Previous research on the role transition of ex-athletes to a new career is somewhat limited because the studies have applied theories that do not fit the unique characteristics of athletes. This research uses another approach, Ebaugh’s role exit theory to understand the role exit process of professional athletes. Ebaugh claims that her theory, is applicable to all role exits. We found that Ebaugh’s theory applies to athletes, but with modification. Data were collected from interviews with 27 former professional athletes. The experiences of these athletes generally fit within Ebaugh’s 4 stages. However, the athletes paths are not entirely accounted for by the model. Thus, the model is modified to include: (a) a new stage of “original doubts” that precedes becoming a professional athlete; (b) the difference by the era in which the athlete played; (c) the significance of the type of involuntary exit; and (d) the “withdrawal” behaviors associated with leaving sport.