Truth & Rumors > NFL Report: Locked-out players already seeking loans

[CF DolFan]

8:36 AM ET 04.17 | Barely into the second month of the lockout, there's already been some disturbing news on the financial front for players. Players from at least 16 teams have at least shown interest in taking out short-term loans with high interest rates and fees, according to a report from ThePostGame.com. The report cited a source that indicated the interest rates range from 18 to 24 percent, and could rise to as high as 36 percent on default. "I know at least 16 different teams that have had players go out and have to set these [high-risk loans] up," said a financial adviser in the report. "Guys on the Dolphins, Saints, 49ers, Panthers, Chargers, Bears, Vikings."

Read more: http://www.fannation.com/truth_and_rumors/view/278752-report-locked-out-players-already-seeking-loans?xid=cnnbin&hpt=Sbin#ixzz1JsU9BHZn

The sad part is those same guys will be broke shortly after retiring. The longer these things go the more the players will have to give in.