Vince Young broke

Discussion in 'NFL Zone' started by RS12, Sep 18, 2012.

  1. RS12

    RS12 Well-Known Member

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    ProFootballTalk ‏@ProFootballTalk
    Six years after getting $26 million guaranteed, Vince Young is broke
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  2. RS12

    RS12 Well-Known Member

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    You can never have a big enough posse, too much jewelry, or too many rims for your rides.
  3. fifaguy

    fifaguy Well-Known Member

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    Crazy how quickly this dude fell off..
  4. moe_214

    moe_214 New Member

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    I can't even feel bad for him, just dumb
  5. MoClaiborne24

    MoClaiborne24 Member

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    How in the world do you blow 26 million dollars. Dude was set, for life.
  6. BlueStar3398

    BlueStar3398 Active Member

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    I read that last year during the lockout, he took out some kind of high-interest, high-risk loan and wasn't able to pay it back.

    Today, he posted on Twitter that he was moving to Texas. And also something about business opportunities down here. I hope he has a good advisor.
  7. jnday

    jnday Well-Known Member

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    This doesn't surprise me in the least bit, but he is one of many.
  8. Cowboys&LakersFan

    Cowboys&LakersFan Benched

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    Not surprising he was always a very talented athlete, but not very smart. I still remember his infamous game winning touchdown against USC in the National Championship Game in 2006. Definitely one of the greatest moments for me as a sports fan. Shame to see one of my favorite Longhorns fall so far.
  9. Manwiththeplan

    Manwiththeplan Well-Known Member

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    easy, spend $26 million, like you have $26 Billion
  10. Idgit

    Idgit If you food, you gonna be ate. Staff Member

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    The league should setup a mandatory trust for these guys and put 10% of their rookie contracts in it at the outset, allowing them to opt-in a larger contribution over time. They might do that already, I don't know. But there's no excuse for these guys growing broke a year after the exit the league. It's ridiculous.
  11. Sarge

    Sarge Red, White and brew... Staff Member

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    Here we go again......
  12. burmafrd

    burmafrd Benched

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    stupid is as stupid does

    there is no excuse. None at all.
  13. BoysFan4ever

    BoysFan4ever Well-Known Member

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    He could get a job at UT starting immediately I imagine.
  14. burmafrd

    burmafrd Benched

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    Greed. Always about greed.

    $26 million invested securely would generate probably $200,000 a year income even after taxes. Maybe more. And he was getting his yearly salary as well. Not sure what that was but probably in the area of at least $500,000 a year. If you cannot live on that you are worthless.
  15. Joshmil53

    Joshmil53 Well-Known Member

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    DAE think lyke, we shud totally brin him in???
  16. Biggems

    Biggems White and Nerdy

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    I wonder how his steakhouse in Austin is doing.
  17. CowboysYanksLakers

    CowboysYanksLakers Well-Known Member

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    This does not come as a shock to me... Sad
  18. InmanRoshi

    InmanRoshi Zone Scribe

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    That's the trouble for a lot of these guys. Think they are "investing" their money with their money people, but they're making really risky investments based on the advice of "money people" who are better pitch men than math men.

    I remember in one of Bill Parcells press conferences he said the first piece of advice he gives to any player is never put money into a restaurant. When I heard the advertisments for that restaurant in Austin, I knew he was going to be in money troubles soon. The restaurant may not have singlehandedly sunk him, but just the fact that he thinks financially backing a restaurant is a good business/investment venture indicates someone who lacks some financial savvy and wisdom.

    Anthony Bourdain's book Kitchen Confidential goes into detail of all the starry eyed restaurant owners he's seen fleeced for millions working in the New York City restaurant scene for 30 years. Restaurants have an atrocious success rate and can be one of the biggest money sinkholes imaginable, and high end restaurants especially so given the food and operating costs. That's not to say that high end restaurants can't succeed, but the ones who typically succeed are run by "lifers" in the restaurant business who have a track record of success operating restaurants at profit and know what they're doing (and even they strike out a good deal). It's not an industry for novices and dabbling part timers and people looking for a vanity asset. There's a lot of charlatan huckster restauranteurs out there who woo financial backing for restaurants stroking the egos of athletes and celebrties who get seduced at the thought of having their name on the sign and their own private room.
  19. erod

    erod Well-Known Member

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    It's been said by people smarter than me that you take all the money in the United States and divide it evenly among every American over the age of 18.....and within five years it would all be back where it started.

    I've come to believe that.
  20. panchucko

    panchucko It's Back

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    Not taking over for Sam Hurd i hope.

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