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Former Philadelphia Eagles Quarterback Vince Young Filed for Bankruptcy

January 25th, 2014 at 11:14 PM
By Scott Erik Anderson

When it comes to being a professional football player, you would think they would have enough money from their lucrative contracts to last them for the rest of their life. That is not the case for former Philadelphia Eagles quarterback Vince Young as he has filed for bankruptcy.

Ray Montgomery / / CC BY

Young was with the Eagles for only the 2011 season and hasn't been on any team's 53-man roster since. He spent his first six seasons with the Tennessee Titans. He also spent the 2012 offseason with the Buffalo Bills and 2013 offseason with the Green Bay Packers.

Young had filed for Chapter 11 bankruptcy protection in a Houston federal bankruptcy court last week. It was noted in the petition that Young currently has somewhere between $500,000 and $1 million. His liabilities were listed between $1 million and $10 million. 

This isn't the first time that Young has had financial trouble. In Young's career, he had earned roughly $34 million and the Associated Press had reported in September 2012 that he had spent a majority of that money. He then defaulted on a high interest loan worth $1.9 million. Young is currently fighting lawsuits associated with the loan.

Young also had endorsement deals with Reebok, Vizio, Madden NFL, Campbell's Soup and the National Dairy Council. The endorsements totaled to roughly $30 million.

Photo credit: Ray Montgomery / / CC BY

Tags: bankruptcy, Football, NFL, Philadelphia, Philadelphia Eagles, Vince Young

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