Vince Young Reportedly Blew Through His $26 Million Rookie Contract and Is Broke Right Now

Vince Young Reportedly Blew Through His $26 Million Rookie Contract and Is Broke Right Now

Apparently, Terrell Owens isn't the only former NFL player struggling right now.

Six years ago, Vince Young signed a rookie contract with the Tennessee Titans worth about $26 million in guaranteed money after they selected him with the third pick overall in the 2006 NFL Draft. And, in theory, that kind of money should have lasted him forever. But, thanks to a series of bad business decisions—and, according to his lawyer, some unethical acts by his former agent Major Adams and a financial advisor named Ronnie Peoples—VY has blown through just about all of his cash.

"I would just say that Vince needs a job," Young's attorney Trey Dolezal told the Associated Press when asked about his current financial situation. Young was released by the Bills prior to the start of the 2012-13 NFL season after spending last year as Michael Vick's backup in Philadelphia.

But, there is hope for Young to get out of the poor house soon. He claims Adams and Peoples misappropriated about $5.5 million out of his contract, and he's suing them right now to try and get that money back. But, they say Young has been spending his money recklessly for the last six years and that they've never taken a dime from him.

So, who's telling the truth? Well, a judge will decide that. But, it's worth pointing out that Young also owes about $2 million to a company called Pro Player Funding, LLC right now for a loan that he took out during the 2011 NFL lockout. So, something tells us that, even if he does win the lawsuit, this isn't going to end well for him. We hope we're wrong.

RELATED: Money to Blow: A Recent History of NFL Players Going Broke

[via AP]

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