<P> An additional problem is that players can earn money in many different tax jurisdictions, and be a citizen of one country but a legal resident of another . </P> <P> "There's a far shorter peak earnings period than in any other profession". Black Enterprise reported in 2003 that "the average career span for professional basketball, football, and baseball is a mere 4.5 years, 3.2 years, and under five years, respectively ." A 2007 study found that, excluding pitchers, rookie Major League Baseball players' careers last for 5.6 years on average . </P> <P> Magic Johnson said, "They hire these people not because of expertise but because they're friends . Well, they'll fail ." Rod Strickland made his father his business manager . The older Strickland checked out a real estate deal from a "friend of a close friend" of Rod's, but not well enough to avoid a costly blunder . </P> <P> Hockey Hall of Famer Bobby Orr received deceitful treatment from Alan Eagleson, who "as Orr's agent, left him all but broke as part of one of sports' most spectacular financial scandals ." </P>

How much do nfl players get when they retire