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Clinton Portis Files Bankruptcy. Owes Mom $500K, Blew $43 Mil, Over $5M In Debt
Former RB of the Washington Redskins and the Denver Broncos, Clinton Portis hasn’t played in the NFL since 2012. He made about $43 Million in his playing career that should have sustained him for the rest of his life. The life of an athlete and former athlete could get very pricey and some of them just don’t know how to handle their money during and after their playing career.
Here’s a list of his many debts, Per Deadspin:
Mortgage ‘deficiencies’: $1,223,000
Reporter Nischelle Turner: $500,000
His mother Rhonnel Hearn: $500,000
Domestic support payment: $412,000
Internal Revenue Service: $390,000 (disputed)
Bank of America: $162,000
MGM Grand: $287,000
Cars including BMW, Audi and Dodge Ram: $175,000
Borgata Hotel, Casino and Spa: $170,000
Law Offices: $80,000
Verizon Wireless: $899
Portis also owes four different women for domestic support obligations totaling $412,000. Portis lists only $150 in his checking account.
Let this be a lesson, yet again, to the youngsters to SAVE YOUR MONEY. INVEST. DROP THE CREW AND THE EXPENSIVE CARS. Unfortunately, Portis is not the 1st and definitely won’t be the last athlete to go broke.
H/T – USATODAY