Vince Young Says Betrayal The Source Of His Financial Woes
Vince Young is trying to downplay his financial troubles. A recent report from the Associated Press detailed his financial legal entanglements and quotes his attorney as saying, ”I would just say that Vince needs a job.”
A job indeed!
Vince Young was cut from the Buffalo Bills and is now unemployed. He once had a contract that guaranteed him $26 million with the Tennessee Titans, so the thought of him being almost broke seems unbelievable. Young tweeted that he is working to rectify financial losses ”which stemmed from betrayal by those I trusted most.”
He is currently suing his former agent, Major Adams, and a North Carolina financial planner, Ronnie Peoples, claiming they misappropriated at least $5.5 million of his money. Young also alleges that the pair took out a loan for nearly $1.9 million in his name without his knowledge during the NFL lockout in 2011 and kept the proceeds for themselves.
Attorneys for Adams and Peoples claim their clients are innocent and that Young’s own bad spending is the reason he’s in this financial mess and deep in debt.
I believe this is more likely a mix of both. While I suspect there were some misapporpriations of funds, I also believe the Vince Young likely spent his money in all the wrong places. Financial troubles are like a bad virus amongst NFL players who get too much too young. Many people blame the leauge for not educating players, but the NFL Player’s Association does provide financial advisors and experts to help those who want it–but that’s the glitch. Most don’t want it.
Playing the most popular sport in the United States makes most football players feel like celebrities, and they forget they are also the lowest paid amongst professional athletes. Getting $20 million at 22 years old makes it very difficult to understand or comprehend the notion fo planning, because, really, who could spend that kind of money?
Apparently they can, and they do. While thist story is sad, it’s not shocking. Vince Young joins a long list of current and/or former NFL players who join Young when he tweeted:
”Yes, I need a job, who doesn’t. Yes, I want to be out there playing the game I love and earning a paycheck, who wouldn’t?”
With his history of mental illness I’m not sure how Young would fair with ongoing financial struggles. I hope, for his sake, he can recover some of his losses and get back on the field.
Your Jersey Girlfriend,