JaMarcus Russell
JaMarcus Russell had a promising future after he was selected by the Oakland Raiders as their first pick and he signed a $61 million contract with them. Unfortunately, he did not live up to expectations and was cut from the team. He was not able to secure another job in the NFL and ran out of money.
Sheryl Swoopes
Former WNBA player Sheryl Swoopes made a fortune while playing basketball professionally. She accrued about $50 million total. However, he fortune sadly ran out due to various bad investments and bad financial representation. In order to settle her $250,000 debt to the IRS, she was forced to sell her Olympic medals and Naismith trophy.