Look What These Dumb Jocks Spent All Their Money On …

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There’s a term out there that describes athletes that we at State Fans Nation Forums absolutely hate. It’s an abhorrent, degrading term used by people who are just haters with no athletic ability. And that term is “Dumb Jock”. A disrespectful term that’s not even accurate, as any pro athlete is absolutely brilliant at the sport they play. However, we’re willing to make one concession on our stance – and that’s when it comes to how some pro spend their money. Yes, we all know today’s pro athletes are paid a fortune to play. And when it comes to managing their money, well, their skills are akin to a fumble, a flop, a brick, a foul out. When 63% of NBA players, and 79% of NFL players file for bankruptcy after making millions of dollars, you know they’ve done something stupid. So while we can’t agree with the term “Dumb Jock”, when we take a look at what some of the highest paid athletes bought with their money (as we’re about to here) – in the moment they decided to fork over their money – we’d have to agree that they’re beyond stupidly dumb! Let’s see what these all-pro idiots bought, shall we…
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Latrell Sprewell

Best known for spangling his coach during practice, former New York Knick hot head Latrell Sprewell also seems to make bad decisions off the court. For starters, back in 2004, The Minnesota Timberwolves offered him a 3-year, $22 million contract, which he declined, then went on to say (quite famously) “I have a family to feed.” Their counteroffer was $0, which at that point Latrell decided to purchases a $1.5 million yacht. With no contract in hand, he was only able to put $200,000 toward the boat before he started to default on the payments. What happened next? The Yacht was repossessed, oh, along with his home being foreclosed. For someone that likes to choke others, that must be hard to swallow.
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Vince Young

Owning one of the most disappointing NFL careers, given his talent in college, Vince Young was still able to secure a $25 million contract with the Tennessee Titans in his rookie year. And just like most young, naive, loaded athletes – Vince went out a bought himself a mansions, luxury cars, and best of all, a private flight from Houston to Nashville where he purchases all 120 seats on the plane so he could sit in privacy. So for a 2-hour flight, Vince thought paying $22,000 for entire plane to himself was money well spent. The irony is that he’s still flying solo, as he’s totally bankrupt. And no one wants to hang out with that kind of a loser.
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Mike Tyson

Over the course of his illustrious, and downright insane career, Mike Tyson amassed over $300 million! And just like most of the athletes on this list, he lost it all and filed for bankruptcy. So how do you lose $300 mil? Well mansion, cars, an entourage, and making it rain in every strip club in town – Mike bought himself not one, but two bengal tigers that cost him $140,000 a piece. But that’s just the tip of the iceberg, as you’ve got to feed them. So there goes $8,000 a month. Oh, and you have to train them – so there goes $125,000 a year. And you need to insure them, and yourself because, well, Tigers can main you to death. So add another $2,000 bi-annually. Talk about a knockout to your bank account, Mike.
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Darren McFadden

Now at the end of his career, Dallas Cowboy Darren McFadden might want to start to consider saving for retirement. And he could do that by not purchasing anymore 1972 Buick Centurions, which he customizes with insanely oversized 32” wheels, a custom 15” suspension lift, and painting a color purple only the Joker from Batman would love. Dumb ride, Darren.
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Gilbert Arenas

When you’re so plagued with injuries that you can’t play anymore and have to retire, like former Washington Wizard Gilbert Arenas – you don’t go out and buy yourself a million dollar pool. One of the most expensive residential pools in history no less. And how, pray tell does a swimming pool cost $1 million? Well, it was $500,000 for the fully functioning waterfall atop its own mini mountain wall. Then, another $500,000 for the underwater entertainment complex, complete with TV, bar, and 3 giant fish tanks that include a shark. Needless to say, Gilbert is now drowning in debt.
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Deuce McAllister

Former Super Bowl champ Deuce McAllister, is quite the loser in the finance department. Just 3 years after retiring, he filed for bankruptcy because of his Nissan dealership investment. Apparently his Mississippi division, which cost him $1.5 million, failed so miserably, he ended up owning Nissan Motors over $7 million when it was all said and done.
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Torii Hunter

Twins pitcher Torii Hunter was pitched to himself. It was an idea for furniture rafts, you know, in case of a flood an all. Torii swung for the fences with an initial $70,000 investment. But the man who pitched him the idea didn’t produce a single thing. Not even a floating futon. And yet, he still had the nerve to come back to Torii and ask for an additional $500,000! Torii finally came to his senses after having a sinking feeling about the floating furniture, and decided to declined.
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Marquis Daniels

