How does a professional athlete sign a contract and earn a certain amount of money but have a lower net worth than the amount they earned?

Question

I was looking over the net worth of a specific baseball player and it says his net worth is between $6 million-$15 million. But in the same article it says he earned $51 million playing four seasons in the majors. If he earned $51 million how is his net worth $15 million max?

In: 5

Answer 1

Unreliable sources. Have been around NFL players since day I was born. Some of their net worth will say 35 million well if you know them like I do it’s more like 200k. Also some are way to low my uncle who played and coached his net worth doesn’t show up it used to say one million..no he’s sitting on at least 12 m’s