Originally posted on Larry Brown Sports  |  Last updated 4/6/12

Warren Sapp made well over $40 million in his football career from salaries and other monies, yet he filed for Chapter 7 bankruptcy in Florida to receive relief from the debt he’s accrued.

According to TMZ, Sapp owes more than $6.7 million to various creditors while he lists his assets at $6.45 million (some problem to have, huh?). Sapp’s paperwork claims the former defensive lineman lost his 2002 Super Bowl ring and his 1991 national championship ring from Miami.

We wonder if Sapp really lost those possessions, or if he’s claiming he has so that he doesn’t have to sell them in the liquidation process.

He reportedly owes around $940k to the IRS and hundreds of thousands in missed child support and alimony payments, which likely won’t be relieved by the bankruptcy filing.

Not only did Sapp completely mismanaged the millions he made during his playing career, but he’s also earning $45k per month and $540k per year as an analyst for NFL Network. He makes more in a month than many people do in a year, yet he’s in debt. That’s pathetic.

Photo Credit: Matthew Emmons-US PRESSWIRE

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