There’s no shortage of pro-ball players gone broke stories; however most of those tales are reduced to extravagant spending on homes these men couldn’t really afford, child support payments, and basic tricking — even though they got it. Vince Young definitely spent extravagantly, however he spent that money on ratchet everyday ish you and I could buy like half-off margaritas as Fridays.
Here are the vitals: Vince Young, 29, was signed to the Tennessee Titans six years ago with a $58 million contract, $26 million of which was guaranteed. Now, in cliche fashion, he says he’s completely broke. So where did his money go?
$5,000/week Cheesecake Factory excursions where he picked up the tab for his teammates. Cheesecake factory, just let that sink in.
$6,000 spent at T.G.I.Fridays in Nashville, once again treating him and his players to a hearty (cheap) meal, complete with his “special” drink of choice — mellon drops.
Southwest Flights. Once, Vince bought 120 seats out on a Southwest Airline flight because he wanted to travel alone. The 10 additional seats on the 130-seat flight were already purchased so he still had to travel with a few commoners who now probably have a larger net worth than he does.
Shots, Shots, Shots, Shots, Shots, Shots! After each of the Titan’s home games, Vince would head down to Morton’s Steak House for $600 shots of Louis XIII. Two of those and a stack is blown.
If I had a magic lamp I would seriously wish that this man’s mind matured along with his money. It’s a shame to blow that much money on anything, but when you go broke and you didn’t even live it up, frequenting these childish venues, I struggle finding any amount of sympathy for you.
Now that Vince is in the poor house, he alleges that his management blew about $7 million of his fortune. He’s filed a lawsuit against his former agent, Major Adams, and a North Carolina financial planner, Ronnie Peoples, claiming they misappropriated at least $5.5 million of his money, and he also says these same individuals took out a $1.9 million loan in his name at an interest rate of 20 percent during the NFL lockout without his knowledge. If that’s true, it still doesn’t explain why the other $18 million of his contract money was spent so frivolously – and why he’s just now realizing they were playing with his cash flow. At this point, all I can do is agree with the former pro-baller’s attorney who simply told the Associated Press:
“I would just say that Vince needs a job.”
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