Vince Young Saw Officials Inventory Possessions for $1.7 Million Debt He Owes
Vince Young may soon lose $1.7 million worth of property.
Ex-NFL quarterback Vince Young got quite a wake-up call Monday morning—from Harris County deputy constables armed with court papers to enforce a $1.7 million judgment against him.
The report states three constables showed up at Young's house to begin the process of settling the large debt racked up by the 30-year-old's high-interest loan he took out during the 2011 NFL lockout.
Young—the hero of Texas' 2006 Rose Bowl win which secured the BCS National Championship—saw constables go through the house noting each and every item owned by the former NFL star.
The report does offer that Young will be able to keep $60,000 worth of possessions labeled as "exemptions" in the ongoing process.
Back in September of 2012, it was reported that Young was broke.
When Outkick the Coverage asked for recollections of Young's obscene spending, some rather intriguing reports came trickling forward.
According to the website, Young once spent $6,000 on one meal for himself and pals at—wait for it—T.G.I. Friday's.
Not only that, he once bought all but 10 seats on a Southwest flight back in 2007, which is only slightly less ridiculous than spending $5,000 a week at the Cheesecake Factory, which he apparently did as a rookie.
In most of those crazy tales, the outlying theme was Young picking up the tab for teammates.
Well, where are those teammates now?
This isn't to say anyone getting a free burger from Young should drop him some change. No, this is more of a cautionary tale to other players coming up in the league that they should take care of their money.
If you do, you won't have to take a high-risk loan and worry about the consequences afterward.
KHOU continues with how things went down between the former star and New York firm Pro Player Funding:
Young defaulted on the loan, Pro Player took him to court, and obtained a judgment in July 2012. But ever since, Young has been fighting the judgment, claiming he didn't know what he was signing and was duped by his former financial advisor Ronnie Peoples.
Young's lawyer called the inventory "guerrilla tactics" and attempted to procure a restraining order.
On the flip side, Pro Player Funding's attorney claims this was just the last resort for a company that spent a year trying to recoup its money.
Lastly, we have to answer those who might admonish Young as just another NFL player who spent frivolously and is now paying the price.
Take the case of the Washington Redskins' Alfred Morris, who still drives his 1991 Mazda, as proof that some guys can stay grounded after reaching the NFL.
Sure, driving around an old car might be the extreme, but it shows that some guys get it. You don't go around spending as if the well is endless or the mound of cash has no peak.
Many were astounded the first time they saw Young play football. Now they are just as shocked but for regrettable and unfortunate reasons.
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