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(The Tennessean)   Vince Young says he didn't notice that $1,000,000 of his salary went to pay for a high interest loan that he "probably" signed the documents for, but didn't read, and really shouldn't be responsible for because they were "fishy"   (tennessean.com) divider line 16
    More: Fail, Vince Young, Bryant McKinnie, salary, NFL lockout, documents, loans, Philadelphia Eagles  
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1492 clicks; posted to Sports » on 27 Jan 2013 at 4:58 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-27 02:52:38 PM
A new career for a sharp minded college grad: Personal finance classes for rookie pro athletes being paid too much money for their own good.  Start off at $10,000.00 from each for a 5 session class and $100,000.00 for a season's worth of counseling after.  Do it right and you'll be a millionaire in a year. but then FARK would run out of "stupid rookies who are paid too much for their own good" headlines.

Aren't agents supposed to do something like this in the first place?

I feel bad for Vince Young.  Sometimes.
 
2013-01-27 03:11:51 PM

teto85: Personal finance classes for rookie pro athletes


Trent Richardson is actually (or has mentioned, anyway) working with Jim Brown on this sort of thing. Don't know any details, but I hope it works out. My wife was his HS economics teacher and this made her insanely happy to hear that he was concerned about it.
 
2013-01-27 04:08:11 PM

teto85: A new career for a sharp minded college grad: Personal finance classes for rookie pro athletes being paid too much money for their own good.  Start off at $10,000.00 from each for a 5 session class and $100,000.00 for a season's worth of counseling after.  Do it right and you'll be a millionaire in a year. but then FARK would run out of "stupid rookies who are paid too much for their own good" headlines.

Aren't agents supposed to do something like this in the first place?

I feel bad for Vince Young.  Sometimes.


The only problem is that no one would sign up for the classes.

And yes, an agent should help prepare their clients for this sort of thing. Now check who Vince Young's agent is.
 
2013-01-27 04:49:07 PM
These guys gotta look nice for the draft and training camp. They gotta buy houses and cars. These pro loan guys come in and offer them cash backed on their contracts.
 
2013-01-27 04:52:24 PM
"I went to sign some papers that my financial adviser asked me to go over and sign, but I don't remember what it was," he testified.

Mythbusters "there's your problem."

As I recall Vince had a horrifyingly low Wonderlic test score. This isn't surprising in the slightest.
 
2013-01-27 04:55:55 PM
If I had zero ethics I could easily take financial advantage of young athletes.. I can talk the talk and throw out some really good buzzwords. I'm excellent at Microsoft Excel so I can make all kinds of fun charts and shiat. It would be pretty easy in reality. It would also be 100% legal. These guys need some sort of protection but what can the NFL do? Mandatory classes might help but when a guy who previously made zero now has 8 figures in his checking account he's not really thinking clearly.
 
2013-01-27 05:07:43 PM
Tiny Violin.
 
2013-01-27 05:08:31 PM
I have a friend who worked for UT's football program as a tutor/registration assistant. He says Young is, by far, the dumbest person he's ever come across. The man can barely read. It's a shame we allow these shams to leave any college without the basic skills they need.
 
2013-01-27 05:12:38 PM
One of our high school's biggest failings is a complete lack of financial education. But if kids knew what was what, they'd never take out those lucrative high interest loans.
 
2013-01-27 05:16:08 PM

Unshavenhelga: I have a friend who worked for UT's football program as a tutor/registration assistant. He says Young is, by far, the dumbest person he's ever come across. The man can barely read. It's a shame we allow these shams to leave any college without the basic skills they need.


I have a friend from college who went to HS with JaWalrus.  Dumbest person she ever ran across, could barely read, etc.
 
2013-01-27 05:26:56 PM

robsul82: Unshavenhelga: I have a friend who worked for UT's football program as a tutor/registration assistant. He says Young is, by far, the dumbest person he's ever come across. The man can barely read. It's a shame we allow these shams to leave any college without the basic skills they need.

I have a friend from college who went to HS with JaWalrus.  Dumbest person she ever ran across, could barely read, etc.



How did he get into college? Oh nevermind.
 
2013-01-27 06:05:59 PM

Vectron: robsul82: Unshavenhelga: I have a friend who worked for UT's football program as a tutor/registration assistant. He says Young is, by far, the dumbest person he's ever come across. The man can barely read. It's a shame we allow these shams to leave any college without the basic skills they need.

I have a friend from college who went to HS with JaWalrus.  Dumbest person she ever ran across, could barely read, etc.


How did he get into college? Oh nevermind.


How did he get into college? If he's like any other walrus, I'd say very slowly.
 
2013-01-27 07:05:05 PM
If colleges can require a minimum GPA for athletes in order to participate, why can't a personal finance class be included?

By the time they turn 18, it's too late to make such demands on them.
 
2013-01-27 08:00:04 PM
I feel very bad for Young. I am sure it is painfully obvious to all in his broad circle of trusted friends and advisors, he is not very bright. Fark, his own family took advantage of him. Football was just about the only thing he could do and now that has evaporated. No wonder he became a head-case. Pro Player, LLC really needs to be looked into. They are bottom feeders lining their pockets with concussed athletes bank accounts. This is one time I wish a smarter crook like Madoff would come along and deep six them.
 
2013-01-28 01:14:56 PM
Tell you what I'll do...I give you $2,500 today and from here on out..another $500 every time you catch me.
 
2013-01-29 10:14:22 AM
This is what ESPN's 30 for 30 episode called Broke is all about.
 
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