![]() In fact – in a statistic which has become infamous to detractors of professional sports – 60% of NBA players go broke within five years of retirement, according to a 2009 Sports Illustrated article (more alarming is the assertion that 78% of NFL players fall under financial duress within two years of exiting the league). Off the court, O’Neal was also a prolific earner as he starred in movies and released rap albums, while endorsing a bevy of products including Reebok, Burger King and Pepsi.īut not every pro has Shaq’s career longevity or earning power off the court. “But now you have to educate yourself on how to maintain that, and a lot of people don’t do that.” I was good,” O’Neal says, reflecting on the overnight lifestyle upgrade that affects young professionals in the world’s best paying league. “My momma is happy, her house is paid for she had the car that she knows she would never get in her dreams, a Mercedes-Benz. The most dominant player in the league during his prime, O’Neal would go on to make a further $291 million in NBA salary alone, according to, while earning four titles before settling into life as an studio analyst for TNT’s “Inside the NBA.” “I (spent) a million dollars in about 45 minutes, but it was well worth it.” “The first thing I wanted to do was relieve my parents of their jobs,” O’Neal told CNN ahead of the new 2015-2016 NBA season in Oakland, California. ![]() Less than an hour after signing his first professional contract, 20-year-old Shaquille O’Neal had already spent his first million. ![]()
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