Don't forget that I'm sure they get the service of expert financial advisors that ensure their money heads into astute investments.
Expert financial advisors in an oxymoron
But yes they should be getting some advice.
However young people (particularly young men) & big paydays are a bad mix, up here in Mackay when the mining boom was in full swing, young blokes (18+) get a gig on $120+, fisrt thing they did was go & buy a $60k+ ute & then go and buy a $40k boat. Live the high life thinking it would last forever & then when things turned to shit left with a trashed car an over priced boat & a shitload of debt.
If a footballer is on $300k then i imagine
Agent 10% - $270k
Financial advice 10% - $243
Govco 50% - $120k (good fin advice would obviously reduce this)
Rent - $??????
Car - $60k+
Now the average person would survive quite well on this, but these are young men & i remember when i was young(er) the mantra was "here for a good time, not a long time"