Vince Young files for bankruptcy
Posted by Mike Florio on January 22, 2014, 2:12 PM EST
Eight years ago (yes, it’s been that long), Vince Young was on top of the world. Now, it’s all hitting rock bottom.
Out of the NFL for two full regular seasons, Young has filed for federal bankruptcy protection, according to David Barron of theHouston Chronicle.
Young lists his assets at between $500,001 and $1 million, and his debts at anywhere from $1 million to $10 million. His financial problems began with, or were at least exacerbated by, a large lockout loan that he ultimately didn’t need.
The third overall pick in 2006, Young was the AFC offensive rookie of the year. The honor capped a 12-month period that began with Young leading Texas to a thrilling victory over USC for the NCAA championship.
Dumped by the Titans after the 2010 season, he joined the Eagles in 2011 as the backup to Mike Vick. Young’s biggest contribution may have been coining the term “Dream Team” in his introductory press conference.
Other former NFL players who have filed bankruptcy in recent years include Warren Sapp, Jamal Lewis, Charlie Batch, Mark Brunell, and Vick.