Steelers backup quarterback Charlie Batch is making out pretty well after going to bankruptcy court this week.
The Pittsburgh Post-Gazette reports that Batch had many of his debts discharged, meaning creditors can’t come after him. His Chapter 7 bankruptcy allows him to keep most of his assets, including his house and his Super Bowl rings. Previous reports indicated that Batch could lose his Super Bowl rings in bankruptcy.
Batch listed $2.3 million in assets and $8.3 million in debts, mostly involving various failed business ventures. Batch has played 13 NFL seasons and likely made well over $20 million, including the $13 million signing bonus he received from the Lions in 2000.
As an active member of the NFLPA*, Batch should speak at the upcoming rookie symposium. Young players could learn a thing or two from a player who made enough money to last several lifetimes, but had to declare bankruptcy before his career ended.