This article originally appeared on the blog Steelers Depot
Time and time again we hear about NFL players who have mismanaged their money only to wind up in financial trouble. Unfortunately, that has now happened to former Pittsburgh Steelers linebacker Joey Porter, who is reportedly having his Florida home foreclose on.
Brian Bandell of the South Florida Business Journal reports that 1st United Bank filed a foreclosure lawsuit on March 6 against Porter and his wife over their Broward County home that was built in 2006 and purchased in 2007 -- the same year he signed a five-year, $32 million contract with the Miami Dolphins. That contract, as Bandell points out, included a $12 million signing bonus and another $8 million guaranteed money.
Hopefully Porter didn't fall on hard times because ofa gambling problem, but is worth noting that he was arrested in December 2012 and charged with theft and a bad check complaint stemming from $70,000 in IOU markers he owed to the Hard Roc...