Former NFL star Vince Young is not only out of the league, but broke.
His financial fall from grace is extreme even by pro athlete standards.
Six years after joining the NFL as the third player taken in the draft out of the University of Texas, Young has little of the $26 million his contract(s) guaranteed him.
In addition to a lucrative NFL deals, the QB also had endorsements worth another $30 million, deals that included Reebok, Madden '08, and the National Dairy Council.
So what the heck happened?
Young is suing his former agent, Major Adams, and a North Carolina financial planner, Ronnie Peoples, alleging that they misappropriated $5.5 million of his money.
In some instances, the pair forged his signature or impersonated him on the phone or in emails, according to the lawsuit, filed by Young in Houston in June.
"I would just say that Vince needs a job," said Trey Dolezal, Young's attorney, when asked to give a general assessment of his client's finances these days.
"They conspired to take Vince's money," Dolezal added. "It's that simple."
Not according to the accused."This is a person scrambling helplessly and pointing in all directions to blame others to get out of debt," said Charles Peckham, Adams' attorney.
Young was cut by the Buffalo Bills, his third NFL team, in August. He was trying to make them as a backup, the same role he filled with the Philadelphia Eagles in 2011.
Young also contends that efforts to collect his various debts, which included a threat to contact the local sheriff, "played a role" in the Bills' decision to release him.
Follow the above link for a more complete explanation of how someone could lose so much money, but let this be a cautionary tale for all young athletes.