Vince Young Goes Bankrupt

Apparently he took financial advice from Latrell Sprewell. Former Texas star quarterback and NFL flameout Vince Young has filed for Chapter 11 bankruptcy protection. Young was paid $34 million over six NFL seasons, but has not played a game since 2011, and has been cut by the last two teams to bring him on. His petition estimates assets between $500,001 and $1 million, with liabilities between $1,001,000 and $10 million. Young joins a long list of NFL players to have declared bankruptcy. According to a 2009 study, 78 percent of former NFL players file for bankruptcy or are under severe financial distress within two years of retirement.