15 Aug 2005
I'm always amazed at how quickly pro athletes can blow through the millions of dollars they earn. Ricky Williams has made $16 million in his pro football career, and his current net worth is $230,000. Even if he's spent $8 million on taxes, agents, and other such fees, how the hell does a guy blow through another $8 million like that?
He spends $100,000 a year on child support for two of his children (the third lives with him) so if he hadn't started playing again he would have been bankrupt very soon even if he hadn't been required to re-pay the Dolphins his signing bonus.
It's always fun to read an article that can include the sentence, "Williams has often said he doesn't value material things," and then continue to read about his $140,000 1999 Ferrari Modena and the night he blew $20,000 at a casino.
23 comments, Last at 18 Aug 2005, 9:58am by apocalipstick
This week’s Futures is devoted to what Matt Waldman thinks the first round should look like based on his perspective of the game.