How does a player go from earning millions of dollars per year to suddenly becoming broke? As you’re about to witness, it’s actually quite simple. These broke athletes began on top of the world, only to have poor decision after poor decision lead them into financial ruin.
The year was 2007, and Michael Vick was an NFL star. Then suddenly, he lost everything. The quarterback was found guilty of administering a dog fighting ring at his home residence. After serving a 23-month prison sentence, he lost his hard-earned $130 million league contract and was made nearly bankrupt after legal payments and additional fees.