Former NFL star Warren Sapp has reportedly filed for Chapter 7 bankruptcy protection in South Florida last week. He owes millions of dollars to creditors and in back child support. Sapp has become one of the many pro athletes to go broke.
There have been numerous reports over the past couple of years of professional athletes having to file for bankruptcy, look for part-time jobs at various stores or sell their assets because they have lost it all. Former defensive tackle for the Tampa Bay Buccaneers and the Oakland Raiders Sapp has become one of those individuals.
According to Chapter 7 bankruptcy filing documents first obtained by TMZ.com, the future Hall of Famer owes more than $6.7 million to creditors and in back child support and apparently has lost his 2002 Super Bowl ring.
Among his debts are close to a total of $1 million owed to the IRS from 2006 and 2010, $2,858 in medical bills for Corrective Speech and Language Therapy and hundreds of thousands of dollars owed in child support payments and alimony to at least four different women.
The documents state that he maintains approximately $6.45 million in assets, including $6,500 worth of 240 pairs of Jordan athletic shoes, Nike golf clubs, a $1,200 Lion skin rug, a boxing glove signed by Muhammed Ali, a $2,250 De Grisogono watch and others.
Sapp’s monthly income is $115,881, including $45,000 per month ($540,000 annually) from the NFL Network as an analyst. He was also given nearly $19,000 as an advance for a book deal and $48,000 for an appearance with CCA Sports.
Recently, an audio tape was released of former New Orleans Saints defensive coordinator Gregg Williams informing his players to injure San Francisco 49ers players. Last week, Sapp said in his analysis that it was the “most heinous, egregious thing in the history of this game.”
He added: “The way you play defense isn’t about malice. It’s about putting you in fourth-and-more than you can handle.”
Sapp, NFL Defensive Player of the year in 199, also called Jeremy Shockey, Saints tight end, a “snitch” for prompting the NFL’s probe into the Saints. Shockey later denied the allegation.
Fox Sports now reports that the NFL Network is not going to renew Sapp’s contract when it expires in August.