Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida.
Sapp’s $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth $1,200. He also reported losing his 2002 Super Bowl ring with the Bucs and his 1991 national championship ring from the University of Miami.
The court documents were filed in the U.S. Bankruptcy Court in Fort Lauderdale on March 30. TMZ.com first reported the filing. A phone message and e-mail left Saturday with his attorney, Chad Pugatch, were not immediately returned.
Sapp’s average monthly income is $115,881, according to the filings, and includes $45,000 for a final contract payment with Showtime, $48,000 for an appearance with CCA Sports and $18,675 as an advance for a book deal. His contract with the NFL Network ends in August, the filings show, and it was unknown if the contract will be renewed.
Last edited by eltwentyone : 04-09-2012 at 11:47 AM.
2250 on a watch isn't crazy. I know plenty of ppl who spent more. Also 6500 in shoes isn't crazy either when youre a millionaire.
The child support payments must be killing him.
That and alcohol. Every time these celebrities party they spend a ridiculous amount on alcohol. Partying and women probably did him in more than anything else.
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2250 on a watch isn't crazy. I know plenty of ppl who spent more. Also 6500 in shoes isn't crazy either when youre a millionaire.
The child support payments must be killing him.
That and alcohol. Every time these celebrities party they spend a ridiculous amount on alcohol. Partying and women probably did him in more than anything else.
These are probably the valuations right now. He has 240 pairs of Jordans? I haven't seen many Jordans going for $30 a pop. He probably spent about $30,000 on them. That's still not completely outrageous when you consider that he earned tens of millions of dollars, and the shoes may very well have been purchased over a 15 year span.
Also, I don't know anybody who's spent that much money on a watch. It must be a regional thing. Or maybe I'm justing not hanging in the right crowd.
These are probably the valuations right now. He has 240 pairs of Jordans? I haven't seen many Jordans going for $30 a pop. He probably spent about $30,000 on them. That's still not completely outrageous when you consider that he earned tens of millions of dollars, and the shoes may very well have been purchased over a 15 year span.
Also, I don't know anybody who's spent that much money on a watch. It must be a regional thing. Or maybe I'm justing not hanging in the right crowd.
Tons of ppl spend that much and more on a watch. Tag Hueir, Movado, Rolex, Cartier, Baum & Mercier, they all run from 2k up to 10k. My boss wears a 20k Patek Phillipe to work every day.
I have a 1200 baum & mercier, if I didn't, I'd get laughed out of the building. Its kind of like a status thing unfortunately, I hate it but thats just how it is in some places.
My coworker just dropped 5800 on a cartier tank.
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Good, he's always been a Raider hater once he got on NFLN and I'd be happy to see him off T.V. for good. Very good player(on the bucs), horrible T.V. analyst though IMO.
Tons of ppl spend that much and more on a watch. Tag Hueir, Movado, Rolex, Cartier, Baum & Mercier, they all run from 2k up to 10k. My boss wears a 20k Patek Phillipe to work every day.
I have a 1200 baum & mercier, if I didn't, I'd get laughed out of the building. Its kind of like a status thing unfortunately, I hate it but thats just how it is in some places.
I can only wear the leather bands. The metal bands feel uncomfortable. My watch is a brown leather band, with a silver outside, white face, and roman numerals.
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I can only wear the leather bands. The metal bands feel uncomfortable. My watch is a brown leather band, with a silver outside, white face, and roman numerals.
Mine is $30 timex and I bet it does the same thing as yours with less thinking
Mine is $30 timex and I bet it does the same thing as yours with less thinking
Of course it does. Trust me, I really didnt want to spend that much on a watch. I had a seiko before this. But when all the guys around you are wearing 5k watches and you have a 100 dollar seiko, youre the butt of everyone's jokes. And in management, impressions and appearance means alot. Its work politics.
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Of course it does. Trust me, I really didnt want to spend that much on a watch. I had a seiko before this. But when all the guys around you are wearing 5k watches and you have a 100 dollar seiko, youre the butt of everyone's jokes. And in management, impressions and appearance means alot. Its work politics.
I just have a hard time imagining myself sitting down in a meeting and looking at every guy's wrist on the off chance that I might be able to make fun of him for spending money ridiculously.
I mean, assuming they don't call you out and ask to see what brand your watch is, how can they tell what kind you have? Can they just tell at a glance? Wouldn't that mean researching watches so that you can just look at it from any angle and know "Hey, that's a Tag-Hueir" or whatever? What a waste of time. I hope you are well-compensated for such nonsense.
Seriously. Every time I looked at my watch, I would think to myself, "I bought this thing that tells time just like my cell phone does, but I could've bought x instead". X being, you know, a motorcycle, or a new suit, or a guitar, or any one of a number of things I'd rather buy with $5K.
I just have a hard time imagining myself sitting down in a meeting and looking at every guy's wrist on the off chance that I might be able to make fun of him for spending money ridiculously.
I mean, assuming they don't call you out and ask to see what brand your watch is, how can they tell what kind you have? Can they just tell at a glance? Wouldn't that mean researching watches so that you can just look at it from any angle and know "Hey, that's a Tag-Hueir" or whatever? What a waste of time. I hope you are well-compensated for such nonsense.
Seriously. Every time I looked at my watch, I would think to myself, "I bought this thing that tells time just like my cell phone does, but I could've bought x instead". X being, you know, a motorcycle, or a new suit, or a guitar, or any one of a number of things I'd rather buy with $5K.
this is all i picture, with a little less late 80's flair
sorry bigblue. sounds like a dreadful yet monetarily rewarding career. every jobs got there **** parts. i get calluses, get get expensive watches
Last edited by King Carls 5 Year Plan : 04-09-2012 at 03:35 PM.
I'm surprised the watch thing caught so many people off guard. Expensives watches have been used as a status symbol for a long time now in America.
From what he's said in this thread, I wouldn't be surprised if BBD also has some cuff-links or dress shoes with price tag's that would make you cringe as well. When you work in that type of a world, everything has to be top dollar. From your hair cut, to your tie, your watch and even your socks. It's ridiculous, but if you don't follow suit then it doesn't matter how good you are at your job because you'll never get a chance to prove yourself.
Of course it does. Trust me, I really didnt want to spend that much on a watch. I had a seiko before this. But when all the guys around you are wearing 5k watches and you have a 100 dollar seiko, youre the butt of everyone's jokes. And in management, impressions and appearance means alot. Its work politics.
Im sorry you have to work in an environment like that. Thats why I never went into business...it would crush my soul. I work in Manhattan, but as a scientist...we don't deal with any of those soul-destroying excuses for people.
Im sorry you have to work in an environment like that. Thats why I never went into business...it would crush my soul. I work in Manhattan, but as a scientist...we don't deal with any of those soul-destroying excuses for people.
Imclone?
I'm actually a scientist myself. But I work for turds. Theres a ton of arrogance in the science field too.
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