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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 04-07-2012, 12:16 AM   #76
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Old 04-07-2012, 12:20 AM   #77
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Yeah, WTF? I'd sucks dicks for 45k/mo.
one who sucks the penis....
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Old 04-07-2012, 12:25 AM   #78
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what's the CP over/under on 3 4 being sapp or one of sapp's ill-advisers?
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Old 04-07-2012, 12:31 AM   #79
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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.

I doubt if that would've really helped.

Makes you wonder how many other former players NFL or otherwise are out there teetering on the verge of bankruptcy.

No violins here.
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Old 04-07-2012, 04:03 AM   #80
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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.
I know they hold a rookie event before the season starts where all the rookies are taught how to manage their money by the NFL. I remember reading about the rookies possibly missing out on the event because of the lockout.
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Old 04-07-2012, 04:44 AM   #81
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keep in mind, by filing for bankruptcy in Florida, his house is protected.

He's likely sitting in his several million dollar home while "bankrupt"
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Old 04-07-2012, 05:18 AM   #82
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Alright, then. Who's got the next George Foreman Grill that this guy can hawk?

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Old 04-07-2012, 07:00 AM   #83
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Can he still play NT in the 3-4, 2 gapper? Call the fat fugger up offer him what he is in debt for stop the bankruptcy and print em'
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Old 04-07-2012, 07:08 AM   #84
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Old 04-07-2012, 07:16 AM   #85
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what's the CP over/under on 3 4 being sapp or one of sapp's ill-advisers?
I'm guessing Bobby aka Dexter Manley aka Babin Boy...whatever the hell his name is.
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Old 04-07-2012, 04:31 PM   #86
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I know a lot of people are saying he is making $45,000 a month but i just saw it's a whopping $115,000 a month! I'm not sure which is accurate but either way....DAMN! What a way to piss away so much money and he suddenly loses his rings? I guess either pawned or sold for drugs or in hiding.

Seven-time Pro Bowler and NFL Network analyst Warren Sapp filed for bankruptcy in south Florida. According to the AP, he owes more than $6.7 million to creditors and in back child support and alimony.
His average monthly income tops $115,000. Among his assets? A lot of shoes and a lion skin rug.
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Old 04-07-2012, 06:19 PM   #87
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Old 04-07-2012, 07:05 PM   #88
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keep in mind, by filing for bankruptcy in Florida, his house is protected.

He's likely sitting in his several million dollar home while "bankrupt"
Yep, he can stay there for several years why it drags out paying no mortgage and no taxes on the property.
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Old 04-07-2012, 07:36 PM   #89
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Old 04-07-2012, 07:57 PM   #90
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I still remember him saying " we're playing a kids game and getting paid a kings ransom" theses guys most likely have financial advisors and personal accountants still manage to fudge up there money.
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