Luther Elliss
Former Detroit Lions lineman, who made about $11.6 million throughout his NFL career, declared bankruptcy in 2010 and owed more than $4.4 million in obligations. His debt was primarily comprised of delayed taxes and unpaid mortgage payments. According to the Salt Lake Tribune, he and his wife owe thousands of dollars in debts for things like legal expenses and tuition at a Christian school for their children, among other things. A total of 12 children are raised by Ellis and his wife, seven of them are adopted. According to Fox Sports, the former NFL player had a successful comeback in 2016. Reports from Fox News stated that Ellis was involved in a sports company, coached high school football, and gave speeches where he recounted his own story of his “rise and fall.” He attributes his financial demise to a series of terrible investment decisions and excessive avarice, although he claims to have learned from his mistakes in the process.
Luther Elliss
Vince Young
In 2011, the former star quarterback, formerly dubbed “The Invincible,” filed for Chapter 11 bankruptcy protection with the NFL’s Tennessee Titans, seven years after signing a $26 million contract with the team. Young claims that he didn’t bother to look into his finances until after his NFL career came to an end. A financial counselor and his uncle, whom he chose as his manager, were entrusted with the responsibility of looking after them. Because of his lavish spending (he reportedly spent $15,000 on a single trip to The Cheesecake Factory) and massive debt, he was unable to maintain his multimillion-dollar earnings. Young, on the other hand, was able to turn things around. After clearing his debts and getting a degree in applied learning and development from the University of Texas, he began working as a broadcaster for the Longhorn Network, where he also booked speaking engagements and formed partnerships with several enterprises. Later, he attempted a comeback with the Saskatchewan Roughriders of the Canadian Football League but was released due to an injury.
Vince Young
