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.
I don’t remember who, but one pro football owner begs his players to come to him to let him help them with their finances. He explains tax implications and investments. Only a few do but the others think it’s a ploy for him to take their money. Oh well.