I read a business article some time ago stating that approximately 70% of athletes declare bankruptcy within 5 years of retirement.
College athletes with a reasonable expectation of going pro should be required to take a basic economics course. And be taught how to recognize bad (self serving) financial advisors.
My advice to them would be to buy a couple of well located apartment buildings while they are rolling in the big bucks. It may not make them richer, but it will feed them for life if things go south.