Dante Culpepper Broke

[CrimsonTider]

just the bonus money

nfl contracts are worthless, only the signing bonus is guaranteed

But still man. 16 million dollars ..My bloodline would end up like the Rothschilds with that kind of money. I don't understand how these cats have foreclosed homes. fukking get a crib for like half a mili and put the rest in the bank.

$500,000 home is more than enough.

Even all the bonus is not guaranteed

Texas has no property tax. Florida has no state income tax.

Texas doesn't have state income tax.

These dudes go broke because they are taking care of so many people.

I have no remorse for any of these players that I hear have went broke after seeing the same story so many times. I don't care what anyone says money wouldn't change me. Of course I would have the finer things in life. But that doesn't mean I would have to have a house on each coast along with dozens or maybe even hundreds of cars. I probably would have two nice houses and maybe 5 or 6 cars at a time. And my cribs wouldn't have to be a 15 or 20 million dollar mansion nether where I wont ever go in half the rooms. I definitely wouldn't pay someone to clean my home and do errands that I could do on my off days. Hearing stories like this and Eddy Curry's makes me think these athletes are just straight idiots and don't realize that after they retire they still have probably another 30 or 40 years to live if they are lucky. If you are a multimillionaire why would you have to take any kind of loan out like Curry did.

:dafukk::dafukk::dafukk::dafukk::dafukk::dafukk::dafukk::dafukk::dafukk:

Why in the hell would you scrub a toilet when you have millions of dollars

 

[MikelArteta]

not surprising, i attended a financial seminar a few weeks ago that this top level accountant did, and he said that out of all the people he deals with the most people in debt and dealing with financial issues are doctors, lawyers, and pro athletes. Because the more you make the more you spend, however doctors and lawyers can practice for like 30-40 years etc., esp if you are a good lawyer or doctor that money will always come in.

for an athlete that ish dries up once you retire, so you go from making like say 5-6 mill a year, to suddenly nothing yet you still spend like your mkaing 5-6 mill and then poof your broke.

daunte culpepper hasnt got a nfl check in nearly 4 years, yet it looks like he was still spneding nad living the life of a dude in the nfl

 

[Reggie]

Even all the bonus is not guaranteed



Texas doesn't have state income tax.

These dudes go broke because they are taking care of so many people.


:dafukk::dafukk::dafukk::dafukk::dafukk::dafukk::dafukk::dafukk::dafukk:

Why in the hell would you scrub a toilet when you have millions of dollars

So you would have those millions of dollars ten years later. Most of these players have girlfriends and wives and they don't work. I be damn if im gonna furnish them a lavish lifestyle and they cant' pick up a cloth and dust or clean the bathroom or cook a meal. That's what a housewife is supposed to do if they aren't bringing in any income.

 

[Momentum]

How athletes go broke:

-Taxes
-Babies
-Lifestyle/Homies
-Buying toys aka non assets like cars, jewels, guns, etc. that you can rarely sell at break even and certainly not at profit
-Big ass homes: average career is 3 years, the money ususally runs out in year 4. fukk you signing a 30 year mortgage for? Buy a modest home cash
-No education: after that career what can you do to make money? Club appearances?
-Shady agents/money managers- snakes in your circle and your pocket

 

[Momentum]

Why in the hell would you scrub a toilet when you have millions of dollars

You obviously don't know any really rich people. Most of them are cheap as hell.

I used to work with a trust fund baby. I was always asking him "why are you working here?" and he was like so I can save my money.

 

[MikelArteta]

How athletes go broke:

-Taxes
-Babies
-Lifestyle/Homies
-Buying toys aka non assets like cars, jewels, guns, etc. that you can rarely at break even and certainly not at profit
-Big ass homes: average career is 3 years, the money ususally runs out in year 4. fukk you signing a 30 year mortgage for? Buy a modest home cash
-No education: after that career what can you do to make money? Club appearances?
-Shady agents/money managers- snakes in your circle and your pocket

honestly alot of these athletes are idiots, be on you rbest behavior with every team you come across so when your career is over, you can get a job at least being a scout making like 50-60k a year, or a assistant somewhere.

 

[MoneyTron]

You obviously don't know any really rich people. Most of them are cheap as hell.

I do and no they aren't.

What they do have are good money managers, common sense, and personal finance skills. Most athletes don't have a good combination of those 3 if any at all.

They don't know where their money is going at any given time.

 

[King Poetic]

with a 1 million dollars alone in the bank the interest u get back a year is at least $50,000 a year. athletes

 

[nomoreneveragain]

He'll survive that NFL Pension will feed his dumbass

with a 1 million dollars alone in the bank the interest u get back a year is at least $50,000 a year. athletes

AI gonna eat good than

 

[KyokushinKarateMan]

Former NFL quarterback Daunte Culpepper has lost his Broward County, Fla., home to a bank in a foreclosure settlement, according to multiple reports.
The 10,000 square-foot house in the Landmark Ranch Estates development was taken by SunTrust Bank in April. In return, the bank forgave Culpepper $3 million in debt, according to the South Florida Business Journal, which was the first to report the news.

The bank dropped its lawsuit against Culpepper earlier this month, the Journal reported. Culpepper had purchased the $3.67 million home in 2006 with a $2.93 million mortgage, the paper notes.
Culpepper, 36, who was raised in Marion County in north-central Florida, signed a $102 million, 10-year deal that included a $16 million signing bonus with the Vikings in 2003, and had a franchise-record 39 touchdowns in 2004.
He struggled with an injury the following season -- torn ligaments in his knee -- and was traded to the Dolphins in 2006. He was offered a $1 million salary in the first year for the Dolphins (with a $7 million signing bonus), and then $51.5 million through 2013.
But Culpepper was released by the Dolphins in the summer of 2007 after undergoing rehabilitation for his second knee surgery. Culpepper started for the Oakland Raiders for one year after leaving the Dolphins, followed by two years as occasional starter for the Detroit Lions. He played for the United Football League’s Sacramento Mountain Lions in 2010.

Daunte Culpepper loses Fla. home to foreclosure

What makes the negro athlete so anti-money.

I just don't understand, and it is hard to sympathize for the brother. I mean, his signing bonus alone could've paid for that home at least 5 times, let alone his actual seasonal salary(ies). I am completely at a loss for any sensible explanation for these types of things. And that makes it hard to feel sorry for those brothers who go through this.

 

[BlvdBrawler]

First thing I'd do if I was rich was buy a house cash.

shyt if I had that much money I'd buy 3 houses cash. 1 to live in and two investments.

 

[BlvdBrawler]

Thank you. F the tax deduction and just buy the house straight cash. First of all, the money would be the house and not in your pocket, so you can't just spend it all crazy. And two, you don't have a bank over your head holding you to a lien. Just pay the property taxes and it's yours. If you go broke, then sell that bytch.

And why was Evander Holyfield still hanging on to that 109 room mansion that's on Evander Holyfield Highway? That fool owed $14M on it and sold it for $7.5M! So why not buy outright? Why you got a damn payday loan on your house?

Evander Holyfield's Foreclosed, 109-Room Palace - Whale Flops - Curbed Atlanta

I cannot believe that nicca is broke. That's nuts.

 

[Dada]

How is it people who have this much money often don't own their own homes? He seemed smarter than this.

 

[Amare's Right Hook]

nikka what are you Craig's uncle brah ?

 

[kash10003]

are we really surprised doe