11. Charlie Batch
People always think houses are safe investments because you’re pouring your money into a saleable asset. Players will either rent it out and make their money back over time, or flip it for a bigger price. But you’ve got to do your research, understand what a mortgage is, and be aware of the financial picture. In sum, Batch wasn’t. He bought a whole bunch of properties and then the recession came and squeezed him for every dime in his pocket.
A two-time Super Bowl winner with his hometown team, the Pittsburgh Steelers, Batch spent most of his time as a back-up. However, when the financial crisis hit, Batch couldn’t afford to pay his mortgages and lost everything. His debts rose to almost eight million dollars but he only had about $2.3 million in assets. It was a disastrous situation for the quarterback and a warning to all NFL players.