The average salary for an NFL player who has only played for one year is $510,000 a year. For the NHL player who only has one year under his belt it’s $525,000 and for the NBA, it’s $845,059. But when they think they’re bigger than life, start meddling with drugs or give their money to the wrong people. Some of these athletes were veterans in the sport and were paid millions and still find a way to flush all their hard earned cash down the drain.
Here are some of the top professional athletes who went from mountains of cash to completely penniless.
9. Lawrence ‘LT’ Taylor
Estimated earnings: $50 Million.
Bad spending habits, drug addiction and poor lifestyle choices, including forcing himself on a minor; forced this Football Hall of Fame member, who was once worth more than $50 million, into bankruptcy in 2009 to avoid foreclosure on his home.
