NBA: WHY 3-POINT SHOTS DRAIN BANK ACCOUNTS

[boutons_deux]

Former Philadelphia 76ers star point guard Allen Iverson, the story goes, hated luggage so much he used to buy new outfits every time his team went on a road trip.

And he’s not alone among pro athletes in financial profligacy.

According to a 2009 Sports Illustrated story, as many as 60 percent of U.S. professional basketball players faced bankruptcy or serious financial hardships within just a few years of retiring.

The leagues have stepped up financial literacy education and other programs aimed at stemming the embarrassing tide of financial ruin, but what if there were a way to figure out which pro athletes were most likely to go bankrupt, so you could try to prevent it from happening in the first place?

Toulouse-trained labor economist Ruby Henry has found that a basketball player’s shooting stats may have just that kind of predictive ability.

Specifically, their 3-point shooting frequency.

http://www.ozy.com/a en/why-3-poin...2d6211712db4cb

[Robz4000]

Chucking may be a better barometer for re ed basketball players tbh (or terrible FT shooting).

[da_suns_fan]

Nice find boutons.

[TXstbobcat]

Pro athletes spending money like it's got an expiration date.