Originally Posted by Slyder
I agree with those who say colleges and high schools should require a basic economics/accounting/etc course that sole purpose is teaching students to handle money, or at the very least have people on staff that can help those exploring the professional option to set up something to where they don't get into a situation like Vince Young.
You have to remember that a lot of these players don't have the basic math skills that they would need to understand these classes.
Even if they did, it still might not help them stay out of financial trouble. Look at the general public. How many normal people have declared bankruptcy? How many normal people have lived or are living beyond their means?
As those of you who have raised kids know, kids in their late teens early 20s think they are invincible. They don't think they are going to get hurt or get sick or die. The upper echelon of athletes at that age think the money's always going to be coming in. They will play till they are 40 and not get hurt and they will have a soft TV job waiting for them when they retire. No amount of classes or lecturing is going to make them think different.
Even the ones who listen and learn and believe they know what they are doing can have problems. If you hire the wrong people to take care of your money that can really set you back. If you are getting $10M a year and you have an accountant of financial advisor who is only making $40K a year, it has to be tempting for them to embezzle. If the athlete starts to ask questions, the financial person can always say it was a bad investment.