It might seem nearly impossible for an NFL player to be financially destitute when you consider the average league salary in the 2015-2016 season was $2.9 million. However, as Forbes previously reported, there are a plethora of reasons why NFL players, along with other professional athletes, deplete their financial assets so quickly. So after years of watching their players squander their wealth the NFL’s Player Engagement Program launched a new kind of training camp in 2015, known as the Personal Finance Boot Camp. "The NFL Personal Finance Camp started in 2015 by former NFL Player, Patrick Kerney, who felt it was extremely important to educate players on how to sustain their finances,” Carla Lide, Manager for Player Engagement, told Forbes via email. So young people aren't taking advantage of the tools for their financial future or saving appropriately and apparently, neither are NFL players.

Source: Forbes August 27, 2017 20:48 UTC