Warren Sapp Files For Bankruptcy

April 7th, 2012

Former Bucs great and future Hall of Fame defensive tackle Warren Sapp is not doing so well these days.

Per TMZ.com, Sapp has filed for bankruptcy in Florida. In short, Sapp owes a boatload of cash to a lot of people, and his assets won’t cover the costs.

According to the docs, Sapp owes more than $6.7 million to various creditors … including hundreds of thousands of dollars in child support payments and alimony to at least 4 different baby mamas.

Among the debts, Sapp says he owes $853k to the IRS for 2006 and another $89k for 2010. Sapp says he also owes $2,858 in medical bills for “Corrective Speech and Language Therapy.”

Well, the speech therapy can likely be written off as a business expense so long as Sapp keeps his NFL Network gig that pays him just over $500,000 a year.

However, Sapp’s contract with NFL Network runs out this summer. Given the fracas over Sapp incorrectly outing Jeremy Shockey as a whistleblower, which could be against federal statutes, Sapp may not be back with NFL Network.

Some of the assets Sapp listed in the court papers include:

  • 240 pairs of Jordan sneakers and sandals
  • Large Nude women painting
  • Lion skin rug (female – lioness)

Also, Sapp claims he has lost his Super Bowl ring as well as the championship ring he earned with the Hurricanes.

This is just sad all around, especially the kids who are not getting their financial support.

38 Responses to “Warren Sapp Files For Bankruptcy”

  1. King lewis Says:

    Not cool at all

  2. j lynch Says:

    Karma is a bitch!!!

  3. chrisfwc. :) Says:

    That sucks for him. He will always have a job in football. He’s a FHOFer.

  4. ATLBuc Says:

    Bucs should hire him to be McCoy’s personal coach/shadow.

  5. teacherman777 Says:

    So sad.

    When will these yong athletes learn to stop wasting their money?

  6. NJBucsFan Says:

    “lost his rings” really. He could t just have hidden them so they will not be liquidated…

    He’ll be fine. America loves a comeback story. Put him on a reality tv show and I’m sure people will watch.

  7. Bobby Says:

    @ATLBuc…. Why? So McCoy can start to populate Tampa?

  8. MTM Says:

    Sapp’s issues all come down to poor decision making. First stop having kids all over the place, don’t invest in business you know anything about, stop running your mouth and start filtering your comments. Don’t retire early and spend like you still playing.
    Loved having Sapp in a Bucs uni but man this guy has made an arse of himself over years out of the league.

  9. ATLBuc Says:

    @Bobby…Populate Tampa and accumulate sacks.

  10. UK_Buc Says:

    It’s a shame for the kids, but Sapp never strikes me as being anything other than a real arse.

  11. BucBuckeye Says:

    Sapp as an under-tackle in Duny’s defense, was a beast. Sapp as a broadcaster is funny…

    …but Sapp in real life is a tool.

  12. Capt. Tim Says:

    It’s really too bad.
    But, one of the more difficult things in life , is to go from poverty- to having huge financial assests. I wish the NFL would futher educate theses guys. It ha

  13. Capt. Tim Says:

    Damn it!
    “it happens far to often. ”
    But the NFL offers a lot of Finacial help, and damn near 24 hour a day advisors
    A lot of these guys don’t think they need advice.
    Which, sadly is how you end up with 200 pairs of shoes, lion rugs, and Bankrupt
    Good luck Warren. Hope you get thru this okay.

  14. BigMacAttack Says:

    I agree with Jersey, no way he lost those rings, not Sapp. 100% BS on that. It is sad to see athletes that make so much money broke in such a short time. He still makes the salary from the TV gig. I liked Sapp as a player, he was great, but I have no respect for guys that allow this to happen. I guess Shockey gets the last laugh this time.

    Hey dummy, don’t live beyond your means, and wear a condom.

    I hear Keith McCants is looking for a new partner.

  15. Bucnnole Says:

    Any who has ever met Sapp or knows the real him should not feel bad for this guy. Sapp is the biggest fake around, a total Delta Bravo, who is getting what he deserves. My only hope is that he just rides off into the sunset never to be heard from again.

  16. Apple Roof Cleaning Tampa Says:

    I was shocked he would target a fellow U of Miami alumni like Jeremy Shockey.
    But I have to say I enjoy Warren Sapp on TV.

