Comments on: Deuce McAllister’s financial woes continue, house set for auction

By: therealmattdaddy

therealmattdaddy — Wed, 14 Dec 2011 19:42:33 +0000

Mark Brunell is in very much the same situation. He is going to have to get a 9-5 job when he retires next year to pay off bad debt from poor business decisions.

By: chazatlas

chazatlas — Mon, 18 Jul 2011 05:08:38 +0000

Why is it that boxers and football players run out and get car dealerships once they get their first big payday?! How many friggin failed “athlete” car dealerships do there have to be for the next crop of idiots to “get it”? If they would just live modestly for the 4-8 yr average career, they would leave the game with millions sitting in the bank.

By: ilovefoolsball

ilovefoolsball — Fri, 15 Jul 2011 22:03:29 +0000

Deuce is a decent fella, he’s not one of those big chain wearing fools. He (as many pro athletes) had many people pulling at him in all directions for money, stuff, all his life.
The families of pro-athletes are usually the biggest deterrent in their life from retiring comfortably, especially in the African American community.
Family members feel a sense of entitlement when a relative of theirs “hits the jackpot” and gets a big contract, that the athlete often has to make hard decisions of letting people go from their life forever or give in and become a provider to so many people with no hope of recouping those $$’s.
Car dealerships were a good investment but as the economy went belly up people started to hang on to their older vehicles and not splurge on a new car like they once did.
The thing I don’t understand is why would you take out a loan on a million dollar mansion? If you’ve made millions in your career why not just pay in cash that way you don’t owe anything and if the s*** hits the fan just sell it and now you can get that money back, in this case he will get nothing for that house and all the money he spent making payments ends up being just a really high cost rental plan.

By: NoWearMan

NoWearMan — Fri, 15 Jul 2011 16:40:32 +0000

And what does Gayle “The Voice of Reason” Sayers have to say? Does he want the NFL to pay for this guys medical for life as well?

I have ZERO sympathy for NFL players.

GO OWNERS!

By: hobartbaker

hobartbaker — Fri, 15 Jul 2011 16:39:41 +0000

McAllister was an ace on the football field. But in the investment field, well………..

By: innerlign

innerlign — Fri, 15 Jul 2011 14:36:00 +0000

His dealership was successful for a time, a lot of car dealerships are feeling the pain, especially ones in Mississippi, where the economy is absolute garbage. Don’t try to use this to paint Deuce as one of those idiot chain-wearing fools. He is not.

By: sean6886

sean6886 — Fri, 15 Jul 2011 14:28:39 +0000

Even though you make 20 million, you should live modestly-especially when you know it won’t last forever. 20 million is a lot of money and could set you up for life.
It’s when you start buying multiple mansions, multiple expensive cars, entourages, vacations via private jets, etc. That’s when you will not be set for life but rather broke early.
Buy a reasonable home, one or two cars, save and invest wisely-not on get rich quick schemes that your so called friends think you should invest in.

By: joetoronto

joetoronto — Fri, 15 Jul 2011 14:03:41 +0000

Investments are a crap shoot, that’s fine, but why not stick a couple of mil in the bank, just in case?

By: schmitty2

schmitty2 — Fri, 15 Jul 2011 13:44:56 +0000

I’m sensing a Tiki Barber style comeback to make some much needed cash

By: mjkelly77

mjkelly77 — Fri, 15 Jul 2011 13:40:41 +0000

Bet he wishes he could reverse some of those purchases of big a$$ cars and expensive bling now.

By: jw731

jw731 — Fri, 15 Jul 2011 12:58:22 +0000

I don’t begrudge professional athletes for making the money they do, it’s what the market value is. It’s when they think since they make so much money, they are businessmen, investors and entrapaneurs that makes me scratch my head. No matter what he does with the rest of his earning years, he will never make what he made as a professional athlete. Sad actually…..

By: maryannwiththeshakyhands

maryannwiththeshakyhands — Fri, 15 Jul 2011 12:51:37 +0000

What the deuce?

By: yzguy431

yzguy431 — Fri, 15 Jul 2011 12:38:58 +0000

maybe these clowns should attend some business classes while they are at university on scholarship.

By: melonnhead

melonnhead — Fri, 15 Jul 2011 12:28:01 +0000

He should have taken a cue from Dez Bryant. Gold is the most secure investment out there right now.

By: vetdana

vetdana — Fri, 15 Jul 2011 12:26:28 +0000

I would like to have 20 million to try and parlay into an investment success, without having to file for bankruptcy.

By: buckhuckster

buckhuckster — Fri, 15 Jul 2011 12:26:07 +0000

Who was his financial advisor? M.C. Hammer?

By: iflounder

iflounder — Fri, 15 Jul 2011 12:22:28 +0000

business investments go belly up sometimes. happens to a lot of people, especially in the last five years. at least he can look himself in the mirror, and know he didn’t piss it away on a big ass chain, 0r something equally stupid.

By: damayan5

damayan5 — Fri, 15 Jul 2011 12:05:43 +0000

Wow that sucks.

I’m a Buc fan but Deuce has always been a favorite player of mine.

By: duanethomas

duanethomas — Fri, 15 Jul 2011 11:59:55 +0000

Car dealerships, nightclubs, sportsbars, record labels, clothing companies are investments athletes should stay away from unless they are passive investors or being paid for the use of their names.

By: kom2k10

kom2k10 — Fri, 15 Jul 2011 11:57:18 +0000

The problem is that he only made about $20 million during his career! C’mon owners! Man up and pay these men! If the players could keep 55% of the revenue, he could have earned $22 million and none of this would have happened! Lol