ESPN’s 30 for 30 is Back with “Broke,” and It’s Money

ESPN tonight begins rolling out its next batch of 30 for 30 documentaries in a few hours, beginning with “Broke,” a film about athletes and money does the impossible by fostering sympathy for Andre Rison’s financial straits.
It’s great to have 30 for 30 back. TV this measured, reserved and effective is a risk for the network, if only by loading down the ESPN brand with expectations that its stable of braying heads can’t hope to meet. “Broke” owes much of its attitude (as well as actual footage) to “Outside the Lines,” but mostly it does what cable networks do poorly: Finds a single through-line and regards individual events as symptomatic of a larger story. In this case, it’s the truly unfathomable collision of young athletes and millions of dollars. You’ll be amazed how fast $10 million can sound like chump change.
Here’s Tracy McGrady: “My first paycheck was $500,000.” Here’s Sean Salisbury: “I made more in one check than my father made in three years.” Fila tossed Jamal Mashburn a signing-bonus Ferrari before he knew how to drive stick. Curt Schilling took his first big check, converted it to twenties, sprinkled the loot across a hotel mattress and ordered room service. “I thought I would never be able to spend the amount, all of the money I had in my room at that one time,” he says in the film. The pitcher made more than $100 million in his career, then took a $40-million-plus bath on 38 Studios. That’s big-boy money any way you cut it. “It’s like you become CEO of a corporation,” Mashburn says of athletes’ contracts, “before you’re ready to have the job.”
“Broke” quotes a 2009 Sports Illustrated article that estimates three-quarters of NFL players are either under financial stress or have gone bankrupt two years after their retirement; for NBA players, 60 percent are bust five years after retirement. Then it walks through the reasons why: taxes, agents, family, friends, scammers, agent-scammers, family-scammers, friend-scammers, baller-groupies, child support, divorces. The overall effect is of a PSA for league rookies in any major sport. Owners will be bundling DVDs of “Broke” with the team gear they send over after draft day.
Mostly, though, “Broke” is about where ignorance meets ego. Athletes, speaking very broadly, have spent far too much time becoming amazing at sports to also be great at handling money. (Listen for the phrase “financially illiterate.”) They’re also saddled with the sort of competitive egos required to be amazing at sports, so they believe they should also be amazing at finance. But a million-dollar contract does not make one a millionaire, not when 10 or 15 percent goes to an agent, another 35 percent goes to the feds, 5 percent goes to the state, and on down the line. Once you sort out your expenses, pay your rent for a year, buy mom a house and dad a truck, the salary that everyone reads about in the paper (and pesters you for) is far more modest. Oh, and three or five or 10 years’ worth of earnings has to last you for the rest of your life. Once you’re through, as New York Times columnist Joe Nocera says, “Who’s going to hire you? What are they going to hire you for? What are your skills? What do you know how to do?”
Rison talks about having an entourage of 40 when he would go out and sling bills around clubs then wake up the next money with thousands of dollars spilling out of his pockets. Spending was a way to quiet “the little monster in you,” he says. Of the athletes interviewed in “Broke,” he remains in some ways the cagiest, tucked behind up-yours black sunglasses. Yeah, he was an asshole. Like so many similar assholes, he was spending money as fast as he could just to demonstrate that he could, which is the sort of thing only an asshole would even dream of doing with his money. But his girlfriend burned down his house, and he apparently used to just hand wads of cash to musicians so they could buy gear. He exemplified the risible athlete/rapper spender who basically dared himself to waste his fortune. He also embodies the sadder aspect of wealth and security squandered.
Former NFL linebacker Keith McCants, who was arrested after throwing pliers and a crack pipe at a cop, confesses that he pretty much gave all his money away. He appears in the film as a man truly broken. Love of money, he says, “destroyed everything around me. It destroyed my family. It destroyed my friends. And it will destroy you if you let it.” Bernie Kosar, who declared bankruptcy in 2009, ventures into similarly dark waters. “The bankruptcy stuff has been a blessing in disguise,” he says. “When people don’t think you have money, um, they don’t call you as much. Family included.” By the end, their downfalls make fabulous sense. Athletes are young, marginally educated, instantly rich and like the thrill of making cash fast. If you were in the business of screwing people out of money, what better place to start?

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50 Responses to “ESPN’s 30 for 30 is Back with “Broke,” and It’s Money”
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October 2nd, 2012 at 5:03 PM
Options.
October 2nd, 2012 at 5:07 PM
the government.
seriously though, get a copy editor.
October 2nd, 2012 at 5:07 PM
For which sports are agents taking in a 10-15% rake?
October 2nd, 2012 at 5:07 PM
ESPN’s 30 for 30 is Back with “Broke,” and It’s Money
ugh
October 2nd, 2012 at 5:08 PM
You don’t wake up in the money?
October 2nd, 2012 at 5:08 PM
I had to read over that first sentence three times to get it.
October 2nd, 2012 at 5:09 PM
ESPN
tonightbegins rolling out its next batch of 30 for 30 documentaries in a few hours, beginning with “Broke,” a film about athletes and money that does the impossible by fostering sympathy for Andre Rison’s financial straits.there. that one was free of charge.
October 2nd, 2012 at 5:10 PM
Soccer Baseball…ruthless.
October 2nd, 2012 at 5:11 PM
Who knew Sarah Phillips was such a grammar Nazi?
October 2nd, 2012 at 5:11 PM
he apparently used to just hand wads of cash to musicians so they could buy gear
because their gear was weak? what about their haircuts?
October 2nd, 2012 at 5:12 PM
then wake up the next money with thousands of dollars spilling out of his pockets.
Shameful to spend that kind of money and wake up with pants on. That guy deserved to go broke.
