Tuesday, October 2, 2012

“Broke: Champagne Taste with Beer Money"



           
     The ESPN 30 for 30 Film entitled “Broke” aired tonight, ironically the same day TMZ reported that Michael Vick has spent $29 million dollars since filing for bankruptcy in 2008.  Most of Vick’s money is being spent paying back the debt he incurred from the dog fighting case, but his reality is like many of the athletes featured in the film.  My friends probably think I might consider utilizing this film in my class because 30 for 30 films are currently integrated into my course curriculum, but not this film.  This film will be more useful to me when I am facilitating player development with teams or individual athletes.  There are 30 for 30 films that are useful in my class because they address some of the broad topics we cover in sport sociology but others that are designed to speak to individuals.  This is that film.   

            As stated in the film, “that’s not going to be me” is the detrimental mentality that makes some players great athletes but leave most left by the wayside.  As a sport sociologist and aspiring player development specialist, I believe that my job is to offer players the alternative perspective to what “not going to be them” looks like.  What I know for sure, is that you are not going to convince an athlete that there is a possibility they might not make it to the league, or that they could be filing bankruptcy after their first year in their respective sport.  In a world that convinces these young men and women that they are superhuman, anyone who comes along and tells them any different will for sure be overshadowed.  So, I agree, “that’s not going to be you” and this is how we are going to make sure that it’s not.         
 
            The NFL and NBA both host rookie symposiums in hopes to prepare these players for “life” in the professional league.  I am sorry to say that these programs are ineffective mostly because it is simply too late.  Once they sign those contracts I believe invisible ear plugs form and all reason is blinded by the cars, big houses, and jewelry.  Half the money these young men are going to make has already been spent before they even make it to the rookie symposium.  I mean, think about how the average person manages their money.  I am sure that you have said at one point or another, “that paycheck is already spent”.  I think the reason players are not prepared for the professional life prior to rookie symposiums is the detrimental philosophy of athletic and academic institutions that we should not prepare for the unknown.  This means, we do not want to have a professional athletics major because it is not considered a career.  I hope films like this will start people considering the necessity for a professional athletics major.  Worst case scenario, if they do not achieve a professional athletic career at least they are well educated in the areas of business, financial management, sociology, and many other important areas of life.  I will save my campaign for a major in professional athletics for another blog.

          
      I continue to stand behind the belief that the same pitfalls that professional athletes face with being millionaires is simply amplified compared to many others who make the same mistakes.  I actually believe that it is possible for professional athletes to support their friends and families, make investments, and experience the finer things in life.  The way to make this happen is to first accept the fact that these things are going to occur.  How are you going to tell a professional athlete he cannot buy a house for his/her parents?  I know when I start making money it is going to be my first major purchase.  The goal is to sit down with them and budget their desired purchases with them.  The real problem is that these athletes are not a part of the financial planning process as it is taking place.  I believe this problem would improve significantly if a player is allowed to consider desired purchases with a more hands on approach as opposed to the hands off system or simply being told you cannot help your friends and family.     
 
            This film did a great job of covering the variety of ways that professional athletes are left broke after their athletic career.  I hear too often the blame being placed on friends and families who are taking advantage of these young men.  I hope that most viewers will not focus their attention on the portion that reinforces this narrative about “groupies”, baby mamas, and ex-wife “gold-diggers”.  For me, this film was about choices and as an undergraduate college mate of mine presented to me, sometimes “choiceless choices”.  At the end of the day, we cannot just watch these films and hold them totally responsible or blame the people they associate with.  Well we could, but I chose to consider ways that we can help these young men be productive members of society.  Not waiting until it’s too late before we begin to educate them about the wonderful and detrimental experiences that playing in the professional league can bring should be our goal.  Starting with college athletes would be a good change but teaching your sons and daughters would yield greater results.             

            Finally, I want to draw your attention to the fact that this film was completely focused on male athletes.  While there are several female professional athletes who face financial challenges, we have to recognize their story is a completely separate conversation.  The income disparities that exist in professional sports are consistent with those in the broader society.  A conversation about women and “Broke” would probably look like a very different film.  

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