The average NBA player retires at the age of 29, which sounds enviable if you ignore the fact that nearly 60% of them face serious financial hardships after retirement.
Bringing retired players into the business world can still be a slam dunk for business executives, who recognize their transferable skills like tactical smarts and insatiable competitive drive.
Jim Reynolds, whose career includes a nine-year partnership with Magic Johnson Enterprises, emphasizes that athletes often peak financially young, unlike professionals who accumulate wealth much later.
Julian Aiken, a former DII point guard, founded Brunswick Sports Management to help athletes transition to business, highlighting the importance of guidance in their post-sports careers.
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