The average salary for an NFL player who has only played for one year is $510,000 a year. For the NHL player who only has one year under his belt it’s $525,000 and for the NBA, it’s $845,059. But when they think they’re bigger than life, start meddling with drugs or give their money to the wrong people. Some of these athletes were veterans in the sport and were paid millions and still find a way to flush all their hard earned cash down the drain.
Here are some of the top professional athletes who went from mountains of cash to completely penniless.
8. Vince Young
Estimated earnings: $30.7 million.
Young was a first-round pick by Tennessee back in 2006 and signed a five-year contract with $25.7 million guaranteed. He then signed a one-year deal with the Philadelphia Eagles for $5 million in 2011. But somehow he managed to spend it all, and then some.
The Former NFL quarterback filed for Chapter 11 bankruptcy protection in January, 2014. He only had about 1,500,001 in assets but his liabilities went over $10 million. He even had a $1.8 million loan which accrued to over $2.5 million in interest.
