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Vince Young Had A Guaranteed $26 Million & Still Went Broke?

By 09.19.12

I have no idea how a person could be guaranteed $26 million dollars and be “nearly broke” several years later, but then again everything about Vince Young’s professional football career defied logic. It’s Wednesday and I’m too lazy to sort through the tangled mess but Black Sports Online has full details. Here’s my Spark Notes assessment:

– Vince got a lot of guaranteed money when he signed with the Tennessee Titans as the third pick in the 2006 NFL draft.

– Around the same time, he also signed endorsement deals with Reebok, Madden ’08, and the National Dairy Council said to be worth “another $30 million.” In other words, VY had mucho dinero once upon a time.

– Vince Young had career ups and downs and now has no job. He defaulted on a $1.9 million loan obtained during the 2011 lockout and is now suing his former agent, Major Adams, and his financial planner, Ronnie T. Fields, saying they screwed him.

I have no idea how you get $26 one day and then need $1.90 a few days later so I really can’t understand getting $26 million in 2006 and needing to borrow $1.9 million in 2011. No, it’s not the same in proportion but I already said it’s Wednesday, didn’t I? I have no idea why athletes continue to invest in restaurants and real estate. I’m guessing Pacman Jones and Albert Haynesworth had something to do with being bad influences on rookie Vince and screwing him up. And something about the infamous picture above just has to tie into where some of that $26 million went.

I don’t know any of these things. Just guessing.

Cred: BSO, CBS


TOPICS#NFL
TAGSFEATUREDHEADLINESMajor AdamsRonnie T. FieldsSMOKE BREAKSPORTSVINCE YOUNG

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