NFL

30 NFL Stars Who Lost Everything

Darren - November 6, 2020

NFL

30 NFL Stars Who Lost Everything

Darren - November 6, 2020

6. Chris McAlister

McAlister went from signing a $55 million contract to living with his parents because he lost all of his money. You almost have to appreciate the sheer frivolity of his ability to spend money. McAlister’s marriage lasted for just three months before the divorce and he also had a child, which didn’t help matters. In the end, he struggled to pay $3000 per month in child benefits.

A Super Bowl champion with the Baltimore Ravens, the former corner played for 11 seasons in the NFL. As we previously stated, he made a fortune but his hard-living ways played havoc with his bank balance. Finally, he depended on his parents to give him an allowance for basic daily living expenses after squandering his massive fortune. It’s a unique and miserable tale.

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5. Bernie Kosar

Kosar was an excellent quarterback for the Cleveland Browns. Furthermore, he won a Super Bowl with the Dallas Cowboys back in the day. The two-time Pro Bowl selection enjoyed a lengthy career and held many records until Tom Brady came along. Furthermore, because of the longevity of his time in the NFL, Kosar made a lot of money. In fact, his millions of dollars in income should have set him up for life.

Unfortunately, Kosar lost almost everything in 2009 when he declared bankruptcy. To sum up, this was like a box-ticking exercise in bad decisions. Firstly, there was a messy divorce that cost him about three million dollars. Then there were some terrible real estate investments and finally, his steakhouse went out of business. In the end, he lost about $15 million and had only about $44 left to his name.

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4. Lawrence Taylor

Many regard Taylor as the greatest defensive player in NFL history, but he definitely wasn’t the most fiscally responsible. If you had a choice between leaving your wallet on the sidewalk and giving it to Taylor to look after, the former would definitely be much safer. A two-time Super Bowl winner with the New York Giants, this linebacker was a force. But his everyday life was very controversial.

Taylor partied hard and went through cocaine like it was sugar. He even claimed that he spent $1,000 per day on drugs alone. That’s not counting his penchant for alcohol or prostitutes. Meanwhile, his company All-Pro Products went bust, while he also served house arrest for tax avoidance. Overall, Taylor’s spending habits and bad investments meant that he lost almost everything.

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3. Terrell Owens

An obnoxious teammate but an excellent player, Owens was a superb wide receiver. Sure, he hated almost every quarterback he lined up beside him but he still made the Hall of Fame after a brilliant career. The six-time Pro Bowler was as flamboyant on the field as he was off it. Meanwhile, he made a massive fortune including an estimated $80 million in salaries from six NFL teams.

However, Owens lost almost all of his massive fortune after living too large. He spent so much money on properties that he ended up paying $750,000 per month on mortgages alone. When the housing market crashed, he couldn’t find renters. Then there was a disastrous entertainment complex in Alabama that was a hammer blow. Owens also made all of the mistakes involving jewelry and fancy cars, but high-risk investments were his biggest problem.

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2. Dermontti Dawson

$70 million. That’s how much Dawson lost in disclosed career earnings. It’s a staggering sum of money, earned from a brilliant NFL career. To be able to lose a fortune that big should almost be admired because the closest most people will come to that amount of money is if they stand outside Fort Knox. However, the seven-time Pro Bowler somehow managed to do exactly that.

When a court declared him bankrupt in 2010, Dawson had debts of over $70 million. But the big problem was that he had less than $1.5 million left in his bank account. Unfortunately, you can’t just pay with a credit card and worry about it later. The housing crash decimated his fortune because the Hall of Famer unwisely put a lot of cash into unsustainable properties. To sum up, it’s the same, sad story.

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1. Michael Vick

Vick’s downfall was one of the most dramatic in sporting history. The former Atlanta Hawks’ superstar changed the quarterback position. However, being brilliant on the field doesn’t necessarily translate to being a great person. After a federal investigation uncovered his dog-fighting ring, Vick served almost two years in prison. Obviously, being in jail doesn’t help you raise the numbers in your bank balance.

Meanwhile, Vick lost all of his major endorsements and had to pay massive legal fees. Furthermore, he had all the mortgages, scandalous purchases, and family support that you come to expect from NFL players. He lost over $130 million before he got out of prison. After leaving jail, he found redemption with a $100 million deal with the Eagles. He cleared most of his debts but was no longer the mega-rich star of old.

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30 NFL Stars Who Lost Everything

30 NFL Stars Who Lost Everything

6. Chris McAlister

5. Bernie Kosar

4. Lawrence Taylor

3. Terrell Owens

2. Dermontti Dawson

1. Michael Vick

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