Bernie Kosar
Following a costly divorce and a failed steakhouse venture, the former Cleveland Browns quarterback lost everything in 2009. At the time of his filing for bankruptcy, it is reported that he had only $44 in his checking account. Kosar owed $9 million to a bank as a result of unsuccessful real estate endeavors, over $1.5 million in “unsecured debt” to the Cleveland Browns, $3 million to his ex-wife, and $725,000 in personal loans, according to his bankruptcy filing. He also claimed that his father, who was once in charge of his finances, had used some of his money to pay off mortgages and car payments for his siblings and himself. Kosar’s contract with the Browns was for $5.2 million, making him one of the most wealthy quarterbacks in the NFL at the time.
Bernie Kosar
Clinton Portis
Clinton Portis is said to have considered assassinating one of his former financial managers after suffering a loss of millions of dollars in investment opportunities. In 2004, the now-retired Redskins player signed an eight-year contract with the NFL worth $50.5 million, which was worth $50.5 million today. However, he filed for bankruptcy in 2015, only six years after he had retired from the military. At the time of his arrest, Portis owed $412,000 in domestic support to four women, $390,000 to the Internal Revenue Service, $287,000 to the MGM Grand casino, $170,000 to the Borgata, and $500,000 to his mother. In 2019, he and three other former NFL players were charged with healthcare fraud, and the following year, he was indicted on additional charges of wire fraud.
Clinton Portis
