10 financial planning tips for pro athletes

This weekend's NHL draft will determine the professional fate of 211 young men, but without proper planning the money won't last a lifetime

This weekend's NHL draft will determine the professional fate of 211 young men and although budding hockey stars like John Tavares and Victor Hedman will likely earn millions, there is no guarantee that their financial future is secure.

Coming into a considerable amount of wealth at a young age brings with it many challenges, including the temptation to blow it all on a fancy sports car, a huge new house or an extravagant lifestyle. But as is the case with many other professional athletes – including basketball, baseball, soccer, football – the career span of a hockey player is a short one...

Globe: 10 financial planning tips for pro athletes