NFL Trent Richardson Released & Broke!!
What is really jacked up about running back Trent Richardson, he was the third pick in the NFL draft in 2012. But, due to him trusting his family with his money, allegedly he lost millions of dollars and is now out of the league, he says, he was so stressed about taking care of his family and friends financially and in the end, he is broke and not on a NFL football team.
This is all AIRED in an ESPN E:60 episode, which the network talks with Trent Richardson in detail about his career and his finances.
The 26-year-old NFL player grew up in Pensacola, Fla. His mom raised him and his siblings, he didn’t have a lot of money. When he signed a four-year $20.5 million contract with the Cleveland Browns, he bought a six-bedroom house in Cleveland for $825,000 and rented his mom a house there, too. Why didn’t he just buy her house instead of renting her home? Or, HELL, she could have moved in with him, a six-bedroom house. That’s the problem with athletes, as soon as they get that huge check, they have no one to advise them and even if they did, I’m not so sure they would listen.
“I had a chance to make sure my mom never had to work again,” he said on E:60. He also bought his grandmother a house in Pensacola for $350,000.
After a successful rookie season, he was then on four teams in four years and now, age 26 years old, he is now out of the league. In October 2015, he wasn’t on a team and had no income coming in and he reviewed his finances for the first time.
“I looked at my bank statement and thought, ‘where did this come from?’ they took advantage of me,” he said of his friends and family members.
They had paid for 11 Netflix accounts and eight Hulu accounts in his name. They also made many purchases on Amazon and charged him for bottle service at bars. I’m sure all of that didn’t come to a million dollars and how would they have his financial information and or his social security number or drivers license information? Unless, he gave them the information and just assumed family or friends wouldn’t take advantage him.
“I don’t get on the internet much — and I don’t drink,” he said, adding that he only spends about $300 every two weeks on himself.
Between January 2015 and October 2015, his family and friends had spent $1.6 million of his money. I’m sorry, I just have a hard time believing that. Notices come in the mail every month, so for a whole year, he never checked his mail or his bank accounts until he was released from the league? That’s what I call a bullsh$t move and his head is not wrapped too tight.
His college coach, Nick Saban, told E:60: “He wants to please everyone. That makes it difficult to disappoint people with the word ‘no.’”
But then he stopped paying for everyone except his immediate family. He even took his brother Terrell off his payroll; he had been paying him $100,000 a year to be a personal assistant. I would love to know what his brother did as his personal assistant, I’m sure he wasn’t worth $100,000 a year.
Terrell was so upset to hear how much the people in his life had cost Trent, that through tears he said, “I would never ask him for another dime.”
The football player said he has enough money left to support himself and his immediate family. He will now live at his grandmother’s home and continue to rehab after knee surgery to try to get back into the league. He hasn’t learned anything, his family are adults, he is responsible for himself, not even immediate family. Why would they ever get a job if he is going to continue footing his bills as well as his families bills??
Some players are fortunate to have family members that not only don’t want any of their money, they make sure extended family and friends don’t get any either.
Amelia Rolle, the mother of Antrel Rolle, who played safety for the Chicago Bears last season, says, “My husband and I and my son and daughter, we’re Antrel’s offensive line. You can’t sack him unless you come through us.” I hear you girl, family has a way of taking of advantage of you because you are family, but at the end of the day, his responsibility is his wife and his children.
Some players set themselves up early in their career to make their money last long after they stop playing. Green Bay Packers punter Tim Masthay doesn’t have a money manager and invests his money himself. Former Detroit Lions wide receiver, Ryan Broyles makes sure he doesn’t spend more than $60,000 a year, even though he made $600,000 a year as a player. Smart move, you don’t have to live like the Jones because you have money like the Jones. A football career doesn’t last long, players are hit with many injuries and most aren’t able to return to the football field. Its not like this is a revelation, everyone knows the longevity of a professional football player normally lasts maybe a good 1-3 years.
While discussing the challenges of coming into a lot of money after not growing up with much, Trent said on E:60, “It’s scary to have all that money and still be unhappy. It’s like you’re broke — and brokenhearted.”