Andre Rison’s financial woes featured in ‘Broke’

broke-1

Andre Rison in the promotion of the documentary 'Broke.' Credit: Broke

Former Falcons wide receiver Andre Rison, who made at least $19.120 million in base salaries and signing bonuses over his 12-year NFL career, is among a group of retired athletes to address their financial problems in “Broke,” a ESPN documentary ESPN directed by Billy Corben scheduled to be released in October.

The documentary “digs into the psychology of men whose competitive nature carries them to victory on the field and ruin off it.”

Rison, 45, played for the Falcons from 1990-94. He caught 423 passes for 5,633 yards and 56 touchdowns over his five seasons with the Falcons. The AJC caught up with Rison back in 2009 for this “Whatever happened to.  …” story. 

Over his career, Rison made base salaries ranging from $175, 000 in 1990 to $2.8 in 1996.

He also amassed $10.84 million in signing bonus. He also likely made additional millions in reporting, workout bonuses and other incentives.

Rison declared bankruptcy in 2007 after failing to pay child support.

“Broke “is scheduled to air as part of ESPN’s 30 for 30 Vol. II film series.

Rison, a five-time Pro Bowler, had his best seasons with the Falcons and won a Super Bowl with the Green Bay Packers.

He played in 186 games, 156 starts, 743 catches, 10,205 yards and 84 touchdowns

“Broke” is scheduled to make its world premiere at the Tribeca Film Festival next month, according to the festival’s Web site. Rison is standing in front of some burning money with his hands up in the air on the website.

According to a 2009 Sports Illustrated article, 60 percent of NBA players are broke within five years of retirement. For 78 percent of NFL players, it takes only three years. Sucked into bad investments, stalked by freeloaders, saddled with medical problems, and naturally prone to showing off, most pro athletes get shocked by harsh economic realities after years of living the high life. Drawing surprisingly vulnerable confessions from retired stars like Jamal Mashburn, Bernie Kosar, and Andre Rison, as well as Marvin Miller, the former executive director of the MLB Players Association, this fascinating documentary digs into the psychology of men whose competitive nature carries them to victory on the field and ruin off it.

Keepin with the SI stats, wefound out this morning that Atlanta native Jamal Lewis . has filed for bankruptcy.

Rison was indicted by a federal grand jury last year for failure to pay child support charges in Arizona and has also has been charged in past years in other child support cases in Genesee County and Georgia.

Here are the base salaries and signing bonuses that I have on Rison, according to NFLPA documents:

  • BASE SALARIES
  • 1989 — $175,000
  • 1990 — $275,000
  • 1991 — $325,000
  • 1992 — $375,000
  • 1993 –$1,109,000
  • 1994 — $647,000
  • 1995 — $578,000
  • 1996 — $2, 800,000
  • 1997 –$600,000
  • 1998 –$500,000
  • 1999 –$400,000
  • 2000 –$500,000
  • TOTAL: $8,284,000

 

  • SIGNING BONUSES
  • 890,000
  • 500,000
  • 1,000,000
  • 5,000,000
  • 300,000
  • 1,500,000
  • 1,350,000
  • 300,000
  • TOTAL: $10,840,000

–D. Orlando Ledbetter, The Atlanta Falcons beat blog

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130 comments Add your comment

Marcus

June 5th, 2012
5:42 am

I read that article … also passed it to my wife who is a Financial Planner. These stories are cautionary tales, even for people of more modest income as compared to athletes.

not a fan

June 5th, 2012
6:14 am

We can find that this show is coming on in TV guide DL. That all you have?

Ellabell1

June 5th, 2012
6:19 am

Must be a slow day D-Led. Sorry about all these rich folks going broke. Can’t feel the least bit sorry for them. I’ve worked my whole life for less than they made in one year. Happy to say I still have a roof over my head and food in my belly.

Jimmy Crack

June 5th, 2012
7:36 am

Stupid is as stupid does.

They don’t make a violin small enough.

Andre Rison

June 5th, 2012
8:14 am

Hey, screw you guys.

SCFalcon

June 5th, 2012
8:23 am

What a stupid comment….

tgueboy

June 5th, 2012
8:24 am

successful black man….sounds this this article hits home

SeenThisB4

June 5th, 2012
8:34 am

LOL! Amazing. Here lies the real reason the NFL is saddled with 2000 some odd lawsuits for past concussions. They aren’t worried about concussions, they’re just looking for another payday.

let me buy the groceries

June 5th, 2012
8:45 am

D. Orlando Ledbetter

June 5th, 2012
8:45 am

Ellabell1 — Good for you! You probably didn’t have to deal with all of the crooks coming after your loot. You were also smart about not trying to keep up with the Joneses and chose not to lead an unnecessary flashy lifestyle.

D. Orlando Ledbetter

June 5th, 2012
8:47 am

not a fan — It’s coming out in October. The documentary is not done yet. I’m sure my friends at ESPN will let us know about when it’s ready for broadcast.

D. Orlando Ledbetter

June 5th, 2012
8:48 am

Andre Rison — Watch your language.

D. Orlando Ledbetter

June 5th, 2012
8:50 am

Successful Black Man — I’ve got to delete that comment. He couldn’t have spent all of the $19.120 million on the woman folk.

D. Orlando Ledbetter

June 5th, 2012
8:51 am

SeenThisB4 – I think you are mixing up two separate issues.

kewl

June 5th, 2012
8:53 am

Well, I say he represents a life well-lived. He had some beautiful crazy love with left-eye and played with a attitude. Props to bad moon.

Nick

June 5th, 2012
9:02 am

Dude should’ve used that free education he was given and learned something while he was playing football.

D. Orlando Ledbetter

June 5th, 2012
9:13 am

kewl — You have a fresh perspective on the topic!

D. Orlando Ledbetter

June 5th, 2012
9:14 am

Nick — Should have been a Finance major and a Gym Class Hero major?

Section 322

June 5th, 2012
9:29 am

It should be titled “You Big Dummy” !

kewl

June 5th, 2012
9:29 am

Nobody goes thru life unscathed. We all make mistakes. Don’t beat yourself up, learn from it and move on. Bad Moon raised hell and as a fellow hell-raiser, I can’t condemn the man. So, I suggest we all lighten up and see what we learn from “Broke”.

D. Orlando Ledbetter

June 5th, 2012
9:40 am

kewl – Thanks for sharing.

birdfan70

June 5th, 2012
9:46 am

Kewl – Couldn’t have said it better… We all make mistake the issue is if we learn from them… I have never had the type of money and fame these guys have had on top of being young and some not coming from the best economic situation… DLed you make a good point as well. All the crooks that come out after the guys it’s crazy… I’m just saying it’s easy to say what you wouldn’t do because you have never been put in that situation… I’m just saying!

SECGRAD

June 5th, 2012
9:50 am

I am sure Rison can put his degree from Michigan State to good use in finding a job. It is just like Charles Barkley said; “If I did not play NBA basketball, I would have used my degree in aeronautical engineering to get a job as a sky cap at Hartsfield airport.”

Rick James

June 5th, 2012
9:56 am

@Ellabell1

Must be a slow day D-Led. Sorry about all these rich folks going broke. Can’t feel the least bit sorry for them. I’ve worked my whole life for less than they made in one year. Happy to say I still have a roof over my head and food in my belly
—————————————————————————————————-
A

Rick James

June 5th, 2012
9:59 am

@Ellabell1

Must be a slow day D-Led. Sorry about all these rich folks going broke. Can’t feel the least bit sorry for them. I’ve worked my whole life for less than they made in one year. Happy to say I still have a roof over my head and food in my belly.
—————————————————————————————–
A roof over your head and food in your belly is probably all you have and in some people’s eyes you are “broke” too..Envy is such an awful thing.

Buckeye

June 5th, 2012
10:07 am

RIP Left Eye

Buckeye

June 5th, 2012
10:08 am

Can’t change stupid

D. Orlando Ledbetter

June 5th, 2012
10:09 am

SECGRAD – That is too funny! Chuck is crazy!

Lisa "Stiff One-Eye" Lopes

June 5th, 2012
10:10 am

Money isn’t everything.

At least Andre Rison can still say he is better off today after the end of his NFL career than Warren Sapp…

…or Ryan Leaf…

…or Junior Seau…

…or that Steelers QB who preceded Terry Bradshaw…

…or Kroy Biermann…

Class of '98

June 5th, 2012
10:11 am

For many athletes and rock stars and rap stars, how much money you have is not nearly as important as how much money you spend.

I don’t have anything against Andre Rison, but I will not shed any tears for him, either.

Somebody needs to tell these NFL players that they really don’t make a lot of money. If they try to spend like NBA stars and big name rappers, they will go broke.

greg

June 5th, 2012
10:15 am

I could see going through a couple million. But, 20 million is a lot of money. You really have to be actively trying to rid yourself of it.

greg

June 5th, 2012
10:18 am

Although he may not have retired with huge numbers, many people inside the game say Rison was among the top 5 most talented recievers of all time.

D man

June 5th, 2012
10:21 am

I can certainly understand how Rison became broke. My wife and I make healthy salaries and we always carry debt on several credit cards because we like to play. By play, I mean eat out at nice restaraunts 5 times a week, go on nice vacations, buy nice cars, etc. we are always living above our means but the difference between us and pro athletes is that we don’t lose our jobs when we get older and out of shape like they do so we keep getting the income and theirs stops. If we lose our jobs, we would be broke in a short amount of time too if we kept spending like we do. Fortunately, we save too and that is the key differance between folks like us and them.

I feel for these young folks who don’t set money aside for the future and don’t touch it.

Paul

June 5th, 2012
10:27 am

Enter your comments here

YOUNG&MONEY_BADMIX

June 5th, 2012
10:29 am

So i guess he took home 19 million dollars of his pay.
I have been cheated all these years…Report somewhat accurate numbers PLEASE!
We must admit we are jealous..
GREEN EYES behind the money..and fame.

Paul

June 5th, 2012
10:30 am

Let’s not be misled by the word “Broke”. These guys might not have the millions to squander anymore but I am sure with the remanants that are left and the connections they have they are comfortable “thousandaires”

YOUNG&MONEY_BADMIX

June 5th, 2012
10:32 am

Guys Americans live just like atheletes except for spending cash, we use credit cards..
Try staring in the mirror and call that person names.

Kim Zolciak

June 5th, 2012
10:32 am

As far as I am concerned, that man is B-R-O-K-E and not able to provide for me.

Next.

Clewis564

June 5th, 2012
10:33 am

As far as I know both leagues hold rookie symposiums telling them about the money and the ones who will be after it. They warn about bad investments and the women but it seems a lot of guys have the “not me” mentality. My friend told me more than once, “don’t let other people spend your money”. (i.e. – broke people and women telling you what you “should” be doing, buying and living”)

E

June 5th, 2012
10:35 am

What? No mentioned about his relationship with TLC’s Lisa “Left-Eye” Lopes and her setting his house on fire?
But these younger players, who make much more money than the older sports icons made, should take notice of folks like Hank Aaron. Aaron was smart with his money and was able to become a successful businessman with fast-food restaurants and car dealerships.

Frankie

June 5th, 2012
10:39 am

Love all of these financial planners, who are stinking rich…
NOT

Frankie

June 5th, 2012
10:43 am

@Clewis….you mean to tell me that you soak all of that in after just one seminar….
I ‘d like to see that…look at the show “how the lottery changed me”

we are all suspect to the same things these athletes are suspect to…

Frankie

June 5th, 2012
10:46 am

what does LLL setting his house on fire have to do with anything….insurance paid to have it rebuilt…and…

how does that fit in with his spending during his career and his inability to sustain his life style after his playing days were over…

BW

June 5th, 2012
10:48 am

First and most importantly, he never saw anywhere near $19 million after taxes and agent fees. With that being said it is always ashamed to see an athlete struggle after the paydays stop. Compare his highest contract to the one Calvin Johnson just signed. I hope someone with sense is in Calvin’s ear.

Arod

June 5th, 2012
10:51 am

Bcuz he made this money, doesn’t mean he actually “brought” home all of it. There is this person named SAM (uncle) that want his share of it as well…LOL. He is one of the free loaders. Dude you are educated and you got your health, do some networking, you will find something. GOOD LUCK BRO!!!!

panic fan

June 5th, 2012
11:04 am

2—- plus—- 2—- makes—- 4 add—- 6 thats —–10 —take away—- 10 now what then ====no win

TH FROM MC

June 5th, 2012
11:12 am

It is as simple as the old adage: “A fool and his money are soon parted.”

Patrick Romano WAR DAMN EAGLE

June 5th, 2012
11:18 am

Used to play pick up games of hoops at Sports life in Duluth with Andre Rison and Neon Deion Sanders and Michael Haynes. Andre puts the ASS in Class! Any man with little ‘m” that doesn’t take care of his child is a sissy…

period and you can’t fix stupid!

WAR DAMN EAGLE

Falcon Jim

June 5th, 2012
11:21 am

For some help if you are having problems, read FACING YOUR GIANTS, by Max Lucado.

Alphare

June 5th, 2012
11:29 am

At least this guy doesn’t have earring/necklace to make himself more attractive to other guys.

D. Orlando Ledbetter

June 5th, 2012
11:31 am

Arod — You have to break off Uncle Sam at least one-third right off the top.

Boo

June 5th, 2012
11:33 am

D-Led:

Was it something I said? I was only keeping it real. Why did you delete my comments? Boo is angry now. Boo may sue.

D. Orlando Ledbetter

June 5th, 2012
11:34 am

BW — Even after taxes (about 6 million) he saw about 13 million. His agents were only getting 4 percent back then. So that’s only about 1 million-plus). So he thrashed through about 12 million, give or take a million.

chris

June 5th, 2012
11:42 am

I think, if they required athletes to finish college, many more of them would know how to handle money. Just my opinion.

D. Orlando Ledbetter

June 5th, 2012
11:44 am

Boo – We’ve got standards around here. Try cleaning it up. Yours was a case of “Keeping it real, gone bad!”

D. Orlando Ledbetter

June 5th, 2012
11:48 am

Young&Mony_badmix – I don’t have his pay stubs, which would reflect take home pay. We have the NFL contracts he signed. Didn’t bother to include the Candian money from his CFL venture.

D. Orlando Ledbetter

June 5th, 2012
11:50 am

D man — Good points.

BW

June 5th, 2012
11:51 am

Not sure about the child support arrangements but they certainly was a bit more off the top. In either case yes you are correct he did squander a significant amount of money, more than most of us will see in a lifetime

D. Orlando Ledbetter

June 5th, 2012
11:51 am

Trojan — This is the Plan Parenthood blog. Sorry, double delete.

Boo

June 5th, 2012
11:54 am

D-Led:

I was only trying to be helpful. Just like the Allstate Mayhem Guy. By pointing out the obvious danger lurking around a young man’s wallet, I was hoping that pro athletes everywhere will be able to hang on to their money.

Don’t Shoot Me, I’m only the Piano Player,
Boo

William Smith

June 5th, 2012
12:00 pm

Look at these guys lives. They first go to high school where they are made gods. The high school pets them on everything and they are held accountable for no actions they take. Many of these guys were 5 star players and even in this paper you know they walk on water and have special articles written about them. Next stop college where they are allowed many acts of bad behavior when the average student would be booted out of school. Next stop professional sports at this level they make tremendous salaries and even charge a young kid for something as common as an autograph. Everybody bows down an worships there skills. They receive much more honor than the doctor who would cure cancer. Last stop retirement then they have to grow up. No more bow downs,hero worship or other benefits. I think they should work in a regular job and see how real people live. Just think they could not afford tickets to see there old teams play.

Trojan

June 5th, 2012
12:00 pm

Double-delete! Man, that is not fair. I was only offering advice in the name of “an ounce of prevention.”

let it get away

June 5th, 2012
12:03 pm

At 20 million+ income, he no doubt netted about $14 million of that. Any reasonable rate of return over the time period that he played (the 1990s) would have doubled that $14 million to $28 million.
Subtract 8 million to live through his playing years, and you have $20 million at a draw down of 3-4% per year would have allowed him to withdraw/spend about $800k a year… INDEFINITELY. And, BTW, we don’t have an estimate for how much they made in endorsements… which might be as much as their base salary!

The financial acumen of these athletes is horrible.

watching from the bleachers

June 5th, 2012
12:07 pm

You can’t fix stupid, but you can make a TV show about it.

Jasmine

June 5th, 2012
12:14 pm

I had the pleasure of serving Mr. Rison at Deion’s Club 21 back in the early 90’s. He ordered a bottle of Moet Chandon White Star for $47. He paid for is with 2 twenties, a 5 and 8 quarters! No tip! He was always wanting to be hooked up for free drinks because he thought he was important. He may have been a decent athlete, but in my book, he’s loser!

RAM265

June 5th, 2012
12:16 pm

Really can’t feel sorry for a “playa” and one of the all time “look at me” guys. I’ve made mistakes myself but not because of feeling the need for an entourage, multiple houses and multiple cars. Curt Schilling is reported as having $50 million in the bank when he retired and now he’s broke. Bad investments he says. Who needs to make investments when you start off with $50 million? As a whole athletes never have been known for their brains.

Misty From Macon

June 5th, 2012
12:30 pm

I think they should work in a regular job and see how real people live. Just think they could not afford tickets to see there old teams play.

some of these guys came from poor neighborhoods and poor families. I’m sure they already know how the “real people live”.

Also, for all of the people on here “dogging” Rison, what about when good old boy, hard working, multiple young blonde marrying, NON-athletic Ed McMahon wound up broke and was almost evicted from his mansion? (Trump saved him by buying it and letting him continue to live in it). Didn’t hear a lot of “He Was An Arrogant Azz & deserved it!” comments then.

If this wasn’t georgia, I’d “almost” be amazed by them.

I usually just read but....

June 5th, 2012
12:33 pm

Bet he’s still got a ride with some gansta 23’s or 24’s. Proly 4 or more 15″ woofers pushed by a 1500 watter.blasting out some cop killing, woman demeaning rap while his childern suffer and he trips out as a thug wannabe.
btag

Matty Ryanunyabizness

June 5th, 2012
12:34 pm

This won’t happen to me………iceman got a healthy 5% return on that contract yo.

Lifestyles

June 5th, 2012
12:35 pm

Let’s do the hypothetical math: $ 20 million career earnings less 10% agent fees. $ 18 million less taxes (40% ?) = $10.8 M. $10.8 million divided 1/3 for Athlete, 1/3 for Alimony/Child Support/Bad Investments, 1/3 for legal fees = $3.5 M for the athlete to spend. $3.5 million for the athlete to spend divided by 7 year career = $ 500,000 per year after taxes during the athlete’s playing career.

If the athlete buys just one Bentley, that’s a $250,000 chunk from the $ 500,000 for one of those years. If the athlete buys a nice house for himself, that’s $ 1.5 million (or three years of his net net salary). If he buys his mom a nice house, that’s another $500,000 (or one year of his net net salary.)

All that is left from his playing career after paying for moms, kids, business partners, agents and lawyers, etc, is $ 1.25 million. The athlete is around 30 years old at this point, his playing career winding down, and his lifestyle is not winding down. So, from the $ 20 million career earning, the athlete has to live now and retire later on $ 1.25 million dollars.

big don

June 5th, 2012
12:48 pm

Eff em all. I pay $350 per month for 10,000 deductible health insurance and have been self employed for 25 years which means living below my means and saving every penny so I can sleep at night. Next week I’ve got to pay out of pocket $1500 for spoinal injections after pay Blue Cross $350 this month for insurance because I have high deductible. I DON’T EXPECT anybody or any of you to care one iota nor do I care about your personal crosses to bear. It’s just life and then you die.
I had to opportunity for Mr. Rison to appear in our courtroom in 2004 and 5 for non payment of child support with a very highly priced attorney claiming he had no money and couldn’t find a J O B. The only problem was, and as noted by the judge, he had on a crazy assed pair of NIke pimp sneakers that probably cost 200 bills. I haven’t spent 20o total on shoes in five years. So got to Mickey D’s you jerk and get over yourself.

Lenny Dykstra

June 5th, 2012
12:53 pm

Don’t just throw Andre Rison and Curt Shilling under the bus . . . Lenny not only lost his own money, but a bunch of other people’s money too. Lenny was a Madoff for the jock-strap set. At least Andre Rison didn’t set up a Hedge Fund. Just thought I would throw down the race card since this is Atlanta and nobody’s done that yet. Where is Terrence Moore when we need him!

hiramsaint

June 5th, 2012
12:53 pm

seenthisb4 often confuses the issues. he thinks theres a championship contender in new orleans

ToLegit2Quit

June 5th, 2012
1:18 pm

Andre Rison was a great athlete but a classless person. He was never a team player, but had a great NFL career. His agent, Charles Parker, always seemed to handle issues that he got into. He never payed people for the stuff he bought. His agent would take care of that after the vendor filed suit. Once his career was winding down, his agent was less inclined to “baby sit” Rison’s issues. It is sad that these great athletes never grow up and mature. When they are young, the high school coach takes care of them. When they are in college, the college coach takes care of them. When they are in the pros, the agent takes care of them. At some point, you got to grow up.

trailboss

June 5th, 2012
1:24 pm

Man I tell you he had a good time as long as he realize that and enjoy the fun of just having the chance to play with the big boy’s and have a dream come true to play in the NFL. He’s not like T.O. complaining about his bad investments and want to sue everybody because of his behavior while on the job he was problems.Andre to me love wild women and strip clubs and having a good time as long he enjoyed himself way to go Andre.Now take your degree and make you so more money and keep on living and enjoying life.

Lilmama

June 5th, 2012
1:34 pm

Why do we want to watch another show about how financially irresponsible the African American man is when he had money? It is going to make your all look foolish. Do you think it will get you sympathy in someone’s child support court? Because if I see TO crying on one more show about him having no money to pay…well you should have thought about that when you were blowing money!!
Why not go to ESPN with a show profiling veteran athletes that come back to assist the rookie players in becoming successful on & off the field to include everything from public speaking/ financial planning / social media / current spending / building character & etc. Men STAND UP and stop letting the media drag you..damn!

D. Orlando Ledbetter

June 5th, 2012
1:40 pm

ToLegit2Quit — He second agent was Dr. Charles Tucker.

D. Orlando Ledbetter

June 5th, 2012
1:41 pm

Lenny Dykstra – You still owe me $2,500.

D. Orlando Ledbetter

June 5th, 2012
1:43 pm

big don — Relax my friend.

D. Orlando Ledbetter

June 5th, 2012
1:46 pm

Lifestyles — Umm, maybe a Audi or Benz would work instead of the Bentley?

D. Orlando Ledbetter

June 5th, 2012
1:49 pm

Jasmine — Thanks for sharing that. That says a lot about a person. Poor tippers are usually bad news.

Steveo

June 5th, 2012
1:57 pm

Who cares…just another ignorant athelete that spends money as fast as he makes it…..he gets what he deserves!!

Tough Love

June 5th, 2012
2:04 pm

Oprah needs to school these dudes on how to handle their money. She’s trying to get ratings for her network, so why not do a reality show with Andre Rison, Warren Sapp, and Terrell Owens? The cameras could follow them around and see how they spend money, and then Oprah could have an intervention with them and point out the dumb mistakes they are making. Step 1) Avoid Kim Kardashian. Step 2) Earn money like Kim Kardashian. She is a complete non-talent who has figured out how to earn $40 million per year. Andre is such a train-wreck that he would make great reality TV. Pretty soon, he will be back earning more than he ever did in the NFL.

JB FALCON

June 5th, 2012
2:07 pm

Probably too late in this post for DOL to read but I, for one, would like to hear about what’s going on in Flowery Branch. DOL, you do still cover football don’t you? Show me.

Hussein Ala Bin

June 5th, 2012
2:15 pm

You pathetic western professional athlete! Living a life of utter decadence. Can you not see that your house has been cursed with the flea’s of a thousand dogs? Left Eye burned your house down, and still you did not learn! Left Eye moved to paradise, and still you did not learn! Evil capitalist lawyer’s took what was left of your fortune, and still you did not learn! No more soup for you!

RAM265

June 5th, 2012
2:25 pm

Hey Lenny Dykstra…Last time I checked Curt Schilling was white. Race has nothing to do with it. Greed is greed and stupid is stupid.

M

June 5th, 2012
2:34 pm

Child Support is the best shutdown corner in the history of the NFL.

Texas Pete

June 5th, 2012
2:41 pm

I don’t know how old Rison is, but when he reaches 55 he will be able to receive an NFL pension. Since he played 12 years, he will probably make about $4000 a month. I know that’s way below his spending standards, but at least he will be able to eat. I know plenty of retirees right now that are living on social security payments of around $1000 a month, and they are not eating very well. I was just wondering….didn’t Rison have any real friends? Surely someone could have told him to put at least $1 million away for a rainy day. I guess it’s true. Almost everybody in America is a crook. Lord save us!

Captain Midnight

June 5th, 2012
2:51 pm

These guys make more money in one year than most people earn in their entire lives.
If they are stupid enough to blow it (and they are) then so be it.
It kills me that they have to have “rookie seminars” to teach these Grown Men how to behave.
No, they can’t bank it, they’ve gotta “invest” it in 5 cars,3 houses wich naturally results in 10 kids with 10 women and settin up they Aunt with a chicken and waffle stand.

Hamad Meander

June 5th, 2012
2:58 pm

Don’t forget Uncle Sam took half of Andre’s loot before he even got it in his pocket. His agent also took another 5%-10% too. These guys do spend like they don’t owe taxes and that the money will keep flowing for the rest of their lives. A reasonable thing for a professional sports star to do would be to invest half of what they take in after taxes, agent fees, etc. and blow the rest.

Don’t buy a home until you are out of the league, get a vascetomy before you have any kids, and don’t do drugs. Retire a multi-millionaire when you are 30. What’s so hard about that?

Favors

June 5th, 2012
2:59 pm

Yo. Here is the problem. Everyone wants a slice of the pizza. Then the pizza oven breaks, and there is no more pizza. Then, they get mad at the pizza man. Then, they say pizza man gotta feed all the little mouths that he created before the pizza over broke. Pizza man is still hungry too.

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Kar

June 5th, 2012
3:53 pm

In all fairness, it’s probably hard to think rationally after a career of head hits and concussions. Judgement’s always the first thing to go.

I Learned The First Time

June 5th, 2012
3:59 pm

To the nut that stated, lets watch the program and see what we can learn…..anyone with a brain and a small amount of sports knowledge is aware of this program being a rerun as it has played out many times. Ultimately, it has been too many times with people “LIKE” Rison. Be it Joe Louis, Evander Holyfiled, William Andrews, or Terrell Owens and the list could go on to be over a thousand long.
Point being, you can watch all you want but I will be you all you have that before the year is over I will be able to point out at least 10 more formerly rich pro athletes filing bankruptcy (like Jamal Lewis just did) before the year is over. And I will be able to do the same thing every year of my life.
Some “FOLK” NEVER LEARN!

COSCRO

June 5th, 2012
4:00 pm

It is better to have made and lost 10’s of millions than to have never been a rich, Pro-bowler.

Typical Redneck

June 5th, 2012
4:03 pm

I wonder how many of these broke former athletes grew up in a single parent home?

ozzfest

June 5th, 2012
4:14 pm

Dre’ still has an unused credit at the DISCO KROGER.

You know…the one he shot up when he was mad a Lefty…

Wisc. ex-pat

June 5th, 2012
4:17 pm

I remember being in the bar at “Fuzzy’s” in Elm Grove, WI back in the late ’70’s when I overheard Fuzzy Thurston, one of the bar owners and a retired GB Packer and Hall of Fame member, talking with a friend at the bar. I could not help but evesdrop because he sounded so down when he said, “Nobody wants to be Fuzzy anymore.” Wow.

It is really unfortunate that these pro-athletes get wrapped up in their own celebrity and do not plan on the psychology of transitioning into the non-spot-lighted life. They get so used to the attention that they forget that there is a much longer life AFTER playing ball. So sad.

MeaneyMouse

June 5th, 2012
5:04 pm

Andre “BadMoon” Rison. A fool and his money are dearly departed. I don’t feel sorry for you. You had it all and you blew it. Pitiful, just pitiful!!

Boo

June 5th, 2012
5:08 pm

Usher knows this tune. He can relate to Andre. His ex-manager, ex-wife wants to carve off some of his lifestyle. She is entitled to live off him for the next 20 years, right? He will be broke in a couple of years too. Mark it down.

Taxman

June 5th, 2012
5:16 pm

Child support and taxes. That is the path to going broke. No high income earner should chase skirts and skirt their tax bill, cause it will cost you in the long run. Andre should have kept up on those obligations instead of buying a new car every 6 months.

1danielbell

June 5th, 2012
5:18 pm

No sympathy whatsoever. He made more in his 11-year career than most people will make in a lifetime. He had a free ride through college. Even if a rich athlete has zero financial sense, he has the money to hire a planner to make sure he and his family are forever taken care of.

D. Orlando Ledbetter

June 5th, 2012
5:20 pm

Favors — I like the Pizza analogy.

YourPoliticalAnimal

June 5th, 2012
5:20 pm

It’s so easy to beat up on these guys for mismanaging their money but truth be told, most of us have done the same, just at a smaller level…imagine being in your early or mid twenties, gettin’ really paid, sycophants (butt kissers) constantly telling you how wonderful you are, beautiful women throwing themselves at you, and on and on…unless you have a firm foundation like the Manning brothers, you’ll probably make the same mistake…Someone once told me “It’s not what you make, it’s what you manage”…so true, so true…

D. Orlando Ledbetter

June 5th, 2012
5:20 pm

Texas Pete — Andre is 45. He’s got 10 more years.

YourPoliticalAnimal

June 5th, 2012
5:22 pm

I’d rather be a gozillionaire @ 55 than 25…

D. Orlando Ledbetter

June 5th, 2012
5:23 pm

JB Falcons — There is no media access in Flowery Branch UNTIL tomorrow!!!! I will be there along with Chris Vivlamore to cover our one-day a week of open OTAs!!! We’ll get to cover some offseason football for you. Hold on for another 16 hours or so. The Batmobile will be backing out of the driveway at 8 a.m. tomorrow.

D. Orlando Ledbetter

June 5th, 2012
5:26 pm

YourPoliticalAnimal – I concur with you! Hopefully, I can get to 55!

Pin sized Hole

June 5th, 2012
5:33 pm

An ounce of prevention prevents conception

Jack Wood

June 5th, 2012
5:36 pm

Expect no pity in child support city.

billie jean not luver

June 5th, 2012
6:16 pm

Andre is hiding his money. Mean lawyer man, with a discovery subpoena, is trying to find out how much cake is left to eat. Andre is too smart to hide money under his mattress and then burn the house down, isn’t he?

deion

June 5th, 2012
6:24 pm

Andre, I just got chopped for $14k per month in support. Pilar is out shopping as we speak.

