VY: What in the...

My official stance is screw VY, but you do have to look at situations like these objectively. It's not just him. A lot of these guys never learn any money management skills between coming up from nothing to rolling in what they think is unlimited cash.

If you haven't see the ESPN 30 for 30 "Broke" it's an excellent watch.

I'm not an economist either, but my sense is that Vince never made enough money. His expenses outstripped his income.

A former nfl player was never taught how manage his money? Color me shocked.

VY is just one of hundreds of athletes who file for bankruptcy every year. Nobody there to tell them using 1/6th of their yearly salary on a Ferrari is a bad idea..especially when you'll only be earning that type of money for an average of 5 years (random yet likely example)

Eta: and you don't have to be an economist. It's accountancy, finance, and responsibility. Of which VY has none.

They need a set of guidelines when entering and leaving the NFL..and the top of the list should be avoid the restaurant business.

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His expenses outstripped his income.

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Yeah that must be it.

$26 million from NFL, an estimated $30 million in endorsements, and his total net worth is less than $1 million. Those were some tough expenses!

He was buying out whole Southwest flights on the reg so that he didn't have to fly with anyone else. I haven't done the math, but I have the suspicion that just going the NetJets route would have been cheaper. So yeah, SOME of it it IS because he's not a smart man.

The rest of it is the classic story: going broke by A) Funding a large entourage of guys from back home who you feel you owe it to B) Bad investments; the classics being: restaurants, clubs, land deals, and inventions, often because you hired a family member or a bud from back home to be your "investment advisor/money manager" and he was either clueless or crooked. Both A & B cross color and class barriers. You wouldn't believe the guys who have gone bust these ways.

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is the guy a complete moron? Or just mostly a moron?

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10 Worst Wonderlic Scores in Combine History

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Wonderlic Score: (6 on first take, 14 on re-take)

Average score for position: 24

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You be the judge.

I kind of take it like the not everybody is meant for college approach. These guys make more in a year than I will in a career. (VY type, not players on the minimum nfl wage which is still a good head start from where I'm at) if they can't take it on themselves to get educated then they deserve to blow it all. They have experienced a lifestyle that I will never sniff. The resources are there, I have no pity. It's actually quite pathetic.

Reminds me of Patrick Ewing during the NBA Strike in the '90s:

"People need to understand. We make a lot of money but we SPEND a lot of money too!"

Ewing was a great Union rep for the players. I know that made the owners anxious to open up those checkbooks!

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He has a degree in education

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Wonderlic Score: (6 on first take, 14 on re-take) Average score for position: 24

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FWIW, his degree is in Youth and Community Studies which is from the College of Education at texas. Sounds like a decent enough athlete focused degree.