Posts Tagged ‘Warren Sapp’
WHY DO SO MANY PROFESSIONAL ATHLETES DECLARE BANKRUPTCY SHORTLY AFTER RETIRING?
Posted on: May 2, 2012
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This is a question often raised and the answer is pretty simple. They don’t have a Bobby Brett to handle their finances, as he did for his brother George. When George was playing for the Kansas City Royals, I lived in Kansas City and owned an advertising agency and on occasion hired George to do commercials for my clients. And in order to get that accomplished, I had to go through Bobby, who was his financial adviser and confident. Bobby was a tough person to deal with but he was always straight forward with me and was always truthful. And I believe it was because of his diligence in handling George’s cash flow that helped George to be as successful as he was. When he came to bat, he never worried about his finances because he knew he had Bobby in his corner. Today, both are multi-millionaires and own a couple of minor league baseball franchises in the northwest United States.
It’s too bad Warren Sapp, Michael Vick, Mike Tyson, Johnny Unitas, Bjorn Borg and Mark Brunell didn’t have a Bobby in their corner. It’s been estimated that 78% of all NFL players will declare bankruptcy or face joblessness and divorce a mere two years after they finish their careers.
Citing the rate at which pro athletes declare bankruptcy after their professional careers end, former Major League Baseball player Doug Glanville wrote in one of his magazine columns that the problem lies with the speed at which the money comes in. He advises strong financial and life planning for athletes to avoid money woes after the playing stops. And I advise that they find someone like Bobby to cover their backs.
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According to today’s USA Today: “Some current and former players criticized the unnamed whistleblower who tipped off the NFL to New Orleans’ bounty program. Former defensive tackle Warren Sapp identified former Saints tight end Jeremy Shockey as the ‘snitch.’ Shockey denied the charges via Twitter.”
If Jeremy Shockey was indeed the “whistleblower” he deserves a medal, not condemnation. It took guts to do what he did (assuming he did it) and his actions could well affect the future health and well-being of NFL players who might have been targeted. From my perspective, I think Commissioner Roger Goodell was TOO LENIENT! I would have banned head coach Sean Payton, general manager Mickey Loomis, assistant head coach Joe Vitt and defensive coordinator Gregg Williams, FOR LIFE. And that also goes for any defensive player who may have participated in the Saints’ (or any other teams’) bounty program, including Warren Sapp. One has to wonder if Sapp would have made that comment had he been a former quarterback or running back who, later in life, was confined to a wheel chair because of an illegal hit.
Mind Over Sports 