Another athelete who burned thru 5-6 million of after tax income and now has nothing. Me thinks the "League" should retain 5% of all atheletes paychecks and invest in a fixed annuity which when the athelete reaches 59 1/2 they receive lifetime payments.
You are wrong about Jeff.
"Me thinks the "League" should retain 5% of all athletes paychecks and invest in a fixed annuity, which when the athlete reaches 59 1/2 they receive lifetime payments."
Pretty much already in place, given the MLB pension plan is among the best of any in America. Reardon played for over 14 years in the Major Leagues, so he would be fully vested in a plan that will pay him well over $100K per year at 59. Which makes the robbery even more strange. Unless of course there were a couple nasty divorces in there and some gold-digger took most of the money, which is a real possibility.
Not quite.
He is still pretty rich and still has money and also a lot of oppurtunities to make even more money if he wants.
Besides, he also does get a MLB pension, which is quite nice.