|09-16-2011, 04:46 AM||#1|
Join Date: Jan 2002
Posts: 40,755Rep Power: 10
Discussion on famous broke sports players
hahahhahahhaha how do these idiots continue to squander millions of dollars? They really need to teach these losers how to better handle money before they get to the pros. smh
Three-time Pro Bowl cornerback Chris McAlister has only been out of the game for a year, and already, he's telling the court system that he's broke.
McAlister is locked up in a child support battle with his ex-wife Marlene, and is trying to get his child support payments lowered. He currently owes her $11,000 per month. In documents filed to the court, claims he can't pay her because he doesn't have any money. From TMZ:
In the docs, Chris -- a 1st round NFL draft pick in 1999 who played in the league for 10 years -- states, "I have been unemployed since 2009. I have no income."
He adds, "I live in my parent's home. My parents provide me with my basic living expenses as I do not have the funds to do so."
This is a guy who's only been out of the game for one year. Who's giving him financial advice, Ric Flair? McAlister's not even officially retired. He spent 10 years with the Ravens, and was once considered one of the best corners in the game. He was with the Saints, in 2009, but didn't see a lot of playing time before being released.
In 2004, he signed a seven-year, $55 million contract. Now, some of that was money that he never saw, and he was released after five years of the contract, so it wouldn't be accurate to say he completely squandered $55 million.
But he did squander plenty. The signing bonus was reportedly $10 million, and it also included a $7.5 million roster bonus for 2005. The year before he signed the contract, he made almost $6 million. The last two years of the $55 million contract, which McAlister didn't see, were worth $8 million each.
As the Baltimore Sun points out, it wouldn't be surprising if McAlister was "broke as a joke" given his hardcore partying habits.
If the name Marlene McAlister sounds familiar, it's because her and Chris' marital issues found their way to TMZ once before. In April of last year, Marlene claimed that Chris kicked her out of his home when she refused to have an abortion.
Roger Goodell can probably go ahead and cross McAlister's name off of his list of guys to invite to speak at the rookie symposium.