How Does An NFL Player Blow $26 Million In 6 Years? T.G.I.Fridays, Cheesecake Factory, And Morton’s Steakhouse Runs

September 21st, 2012 - By Brande Victorian

Source: WENN

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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  • Nikki

    Another reason why Personal Financial Responsibility courses should be implemented in high schools. I’m pretty sure that if people were responsible with their money, the economy wouldn’t be in this bad of shape.

  • TX2Hi

    Talk about stupid. there is clearly something wrong with you when all you can do in run in a field. All those financiers talking to you. They have investors and advisors telling them not to go overboard and go give themselves a budget. You have to be a stupid person to blow that much cash.

  • Pistol_Pablo

    Why do you need to hire anybody when you make money??
    Just stick it in the bank ,and though it won’t make you alot of interest since the rates are so low, at least no one can get to it with their greedy, grimey hands.
    Keep it there until you figure out what to do with it.

  • http://www.facebook.com/profile.php?id=1438551270 Jessica Lucinda Williams

    no real estate investments, charities, nothing, no savings…nothing for the future; just cheesecake factory and T.G.I.Friday’s??? seriously? where did this young man go to school, and what was his major?

  • Suburban Miss12

    I don’t agree with the conclusion that he ‘needs a job’. If he blew through that amount of money on frivolous investments, signing his name on papers he didn’t read, agents, etc… giving him more money doesnt solve the underlying problem.

  • MsMotherSister

    This dude right here!!!! Come on man you really spent $26 million dollars on cheesecake factory, fridays, and Louis? The NFL requires that all incoming players take a financial management course but I guess you can’t fix ratchet. His “friends” took whatever he was offering cause their money is safely tucked away in other things child support, alimony and things they too can’t afford included in that. And whoever said it ain’t tricking if you got it is a lie. I don’t care what you have, it is no ones job to take care of able bodied adults just so they can satisfy a psychological need to please others and feel needed.

  • Limeaide724

    What an idiot, he could have owned the Cheese Factory. He just was not used to anything and as a result mismanaged his money, total shame.

    • Cinnamon71

      That’s what I’m talking about. He could have had a few franchises that would have been making money for him.

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