Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida.
Sapp's $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth $1,200. He also reported losing his 2002 Super Bowl ring with the Bucs and his 1991 national championship ring from the University of Miami.
Sapp is not alone in his predicament. According to reports, a strong majority of NFL and NBA players suffer financial distress soon after leaving the game.
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Mark Brunell Sport: NFL, Played 19 seasons for Jaguars, Redskins, Jets Estimated career earnings: $50 million Downfall: The three-time Pro Bowl quarterback reportedly "sunk his fortune" into various business ventures that failed to pan out, including real estate deals that were hit hard by the housing bubble. He was $25 million in dept when filing for Chapter 11 in 2010.
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Kenny Anderson Sport: NBA, Played 14 seasons for nine teams Estimated career earnings: $60 million Downfall: Anderson's lifestyle was too rich to keep up after his playing career ended. He spent a reported $10,000 in "hanging out" cash a month and owed at least $8,500 in child support among his $41,000 in monthy expenses at the time of his bankruptcy filing.
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Lenny Dykstra Sport: Baseball, played 12 seasons for Mets and Phillies Estimated career earnings: $25 million Downfall: Dykstra was seemingly on a path to mega riches following his playing career, operating a high-volume trading business, a car wash chain and publishing a magazine. However, by 2009 "Nails" was in over his head, owing a reported $50 million with just $50,000 in assets.
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Dennis Rodman Sport: NBA, Played 15 seasons for five teams Estimated career earnings: $30 million Downfall: The offbeat rebound king was forced to claim in court that he was broke and unable to pay $800,000 in child support owed to his ex-wife.
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Terrell Owens Sport: NFL, Played 15 seasons for five teams Estimated career earnings: $70 million Downfall: After some costly investments, including bad real estate deals, the 6-time Pro Bowl receiver found himself broke and out of a job earlier this year. Owens has four children with four different women, three of which sued him for child support.
JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!! JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
It's their money to do with as they please. And if they flush it down the crapper......so what????
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Revered by who? No one is FORCING anyone to 'revere' these athletes. And as for the ones who do 'revere' these athletes.....it's their CHOICE!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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