2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • These Athletes Earned More In Retirement Than When They Were Playing

    28 Feb 2014 by Jasmine Stone in Business, Sport
    Related Posts
    • Good News: SA U21 Men & Women Crowned African Champions
    • Michael Schumacher's Friend Tried To Sell Secret Pic's For £1million
    • Watch Out For These Four Threats To Your Post-Retirement Plans
    • Keen To Never Work Again? Calculate Your 'Financial Freedom Number' Using This Formula
    • Streaker At NFL Game Never Stood A Chance [Videos]

    Earning the big bucks during your career as an athlete doesn’t mean you’re guaranteed financial security once that knee of your’s finally gives in. A study found that 78% of former NFL players were in financial distress only two years after retirement. 60% of NBA players weren’t doing much better after five years due to lousy investments, divorce and excessive partying.

    But there are few that did pretty well for themselves after retirement. In fact, some are earning more now that they did while playing. Last year was  Michael Jordan’s best year yet, raking in $90 million, and he hasn’t played since 2003. His windfall is mainly due to his deal with Nike. Air Jordan shoe sales grew by 11% in the US last year. He also owns seven restaurants, a car dealership and 80% of the NBA’s Charlotte Bobcats.

    Retired golfers also tend to do better in retirement. The lucrative sport earned Arnold Palmer $40 million last year, which is crazy considering he only won $1,9 million on the PGA Tour. Arnold earned his cash through beverage sales and licensing his name to retail stores in Asia.

    South Africa’s golfing legend, Gary Player, is also earning more than what he made during his time as an athlete. Player earned an estimated $19 million last year. With more than 40 golf course design projects in the works, and sponsors like Callaway and Rolex, the South African golfer can’t complain about retirement.

    To check out some of the other athletes doing well after retiring, click here. 

    [ Source : Forbes ]

    • ← UPDATE: Stinky-Stink – London Is Flooded With Sewerage Water [PICS + VIDEO]
    • Guess What T-Shirt This Meth-Cooking Suspect Wore For His Mugshot? [PIC] →
    • Tweet
    • Tags:
    • Arnold Palmer
    • athletes
    • Gary Player
    • michael jordan
    • NBA
    • nfl
    • retirement
    • Sport

    Latest News

    • Politician And His Wife Found Guilty Of Organ Trafficking Plot

      [imagesource:unsplash] See, what did we say about politicians? After transporting an...

    • You Might As Well Check Out Bing’s New AI Image Generator – It’s Free And Fun

      [imagesource:bing] I asked Bing's new AI image generator feature to give me a picture o...

    • Supersport Commentator Makes Fun Of “The Okes”

      [imagesource:maxpixel] A Supersport commentator has sparked some discussion recently wh...

    • New Zealand Is Launching A $4 Million Campaign To Help Young Kiwis Get Over Breakups

      [imagesource:pexels] Breakups are hard for all ages, but it can very well feel like the...

    • 25 Injured As Wind Topples Microsoft Billionaire’s Boat

      [imagesource:flickr] Strong winds tipped a large ship belonging to billionaire Microsof...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo