papazoid Posted April 7, 2012 Share Posted April 7, 2012 Warren Sapp, a future Hall of Famer and current NFL Network analyst, has filed for Chapter 7 Bankruptcy in Florida on claims he racked up millions in debt to several creditors. Sapp owes more than $6.7 million in debt to creditors and back child support and alimony. The outstanding amount outweighs Sapp’s 6.45 million in assets, which will be liquidated as a result of his filing for Chapter 7. Sapp lists his current income as $45,000 per month from NFL Network. His contract with the network expires in August 2012. Over a 12-year NFL career, Sapp made well over $40 million with the Tampa Bay Buccaneers and Oakland Raiders Read more: http://aol.sportingnews.com/nfl/story/2012-04-06/warren-sapp-files-for-chapter-7-bankruptcy-tampa-bay-buccaneers-oakland-raiders#ixzz1rJXJIjVU Link to comment Share on other sites More sharing options...
Best Player Available Posted April 7, 2012 Share Posted April 7, 2012 Warren Sapp, a future Hall of Famer and current NFL Network analyst, has filed for Chapter 7 Bankruptcy in Florida on claims he racked up millions in debt to several creditors. Sapp owes more than $6.7 million in debt to creditors and back child support and alimony. The outstanding amount outweighs Sapp’s 6.45 million in assets, which will be liquidated as a result of his filing for Chapter 7. Sapp lists his current income as $45,000 per month from NFL Network. His contract with the network expires in August 2012. Over a 12-year NFL career, Sapp made well over $40 million with the Tampa Bay Buccaneers and Oakland Raiders Read more: http://aol.sportingnews.com/nfl/story/2012-04-06/warren-sapp-files-for-chapter-7-bankruptcy-tampa-bay-buccaneers-oakland-raiders#ixzz1rJXJIjVU It's tough on 45K a month. Link to comment Share on other sites More sharing options...
Meathead Posted April 7, 2012 Share Posted April 7, 2012 oh come on that is some dumb messed up **** right there Link to comment Share on other sites More sharing options...
NoSaint Posted April 7, 2012 Share Posted April 7, 2012 (edited) They always have crazy alimony and more often 12 kids to support. Sex Ed at the rookie symposium. Edited April 7, 2012 by NoSaint Link to comment Share on other sites More sharing options...
boyst Posted April 7, 2012 Share Posted April 7, 2012 Kind of funny to me, as I have only heard from anyone who's ever met him that he is a giant a-hole. The guy would refuse little kids autographs and stuff. You reap what you sew. Link to comment Share on other sites More sharing options...
Amid Turmoyle Posted April 7, 2012 Share Posted April 7, 2012 Warren Sapp, a future Hall of Famer and current NFL Network analyst, has filed for Chapter 7 Bankruptcy in Florida on claims he racked up millions in debt to several creditors. Sapp owes more than $6.7 million in debt to creditors and back child support and alimony. The outstanding amount outweighs Sapp’s 6.45 million in assets, which will be liquidated as a result of his filing for Chapter 7. Sapp lists his current income as $45,000 per month from NFL Network. His contract with the network expires in August 2012. Over a 12-year NFL career, Sapp made well over $40 million with the Tampa Bay Buccaneers and Oakland Raiders Read more: http://aol.sportingnews.com/nfl/story/2012-04-06/warren-sapp-files-for-chapter-7-bankruptcy-tampa-bay-buccaneers-oakland-raiders#ixzz1rJXJIjVU ...living up to his name ! Link to comment Share on other sites More sharing options...
superbills315 Posted April 7, 2012 Share Posted April 7, 2012 What a joke!!! when u make that much money you should not be able to get bailed out Link to comment Share on other sites More sharing options...
DrDawkinstein Posted April 7, 2012 Share Posted April 7, 2012 They always have crazy alimony and more often 12 kids to support. Sex Ed at the rookie symposium. Magic Johnson got HIV and spent his money to all but cure it, and he is still fine financially. This just proves that pregnancy is the worst STD out there. Link to comment Share on other sites More sharing options...
Dr. Fong Posted April 7, 2012 Share Posted April 7, 2012 Why the hell is the NFL network paying him that much? That's crazy. Link to comment Share on other sites More sharing options...
DrDawkinstein Posted April 7, 2012 Share Posted April 7, 2012 Why the hell is the NFL network paying him that much? That's crazy. Ehh, it comes to $540K/year. Sounds about right for those guys. Link to comment Share on other sites More sharing options...
Dr. Fong Posted April 7, 2012 Share Posted April 7, 2012 Ehh, it comes to $540K/year. Sounds about right for those guys. Sounds like a waste of money to me. Sapp is horrible. Link to comment Share on other sites More sharing options...
papazoid Posted April 7, 2012 Author Share Posted April 7, 2012 i bet he names jaremy shockey as a creditor in a pre-emptive move......it's the only thing that makes sense.....the diff between his assets and liabilities is not that great. Link to comment Share on other sites More sharing options...
San Jose Bills Fan Posted April 7, 2012 Share Posted April 7, 2012 i bet he names jaremy shockey as a creditor in a pre-emptive move......it's the only thing that makes sense.....the diff between his assets and liabilities is not that great. You think Jeremy Shockey is enjoying this news? I bet he's been smiling all day long. Link to comment Share on other sites More sharing options...
T master Posted April 7, 2012 Share Posted April 7, 2012 Warren Sapp, a future Hall of Famer and current NFL Network analyst, has filed for Chapter 7 Bankruptcy in Florida on claims he racked up millions in debt to several creditors. Sapp owes more than $6.7 million in debt to creditors and back child support and alimony. The outstanding amount outweighs Sapp’s 6.45 million in assets, which will be liquidated as a result of his filing for Chapter 7. Sapp lists his current income as $45,000 per month from NFL Network. His contract with the network expires in August 2012. Over a 12-year NFL career, Sapp made well over $40 million with the Tampa Bay Buccaneers and Oakland Raiders Read more: http://aol.sportingnews.com/nfl/story/2012-04-06/warren-sapp-files-for-chapter-7-bankruptcy-tampa-bay-buccaneers-oakland-raiders#ixzz1rJXJIjVU Poor bastard i guess he should have taken some money management courses in college I don't feel bad for any one that has had $40 mil & blown it not to mention that he makes $45 K a month like i said poor bastard !!! Link to comment Share on other sites More sharing options...
San Jose Bills Fan Posted April 7, 2012 Share Posted April 7, 2012 Poor bastard i guess he should have taken some money management courses in college I don't feel bad for any one that has had $40 mil & blown it not to mention that he makes $45 K a month like i said poor bastard !!! See. Marijuana can ruin lives… Link to comment Share on other sites More sharing options...
#34fan Posted April 7, 2012 Share Posted April 7, 2012 Sometimes I wonder why we revere these guys so much. For the most part, they're a bunch of schmucks. Link to comment Share on other sites More sharing options...
Pilsner Posted April 7, 2012 Share Posted April 7, 2012 (edited) It's so simple...so damn simple... Spend less than you make and don't put yourself in a situation that compromises this. Gosh...these fools. No additional education is needed to understand such a simple concept. Self control has a hand in this tho, or lack of it. Well perhaps he will wisen up...or he won't. Edited April 7, 2012 by Pilsner Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted April 7, 2012 Share Posted April 7, 2012 Damn, you guys are all bigots - you just don't "understand" how it all works and that he's just "keeping it real". Sapp says he only has $6.45 million to his name ... and lists all of his assets in the documents ... which include: -- 240 pairs of Jordan sneakers and sandals -- Large Nude women painting -- Lion skin rug (female - lioness) -- Nike golf clubs -- De Grisogono watch (scratch on crystal, nicks and scratches on band) -- A boxing glove signed by Muhammad Ali Link to comment Share on other sites More sharing options...
eball Posted April 7, 2012 Share Posted April 7, 2012 Surprise, surprise -- guys in their 20s and 30s don't know how to act financially responsible when handed a lot of money. No sympathy for Sapp from this observer. Link to comment Share on other sites More sharing options...
Mr. WEO Posted April 7, 2012 Share Posted April 7, 2012 Couldn't have happened to a bigger douchebag. He's now rehearsing his lines for his next job interview: "welcome to the casino at Mohegan Sun, the blackjack tables are to your left." Link to comment Share on other sites More sharing options...
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