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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, 08:28 PM   #61
Buehler445 Buehler445 is offline
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Impossible to answer but I am smarter than Sapp
No argument that Sapp is way dumber than you, but my original point of Sapp would still be ****ing bankrupt even if you were advising him.
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Old 04-06-2012, 08:30 PM   #62
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Shit, I'm smarter than sapp and I just paid seventy five cents for a condom!

You damn skippy
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Old 04-06-2012, 08:31 PM   #63
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Warren Sapp wouldn't be broke right now if he bought everything out of bathroom dispensers like I do.
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Old 04-06-2012, 08:31 PM   #64
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Originally Posted by Buehler445 View Post
No argument that Sapp is way dumber than you, but my original point of Sapp would still be ****ing bankrupt even if you were advising him.

You can't fix stupid my friend, if he didn't listen to them he would not listen to me... I am not a genius, never claimed to be, I live by the principle to spend less than you earn... and thats all I got
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Old 04-06-2012, 08:32 PM   #65
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and he lost his super bowl ring? wow, how can people be so bad with so much money? If my bank account could just have a two million dollar balance, I would certainly figure out a way to never work again and retire comfy forever.
No kidding. If I had a chance to live off a large lump of money, I'd find a way to budget myself over the course of a lifetime. Hell you could live off the interest...very comfortably. The guy's a total idiot.
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Old 04-06-2012, 08:56 PM   #66
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This is surprising, because I always thought that Sapp was pretty smart, other than the drug thing when he was drafted.
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Old 04-06-2012, 08:58 PM   #67
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Not smarter I can understand and maybe share. Please explain "not smarter all revolves around culture" Do you believe Sapp is bankrupt because of his culture, as you put it? Your words, not mine.
I do. It's the way he presents himself and the thugs he chooses to keep around. And the fact he's a tool.
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Old 04-06-2012, 08:59 PM   #68
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This is surprising, because I always thought that Sapp was pretty smart, other than the drug thing when he was drafted.
Yeah, plus he went to Miami. A strong academic program.....

Still, college education is better than none, and I'd contend that some here who haven't gone to college would manage their money a hell of a lot better than this guy.
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Old 04-06-2012, 09:33 PM   #69
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No kidding. If I had a chance to live off a large lump of money, I'd find a way to budget myself over the course of a lifetime. Hell you could live off the interest...very comfortably. The guy's a total idiot.
Out of interest, where you would you invest USD$2M these days safely and make enough interest to live off?
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Old 04-06-2012, 09:45 PM   #70
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Out of interest, where you would you invest USD$2M these days safely and make enough interest to live off?
I honestly have no idea.
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Old 04-06-2012, 09:58 PM   #71
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I honestly have no idea.
It'd be a great problem to have...
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Old 04-06-2012, 10:06 PM   #72
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It'd be a great problem to have...
Yeah no shit man. Whether I was good with money or not, I'm sure I could make Warren Sapp's loot last longer than he did.
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Old 04-06-2012, 10:17 PM   #73
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Old 04-06-2012, 10:54 PM   #74
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Out of interest, where you would you invest USD$2M these days safely and make enough interest to live off?
I don't think you could, because the taxes would eat it alive, imo.
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Old 04-06-2012, 11:40 PM   #75
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Seriously, part of a team's contract when they draft a guy should be classes with a financial advisor or something, the league should mandate that. If they don't already.
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