Warren Sapp Files For Bankruptcy
Warren Sapp, former NFL star and NFL Network anchor has filed for bankruptcy. No, I'm not gonna poke fun at him...I like Warren Sapp. What I don't get is how he needs to needs to file for bankruptcy when he earns a reported $115,881 A MONTH. A MONTH.
Well, apparently here's why. Warren owes more than $6.7 million to creditors and back child support and alimony.
According to USAtoday.com "Sapp's average monthly income is $115,881, according to the filings, and includes $45,000 for a final contract payment with Showtime, $48,000 for an appearance with CCA Sports and $18,675 as an advance for a book deal. His contract with the NFL Network ends in August, the filings show, and it was unknown if the contract will be renewed." In the bankruptcy filings, he also reports "$6.45 million in assets that includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth $1,200. He also reported losing his 2002 Super Bowl ring with the Bucs and his 1991 national championship ring from the University of Miami."