Wall Street Hits the Locker Room

In 2022, Gervon Dexter, who starred at defensive tackle for the University of Florida’s football team, was entering his junior season, a pivotal year before players are officially eligible for the NFL draft. Dexter, a five-star recruit out of high school, was projected to be a top selection if he delivered another high-performing season.

In the near term, though, he found himself in the same financial bind as scores of college athletes before him: struggling to pay his bills, as most of his waking hours were devoted to training and attending classes. Despite receiving a full-ride scholarship, Dexter ran into some trouble with a high-interest auto loan he agreed to as an 18-year-old. He couldn’t pay rent at his apartment and got evicted. As the bills piled up, Dexter had his first child on the way.

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