Pass The Hat For Locked Out NFL Players?

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thrice
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Joined: Thu Dec 07, 2006 10:28 am

Pass The Hat For Locked Out NFL Players?

Post by thrice » Mon Apr 18, 2011 6:44 am

Fannation:

Barely into the second month of the lockout, there's already been some disturbing news on the financial front for players. Players from at least 16 teams have at least shown interest in taking out short-term loans with high interest rates and fees, according to a report from ThePostGame.com. The report cited a source that indicated the interest rates range from 18 to 24 percent, and could rise to as high as 36 percent on default. "I know at least 16 different teams that have had players go out and have to set these [high-risk loans] up," said a financial adviser in the report. "Guys on the Dolphins, Saints, 49ers, Panthers, Chargers, Bears, Vikings."

Read more: http://www.fannation.com/truth_and_rumo ... z1JsGIfoZP

BTW, the minimum salary for an NFL player in 2010 was $325,000...don't spend it all in one place, boys...

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