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Sports Quote of the Day:
"It's often been said that you learn more from losing than you do from winning. I think, if you're wise, you learn from both. You learn a lot from a loss. You learn what is it that we're not doing to get to where we want to go. It really gets your attention and it really motivates the work ethic of your team when you're not doing well." ~ Morgan Wootten, Former High School Basketball Coach
Trending: New analysis says one in six NFL players go bankrupt within 12 years of retiring.
By Kirstie Chiappelli
Big paydays don't always pay off for NFL players.
Nearly one in six file for bankruptcy within 12 years of hanging up their helmets, according to new analysis by the National Bureau of Economic Research.
Four researchers from the California Institute of Technology, the University of Washington and George Washington University studied approximately 2,000 players drafted from 1996 to 2003 to determine when and how bankruptcies occur.
“Players with median-length careers earn about $3.2 million in a few years. If they are forward-looking and patient, they should save a large fraction of their income to provide for when they retire from the NFL,” Kyle Carlson, Joshua Kim, Annamaria Lusardi and Colin F. Camerer wrote in a working paper, via the Wall Street Journal.
The researchers discovered that almost 16 percent of players file for bankruptcy within 12 years of retiring from the league.
“Having played for a long time and having been a successful and well-paid player does not provide much protection against the risk of going bankrupt,” the authors wrote.
A previous report from Sports Illustrated in 2009 found that “78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce” just two years following retirement.
“Our findings are different from what the life-cycle model predicts,” the authors of the latest study concluded.
Trending: New analysis says one in six NFL players go bankrupt within 12 years of retiring.
By Kirstie Chiappelli
Big paydays don't always pay off for NFL players.
Nearly one in six file for bankruptcy within 12 years of hanging up their helmets, according to new analysis by the National Bureau of Economic Research.
Four researchers from the California Institute of Technology, the University of Washington and George Washington University studied approximately 2,000 players drafted from 1996 to 2003 to determine when and how bankruptcies occur.
“Players with median-length careers earn about $3.2 million in a few years. If they are forward-looking and patient, they should save a large fraction of their income to provide for when they retire from the NFL,” Kyle Carlson, Joshua Kim, Annamaria Lusardi and Colin F. Camerer wrote in a working paper, via the Wall Street Journal.
The researchers discovered that almost 16 percent of players file for bankruptcy within 12 years of retiring from the league.
“Having played for a long time and having been a successful and well-paid player does not provide much protection against the risk of going bankrupt,” the authors wrote.
A previous report from Sports Illustrated in 2009 found that “78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce” just two years following retirement.
“Our findings are different from what the life-cycle model predicts,” the authors of the latest study concluded.
Trending: Predators will still perform anthem despite cheers from Hawks fans.
By Nina Falcone
Weeks before the Nashville Predators' opening-round opponent in the Stanley Cup Playoffs was even known, the organization was already beginning its campaign to — once again — "keep the red out" of their arena.
Team president Sean Henry told the Tennesseean back in March that he was looking for ways for Bridgestone Arena to not turn into a sea of red by putting restrictions in place when playoff tickets first went on sale to keep Blackhawks fans away from their arena.
After going 0-1 on their first attempt at keeping the Chicago crowd away back in 2013, the Predators decided to take the exact same approach they did back then by only selling tickets to fans within the team's TV market.
We still have yet to see just how effective that'll be this time around. But now that we know the Blackhawks and Predators will face off beginning Wednesday, Nashville is also letting fans know that they'll still be playing the national anthem — not "God Bless America" — prior to home games despite the fact that Chicago fans in attendance cheer and clap loudly during it.
According to the Tennessean, Nashville fans consider Chicago's tradition to be disrespectful. In one of the Blackhawks' two visits to Nashville this season, the Predators chose to play "God Bless America" rather than the national anthem hoping it would quiet the Chicagoans down.
"It would almost be against God, country and apple pie to shout and cheer through the person next to you singing the anthem of the United States of America, wouldn't it?" Henry told the Tennessean.
So Blackhawks fans, there you have it. The Predators are sort-of-but-not-really afraid of all the cheering you may do...if you can get into the arena.
Looks like we'll have to see how it all shakes out during Game 1 on Wednesday night.