[LittleBillyInfidel]

...retain an attorney, set up an LLC then a blind trust, fill out the name of the blind trust with address being your attorney’s office, and have the attorney claim the winnings on behalf of your blind trust.

That's EXACTLY what you do! Then, start buying bulks of multi unit real estate to rent out, which should be professionally managed. Create an ironclad will and revocable trust to lock and avoid the inevitable inheritance nightmare. Then, call me, LittleBillyInfidel, to take care of the rest of the wealth as a primary Trustee. :)

[JimRed]

That's EXACTLY what you do! Then, start buying bulks of multi unit real estate to rent out, which should be professionally managed.

I have repeatedly suggested that for professional athletes, especially those who receive large signing bonuses. Make a 35-40% downpayment on a couple of well-located, well managed apartment buildings with the cash flow to carry the financing plus a profit. Then if everything goes south on you you'll always have a place to live and an income.