but it's surprising how common this is. Lorenzen Wright was shot and killed in Memphis about a year and a half ago, and his family could only afford to put up a few hundred dollars for reward to anyone that could provide information on the killer/killers.
The guy had played in the NBA I think for 14 seasons, and he made good money, yet only a year after his playing career was over, there was no money left.
That's what happens when players choose to spend what they have instead of having someone put it away for them. Most of them don't quite understand that you're lucky if you get to play into your mid-30s, and you are likely to live another 40-50 years after that.
Penny Hardaway, meanwhile, had a similar length career, though he was injured for a lot of it, and his value went down after being a star early in his career. Still, he's taken good care of his money, and he's still living the high life years after retirement from the league. Basically he plays pick up basketball and golfs among other activities, but he's not holding down a job to make ends meet.