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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, 08:12 PM   #91
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Looks like his education at the U didn't prepare him for personal finance. Shameful.
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Old 04-07-2012, 08:20 PM   #92
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Old 04-07-2012, 08:51 PM   #93
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Jesus...they pay that guy 50k a month for that shit on the NFL Network?!
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Old 04-07-2012, 10:13 PM   #94
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Originally Posted by griZZly64 View Post
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.
What is the rookie symposium about?
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Old 04-07-2012, 11:01 PM   #95
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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"
it's crap that people can use going bankrupt as a loophole to not pay bills

bankrupt laws should be stricter (ie keep house and 1 car shouldn't mean a 10 million dollar house and 300k Lamborghini etc)

also how businesses go bankrupt and screw all the stockholders out of their holdings, by making the stock worthless, only to refile and start selling new shares like nothing happened.
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Old 04-08-2012, 10:27 AM   #96
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it's crap that people can use going bankrupt as a loophole to not pay bills

bankrupt laws should be stricter (ie keep house and 1 car shouldn't mean a 10 million dollar house and 300k Lamborghini etc)

also how businesses go bankrupt and screw all the stockholders out of their holdings, by making the stock worthless, only to refile and start selling new shares like nothing happened.
Agree. I get allowing a person to have a home and transportation, but it should be limited to the average home value in the state, etc.

The idea of being broke inside your mansion is just insulting to the people who have real problems that force them into bankruptcy.
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Old 04-08-2012, 11:25 AM   #97
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NFL Network won't like the bad press on Sapp and you watch they won't renew him in 2012 IMHO.
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Old 04-08-2012, 11:26 AM   #98
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What is the rookie symposium about?
Buildna crib and posse bro !
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Old 04-08-2012, 11:37 AM   #99
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NFL Network won't like the bad press on Sapp and you watch they won't renew him in 2012 IMHO.
that would be so great if they kicked him to the curb... I'd prefer they boot Dukes because he's a worthless pile of fail, but kicking Sapp out will be a nice start.
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Old 04-08-2012, 11:45 AM   #100
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Jesus...they pay that guy 50k a month for that shit on the NFL Network?!
It's affirmative action political correctness with personality especially since the NFL is 80 % black is why you get 'that sh**'.

You see how political correctness is ruining the NFL game over time with the over emphasis on certain hits, rules and so forth. Concussions serious ? Of course but concussions have been around since 1920(inception of the NFL) and now are the major focus and IMHO are veiled with the health of the player but really are avoiding lawsuits from former broke ass players(Sapp e.g.) who still wants that piece of the pie.

Political correctness is why Rush Limbaugh wasn't allowed to be part owner of the St.Louis Rams. I assure you Demaurice Smith(former Obama Lawyer) and now NFLPA head honcho, once he found out that RL was attempting to be part owner went to Goodell and said "if you allow this racist bigot to be an owner I will have all 'my bruthas' strike and ya'll won't have a season and the press will vilify and torch the NFL to no end".

The guy I can't stand even more is Irvin.

Sorry for the rant. I know I got on a soapbox again
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Old 04-08-2012, 11:50 AM   #101
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that would be so great if they kicked him to the curb... I'd prefer they boot Dukes because he's a worthless pile of fail, but kicking Sapp out will be a nice start.
Dukes although can be annoying at times does have some intelligent thought. I'll give him that. But Sapp is just a token black man with an obnoxious take on things.
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Old 04-08-2012, 11:51 AM   #102
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JFC.

You're insane
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Old 04-08-2012, 11:54 AM   #103
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Originally Posted by sportsshrink View Post
It's affirmative action political correctness with personality especially since the NFL is 80 % black is why you get 'that sh**'.

You see how political correctness is ruining the NFL game over time with the over emphasis on certain hits, rules and so forth. Concussions serious ? Of course but concussions have been around since 1920(inception of the NFL) and now are the major focus and IMHO are veiled with the health of the player but really are avoiding lawsuits from former broke ass players(Sapp e.g.) who still wants that piece of the pie.

Political correctness is why Rush Limbaugh wasn't allowed to be part owner of the St.Louis Rams. I assure you Demaurice Smith(former Obama Lawyer) and now NFLPA head honcho, once he found out that RL was attempting to be part owner went to Goodell and said "if you allow this racist bigot to be an owner I will have all 'my bruthas' strike and ya'll won't have a season and the press will vilify and torch the NFL to no end".

The guy I can't stand even more is Irvin.

Sorry for the rant. I know I got on a soapbox again
Don't ever change.
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Old 04-08-2012, 11:55 AM   #104
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Looks like his education at the U didn't prepare him for personal finance. Shameful.
Precisely !!
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Old 04-08-2012, 11:56 AM   #105
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does this really surprise anyone?

IMO, it's akin to a lottery winner being broke after a few years.
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