12 Athletes Who Blew Through Their Money

We’ve all seen their smiling faces, lit up by the white hot spotlight of a press conference, shaking hands with an owner/GM as they agree to the “big contract.” In the era of free agency, in particular, it is commonplace to see an athlete of prodigious talent sign a big money, long-term deal after playing for rookie bucks. The team is happy, the player is happy and usually the fans are happy. It’s when these athletes start spending the big bucks that largesse, youthful exuberance and just plain stupidity and ignorance cause that money to drain away — fast. Once the entourage, hangers-on, financial “advisors”, the taxman and a slew of others have a say, some big name athletes actually go broke, becoming cautionary tales for those coming next. Even with all the evidence to the contrary, wealthy sports superstars find new ways to blow through millions and end up on the skids.

12. Evander Holyfield

The man who took down Mike Tyson, twice, and earned nearly a quarter billion dollars has been taken down by his own largesse. Where to start? First, three expensive divorces and 11 kids by six different moms puts a real strain on disposable income. Then there was the 109-room mansion in Georgia he sold for $7.5 million, but still owed as much as $15 million on. It got worse. He had to auction off most of his prize possessions including an Olympic bronze medal and championship belts to pay down debt. The man once worth a king’s ransom has been listed as worth about a half million now.

(AP Photo/Robert F. Bukaty)

(AP Photo/Robert F. Bukaty)

Next Page
Like SportsBreak on Facebook   |  
More On SportsBreak
  • Top 8 Emotional Moments in Sports

    There is a great line in the movie “A League of Their Own”, when the manager of the Rockford Peaches, Jimmy Dugan, says to one of his ballplayers, “there’s no crying in baseball!” But, contrary to Dugan’s admonishment, there is

  • The Top 10 Cities That Need A Professional Sports Team

    Across America, cities are left with the painful memory of a beloved sports team that is no more. Other cities long for the opportunity to nurture a franchise and give a new club a place to call home.

  • 7 Dumbest Things Athletes Have Done To Jeopardize Their Careers

    Sometimes, all the money and fame in the world can’t keep athletes from doing the stupidest things to endanger their careers.

  • 10 Athletes Losing Their Cool

    The next best thing to watching videoed fails on YouTube is seeing million-dollar athletes absolutely lose their mind. It is some of the best, unscripted television you will ever see and that’s why the greatest meltdowns will forever be ingrained in the annals of sports history.

  • Boy Slapshots Loose Tooth Out of Mouth

    For six-year-old Alex, the Tooth Fairy really doesn’t exist. This kid yanks his own loose tooth out in the most ingenious of ways, with a little help from Mom and Dad. A puck, tethered to his loose tooth, is extracted via a slap shot.

  • 15 Biggest PED Scandals in Sports History

    If you’re Alex Rodriguez, doping has never gotten in the way of a big payday and he is living proof that the old adage “cheaters never prosper” is not entirely true.

  • Kaillie Humphries Win Lou Marsh Award

    Olympic bobsled champion Kaillie Humphries beat out an impressive field to claim the 75th awarding of the Lou Marsh Trophy as Canada’s top athlete. The Calgary native was voted ahead of tennis stars Eugenie Bouchard and Milos Raonic, LA Kings star defenceman Drew Doughty and lacrosse phenom Johnny Powless.

  • 10 Best Rivalries in Sports History

    Great sports rivalries are fuelled as much by geographical proximity, as to individual stars or storied teams going at it in epic clashes for athletic glory. Some resemble military clashes, like the long-standing Army-Navy football game or India vs.

  • 9 Star Athletes Who Shockingly Went Broke

    Managing a pro sports career and managing a money portfolio are mutually exclusive. To the detriment of an unfortunate few.

  • 11 Athletes Who Tried To Be Rappers

    The hip-hop universe goes hand in hand with the NBA. Many of the players have grown up as fans of rap music and it can be heard playing in the background at every arena in the league. Some players (and not just basketball pros) love rap music so much that they decide to try their hand at it. After all, they have the money to produce an album. Here are 11 examples of athletes who attempted to be rappers.

  • 9 Great Sports Verbal Smackdowns

    Sports and trash talk go hand in hand, like PB&J. From little league to the pros, athletes try to get under the skin of their opponents to gain any advantage possible. Whatever the line, we like the ones with a hint of sarcasm, a dash of bravado, a pinch of humour or a smidge of controversy. Here are nine great modern day verbal smackdowns.

  • Top 12 Most Expensive Tickets In Major League Sports

    When it comes to expensive sports tickets, the buck stops here, and here, and here.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>