Comments on: Adviser: Vince Young got a loan to throw himself a $300,000 party

By: defscottyb

defscottyb — Tue, 19 Feb 2013 04:15:52 +0000

That is just sad… sad. I hate to kick a man while he’s down but c’mon. He probably thought he’d play well enough to milk another decent contract or two… and blow that. I don’t claim to be a saint, I lost well over $100K gambling in my life but I smartened up and found GA and AA too. Hope he learns alot from this. Good luck to him.

By: gregmorris78

gregmorris78 — Mon, 18 Feb 2013 04:00:46 +0000

I feel bad for him

I’m sure the eagles dream team symphasizes too…

By: fahmundamahbalsaq

fahmundamahbalsaq — Fri, 15 Feb 2013 22:46:25 +0000

300K can buy a lot of Purple Drank!

By: mezanine10

mezanine10 — Wed, 13 Feb 2013 19:31:28 +0000

Throwing yourself a birthday party and paying for it with money you don’t have???

When did VY become one of the Housewives of Atlanta?

By: azarkhan

azarkhan — Wed, 13 Feb 2013 18:52:22 +0000

…but stupid lasts forever.

By: cantonbound13

cantonbound13 — Wed, 13 Feb 2013 17:29:07 +0000

Perfect example of why gm’s should pay attention to Wonderlick scores.

By: drbob117

drbob117 — Wed, 13 Feb 2013 17:21:47 +0000

I guess those seminars that the NFL has for the players when they enter the league about how to save money didn’t take with VY. It sounds like one of the few guys that “got it” was that OL for the Cowboys( Tryon?), he kept his dough, and tossed all the money grubbers(including those in his family), out of the way.

By: enjoyincubus085

enjoyincubus085 — Wed, 13 Feb 2013 15:55:05 +0000

Sounds like Vince could benefit from a “Peoples Elbow”.

By: tritan306

tritan306 — Wed, 13 Feb 2013 14:58:53 +0000

We should really encourage this behavior.. It’s stimulating the economy.

By: glazerh8er

glazerh8er — Wed, 13 Feb 2013 14:32:10 +0000

This is dumb, but I don’t understand why people get so pissed off about it, lot’s of people got/are getting rich from Vince Young’s stupidity. It’s his money, he can do what he wants, and the lender stupid enough to give him the money must have collateral more valuable.

By: conormacleod

conormacleod — Wed, 13 Feb 2013 14:11:26 +0000

I used to think if I won the lottery I wouldn’t know what to do with all that money. Now I know step 1 is to hire Vince Young. He’ll know what to do with it!

By: bobbybudnick

bobbybudnick — Wed, 13 Feb 2013 14:08:24 +0000

I love this story. 20% interest on a 1.9 million dollar loan, for a 300k party? haha. Maybe you should have went to a finance class while you were at Texas, Vince.

By: itsfootballbaby

itsfootballbaby — Wed, 13 Feb 2013 13:54:28 +0000

Hmmmmm? I wonder why there’s a salary cap in the NFL.

By: skoodsports

skoodsports — Wed, 13 Feb 2013 13:50:36 +0000

Dream team, Dream party!!!

By: khennigan

khennigan — Wed, 13 Feb 2013 13:48:46 +0000

Young: I need $300,000.
Loaner: For what?
Young: A party.
Loaner:What kind of party?
Young: A birthday party.
Loaner: For who?
Young: Me. Wanna come?
Loaner: Sure…waaaiiiittt a second, aren’t you the dummy who called the Eagles the “Dream Team”? I lost a lot of money betting on your team that year.
Young: I’ll pay you to come.
Loaner: How much?
Young: $1,000.
Loaner: Ok, I’ll be there.

By: yyyass

yyyass — Wed, 13 Feb 2013 13:40:43 +0000

And my stock in Wonderlic soars!

By: whatjusthapped

whatjusthapped — Wed, 13 Feb 2013 12:15:27 +0000

University of Texas must be proud. 4 years on their campus and this is the type of profound analytical thinking that they have produced.

By: inkpad619

inkpad619 — Wed, 13 Feb 2013 09:31:36 +0000

that’s nothing. you should see the bill for the after party

By: travel4football

travel4football — Wed, 13 Feb 2013 06:15:13 +0000

How did that guy pass the admission’s test at U of Texas?

