Your Financial (Life) Game Plan

Authors: Rick Johnston, Frank Messina, Stephanie Yates

Corresponding Author:
Frank Messina, PhD, CPA
1150 10th Avenue South
Birmingham Al, 35294
fmessina@uab.edu
205-934-8827

Rick Johnston is an Associate Professor of Accounting at the UAB Collat School of
Business. His research interests involve capital markets and the creation/use/regulation of
Information. He has published in the Journal of Accounting and Economics, Journal of
Accounting Research, Management Science, and Contemporary Accounting Research.

Frank Messina is the Alumni & Friends Endowed Professor of Accounting at the Collat School of Business, University of Alabama at Birmingham and a Certified Public Accountant. He is also the university’s NCAA Faculty Athletics Representative.

Stephanie Yates is the Director and Endowed Professor for the Regions Institute for Financial Education (RIFE) at UAB. The RIFE focuses on increasing financial literacy in students and adults throughout Alabama and beyond.

Your Financial (Life) Game Plan

ABSTRACT
Athletes face incredible financial uncertainty despite the potential to earn significant incomes. A key unknown is the duration of their playing career. A large body of anecdotal evidence suggests many athletes are financially challenged or bankrupt shortly after their playing career ends. This article explores some of the causes of these financial troubles and highlights some key considerations for athletes to consider to avoid such an outcome.

Continue reading