I hope for his sake that he saved a bunch of money somewhere to live off of for the rest of his life, because I get the sense that he’s done, and he’s gonna need it.
If I were in the position of these ‘famous’ people or professional athletes, the first thing I would do is set aside a few million and buy some land somewhere for when the inevitable ‘end’ comes, and have a good place for my eventual ‘exile’.
I tend to agree with you. If you’re fortunate enough to be a pro-athlete, you should take the majority of your first contract, withdrawing enough to live a reasonable life, and invest it in some safe stocks and just let it grow.