By: wwbbsay

wwbbsay — Wed, 13 Feb 2013 06:13:30 +0000

If I was broke and had the Impulsive behavior as VY does that he has to blow 300g’s, I would try to blow it on something I could enjoy for more than one night like a good couch, chances are that’s where the rest of his life will be spent.

Imposter Vince Young should file suit for defamation, he is making him look bad.

By: mrfrostyj

mrfrostyj — Wed, 13 Feb 2013 06:04:45 +0000

Dumb…yes, Irresponsible…. yes, unbelievable…. not at all.

People are thinking about this in the terms of what you and I make. This guy was at the end of his rookie first round pick contract meaning he was probably making more than $300,000 a game. Spending that much compared to what his yearly salary was is the equivalent to you and I getting a payday loan for a weeks pay (Keep in mind NFL players get paid weekly and not in lump sums outside of bonuses).

If you want to find out why he’s broke you need to figure out where the other 24.7 million went. In this case if his financial advisers mismanaged his money he very well might have believed that he was financially ok to do all this when he really wasn’t. The advisers throwing this out there could very well be a smoke screen to make him look like he squandered all his money but one $300,000 party for someone who’s made as much as VY had shouldn’t bankrupt him. Especially if this is the only example they have of extravagant spending from that 8 month period (ask your local congressmen in Washington how much they spend to throw dinner parties, it’ll probably be much more than $300,000).

The biggest issue is why exactly Young didn’t question his advisers the second they told him he couldn’t afford a $300,000 party coming off of making $6.25 million dollars a year for 4 years. According to this statement he wasn’t in any major debt (as they said they had enough to “survive” till the following season) so had he fired them all and got some better people to handle his money he could have banked the money he made in Buffalo and Philly instead of waiting till the well ran dry then crying fowl.

By: timegambit

timegambit — Wed, 13 Feb 2013 05:59:45 +0000

I really wanted an AFX race track for my 8th birthday…Should have looked into a loan instead of bother my parents.

By: duncanthecat

duncanthecat — Wed, 13 Feb 2013 05:45:25 +0000

The Dream Team, an all out open bar, and a bus load of hookers.

What’s not to love!

By: jayquintana

jayquintana — Wed, 13 Feb 2013 05:39:19 +0000

Major difference between Young and Kaepernick and RGIII is the latter two can actually THROW the football.

By: raider17

raider17 — Wed, 13 Feb 2013 05:02:57 +0000

I’m trying to understand why Jamarcus Russell’s name is referenced in regards to this article. This article is about going broke. Call Jamarcus a lot of things, but I’ve never heard of him going broke.

Just Win Baby!!!
Al Davis Forever!!!

By: shlort

shlort — Wed, 13 Feb 2013 04:56:24 +0000

Vince knows his style is the future of the NFL. He’ll be starting somewhere this year and making 20 million a year soon. LOL. He must have been reading PFT and witnessed the hype of the sucess of Kaepernick and figured his style was the future.

By: phillyphannn83

phillyphannn83 — Wed, 13 Feb 2013 04:30:18 +0000

maybe now people will start to realize the whole “dream team” thing was Vince Young and Vince Young alone.

By: kane337

kane337 — Wed, 13 Feb 2013 04:18:42 +0000

This guy spends like the President does.

By: rubicon202

rubicon202 — Wed, 13 Feb 2013 04:17:38 +0000

LOL…can’t throw, forgot how to run, and now remembered he’s broke…welcome to the regular Joe dummy…

By: tampabayirish

tampabayirish — Wed, 13 Feb 2013 04:16:05 +0000

I kind of like the idea of requiring that in every NFL contract (or any pro sport) that something 5% of the money be withheld from the player and held in some kind of trust or annuity that would pay the player that money over the next 10 or 20 years. That way guys like Vince Young would have something left when their careers are over and the fat NFL player game checks are gone. If the NFLPA really wanted to help their membership they would work with with management and make this happen. But that will never happen because the NFLPA would have to admit that a significant percentage of their members can not manage their enormous wealth, even with professional help. If you have not seen ESPN 30 for 30 episode “Broke”, it is shocking how many athletes are truly broke.