Originally posted on Bush League Chronicle  |  Last updated 2/12/13
Many have wondered how former University of Texas quarterback Vince Young could end up being broke after signing a massive NFL contract at the age of 23. Well, this latest story told by a former financial advisor of Young's may help shed some light on the matter.Young, the quarterback who’s currently out of the NFL but was the third overall pick of the Titans in the 2006 NFL draft, is currently embroiled in a lawsuit with his former financial adviser. And that adviser testified that Young once took out a loan because he didn’t have enough money to throw himself the kind of birthday party he wanted. Ronnie Peoples, president and CEO of Peoples Financial Service Inc., said in a deposition that between the end of the 2010 season and the start of the 2011 season, Young decided that he had to have a huge 28th birthday bash. And when Peoples told Young that he didn’t have the money, Young instructed Peoples to place a phone call to take out a loan.Young reportedly dropped $300,000 on the festive affair. Yes, $300,000!The lawyer for Young has disputed the allegation, of course. His lawyer claims that People's mismanaged the money of the former national champion.Young has been publicly vying for another shot in the NFL lately, but hasn't had any luck in finding a team that is willing to give him one. This is probably because teams fear Young manages an offense about as well as he does his checking account.Via NBC Sports
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Rams owner buys massive 520,000-acre Texas ranch

Cam Newton explains why he did not dive on fumble

George Karl’s agent rips Kings, wants broadcaster reprimanded

WATCH: Popovich has funny reaction to New Hampshire results

Suns vets pull packing peanut prank on rookie Devin Booker

Teammate gives Manning final completion ball from Super Bowl

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Ole Miss Football cited in 13 of 28 department violations by NCAA

Larry Sanders to consider NBA comeback after other interests stabilize

The NCAAB power rankings

SEC begins crying foul over Jim Harbaugh’s spring break plans at Michigan

Marc Gasol reportedly out indefinitely with broken foot

Patriots waive Montee Ball despite never officially re-signing running back

WATCH: Blackhawks coach walks out of press conference

Greg McElroy: Cam Newton 'quit on his team'

Tennis umpires secretly banned over gambling issues

WATCH: Dancing Kentucky fan slides down rail, fails

Clemson LB has great response to NFL draft analyst's criticism

Former Aggies QB Kyle Allen reveals culture problems at Texas A&M

Roy Williams collapses during game vs. BC

Panthers TE Greg Olsen shaves off his playoff beard

Derek Fisher thanks Knicks in statement

Miami Heat to honor Shaq by retiring his number 32

Oakland Raiders release Nate Allen

B.J. Penn announces he will return at UFC 197

Bring back the Dunk Contest

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

The NCAAB power rankings

Report: Kings to keep coach George Karl

Was Alain Vigneault right about NHL's lack of punishment towards Wayne Simmonds?

Report: Knicks fire coach Derek Fisher

The best and worst commercials from Super Bowl 50

Best and worst from Super Bowl 50

Six best plays from Super Bowl 50

Eli doesn't look thrilled as Peyton wins Super Bowl

Did Beyonce almost fall down during Super Bowl halftime show?

Curry to serve as drummer for Panthers

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker