Jamarcus Russel needs 200k or he loses his mansion

[blackbeSSt]

it's al davis' fault

[stevenash]

Who's is financial advisor?
Latrell Sprewell?

[ronjon619]

Who's is financial advisor?
Latrell Sprewell?

Lenny Dystka

[valaub04]

did any of y'all hear the segment on jim rome yesterday where an NFL player was approached by a teammate about a loan?? dude wanted 100k!! i'm not familiar with what is going on re: payments and potential lockout, but how do you need to "borrow" 100k to make it through the month?

[purecarnagge]

Actually- I'd say he is smart to walk away from his house. He probably has plenty of cash left but his house isn't worth what he owes on it. With a lockout looming and no job prospects why keep pissing money away?

are you stupid they will just sue and get a judgement for the rest and the bank collects anyways.

[lemart5]

How in the hell do you waste $60 million

[Hotdiggity11]

32 million of his contract was guaranteed lol.

[crustyme]

Not as bad as borrowing $460k from a pitcher you normally catch and stiffing him....

http://www.huffingtonpost.com/2009/12/24/chan-ho-park-sues-chad-kr_n_403422.html

[itchypickle]

All those $200k watches and $400K cars....couples with a $4mil house and furnishing it....$100k nights in the VIP of the club..and his posse getting crumbs of his pocket money.....shit ads up....you'd think LSU would have made him take personal finance 101...idiot

[Dirty Sanchez]

Dude will be found face down in a pile of his own puke within a year....a guy like this he should live in Jersey

[chemicalbrother]

These people have no idea how to look after their finances.

"these people", huh?

[crustyme]

Mark Brunell blew $50 million, filing for bankruptcy last year.

Is he one of "these people" too?

[Outlawdino]

He's done financially..I don't pity a fool who blows this amount of $....just shows how why he wasn't intelligent enough to be a pro QB. He's not the only one.

[oiler]

he's in foreclosure...

anyone want to place bets on when he declares bankruptcy? Less than 2 years?

and this is a surprise ,he doesnt belong in the nfl,hes lucky for him to make it as a backup

[jwbama23]

Mark Brunell blew $50 million, filing for bankruptcy last year. Is he one of "these people" too?

He didnt piss away the money. He was in business deals with a couple of guys and since he made the most money of the group his name was on the loans. He essentially got f***ed

[TobiasFunke]

I say he is living in his Mama's house in 6 months.

Either that or the big house...

[crustyme]

He didnt piss away the money. He was in business deals with a couple of guys and since he made the most money of the group his name was on the loans. He essentially got f***ed

He lost his money through bad investments. Just like Scottie Pippen, Deuce McAllister, Latrell Sprewell, and most other bankrupt athletes.

[thechaoz]

Saw this coming a mile away

[Mr KLC]

Jamarcus, repeat after me,

"Would you like to supersize that combo?"

[philswin]

When the Raiders cut you, there is really no other place to go

[MinnesotaFats]

PureCarnage~ Different states have different recovery laws concerning that. I'm sure California is a walk away state- here in MN they can recover the difference, but I doubt J.R. would walk away from any equity or be advised to do so if there was risk of recovery hence short of bankruptcy this is a smart move.

[wtf]

"these people", huh?

thin skinned? you want to cry?

[Johnnythunder]

How else would this have turned out?

[Reno Paul]

Jamarcus doesn't have the talent to make a comeback and get out of a financial hole like Mike Vick.

He'll probably have to downsize to a double-wide.