Without MANDATORY emotional, financial, and educational requirements, this problem will get worse. Let these ex NBA players serve as a warning.
www.thesportster.com
DH has done some great things at UConn but one thing stands out to me: bringing in speakers who share experiences that will benefit the players for the rest of their lives.
Many likely don't have someone in their lives teaching them the basics of managing money, assessing the integrity of those offering to manage their finances and making their investments, and other basic issues they'll face even if they don't make Ray Allen type contracts. As I recall, Donyell Marshall had a large "posse" that he supported for a few years but one day told them it's time to leave. He was a young guy who benefited from having friends around but after a while realized he was being used. Some never realize it and end up with nothing. Check the list for some major examples.