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 Vince Young.. broke... 
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Post Vince Young.. broke...
http://bleacherreport.com/articles/1341 ... around-nfl
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Vince Young went from NFL superstar to unemployed in only six years. His journey is not unique, and it should serve as a lesson to younger players around the league.

The quarterback was once thought of as a "can't-miss prospect" after leading the Texas Longhorns to a national championship in college. He was drafted with the No. 3 overall pick of the 2006 draft by the Tennessee Titans, earning a five-year, $58 million contract that guaranteed him $25.74 million (via ESPN).

Apparently, this was not enough.

After being cut as a backup quarterback for the Buffalo Bills this preseason, it was revealed that Young is broke, according to CBS News. When asked about his current finances, his attorney Trey Dolezal responded "I would just say that Vince needs a job."

When dissecting Young's habits from earlier in his career, it is easy to understand how he lost his fortune.

Clay Travis of OutkicktheCoverage.com highlighted a couple of stories about the football player that detail his expensive lifestyle. Young used to spend $5,000 per week at Cheesecake Factory, and once spent $6,000 at a T.G.I.Fridays. At one point, he purchased 120 seats on a Southwest flight.

Even with a multi-million dollar salary, these types of expenses add up.

This is the type of thing that young players need to understand: There is no such thing as an unlimited amount of money. Regardless of how good a player thinks he is, his income is certain to run out eventually.

Young earned the Rookie of the Year award in 2006 after taking over a 0-3 team and leading them to an 8-8 record. He was selected to the Pro Bowl that season, and brought his team to the playoffs one year later. Unfortunately, he made only 22 more starts over the next four years as his career has come to a screeching halt.

It shows that careers can change instantly. Businessweek.com lists the average career of an NFL player to be three and a half years. Too many rookies think that the ride will never end, when in fact the end may come very quickly.

There is a long list of players who have gone broke after making millions in football. From Lawrence Taylor to Deuce McAllister to Dick Lane, it is obvious that this is not a new occurrence. The unbelievable thing is that it continues to happen.

It makes sense that players want to go crazy with their first paycheck when they become a professional. Unfortunately, this leads not only to financial trouble, but problems with the law as well.

This season, the Dallas Cowboys set a bunch of rules for star wide receiver Dez Bryant to keep him out of trouble, according to Calvin Watkins of ESPN. These include an alcohol ban, a midnight curfew and a team security guard that must stay with the receiver at all times.

While this could be considered invasive, it is likely the best way for the Cowboys to protect their investment on the field. Just as important, it will be the best thing for Bryant in the long run.

Teams should create a similar situation around players that do not know how to handle their money. It would be difficult for the young men to agree to it, but it seems the rookie orientations are just not getting through to them.

The athletes of this level are playing a game for amounts of money that almost anyone else in the world would struggle to even dream about. Still, bad decisions cause that money to disappear faster than Usain Bolt out of the starting blocks.

It is about time these men start taking responsibility and better care of themselves. "Making it rain" does not last forever.


Everyone's thoughts? I for one DON'T feel sorry for him...

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September 20th, 2012, 4:50 pm
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Post Re: Vince Young.. broke...
wow...i...never...would...have...guessed...Vince Young...would be...ire......irresp...I cant even finish that statement! OF COURSE he's broke. I'd be SHOCKED if he was responsible to invest wisely. everything about the guy has always screamed "im special. the rules dont apply to me."

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September 20th, 2012, 5:18 pm
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Post Re: Vince Young.. broke...
http://espn.go.com/nfl/story/_/id/84038 ... ncial-woes

Quote:
DALLAS -- Former NFL quarterback Vince Young is downplaying what he calls "unfortunate" financial problems caused by the "betrayal" of trusted advisers.

"Yes, I need a job, who doesn't. Yes, I want to be out there playing the game I love and earning a paycheck, who wouldn't?" Young wrote on his Twitter account Wednesday.

Young has been out of a job since he was cut by the Buffalo Bills in August. The tweet came after an Associated Press story detailed a series of legal entanglements over his finances and quoted his attorney as saying of the former Texas star's financial status: "I would just say that Vince needs a job."

Young, who received a contract that guaranteed him $26 million when the Tennessee Titans made him the third player taken in the 2006 draft, also wrote that he is working to rectify financial losses "which stemmed from betrayal by those I trusted most."

Young is suing his former agent, Major Adams, and a North Carolina financial planner, Ronnie Peoples, claiming they misappropriated at least $5.5 million of his money.

Young also alleges that the pair took out a loan for nearly $1.9 million in his name without his knowledge during the NFL lockout in 2011 and kept the proceeds for themselves.

The lender, Pro Player Funding LLC, has obtained a judgment against Young for the balance of the high-interest note, a sum of nearly $1.7 million.

Young was the first client of a company formed by Adams, a Houston criminal defense attorney, and the quarterback's uncle, Keith Young, a former middle school teacher.

Attorneys for Adams and Peoples claim their clients have done nothing wrong and that Young's spending habits have put him deeply in debt.

The Twitter message is the first public comment on the matter from Young, who has declined interview requests.


Betrayal?! How dumb are you!?

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September 20th, 2012, 6:18 pm
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Post Re: Vince Young.. broke...
Well, if he's looking for a job, I can always use someone to clean up the dog crap in my backyard.

That's about all he's good for.

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September 22nd, 2012, 10:33 pm
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Post Re: Vince Young.. broke...
m2karateman wrote:
Well, if he's looking for a job, I can always use someone to clean up the dog crap in my backyard.

That's about all he's good for.


:lol: Send him my way when your done with him, could use my back yard cleaned up myself.

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September 23rd, 2012, 12:29 pm
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Post Re: Vince Young.. broke...
He and TO should get together and practice.

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September 23rd, 2012, 12:47 pm
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Post Re: Vince Young.. broke...
Another QB prospect I was wrong on. That said, I knew that a very athletic QB who could run and throw would soon start to change the game - just turned out to be guys like Cam and RGIII instead.

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September 23rd, 2012, 12:49 pm
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Post Re: Vince Young.. broke...
The difference is Athletic QBs (Cam/RG3) and Athletes that scraped by on Mediocre QB Skills in College (Tebow, Young, Denard Robinson [who we know wills witch tio Rec for pros], etc)


September 23rd, 2012, 3:30 pm
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Post Re: Vince Young.. broke...
The NFL has acknowledged that it is a problem that these young rookies sign these contracts, then somehow find ways to blow through MILLIONS. I know there is a rookie cap, but what if they also instituted a rule that a certain percentage of the guaranteed money from a contract had to be put into some sort of of trust fund that was locked for X amount of years. It would benefit those who seem to think money is toilet paper, and as well provide a nice cushion to those who actually plan carefully with their contracts.

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September 23rd, 2012, 5:31 pm
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Post Re: Vince Young.. broke...
How do you spent $6000 in one night at a TGIFridays? I don't care if he was ripped off by advisers, any moron spending that kind of money doesn't deserve it. He's probably like these other idiots and has 15 high priced sports cars and four luxury houses. Now he can sell them all for pennies on the dollar.

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September 23rd, 2012, 6:46 pm
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Post Re: Vince Young.. broke...
49ers wrote:
He and TO should get together and practice.


Do a tv show like Ocho and TO did..

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September 23rd, 2012, 9:08 pm
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