Found February 07, 2013 on Down and Distance:
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Jevon Kearse is in money trouble after just three seasons out of the NFL. (Credit: AP Photo/Mark Humphrey) It shouldn’t come as a surprise to anyone hearing stories about yet another broke ex-NFL star. It’s time to add Jevon Kearse to that club. Michael David Smith of Pro Football Talk reports that Kearse, who played 11 seasons in the NFL as a defensive end for the Tennessee Titans and Philadelphia Eagles, is in some serious money troubles. Kearse took out a $5.25 million mortgage on a home in Florida two years after he purchased the home in 2004. But now the bank that issued Kearse the mortgage, Deustche Bank, filed a lawsuit to foreclose that loan on December 19th. Smith estimates that Kearse earned about $45 million over the course of his playing career, which included two stints with the Titans with a four-year tenure in Philadelphia in the middle. Why Kearse even needed a mortgage is mind-boggling: Kearse bought a 6,064-square-foot home for $6.05 million in 2004 and signed a $5.25 million mortgage on it two years later. Kearse bought the home shortly after receiving a $16 million signing bonus from the Eagles, so it’s odd that he ever needed to take out a mortgage — or at least it would be odd if stories of athletes blowing their millions weren’t par for the course by now. Although Kearse hasn’t spoken publicly about his financial issues, the combination of the IRS and mortgage problems suggests that he’s broke. Furthermore, the South Florida Business Journal’s Brian Bandell says that the IRS found issues with Kearse’s 2010 income and filed a tax lien against Kearse for $432,015 back in November. It’s hard to feel bad for all of these professional athletes who find themselves broke within five years of retirement, after careers in which they make tens of millions of dollars. Kearse never quite was the same player after signing an 8 year, $65 million contract with Philadephia, but “The Freak” still had many great seasons for the Titans. Hey, he’s only 37 in September, maybe there’s time for a comeback. Follow us on Twitter - @DownandDistance Down and Distance Columnist Joe Ray - @jpray_SK  The post Jevon Kearse dealing with IRS, mortgage problems appeared first on DOWN & DISTANCE.
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