Found April 15, 2012 on
Larry Brown Sports:
Warren Sapp opened up about the financial problems he’s facing and told the Tampa Bay Times in a recent interview that he opted for bankruptcy over jail.
“Do you think I wanted to declare bankruptcy? Do you think if there was any other way possible I would have done it? It was either this or go to jail. Those were my choices,” Sapp said.
Sapp told the paper he grossed about $60 million during his playing days, but things began going badly in 2005 with real estate deals gone wrong. He was working on a low-income housing project and he says construction began on three houses before buyers had been approved for the mortgages, which is not the way he wanted to order things. The houses went unsold and he ended up owing $1 million to his partners. He says 100% of his lofty wages from NFL Network were garnished for 11 months to pay the debts, leaving him with more debts because he was unable to pay his bills.
Sapp also said most of his enormous 240 pair shoe collection was given to him by...
BEST OF MAXIM
PRICE OF FREEDOM
Warren Sapp recently filed for bankruptcy and explained his decision was between that or going to jail, so he made the logical choice.
I think everyone can remember the madness last year when Warren Sapp implied that the Pittsburgh Steelers were too old to be considered an elite team. The Steelers did a great job of proving Sapp wrong both with the teams' overall on field performance and the way that the younger backups stepped up thru injuries. So just as the offseason passes us steadily by and we almost have...
Apparently Warren Sapp filed for bankruptcy last week. The reason Sapp is filing for bankruptcy is because he owes $6.7 million which includes debt to creditors and debt in unpaid child support and alimony. He says he had to file or else he would be subject to jail time.
Sapp currently listed $6.45 million in assets. This includes 240 pairs of Jordan athletic shoes worth almost...
Jason Jones has no intentions of becoming a statistic, or the next Warren Sapp.
The newly-minted Seattle Seahawks defensive lineman is earnestly preparing for life after football even though he's only 25 years old and signed to a one-year contract worth up to $5 million.
Jones took part in Priority Sports and Entertainment's second P.L.A.N. program: Preparing for Life After Football Now.