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21 Ways Professional Athletes Go Broke

Tony ManfredMar 8, 2013, 23:04 IST

REUTERS/Lucas JacksonTwo very different ex-NBA players ran into financial issues in two very different ways recently.

Robert Swift — who earned $11 million in three seasons — had his house foreclosed on after prematurely flaming out of the NBA.

Allen Iverson — who earned $154 million in salary — found out the hard way what happens when you keep living the good life after the paychecks stop rolling in.

By looking at these and 20 other examples, you get a full picture of exactly how athletes manage to burn through millions of dollars.

[Ed. Note: Former BI reporter Abby Rogers contributed to this post]