Comments on: Joey Porter faces foreclosure on Miami home

By: fdugrad

fdugrad — Tue, 19 Mar 2013 00:57:45 +0000

I am a teacher of some forty years and will retire next year. Our pension is far from extravagant, however there are two parts to it. There is a defined benefit part which has to do with number of years in the pension system and the highest three years of your salary. There is ALSO a defined contribution, which is completely separate from the first part. Each and every paycheck, at your choice, a low of 7% to a high of 10% comes out of your monthly check and the teacher has numerous choices from stocks, bonds and cash into which one can direct the funds. ALL teachers participate in both parts and it is mandatory. The money goes DIRECTLY into your account, you never have it in your possession and you can’t invade the money as it accrues. You can change where it goes and how much goes to stocks, bonds, etc. When a teacher retires, along with Social Security, this is your nest egg. All the above is in addition to any other investments you have participated in. Can’t the Player’s Association , in conjunction with the NFL offer something along these lines? I realize the number of years is less, however there must be a way to vest the players and have a percentage of their outrageous salaries also go to a defined contribution part . I honestly didn’t miss the monthly amount deducted from my paycheck, and as for the years building up, I never thought about it, and here it is forty years later. This ongoing story of millions and millions made turning into zilch can’t continue forever. It is clear to me, however SOMETHING has to be done to help these players and protect them from themselves.

By: joewilliesshnoz

joewilliesshnoz — Mon, 18 Mar 2013 19:24:40 +0000

Hey Joey, I’ll give ya 50 grand for the dump.

By: Deb

Deb — Mon, 18 Mar 2013 17:47:57 +0000

Oh, the judges are out in full force today railing about the irresponsibility and stupidity of professional athletes. Nevermind that most lottery winners are average Joes and Janes like themselves and they usually wind up broke, too. Handling large amounts of money is a skill few untrained people can manage, yet somehow all these wannabes imagine they’d do it soooo much better. Right.

Football rivalries are one thing, but there’s something fundamentally wrong with people like jimmymcnultysbottleofjameson who delight in the misfortune of others–whether it’s financial ruin or injury. Sad.

Good luck, Joey.

By: bigbwoy000

bigbwoy000 — Mon, 18 Mar 2013 17:39:23 +0000

@flavordave

You are a pathetic troll. You have a QB that tortured innocent animals for FUN for 6 years. Went to prison for funding an illegal gambling ring. Failed numerous drug tests. Gave an innocent woman a disease she will carry for life after being treated under an assumed name. Lied to anyone & everyone over & over & over. Gave his home fans the finger when his play was so putrid any fans would have booed him. Received a 130M contact then went bankrupt & hid millions in family members names…and you call other teams players names?

Admit it, you are just jealous that they have 6 rings & your team hasn’t won anything in 53 years. Go throw batteries at opposing fans & snowballs at Santa Claus. Go root for your dream team/dynasty/shocking the world POS team!

flavordave=basement dwelling troll.

By: jimmymcnultysbottleofjameson

jimmymcnultysbottleofjameson — Mon, 18 Mar 2013 17:20:17 +0000

HAHAHAHAHAHAHAHHAHAHA

-Baltimore

By: mdagnew1

mdagnew1 — Mon, 18 Mar 2013 17:13:55 +0000

Couldn’t happen to a nicer guy… Todd Heap

By: melikefootball

melikefootball — Mon, 18 Mar 2013 17:09:41 +0000

Hey you may not want to buy a home in that community.

By: joebloww

joebloww — Mon, 18 Mar 2013 17:06:25 +0000

Why spend money like a normal person when you can waste it like Joey Porter.

By: boogerhut

boogerhut — Mon, 18 Mar 2013 17:05:45 +0000

superfuzz1000 says: Mar 18, 2013 12:31 PM

Just out of curiosity, How is this football news? Can we please dispense with such an obvious rumor mill about football players lives. It would be different if you were telling us that he got arrested. At least an arrest could potentially impact his ability to play. Forclosure and bankruptcy news does not belong here, and it is not our business…
————————————————————-
OK, follow along here. He’s a football player. It’s the offseason. Got it so far? He also got caught writing bad checks in Vegas. He’s a football player. It’s offseason. Still with me? He’s made millions and still behaves like a child when people expect some kind of role model thing. He’s a football player. It’s the offseason….. DERP!

By: peytonsneck18

peytonsneck18 — Mon, 18 Mar 2013 17:01:20 +0000

thats why u dont buy multi million dollar homes in a ritzy area of town, 100k sq ft, 30 rooms,10 bathrooms,so many rooms that u dont use 90% of them, and then they buy multiple houses and cars and then get into financial trouble later

By: vikingdoode

vikingdoode — Mon, 18 Mar 2013 16:54:01 +0000

heres a concept buy a house under 200 k… pay it off with no debt…

By: malvaren18

malvaren18 — Mon, 18 Mar 2013 16:52:42 +0000

$45.00 an hour people please.

