Ever wonder how in the hell anyone of these athletes can be broke?? Many of us go through our daily lives paying our bills, scraping to get by and somehow we manage. Then we see these high profile athletes claiming bankruptcy and we’re like how in the hell?!? Well Mike Vick is a prime example of how it happens. Lets take the $30 mill he’s made and gone through since his release.
– $10.9 went to taxes
– $9.2 mil went to creditors
– $2.7 went to lawyers and accountants
– The rest is for various things, including child support and living expenses.
This leaves him about $1.5 Million to live off of until his pay day comes in next year. ($35 mill guaranteed) Now don’t get me wrong, the guy is far from broke, especially for a guy who’s supposedly “bankrupt” …gotta love America. So I guess what I’m trying to say here is, this is a lesson here to all the rookies on the come up. 1. Stay out of JAIL! 2. Wrap up. 3. Ditch the posse. 4. Live your life like this isnt gonna last forever (especially football players). And finally you only need one Bentley. Take some advice from Shaq, he didn’t spend one penny of his NBA paychecks. Yep that’s right he banked it all and lived off his endorsements. Now I’m sure his endorsements were pretty good compared to the rest, but at least he had a plan. He’s done and gone from the NBA and still living very large (pun).