  17. RSROCKE Says:

    sapp was a great player but a HOF jerk…karma is a bitch.

    i was introduced to him at a charity event and he wouldnt even do the normal thing and shake my hand.

    stop having kids and be a man…loser

  18. Scotty in Fat Antonio Says:

    Anyone want to bet that he sold those rings?

  19. Miguel Grande Says:

    I always had to keep a close eye on the newspaper’s bankruptcy filings because of my job. It always mad me sad to see someone file who had $100 in assets and $2,000 in debt. I would always be amused when someone stuck it to the banksters for million of dollars.

    Good one, Warren, pay for your kids but screw the banksters. In a few years, you can locate the missing rings and keep them for eternity. In fact, you can wear them in your coffin, just remember to be buried face down so everybody can kiss your ass.

  20. mike30 Says:

    Smoke screen people just a smoke screen!!!!!

  21. Have A Nice Day Says:

    @Miquel Grande I love it!

  22. Garv Says:

    I loved watching him play football for the Buccaneers.
    I don’t ask people for autographs, unless it’s on a check written out to me!

    I don’t understand losing that much money. Think it might be about hiding assets from a Shockey lawsuit.

    I do not feel sorry for Warren Sapp. He’s an adult and will land on his feet. This “problem” is of his own doing.

  23. L.J. Says:

    Sapp was always one of my favorite Bucs. Sure he can be full of himself sometimes, but it comes from being told how great you are from the time you are a kid. He does need to take his part in taking care of his kiddies though as he is the father. My favorite Sapp story was when my ex-wife started irritating a group of us at a golf outing Sapp was also at and he blasted her for even being there and disrupting our (his) fun!!! It was GREAT!!! I will always be a SAPP fan after that!!!!

  24. buckeyebob Says:

    Fat,loudmouth who is too full of himself. His kids will suffer with a lack of $$$ coming each month. Going bankrupt still will not teach him anything. Just a dummy !!!

  25. jojo Says:

    Typical. Not surprising.

  26. lightningbuc Says:

    God, I hope one of his debtors is a vasectomy clinic!

  27. Mcnabb to Barber for 6 Says:

    Sapp is not a father. He is a sprem donor.

  28. Fatmosh Says:

    Anyone think this will hurt his chances of being first ballot?

  29. pfiddy Says:

    I hope he does lose his the NFL network gig and becomes the bucs next d-line coach.

  30. TAC Says:

    I saw Sapp on video a couple of weeks ago bragging to Irvin, and Holt that he has a ring also, He didn’t have it on his finger, but definitely stated “I have a ring too”. Not a Sapp hater, appreciated all he did on the field in Tampa, but will have to question his “losing” a ring that expensive.

    Hiding assets will get him a some time in the pokey.

  31. Lion Says:

    Man, they really need to require these athletes to take money management courses while they are in college.

  32. bucfat Says:

    Another case of American Materialism.

  33. k1ngAdroc Says:

    Bad money management – He will be one of the few Buc’s HOF players and I like his takes on NFL network. Hopefully he can get it together and make right with his kids. I’m sure his baby’s mama’s are all cooperating… lol

  34. jLM Says:

    Bet Brooks or Barber wouldn’t have this problem. That’s because there is a big difference in first class and dumb a##.

  35. Mark Says:

    He was a great football player, terrible person. I’ve heard too many stories of how he was an arse in public to Bucs fans and the general public. He has tasted urine in his food by being a jerk to servers. “Take my order so I don’t have to talk to your kind”. The dude was white.

  36. Pete Dutcher Says:

    You do know he didn’t really lose those rings, right? He just does not want to be forced to sell them.

  37. Pete Says:

    Pretty typical…The majority of athletes thrive on instant gratification. Bottom line. Many of them never had a father figure, and that not only precipitates into their lives but into the way they raise their offspring. Pathetic. Where is the outrage from Jesse Jackson regarding the fact that in the black community it is normal to have numerous children out of wedlock. They then blame society instead of looking inward. Pathetic. What’s even more of a disgrace is the way in which many of you put these losers on a pedestal.

  38. Bob Fox Says:

    Forget about the uniform Warren, put a Trojan on.