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Old 04-06-2012, 04:11 PM  
Mr. Laz Mr. Laz is offline
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Warren Sapp files bankruptcy
Sapp files bankruptcy

Posted by Mike Florio on April 6, 2012, 5:40 PM EDT

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Well, if former Saints tight end Jeremy Shockey is going to sue Warren Sapp, he’d better get in line with the rest of Sapp’s creditors.

Sapp, a likely future Hall of Famer, has declared bankruptcy in Florida, according to TMZ.com.

He has filed under Chapter 7, which will result in full liquidation of his $6.45 million in assets (including a “Large Nude women painting” . . . it’s unclear whether the painting or the women are large) to pay his $6.7 million in debts.

According to the filing, Sapp owes the IRS more than $900,000, and hundreds of thousands of dollars in child support.

He lists his current income as $45,000 per month from NFL Network, on a contract that expires in August 2012. (He also has worked for Showtime’s Inside the NFL. It’s unknown whether he’ll continue that assignment in 2012.)

Sapp, who spent 12 years in the NFL with the Buccaneers and Raiders, also claims that he has lost his Super Bowl ring.
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Old 04-06-2012, 06:03 PM   #31
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Is is that hard to understand really? These guys are not exactly Rhode Scholars.


"Rhodes Scholars"
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Old 04-06-2012, 06:04 PM   #32
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"Rhodes Scholars"
That is what he meant by "not exactly".
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Old 04-06-2012, 06:05 PM   #33
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Grow up. Brunell is bankrut too. That lefty played more years and earned more than Sapp did.
Brunell got caught in a Ponzi scheme, or somesuch. Sapp is a deadbeat that has no clue how to manage money. Both are idiots, but Sapp wins that race by a mile.
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Old 04-06-2012, 06:06 PM   #34
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That is what he meant by "not exactly".
Shut up, you. How dare you ruin my perfectly funny post.
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Old 04-06-2012, 06:11 PM   #35
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Shut up, you. How dare you ruin my perfectly funny post.
It wasn't that funny
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Old 04-06-2012, 06:11 PM   #36
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Lol, i dont know how they just blow it all. They know damn well that its a short career, yet they just spend spend spend. They should know from growing up poor that you gotta manage your money!!!!!!!!!!1


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Old 04-06-2012, 06:11 PM   #37
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It wasn't that funny
Noted
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Old 04-06-2012, 06:21 PM   #38
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Old 04-06-2012, 06:27 PM   #39
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Old 04-06-2012, 06:32 PM   #40
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Is there a different Ponzi scheme that Sapp got caucht up in than Brunell?
I don't know, is there?
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Old 04-06-2012, 06:34 PM   #41
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Old 04-06-2012, 06:47 PM   #42
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No there isn't. By your other post, is it Sapps fault that he is bankirupt?


Unless someone had a gun to his head telling him to buy all that shit in his house, I think I'm going to have to say yes. Throw in that he obviously did not employ a CPA despite having millions (or the one he did was just awful), that equals Sapp having noone to blame but himself.
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Old 04-06-2012, 06:49 PM   #43
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Old 04-06-2012, 06:54 PM   #44
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Old 04-06-2012, 07:09 PM   #45
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Is there a different Ponzi scheme that Sapp got caucht up in than Brunell?

Yeah, there are different ones.

For example, you got caught up in one where you lose all your brain cells.
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