Mo Money, Mo Problems: Athletes Who Lost It All

Vince Young and others who fell on hard times.

The Buck Stops Here - More money does not guarantee a lifetime of happiness. Athletes seem especially prone to financial trouble, as proved by dozens of stars who have filed for bankruptcy over the years. “It’s a legal opportunity for them to restructure their debt. In any event, it’s evidence of a failed financial plan,” says Leo Tucker, a managing partner at Northwestern Mutual, a financial planning agency that specializes in long-term investments among other services. Keep reading to find out how 11 superstars struck it rich and then began to lose it. —Britt Middleton and Dominique Zonyéé (@DominiqueZonyee)(Photo: Diane Macdonald/Getty Images)
Vince Young - Vince Young may have made more than $34 million as an NFL QB, but due to bad investments and overspending he is apparently broke now. Young filed for Chapter 11 bankruptcy in Houston in January stating that his assets are worth between $500,001 and $1 million with liabilities between $1,001,000 and $10 million. He is also facing two lawsuits for a loan taken out during the 2011 NFL lockout.(Photo: CSM/Landov)
Jamal Lewis - Retired NFL running back Jamal Lewis recently filed court documents in Atlanta stating he owes more than $10.5 million to a long list of creditors. Lewis, who won Super Bowl XXXV with the Baltimore Ravens, said he is self-employed and earns $35,000 per month and has about $14.5 million in assets.  (Photo: Greg Fiume/Getty Images) Warren Sapp - In 2004, Warren Sapp signed a $36.6 million contract with the Oakland Raiders. Today, he brings in $115, 881 in monthly income through various ventures. The former NFL Defensive Player of the Year in 1999 filed for bankruptcy in April and owes $6.7 million to his creditors for child support and alimony payments. He reported $6.4 million in assets, which included 240 pairs of Jordan sneakers worth $6,500, but had to sell his 2002 Super Bowl ring with the Tampa Bay Buccaneers. (Photo: Kevin C. Cox/Getty Images for DirectTV)

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The Buck Stops Here - More money does not guarantee a lifetime of happiness. Athletes seem especially prone to financial trouble, as proved by dozens of stars who have filed for bankruptcy over the years. “It’s a legal opportunity for them to restructure their debt. In any event, it’s evidence of a failed financial plan,” says Leo Tucker, a managing partner at Northwestern Mutual, a financial planning agency that specializes in long-term investments among other services. Keep reading to find out how 11 superstars struck it rich and then began to lose it. —Britt Middleton and Dominique Zonyéé (@DominiqueZonyee)(Photo: Diane Macdonald/Getty Images)

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