Found September 21, 2012 on CJ Sports NASCAR Talk:

Vince Young Explains His Financial Situation -

Former NFL QB 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.

Click here! to Read More...

THE BACKYARD
BEST OF MAXIM
AROUND THE WEB
RELATED ARTICLES

Vince Young supposedly spent thousands a week at TGI Friday’s, Cheesecake Factory, bought out a Southwest flight

Now that Vince Young’s financial struggles have been publicized, the stories about the quarterback’s out-of-control spending are emerging. The Associated Press reported on Tuesday that Young is suing former business advisers and blaming them for his financial problems. He apparently has very little money left despite earning $26 million guaranteed from his playing career, and...

How To Go Broke, by John L. Smith and Vince Young

I’m no Darren Rovell — much to the delight of anyone who has ever met me — but I know a great sports business story when I see one. Or in this case, two. The financial woes of Arkansas football coach John L. Smith and free agent quarterback Vince Young came to light this week, and I’m not sure which tale is sadder. Or funnier, if you’re a sadist. THE JOHN L. FILE Season...

How did Vince Young end up broke?

How could he have been so stupid? The he in question is Vince Young, and what he is accused of being intellectually diminutive about is his finances. This hardly makes him unique among NFL players, T.O. most recently making headlines for plundering through disgusting amounts of cash. Yet the sordid details of VY's financial state leaking out via lawsuit are jarring. The bottom...

Vince Young explains financial woes

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...

Vince Young cites 'betrayal' for financial woes

Former NFL quarterback Vince Young is downplaying the impact of financial problems he says resulted from the ''betrayal'' of trusted advisers. The former Texas star, released in August by the Buffalo Bills, wrote on Twitter: ''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?...

Vince Young says media blowing up financial woes

Stories of athletes losing their millions are pretty common these days. But we usually hear these stories once said athlete retires. Vince Young, currently unemployed but not retired from the NFL, seems to have blown through $26 million – or close to it – in record time (6 years in the L.) Young is blaming [...]

Vince Young Is Also Smart With Money Management

Over the off-season, Vince Young signed a free agent contract with the Bills to serve as the back-up to Ryan Fitzpatrick, but VY was let go just prior to opening weekend when the team traded for his quarterbacking clone, Tarvaris Jackson. While certainly disappointing, Vince Young still reaped the riches of being a high draft pick in the days before the rookie salary cap was imposed...

Financial troubles for Young

By DANNY ROBBINS Associated Press DALLAS (AP) -- Six years after entering the NFL as the third player taken in the draft, Vince Young finds himself without a team and with just a fraction of the money he received from a contract that guaranteed him 26 million. The question is, where did it all go? In an increasingly caustic war of words, attorneys have been arguing for months...

Former Texas QB out of money and the game

DALLAS (AP) -- Six years after entering the NFL as the third player taken in the draft, Vince Young finds himself without a team and with just a fraction of the money he received from a contract that guaranteed him 26 million. The question is, where did it all go? In an increasingly caustic war of words, attorneys have been arguing for months over whether Young is an out-of-control...

Vince Young really loves the Cheesecake Factory

It was reported earlier this week that former Heisman Trophy winning quarterback*, Vince Young, was in deep financial debt, and the alleged victim of some kind of fraud that actually put him in that predicament. But it might be possible that Young has to accept some blame in his monetary woes, especially when it came [...]

Vince young is out of money

Of all the big headlines running throughout a normal NFL week, it'd be easy to miss one about Vince Young. Just 6 years removed from being the 3rd overall pick in the NFL draft and receiving a $26 million pay day from the Titans, Vince Young apparently needs money. “I would just say that Vince needs a job,” Young's attorney Trey Dolezal told the AP in regard...

Vince Young has no money

N-F-faiL: Vince is Broke and Chad is Sorry

Oh Vinny Young. It seems like just a few years ago you were losing your mind as quarterback of the Tennessee Titans. Now, you’re broke, jobless and apparently a future Weight Watchers spokesperson due to a Cheesecake Factory addiction. They grow up so fast! We learned this week that not only did Vince Young squander away $26 million over his six year career, but we also heard...
Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.