NBA Player, Lou Will says the average NBA player goes broke because $5 million isn’t a lot of money. “You make $5 Million, two and half of that is gone. You got agent fees and that’s another $50,000 and then you have dues for the NBPA” “The fees is $15,000 to $20,000 a year and that’s how we’re able to get our health care and all of that” “Then you have your personal staff, financial advisor is probably 1%, agent at a high number is gonna get 4%” “Before you look up, you have $1.4 Million off of $5 Million left and then you have the mansions and jewelries and girlfriends and channel bags” “Before you know it, you’re not a millionaire no more”