People are understandably envious of the giant piles of cash most professional athletes are paid to play a sport for a living, but there are plenty of anecdotes that show those massive windfalls can be a gift and a curse.
Many leagues make rookies sit through wealth management seminars in an attempt to stop them from ending up in a potential sequel to the 30 For 30 documentary Broke, but plenty of players who managed to avoid financial ruin have still managed to make some purchases they regret.
Shaquille O’Neal once managed to blow $1 million in a single day after he inked his first NBA contract with the Magic, and Travis Kelce admitted he had some trouble paying rent during his inaugural NFL season thanks to how much he dropped on shoes and watches.
Deion Sanders also wasn’t immune to some similar temptations during his time at Florida State, as the man who played football and baseball for the Seminoles chatted with Shannon Sharpe about one of the more ill-advised decisions he made after signing a $250,000 deal with the New York Yankees during his senior year.
Coach Prime wanted to flash his newfound wealth and opted to do so by buying a couple of cars, including the Mercedes-Benz 560 SEC he said he “cut the top off” of. However, he ran into a slight issue after he failed to do his research before pulling the trigger on another whip, saying:
“I bought a BMW M3. That was probably one of the dumbest buys. Not because it was a BMW but I didn’t know how to drive a stick.
Ignorant. I was just ignorant…So I get in the car and I’m like, ‘What’s this?’ I’m glad we can talk about this stuff now ‘cause it’s ignorant.”