Is Vince Young Broke?
Too bad it didn't work out for Vince Young in Buffalo, because his lawyer says he needs a job. Young, who was signed as one of the league's top draft picks in 2006, earned a whopping $26 million guaranteed. But today, his lawyer is saying he's broke.
Where did the money go? Was it just poor spending habits, or was it just bad financial advisers -- including his uncle, who handled some of his finances? Either way, it boggles my mind when I hear stories of multi-millionaires blowing their wad. Why don't they just put the money in a safe investment and live off the interest? And stop letting other people spend your money!
But if 'Cribs' taught us anything, it's that athletes love huge houses, bling and fast cars. If they would just live like regular people, they would be on easy street. I always said that if I made millions, I would be happy to just pay off my car and my mortgage and maybe get a nice house for my mom. After that, I would just be happy to never have to work another day in my life.
Lots of athletes and celebrities have blown through their millions, but Young's case is considered pretty excessive, even by those standards. Young came into the league after winning the Rose Bowl with Texas as the third pick in the NFL draft (behind, guess who? Mario Williams and some guy named Reggie), and he was named to two Pro Bowl teams, but the Bills were Young's third NFL team after his career took a downward spiral. Now Young is suing his former agent, Major Adam,s and finacial planner, Ronnie Peoples, alledging they took $5.5 million from him by forging his signature and impersonating him in phone calls.
Young also owes Pro Player Funding $1.9 million for a loan he took during the NFL lockout. (Why would an NFL player need a loan during a lockout? They have millions! Eat some Ramen, for god's sake!) Young challenged the loan's validity and even claims that Pro Player threatened to contact the sheriff and serve him with legal papers, which he says played a role in the Bills decision to release him.
It's the same ol' story: An NFL player too young to know how to handle all that cash, and advisors trying to get a piece of the action and take control of his life. Peoples filed a counter suit saying that Young's uncle, a man with no background in business management, approved these finacial decisions and took an even more personal shot at the quarterback that probably stung like a Mario Williams sack.
Peoples said Vince Young's unwillingness to accept responsibility is "a common occurrence as (former Titans coach) Jeff Fisher, (Texas coach) Mack Brown, numerous NFL executives, coaches, teammates, scouts, girlfriends and illegitimate children will attest."
Young had nothing but great things to say about Buffalo and his teamates in his short time here, so we're hoping the quarterback lands on his feet with another NFL team. He seemed like a generally good dude, so we're hoping he doesn't blow a second chance.