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Warren Sapp files for bankruptcy: “It was either this or go to jail.”

Well it seems another star athlete who was once swiming in money now finds himself in the shallow end of the money pool. Famed defensive lineman Warren Sapp, who once made about $60 million during his NFL career, has now filed for bankruptcy and says that he had no choice.

Sapp made his first comments on the situation to Tampa Bay Times columnist Gary Shelton and said he was motivated to file for bankruptcy with $6.7 million worth of debt because he didn’t want to go to jail.

“Do you think I wanted to declare bankruptcy?” Sapp told Shelton. “Do you think if there was any other way possible I would have done it? It was either this or go to jail. Those were my choices.”

Wow! That’s some choice. With current state of the economy, most of us are sympathetic to those who find themselves in situations where they feel bankruptcy is their only choice. However, when you gross about $60 million during your active career, compassion seems a little more hard to comeby. Most of us don’t make million-dollas decisions and it seems unfathomable that all that money could go away so quickly.

Sapp says that a bad construction deal, buidling homes in Florida, is what sent his financial situation out of control. I’m thinking whoever advised him that investing in the housing market in the midst of the worst housing crisis in U.S. history is out of control. Further, recent comments by Sapp regarding the NFL bounty scandal caused him to lose his job with the NFL network.

It’s not a good time for Sapp right now. It’s our hope that as he moves forward, he’ll make smarter decisions and surround himself with people who are more interested in his person that his pockets.

Besides, we have to remember that those who have alot of dollars, don’t necessarily have alot of sense.

Your JGF,

~Angela Davis

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