Sometimes when players squander money, it’s not the players who squandered it. Allegedly.
Bill quarterback Vince Young, the third overall pick in the 2006 draft, has sued his former agent and financial adviser for essentially stealing his cash, according to the Houston Chronicle.
Young’s lawyer, Trey Dolezal, explained Monday that the lawsuit aims to determine “what happened to a large sum of money that there’s no accounting for.” Young signed a contract worth at least $54 million with the Titans.
The civil complaint accuses Major Adams, Ronnie T. People, and Peoples Financial services of a variety of violations, including fraud, usury (i.e., charging excessive interest rates), breach of fiduciary duty (i.e., screwing someone they had an obligation to protect), conversion (i.e., taking his money and treating it as their own), and breach of contract (i.e., um, breach of contract).
“There has been at least some evidence that there has been some fraud and some forgeries using [Young’s] name over the last several years that we believe that Major Adams and Ron Peoples are responsible for,” Dolezal said. “We have no idea how much money is missing.” (Those practices didn’t end well for Lane Price. But at least he was able to scratch “kick the crap out of Pete Campbell” off his bucket list.)
Adams, a family friend from Houston, was grossly inexperienced when Young hired him. NFLPA records reveal that Adams, though still certified to represent players, has no clients on active NFL rosters, even as rosters stand at a maximum of 90.
Young has since retained CAA, which also represents Ryan Fitzpatrick, the starting quarterback in Buffalo, and a lot of other players throughout the league. Young likely would call it a Dream Team of clients.