If you’ve never heard of Marquis Daniels, it’s because he’s an NBA scrub whose played for 4 different teams, over a 9-year NBA career, making less than $1million a year. While that’s not chump change, it’s not enough to go commissioning a jewelry designer to make a diamond and gold pendant for his necklace made to look exactly like his head. The pendant weighs in a 1300 grams, and cost $100,000 to make. Oh, and for those that don’t realize how heavy 1300 grams is, that’s about 3 pounds. Way to use your head, Marquis.
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Jarrett Jack

These days it’s perfectly normal for men to have shoe fetishes. Especially rappers and ballers, like Brooklyn Nets’ Jarret Jack. Not an all-star by any means, Jarret seems to have no problems spending $375,000 (that’s over 150,000 pairs) on shoes alone. That costs more than most of the houses in America. Now we know about the old woman who lived in a shoe poem, but if Jarret’s game doesn’t improve, the story’s going to be able an old man.
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John Daly

It’s uncommon to hear a golfer blowing through his money like a drunken sailor. But PGA pro John Daly has been known to drink a few too many – not to mention his gambling addiction. Well one day the two combined, and he went to Vegas with his tournament winnings, and in just 5 short hours, lost all of his $1.65 million that he won. Did we mention that his game of choice was the slot machines?
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Larry Sanders

Milwaukee Buck Larry Sanders wanted to treat himself to a very meaningful tattoo after signing a $44 million contract extension. The idea was that on one hand it’d say “Ask”, and on his arm “Receive”. Unfortunately, he asked the wrong tattoo artist as he didn’t know the basic spelling rule of “I before E except after C”, and ended up spelling “Recieve” on his arm instead. Next time Larry, “Ask” to see the artist’s portfolio.
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Arian Foster

Dolphins running back, Arian Foster found himself one day overcome with gratitude, and thought it’d be nice to buy all his offensive lineman (5 of them) one of those neat motorized Segways for protecting him so well during the season. There’s was just one slight problem; the Segway has a weight limit of 250 pounds, where an NFL offensive lineman has a weight limit of 312 pounds. So there goes Larry’s $35,000.
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Reggie Jackson

“Mr. October” (aka Reggie Jackson) is a huge car fanatic – so much so – he even started collecting them before he could even drive. So when he made it to the MLB, he used his Yankee money to amass over 130 cars! Well, he used to own 130. One day a massive fire broke out in one of his warehouses and destroyed 40 of his 130 cars. What did that cost him? $800,000 for the warehouse, and $3.2 million for his cars, for a grand total of $4 million!
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Al Jefferson

A common problem for NBA players is that it’s hard to find a bed that fits them. They’re often too tall, like 7-foot Charlotte Hornets’ center, Al Jefferson. So Al went out and bought himself a custom made bed for $23,000. A 10 foot by 12 foot bed to be exact. The problem with that is that it’s a little excessive, as a King size bed is only 6.3 feet by 6.6 – making Al look a little too small in his.
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Floyd Mayweather

Something tells us that recently retired boxing legend, Floyd Mayweather is on the road to bankruptcy – and fast. If you’ve ever seen him on MTV cribs, you know about the millions he’s spent on cars, home furnishings, and other excessive – but not necessary – luxury items. Items like his custom made diamond encrusted iPod that he spent $50,000 to make. Guess what Floyd, no one uses iPods anymore. So rather than listening to that, you might want to tune into a financial advisor instead.
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Kobe Bryant

While Kobe looks like he’ll be just fine financially, back in 2007 when he was in the midst of his career, he attended the BLUSH nightclub with his wife, where he ran into Antonio Esfandiari (a pro poker player). Well the story is that Antonio and Kobe had this little side game of who can one-up each other with orders of Cristal – a bottle of champagne costing $1,400. Long story short, Kobe won – but lost $21,000 in doing so by ordering 15 bottles, just to show up some poker player no one’s ever heard of.
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Terrell Owens

So we’re going to have to take back what we said earlier, because Terrell Owens is one really dumb jock! How dumb? Well he got the bright idea one day to take $2 million of his own dollars and open a Bingo Hall in his home of Alabama. Problem is that gambling is illegal in the state of Alabama (something a person with half a brain would look into before opening a gambling establishment). It wasn’t long before it was shut down, and just one of a series of sacks to Terrell’s wallet.
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Allen Iverson

Allen Iverson (aka The Answer) made over $150 million over his illustrious NBA career (that’s not including endorsement deals). While he’s known as the king of the crossover, off the court, Allen’s the king of buying insanely expensive jewelry. Just one of his many gold and diamond necklaces cost him $23,000. Allen’s got such a bling addiction, that it was part of the reason why during his divorce proceedings back in 2012, he told the judge that he couldn’t even afford to buy a cheeseburger. His ex-wife (at the time as they’re now back together), sold all his jewelry at a fraction of the cost, just so she could buy their 5 children school supplies
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