October 2nd, 2012 at 5:15 PM
Curt Schilling took his first big check, converted it to twenties, sprinkled the loot across a hotel mattress and ordered room service.
That’s how he ran his video game company too.
October 2nd, 2012 at 5:16 PM
Shouldn’t they change the name to something else or is “30 for 30″ already established too deeply as a brand?
October 2nd, 2012 at 5:16 PM
Bad Moon!
October 2nd, 2012 at 5:17 PM
Seconded.
October 2nd, 2012 at 5:18 PM
then wake up the next money with thousands of dollars spilling out of his pockets.
did you even read this once before you posted it?
October 2nd, 2012 at 5:19 PM
Easy fix. Next time try reading the sentence instead of over it.
October 2nd, 2012 at 5:19 PM
@somewhereoverthedwaynebowe: Hahahaha. Freudian slop. Good catch.
October 2nd, 2012 at 5:19 PM
Easy fix. Next time try reading the sentence instead of over it.
kaboom.
October 2nd, 2012 at 5:20 PM
why is it still called “30 for 30″?
while an interesting topic it’s one that’s well known and all the stories are the same with a few differences about rock bottom.
have to say i’m far more interested in the Cleveland ’95 Documentary on NFL Network’s Football Life.
October 2nd, 2012 at 5:20 PM
LOL shit’s getting real here.
October 2nd, 2012 at 5:20 PM
@somewhereoverthedwaynebowe: Hahahaha. Freudian slop. Good catch.
You want to have sex with money pants?
October 2nd, 2012 at 5:21 PM
shit happens
October 2nd, 2012 at 5:21 PM
Shouldn’t they change the name to something else or is “30 for 30″ already established too deeply as a brand?
yes.
October 2nd, 2012 at 5:22 PM
Branding, same reason the Big Ten and Big XII didn’t switch names last season…you know what they’re talking about when you see “30 for 30″, “ESPN Films” conjures up images of Barry Pepper driving a stock car
October 2nd, 2012 at 5:23 PM
Nearly as strong a brand name as Yahoo Finance
October 2nd, 2012 at 5:24 PM
Finds a single through-line and regards individual events as symptomatic of a larger story.
/brain splatter
October 2nd, 2012 at 5:24 PM
People never ever understand this, until it’s too late. I will watch, and I will spend the time shaking my head.
I’m in the group bashing ESPN at every opportunity. But, they do well with this series. Too bad they don’t do more of this stuff & less of the “screaming faces” stuff.
/back to Dr. Hackenbush
October 2nd, 2012 at 5:24 PM
meant to italicize that last one.
October 2nd, 2012 at 5:28 PM
I found quite a few of them to be boring and over-dramatized/sensationalized. Couple great ones, but the list of new ones is scraping the bottom of the barrel of interest.
October 2nd, 2012 at 5:32 PM
At first glance I thought Aaron Rodgers was grabbing Charissa Thompson’s ass. The man can do no wrong in my eyes.
October 2nd, 2012 at 5:33 PM
Also, old father time has not been kind to Jerry Rice’s head.
October 2nd, 2012 at 5:35 PM
New money goes broke every day in this country. The disadvantage athletes have is that their peak earning power is limited and early. Thus they don’t have the same opportunity to learn from their mistakes and rebound like say a Jerry Weintraub.
October 2nd, 2012 at 5:46 PM
It’s just so sad but yet pathetic.
You think the numerous stories like these would be a warning to a lot of these guys, but they all think it wont happen to them.
October 2nd, 2012 at 5:49 PM
Eifling is starting to comment? Looks like he is going down the Huffy Duffy Road and not the Lisk road.
October 2nd, 2012 at 5:50 PM
Huffy Duffy sat on a wall.
Huffy Duffy lectured us all.
October 2nd, 2012 at 5:52 PM
Sam, is there any way you could have thrown a couple of cheap insults at the South in there? The column just feels like it is missing your usual touch.
October 2nd, 2012 at 6:00 PM
Eifling is starting to comment? Looks like he is going down the Huffy Duffy Road and not the Lisk road.
Whatever the role model, I welcome it.
October 2nd, 2012 at 6:25 PM
I’m assuming Joe Theismann’s in this.
October 2nd, 2012 at 6:29 PM
Sam, is there any way you could have thrown a couple of cheap insults at the South in there? The column just feels like it is missing your usual touch.
Shut up you inbred, red-neck hillbilly
/does that cover it?
October 2nd, 2012 at 6:31 PM
I’m assuming Joe Theismann’s in this.
I hope you are using you Junior Seau powers with this comment…
October 2nd, 2012 at 8:23 PM
Rison coming off like an idiot in this one.
October 2nd, 2012 at 8:28 PM
Watching this thing, and I gotta admit there isn’t a lot of new insight. We’ve covered lots of this on this site. Kinda shrugging my shoulders at this stuff so far.
October 2nd, 2012 at 8:33 PM
It’s Eifletastic!
October 2nd, 2012 at 8:48 PM
Actually, it’s all due to absentee parenting.
October 2nd, 2012 at 9:03 PM
So Mike Mcquery is suing Penn State for defamation, but thats not the best part.
McQueary’s lawyer is Elliot Strokoff. Really? Strokoff?
October 2nd, 2012 at 9:09 PM
same story over and over, just slightly different details. sad, but how many times can you hear it?
October 2nd, 2012 at 9:11 PM
Thirsty for 30 is about traveling with Wade Boggs.
October 2nd, 2012 at 9:18 PM
Maybe I don’t need to anymore. Guys just don’t learn from the past mistakes of others.
October 2nd, 2012 at 11:36 PM
Made a bad investment in Piss Pills?