“A lot can happen to athletes who are not careful with their money. Players such as Iverson, who come from disadvantaged backgrounds, are often thrust into a world that is completely foreign to them when they start playing at the professional level. They turn into profligate spenders with big hearts who give a lot of money to family members and neighborhood friends; then their income becomes accosted from all angles by a motley crew. We are talking about dishonest agents, dubious financial planners, gold digger spouses, sham business people, and assorted hangers-on.” At this point, Mr. Beatrice calls attention to a 2009 Sports Illustrated article by Pablo S. Torre (7), which was an eye opener into “How (and Why) Athletes Go Broke.”