Why athletes need another career plan

Alex Opacic • Jun 05, 2018

Why athletes need another career plan

Being a professional athlete is one of the most fulfilling and amazing careers ever! You’re playing a sport you’ve loved playing since you were a kid and now you’re getting paid well for it. Most people dream of being pro athletes, yet less then 1% become one. Fans adore you, people look up to you, kids idolize you, you’re a role model, everything is given to you and most athletes get to travel the world. Of course, you worked hard to get to that level and you deserve it.

However, know that being a pro athlete is a short career and be savvy enough to start planning for Another Plan A. Reality is, most athletes don’t make enough money throughout their careers to support themselves and their families post sports.

Here are the average salaries and length of careers in the major Australian professional leagues:

NRL: Average salary $313k, average playing career 3 years.

AFL: Average salary $371k, average playing career 6 years.

Domestic Cricket: Average salary $234k, playing career 6 years.

A-league: Average salary $99k, playing career 6-8 years

NBL: Average salary $79k, playing career 5-7 years

Remember, this is the average and not the median which is slightly lower. (most athletes are not lucky enough to have an “average career”)

Let’s take best case scenario here, which is AFL: if you play for 6 years you will earn $2.26 million. Of course, with cost of living, rent, other bills, entertainment, being conservative let’s say you keep $1.5 million. Average cost of housing in Sydney is just over $1 mill, so you still don’t make enough to buy a home. Plus, let’s say you retire at 30, you still have 70 years ahead of you so the $2.26 mil of course won’t cut it. Clearly, this is all common sense and simple but must be said to emphasise the importance of why athletes need to start planning for a post sports career, during their sporting careers.

The good news is, the skills and attributes you built in sports are highly desirable and sought after by many businesses and hiring managers. You know the meaning of hard work, you listen, you’re resilient, competitive, hungry for success and very persistent – to name a few.

Enjoy your sporting career whilst it lasts, as it’s an unforgettable period of your life. However, in order to secure a smooth transition into a post sports career, the preparation needs to start whilst you are a pro athlete! Start searching for a passion outside your sport, so when retirement (or god forbid injury) comes you are ready to transition into another career.

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When Athletes Should Consider Quitting Their Sports Dreams Introduction: Every aspiring athlete dreams of reaching the pinnacle of their sport, whether it's the NRL, AFL, NBA, MLB, NFL, or the Olympics. The journey is often characterized by unwavering dedication, years of training, and a relentless pursuit of excellence. But for most athletes, the path to professional success is a challenging one, and very few will ever get to taste the glory of the highest level of competition. In this blog post, we'll explore the critical decision point that many athletes face around the ages of 24 to 26 – the moment when they must decide whether to continue chasing their sporting dreams or shift their focus to a different career path. Drawing from personal experiences and insights, we'll discuss why making this decision sooner rather than later can be beneficial. The Typical Athlete's Journey: The majority of athletes start their journey with the dream of competing at the highest level possible. From ages 13 to 21, they pour their heart and soul into their sport, fueled by the hope of making it to the big leagues. However, the harsh reality is that only a tiny fraction of athletes achieve this dream. By ages 21 to 24, many athletes find themselves at a crossroads. They might not have made it to the top level, but they are still determined to keep trying. They continue to play at lower levels, often balancing it with part-time work or studies. From ages 24 to 30, some athletes still haven't achieved their ultimate goal. Yet, they continue to play because they love the game and hold onto a glimmer of hope that they might still make it. In the meantime, they might scrape by with a full-time or part-time job. The Decision Point: Around ages 24 to 26, most athletes come to a pivotal decision point. It's a moment of truth – do they persist in their athletic pursuits or choose a different path? This is a critical juncture that can shape the rest of their lives. For those who choose to move on, it can be an incredibly tough decision, but one that often leads to a fulfilling and successful future. This choice allows them to redirect their focus towards building a career outside of sports. Personal Experience: The decision to move on from a sports dream is never easy. It can be an emotional and challenging process, as I experienced when I chose to leave basketball at the age of 26. However, looking back, it was one of the best decisions I've ever made. It allowed me to discover new passions and opportunities that have enriched my life. Why Quitting Sooner Can Be Advantageous: Diminishing Odds: As each year passes without reaching the top level, the likelihood of "making it" decreases. It's essential to be realistic about the chances of success. Falling Behind: Athletes who continue to pursue their dreams may find themselves falling behind in terms of developing a career in other fields. Starting early in a new career can provide a significant advantage. Personal Growth: Quitting the relentless pursuit of athletic success can offer a chance to mature, explore new interests, and develop a well-rounded life. Conclusion: While the allure of an athlete's life is undoubtedly enticing, there comes a time when reality must take precedence. Choosing to move on from one's sporting dreams at the right moment can open doors to a world of opportunities and personal growth. So, if you're an athlete who hasn't reached your sports dream by ages 24 to 26, it might be time to consider a different path. Remember that it's not a defeat but a strategic choice that can lead to a more fulfilling and successful future. Don't hesitate to reach out to others who have walked this path for guidance and support – there's a world of possibilities beyond the playing field. If you require further support on this topic, get in touch with the team at A2B .
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