Joseph A. Bank

June 5th, 2012
6:46 pm

Just another DA…and that is not District Attorney.

Goodsun Setting

June 5th, 2012
8:47 pm

DOL- This was a great article for stirring up some socially relevant conversation here! Jasmine’s story was great. It’s also great to see you interact with the bloggers this deep on the blog! Finally, may I request a Julio interview/story during OTAs? Thank you!

D. Orlando Ledbetter

June 5th, 2012
9:14 pm

Goodsun Setting — Julio is on the coverage plan that I turned in today. I want to let him get through OTAs so he can add some value to his observations on if they will be helpful for him.

Blob Horner

June 5th, 2012
9:17 pm

Hey BW, don’t lump Calvin Johnson in with these miscreants. Calvin went to a tough school and took difficult classes, worked on bringing water to a remote village. That sounds like someone with the maturity to work hard, delay gratification and plan for tomorrow vs these short sighted hedonists. These
tangible traits were probably evident in 3rd grade, the forces in place that compeled one to take the high road and the other the path of least resistance. The laws of nature and economics are linked and intractable.

Banned by Dled

June 5th, 2012
9:20 pm

Andre’s broke? Who could have seen that coming.

Banned by Dled

June 5th, 2012
9:21 pm

Agreed Bob, Calvin Johnson is a class act. Rest assured, he will never be broke.

D. Orlando Ledbetter

June 5th, 2012
10:16 pm

Banned by Dled — How did you get in here?

Z-ro

June 6th, 2012
12:44 am

Andre Rison for as bad as its sounds is a hell of alot more money savvy than Antoine Walker!!

[...] The rest of the article can be found here: Atlanta Falcons [...]

PapaK

June 6th, 2012
6:54 am

When Andre Rison became a professional, he moved into a world few are prepared for. Instant wealth, fame, fan adoration. He became addicted to this intoxicating drug. Who of us wouldn’t.

DA TRUTH

June 6th, 2012
12:59 pm

I know Rison personlly and like Frank Sinatra sang, “He did it his way!” and I have nothing but respect for him! Everyone who is hating on the man, He didnt ask for your simpathy. He didnt ask anyone to feel sorry for him! Last time I saw him he was still smiling and still the same old Dre! With or without the millions. I admire him and I think if he had a chance to do it over again he wouldnt change much about the way he lived. We all would change a few things. C’mon dont be a hipocrite!

Falcon Jim's stalker should be BANNED

June 6th, 2012
1:24 pm

Enter your comments here

Skitty Fritty

June 6th, 2012
3:33 pm

Athletes need to learn that cars are not an investment and don’t chase high returns by investing in private companies. When you start out early in life with this kind of income, you don’t have to chase high returns. Invest like a 60 year old.

Skitty Fritty

June 6th, 2012
3:34 pm

Remember when Andre’s house burned down because “Left Eye” set some stuffed animals on fire in the bathtub. My guess is insurance didn’t cover this because the fire was not an accident. This probably cost him a pretty penny to replace or repair.

[...] Andre Rison will be featured in an ESPN documentary about really rich athletes who can’t handle said riches. [Orlando Ledbetter] [...]

California

June 8th, 2012
12:55 am

Stories like these break my heart. How does this happen? It happens because the NFL does NOTHING to help their players understand the overwhelming responsibility of tremendous wealth. Why doesn’t the NFL give a damn and make it a mandatory requirement that all NFL players sign with a wealth financial planner that is employed by a major lending institutiion or brokerage BEFORE closing the deal?

KATHLEEN COPELAND

June 9th, 2012
7:36 am

We as professionals make good money, sign contracts for BIG BUCKS, we never realize what the future holds. Alone the way they mistreat love ones, forget about our children, have sex with whom ever(women), because as an athlete we never think we will always be on top. sometimes we have to keep GOD in our lives. We must always pay our tithes, trust me I’ve been down and out, GOD pulled me through. It’s all about where your HEART is THINK POSITIVE GOD WILL SHOW YOU THE WAY NO SHORT CUTS

Robert Abooey

June 9th, 2012
11:58 am

Very common story. Maybe the major professional leagues should consider requiring that rookies take and pass a class in personal financial management and also make mandatory deductions from players’ salaries that then go into a deferred compensation plan along with contributions from the teams they play for. The deferred comp would start being paid out upon the player’s retirement.
Also, the players need to be able to have access to affordable healthcare insurance after they retire.