Quote:
Originally Posted by IGGcitable
Of course I know all that, but if you read the story, the idiot is getting taken to court over a $440,000 house he bought in 1994. Christ, sometime in the middle of earning that $96 million, why not just write a check and pay off the house?
That's what happens when you have a below-freezing IQ.  |
I'm guessing it's not his primary residence. If it is, you have to think that his money was going out due to "advances" from his managers/agents.
Seriously, it's simple. They loan-sharked the **** out of him, made the max allowable under the usury statutes (to the cent, I bet), and killed his cash flow.
Besides that, most athletes have no idea where their money goes at the end of the day. My father's an attorney for some *very* well known athletes, especially around here, and his checks are cut/printed by a clearinghouse. They're not even allowed to have debit/credit cards. You'd be surprised what some of these scumbag hangers-on do to their clients.