Warren Sapp is broke

[Jim in NYC]

"Well, you've been eliminated, but you aren't going home empty handed. Jim, tell him what he wins."

"You've won a free sterilization. And the best part is, you don't have to do anything. We've been directing a 3,000 watt radio emitter at your testicles from under your podium for the past hour."

Totally in favor. But with most of these guys, it's the proverbial barn door repair job...

[TrueNBlue]

usually its not changed until the person is plain broke

If you're not broke already, you will be by the time you lawyer up and go through the legal proceedings of getting your payments reduced. Particularly if the other party wants to drag it out and fight you every step of the way. And a lot of guys don't start the process until they're already swimming in financial hot water, so time isn't on their side.

That said, I'm completely unfamiliar with Sapp's situation and if/when he started becoming delinquent on his support payments.

[NEpats_fan]

No sympathy at all.....

Don't have children and get married or if you do and things don't work out with spouse HIDE IT, LEARN TO LIVE HER MISERY for 18 years rather than pay government idea of child support and or alimony.
(If my kids didn't cost me 2400.00 bucks a month, 130k salary why would they do so now that I am divorced. God forbid you have pay alimony on top).

See the problem isn't that he spent all his money cause as you can see he has the assets/debt ratio which isn't terrible. Rich people, who aren't in the media spotlight do this ALL the time...ALL THE TIME.
It's why they changed the bankruptcy laws.
Still don't have like Sapp the person but as far as finances, it common thing for reach people all over the country that make even MORE money that Sapp. Same with businesses too!!

[Lofaw]

Sapp is a douche bag. He was a great DL, but is a complete Ass as a person. He's also terrible working on the NFL Network and hopefully his contract isn't renewed come August.

[Darrell Green Fan]

Divorce/alimony/child support will cause someone to go broke faster than anything, aside from a gambling addiction. Combined with putting money into high depreciation assets with little to no equity or resale value (cars, clothing). I'm also betting he bought several pieces of property in Florida when the housing bubble was at it's peak.

It really takes a perfect storm of money stupidity to blow through money that quickly.

That "perfect storm" sure seems to happen quite a bit, especially in NBA cities. Amazing coincidence don't 'ya think?

[Yellowknifer]

Wonder if he would be dumb enough to wear them in public ever again? He's committing perjury as it stands right now. Maybe the BK judge could put the press on him and make him do an insurance claim on them, which adds insurance fraud to his rap sheet should he ever "find" them again.

Sapp is playing a dangerous game with the legal system. And I hope he gets reamed for it.

Or he could have lost them in a poker game that went out of control. Or he could have sold them and is trying to avoid paying taxes. Or maybe a relative (close) stole them and he's covering for them because it's family.

There are a few potential scenarios.

[The Beast]

F him. He's just plain stupid. With his finances, with his ****, with all of it. He deserves every bit of misery he gets for his lack of self control in various areas of his life. MANY of us would do anything to earn what this buffoon has earned to date. Jackass.

[TheSeyMonsta]

Don't have children and get married or if you do and things don't work out with spouse HIDE IT, LEARN TO LIVE HER MISERY for 18 years rather than pay government idea of child support and or alimony.
(If my kids didn't cost me 2400.00 bucks a month, 130k salary why would they do so now that I am divorced. God forbid you have pay alimony on top).

I sacrificed my happiness for 16 years to stay with my ex and take care of my kids...And would do it again if needed.

Even though the kids went with me after the divorce and she paid no child support I still had to pay her money from the sale of a home that I lost 120K on...

And I dont make the money he does....

The system is screwed UP!!!!

[TrueNBlue]

Yeah, because of the economic downturn I know a guy who is currently paying three times in monthly child support/alimony than he is currently bringing in revenue. Judge told him 'ability to pay does not take priority over obligation to pay'. The ex-wife says she gave up her career when they married so she could support him while he focused on his, and now is accustomed to a certain lifestyle and doesn't have any marketable skills. What actually happened is after they married she begged and pleaded (against his reservations) to be a stay at home mother because she didn't like having to get up and go to work every morning and didn't like her job. To the best of my knowledge she still hasn't even attempted to find a job since.

Unless things pick up he basically just has to bleed through his life savings until he's flat broke, and then they'll revisit the matter of reducing payments.

[thelittlecheese]

Somewhere, Chad Clifton is laughing.