Neutral

You people always like to use the racism card when the truth is spoken. Nothing was said in the above article that is different from what you so long-winded rebutted. All blk athletes have white sport agents(pimps), who steer them to trashy white women(whores) who end up either pregnant, married and then later divorced from these athletes. Anyway you look at it, the wealth is still passed from black to white hands, leaving most of these professional slaves broke and beaten.

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Sad to hear the writer of the article and most of the comments critisizing Coleman for his lack of business savy. College and professional sports remind me of the old movie Mandingo. Also, as parents, many of us pin our dreams of new houses and early retirement on our children, let a coach sweet-talk us into sending them to an insitution where they're there to do one thing - make $$ for the school and not let real college courses get in the way of performing. Unlike the days of Ali, Jim Brown, Jabar, Russell and others, embarrassingly few Black athletes are willing to invest in the communities they came from and talk to those youth at highest risk for homicide. The "NBA Cares" and other efforts are cool, but superficial when looking at the dire conditions in Detroit, New Orleans, Newark, Baltimore... and this is by design. Harold Reynold, ex-second baseman for the Mariners, once donated $25,000 to get more Black and Brown kids in Seattle into baseball. The Mariners told him NOT to do that again (with his own money) unless he did it on the other side of the lake where white folks (and most Black athletes) live. The Mariners said "those folks" don't buy advertising, season tickets or luxury boxes. Every other race of people invests in their communities. The REAL question is why more of these slaves for corporate America wouldn't consider doing the same with Coleman. The fact that many of you would blame Coleman for trying to do the right thing proves the strategy of dumbing-down Americans is working successfully. Years ago, I used to wonder why MJ, Dion Sanders and Barry Bonds, for example, didn't build a shoe factory somewhere in Africa for a fraction of the cost of here, produce their own brand, provide jobs here, and the economic connection with their place of origin. Every other group of people uses this strategy including newly arrived African immigrants and refugees. Some of you need to de-program yourselves.

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its 87 mil less taxes but yet alot of money. you never invest all of your money. invest a portion and put the remainder in a interest drawing acct or a money market account. you've got to have that safe investment you control, cause everybody and their brother will tell you i can turn your money over 100%. many soooo many get sucked in.

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To Sportsman

You are so on point. I could not have written it better my self. Here's another thing to consider. For the black athlete who marries white women and don't go broke. After two generations, the money goes right back to white people. Because 9 out of 10 times those biracial children will go to mostly white schools. And will marry and procreate with white people. After that happens, the children are really all white again. I cannot wait until the Barkley's, Pippen's of the world are 80 years old. And they look out into the backyard at the family reunion and see no one looking like them. What will be they legacy. And that big picture of them in the living room will be taken down. Heather or Jonathan would not want their new fiances to know that their grandfather was some big old black basketball player.

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There have been highly educated men and women with 20-50 years of professional business experience who have filed bankruptcy over the last several years because of a financial and economic collapse. A PhD was not enough to prevent bright people from finding themselves in economic duress, let alone a four year degree from the best universities.

When these young men invest a large portion of their money, they are doing just like every other big money investor out there - rolling the dice. It is a gamble and over time the majority of gamblers will go broke a time or two. So why should some athletes be any different.

I think we over estimate the benefits of a college degree. Its number one benefit by far is that it provides entrance into many corporate jobs and professional schools. A degree is a test of four to five years or perseverance, so is the perseverance it takes to become a pro ball player. Most people are trained by their company to do their job, not their college classes.

College certainly doesn't prepare people who are usually broke while they are in school how to manage large sums of money. The average college grad is going to make mistakes or have challenges managing their money when they finally start making good salaries. Many of end up financially upside down.

Let us not judge the athlete millionaire any harder than the non-athlete millionaire with a college degree who has lost their home, shut down a business, and has creditors snapping at their heels. The reality is we would all love to have the money and we would how to make it last several generations. That is what we would like to think. But for many of it is taking everything we have just to do a decent job managing the less than millions we have now. Moreover, most of us are not confident we are doing the smartest things with our money.

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