Discussion in 'Colorado Football Message Board' started by ximianKernel, Sep 18, 2012.
Totally didn't see this one coming.
I thought going bankrupt happened to like 75ish percent of football players within 5 years of retirement so this is not surprising.
Jesus how the **** do you spend $26M in such a short time frame?
I bet he bought 26 million lottery tickets
I don't feel bad for him. In fact, it kinda makes me laugh.
tting a guaranteed 26 million dollar contract, Rose Bowl hero Vince
He has that Texas education to fall back on. Yeah it got him a six on the wonderlic test and he spelled his name wrong but he is at least qualified to be the black Matthew McConaughey
2 words. Wonder lic. His performance on this test told me all I needed to know about Vince young and his after football abilities. And yes I know wonderlic is one word.
Couldn't happen to a nicer guy.
Seriously, folks? Are you bitter about 70-3? Why be happy because he seems to be struggling?
I wish Vince well. His National Championship game performance against USC was the best I've ever seen.
That score of 6 on the wonderlic was debunked, wasn't it? The Wikipedia propoganda says it was 16, same score as Dan Marino.
The illigitimate child alligation is unfounded, too. The DNA paternity test proved that baby wasn't his.
Now if only I could argue away 70-3...
I always liked the guy
As much as I am for freedom, and not letting "the man" dictate your finances, I've wondered if pro sports should re-structure how they pay players. Maybe instead of handing some 22 year old stacks of hundreds, they should only get a fraction of that amount (say 20%), and then have the rest placed in some account that they can't touch. Then it pays them a monthly amount, say 2% of the original value a month for the rest of their lives.
Maybe they wouldn't be able to buy 14 cars, or help out their friends, or start companies with strangers, but maybe we wouldn't hear as much about these guys going broke <3 years after being out of football.
A $1 mil signing bonus, say 400k after taxes. So they get 80k for writing their name on a piece of paper. Not too shabby. That'll still get ya a lot of strippers and champagne. 2% of 320000 bucks is 6400$ in their pocket a month. That should be plenty. It'll last them 40+ years.
These stories, although sad, just make me upset. Blowing through 26 million dollars in a lifetime is impressive, but doing it in the amount of time a boy band is famous is just ridiculous. Sorry Vince, no sympathy from me. Put a mil in a mayonaise jar and bury it in your backyard and you'd be set for life.
He never wanted to be educated, so he's not. He's got a steakhouse "chain" in Austin that takes reservations. In Austin. Reservations. Where cut-offs are always acceptable. Shirts are usually welcomed, sleeves don't matter. But in Austin... reservations. Someone's sold him a HUGE bill o' goods about pretentiousness and he never wanted to be educated. Well, enjoy it. I'm sure he's been ripped off by every advisor he hired - that's what panhandlers are called when they arrive in a suit and tie. They don't ask for spare change. "Make that cashier's cheque payable to..."
These are sad stories. A chance to change things for himself and his progeny at a very young age, while playing a game. A chance most people will never get.
Often the problem is they can't trust the people managing their money. You have to be personally involved, to be sure you are being put in the right investments, etc. You have to know that it is public information that you signed this huge contract and everyone wants a piece. If you are not equipped to deal with your finances, you are likely in serious trouble. Clearly this kid isn't the brightest. He really needed a good, strict, truthworthy money manager.
There is an old saying...a fool and his money are soon parted. Too bad for Vince, but the guy made, what sounds like, a boatload of foolish decisions. He has no one to blame but himself. A career as a bouncer, personal trainer or drive thru guy probably awaits....
He faces a crossroads where he can still turn it around. He can work is butt off to get back on an NFL squad, even as maybe a receiver with his athleticism, and get good money. He can also work the folks down in Texas for endorsments, and speaking fees. There are tons of fat wallets down there that would open for him. The dude has a lot of options if he really wants to turn it around.
Texas has no problem lowering academic standards for the football players; that’s obvious. Not unusual--Jason Kidd at Cal?
However, you might want to check the academic creds and rankings of Texas compared to CU given your “Texas education” comment.
VY was a man playing against kids from pop warner through his last year at UT. He dominated with his combo of size, speed and agility. He is and was a pure baller and practically unstoppable; however, that doesn’t cut it in the NFL. Maybe for one game, or the last drive of a game, but not a 16-game season plus post season. I don’t think VY has the smarts or the work ethic to ever make it as a QB in the NFL.
His financial situation follows a very common pattern for guys coming out of the ghetto. Whatever you don’t spend on cars and houses, give to family and friends to “invest”. The results are always the same.
Every NFL guy should just turn complete control of their financial situation over to an old, cranky, tightwad, conservative, cantankerous, curmudgeon, stick in the mud, pessimistic, drives a 15 year old Buick, been married for 40 years, wears out of fashion clothes CPA.
I think he would have to cut weight to be a receiver.
Do you have business cards?
Ha! I take that as a complement.
Texas boosters take care of their own. He won't be living under an underpass at any time soon. At the very least, he can do what Earl Cambpell did and loan his name out for products.
Every NFL guy should just turn complete control of their financial situation over to an old, cranky, tightwad, conservative, cantankerous, curmudgeon, stick in the mud, pessimistic, drives a 15 year old Buick, been married for 40 years, wears out of fashion clothes CPA. [/QUOTE]
DBT are you looking for a career change........
DBT are you looking for a career change........[/QUOTE]
Other than the "married for 40 years" part, that is nearly a spot-on description of Junction.
tting a guaranteed 26 million dollar contract, Rose Bowl hero Vince
It was a joke. I know that are a good school and better academically and athletically than CU. My one ray of sunshine was we always had our great sense of humor to fall back on. Thanks for killing that too.
Other than the "married for 40 years" part, that is nearly a spot-on description of Junction.[/QUOTE]Does a 15 year old Ford Explorer work?
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