By: gbmickey

gbmickey — Mon, 18 Mar 2013 16:41:29 +0000

I suspect many of these guys did pay cash for their house but ended up borrowing against the equity when their career was done. Instead of changing their lifestyle by curbing the exhorbent spending they continued on and now it has all caught up to them. Bankruptcy shouldnt even be allowed for people like this.

By: jeremycrowhurst

jeremycrowhurst — Mon, 18 Mar 2013 16:39:26 +0000

I get that most people who got that kind of once-in-a-lifetime money would probably bank it and spend their lives living a three-star lifestyle, with the occasional four-star weekend or vacation.

But if such a person wants to live a five-star lifestyle for a few years, and then finish their days living a two-star lifestyle like the rest of us, is that really so terrible a decision?

All of these players are going to be able to get jobs and earn a living, some a very good living, after football. Is it really THAT bad a thing that they got to live the high life (hopefully not literally) at a time in their life when they could really enjoy it?

By: superfuzz1000

superfuzz1000 — Mon, 18 Mar 2013 16:31:10 +0000

By: shoeflypie

shoeflypie — Mon, 18 Mar 2013 16:30:57 +0000

I understand the concept of walking away from a debt owed on something worth far less than the debt. We need to go back, see how so many (mostly working class folks, but including millionaires) got into this fix in the first place: banks pushing loans to sell more and more to a larger number who did not have the wherewithal to pay for the mortgage. How could we as a culture possibly believe the bubble would never burst. So people are now encouraged to legally walk away from legal debt. The one thing overlooked in this is the fact that the debt doesn’t magically disappear. The common citizen pays, both through more taxes, higher mortgage rates, and depressed prices of their own homes. There is no “away”, there is no free lunch. Somebody has to pay.

By: phinfan

phinfan — Mon, 18 Mar 2013 16:14:03 +0000

Who?

By: scjohnny

scjohnny — Mon, 18 Mar 2013 16:11:53 +0000

Hawaiifunfnull…Not paying the mortgage may not mean Joey is broke but writing bad checks to a casino in Vegas may indicate some financial issues…if he was a good guy its one thing but this guy has been a knuckle head forever good for him.

By: djcoreylee

djcoreylee — Mon, 18 Mar 2013 16:11:33 +0000

Just goes to show you what a bunch of idiots these guys are! If you just put ONE of those millions aside you should be set for a good portion of your life.

By: boogerhut

boogerhut — Mon, 18 Mar 2013 16:10:04 +0000

1st order of business, get a scholarship and get out of the hood. 2nd order, get NFL contract. 3rd order, buy tons of bling, pay all my homies from the hood to hang out and drag me down. 4th order (optional), go back to hood to drive around and show off said bling until shot, robbed, or arrested. If 4th order is pursued then 5th order shall be do whatever it takes to secure more bling.

By: ccjcsr

ccjcsr — Mon, 18 Mar 2013 16:07:11 +0000

I’ll put a spin on this even though I think it’s ridiculous these guys spend out of their means. Maybe it’s damage control, it was going to cost him too much to keep so dump it and move on?

By: db105

db105 — Mon, 18 Mar 2013 16:06:33 +0000

We need more people spending to help the economy. He’s no different from the average American. He’s just doing it at a higher scale.

By: shogunassasin30

shogunassasin30 — Mon, 18 Mar 2013 16:05:27 +0000

Glad none of you are my financial advisors. For starters, you should never buy a home outright. Even if you have the money.

Obviously the people in his ear were smart enough to tell him to take out a loan, but since Joey Porter is an idiot all of his subsequent finacial moves were poor so now..well..Here we are.

By: crownofthehelmet

crownofthehelmet — Mon, 18 Mar 2013 16:00:58 +0000

I love that you $25/hr people are giving financial advice.

By: malvaren18

malvaren18 — Mon, 18 Mar 2013 15:58:11 +0000

How can anyone feel sorry for this guys, they go through millions of dollars like it was nothing, and then go broke. I call that immaturity is time for this boys to become men.

By: assklown

assklown — Mon, 18 Mar 2013 15:50:56 +0000

It easily be a strategic default. Florida is a non-recourse state. He can walk away from the house if he can’t sell it and the bank gets it. It is an easy way to get out of Florida.

His credit would take a hit, but *if* he still has cash, having crappy credit won’t hurt him in the least.

By: drauza

drauza — Mon, 18 Mar 2013 15:47:47 +0000

Maybe Mike Wallace can buy it. You know HE will be responsible with all his millions.

By: jetsfan80

jetsfan80 — Mon, 18 Mar 2013 15:44:01 +0000

Good. He is a piece of garbage

By: blackqbwhiterb

blackqbwhiterb — Mon, 18 Mar 2013 15:40:22 +0000

Typical kid making wayyyy more dough than he knows how to handle. Unfortunately, it seems we read these stories all too often on PFT.com…..

If only they could learn to manage it right, they could play like him 13 seasons and NEVER work again, their kids and even grandkids would be set up for decades. Alas……..

By: ddavis83

ddavis83 — Mon, 18 Mar 2013 15:39:21 +0000

I’m sure we can add another name to that concussion lawsuit.