athletes

We learned last week that former NFL star Chris McAlister, a three-time Pro Bowler, is broke and living with his parents after just a year out of the league. But he's hardly the first sports icon to blow through the cash in a flash. In his honor, here are our 10 favorite professional asset-annihilating athletes.

Auctioning off your Olympic gold medal is not usually a winning financial strategy, according to experts. Tommie Smith and a podium-full of other champion athletes are about to find out if they're right. Smith is hawking the gold medal he won in the 200-meter dash at the 1968 Olympics before he...

In the months before Chris Smith graduated from Missouri State University in 2002, his classmates were doing the networking and other things that soon-to-be college graduates do in looking for a job. Smith, however, didn't have the time. While others were out job hunting, Smith was out working at...

We all know that professional athletes make big money, but did you ever imagine that it takes the average U.S. citizen four years to make what Ben Roethlisberger makes in four snaps? According to the number crunching done by The Wall Street Journal Roethlisberger's not the only one who earns $100...

Professional athletes have it made. They're paid millions of dollars over a short career and have the money to put away for a comfortable retirement. Or do they? A Sports Illustrated article about how and why athletes go broke details how some pro athletes, instead of putting some of their high...