How does a player go from earning millions of dollars per year to suddenly becoming broke? As you’re about to witness, it’s quite simple, Excess spending. These god-gifted athletes were once on top of the world, only to have their poor decision-making skills lead them into financial ruin.
Here are some of the more famous cases, which will have you reaching for your budget and your wallet!
01. Mike Vick
The year was 2007, and Michael Vick was an NFL star then almost overnight, he lost everything. The quarterback was found guilty of administering a dogfighting ring at his home residence.
After serving a 23-month prison sentence and facing quite harsh media attention, he lost his hard-earned $130 million league contract and was became nearly bankrupt after paying legal fees, fines, and more.