It’s not uncommon to hear about former professional athletes coming into money problems after leaving the game, but that doesn’t make it any less sad.
The latest player to fall on hard times is former All-Pro running back Clinton Portis. According to a federal bankruptcy filing, Portis owes nearly $5 million to creditors. One of those creditors just happens to be Portis’ own mother, to which he owes $500,000.
Portis made $43 million during his time in the NFL, which makes you wonder exactly what he wasted money on during his time in the league. The 34-year old owes a mortgage company, the IRS and the MGM Grand Hotel and Casino, among others.
It’s hard for people like you and me to feel bad when someone who seemingly had it made runs into trouble like this. For the people in this situation, though, it’s a clear sign that the extravagant lifestyle being lived just couldn’t be stopped. Again, not something that common citizens are likely to ever feel sorry about.
The filing states that Portis claims to have just $150 in his checking account. He has monthly expenses of $12,800 while bringing in $7,500 per month. That being said, he’s still bringing in $90,000 a year, which is a nice sum for anyone.
Hopefully he gets his act straightened out soon before he winds up in even more financial hell.