
The decision to play professional football probably was not a hard one, but what to do after those glory days are over probably is. After many years of justified and unjustified criticism for not taking care of its own the NFL Players Association is looking to help with that decision via their Business Management and Entrepreneurial Program.
One Hundred and fourteen NFL players completed the three page application and took this program this winter. The courses are intense, last four days, and could cost thousands of dollars, but players get reimbursed upon completion.
Since its advent in 2005, the Business Management and Entrepreneurial Program has become a handful of programs the NFL and players union has put into place to help players adapt to life after the final horn has sounded. Newly elected NFLPA President, Kevin Mawae, wants to not only focus on past players but the young, current ones, as well. "Educating the young guys...," he said, "...and the older guys (in order) to get them to understand how important it is that we continue to educate the young guys."
100% of Professional Athletes Ultimately Experience Job Termination. Out of those players and according to NFL stats:
- 25% are bankrupt within their first year out
-50% are divorced within their first year out
-75% are either bankrupt or divorced within their first five years out
Hats off to President Mawae and the NFLPA for finally recognizing that there is an issue and acting proactively. Let's hope programs like the Business Management and Entrepreneurial Program and attitudes like Kevin Mawae's continue for the betterment of professional athletes as they transition back into normal, everyday lives.
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