One of the biggest concerns to date is the lending practices of NFL players in need, or with a strong desire, to take out loans.  These loans typically have terrible interest rates attached to them, which players will be complaining about for years to come.  Some interest rates exceed 20% of the loan amount. Some NFL players are turning to high-risk loans to make ends meet.

Another reason players are borrowing now — before even missing a major payday — is that they may be afraid credit will dry up if the lockout continues into the NFL season, said Darren Heitner, an agent and the author of sportsagentblog.com. After all, if interest rates are this high now, what will they be like when players start to miss game checks and lenders know they are even less likely to be repaid?



It is said to see this happen to professional athletes especially the amount of money they first start to  make when they get in the league. Not having a good sense on how to budget their finances and being able to save for a rainy day is putting a strain on many football players and their families.  Hopefully both sides can come to an agreement and the athletes can just focus on what they do best.  Play the game...


Resources
www.prioritysports.com
www.suresportslending.com
www.agrsportsfunding.com
www.sportsagentblog.com

With the NBA Playoffs in full swing the playoffs have been nothing but entertaining for fans.  The Miami Heat eliminated the Boston Celtics in the Eastern Conference Finals 4 - 1 in the series. The Chicago Bulls on Thursday night finished off the Atlanta Hawks 4 - 2 in the series to set up an Eastern Conference Finals between the 2 teams. During the regular season the Bulls beat Miami sweeping them 3 - 0.  But we all know in the playoffs the landscaping of the game changes dramatically. Twelve of 14 ESPN Experts picked Miami to win the series.  Miami having 2 of the 5 best players in Dwayne Wade and Lebron James who can argue that pick.  Both teams have very contrasting styles which should make it an interesting series.