Posted on 12/20/2023 5:09:19 AM PST by Red Badger
Former Super Bowl champion running back Derrick Ward was arrested in connection with the robberies of five businesses, including a gas station, in Southern California, authorities said.
Ward, 43, was a member of the New York Giants team that won the championship in 2007. He was arrested by police officers in North Hollywood, according to department officials.
Interestingly, Ward reportedly did not use a firearm during the alleged robberies, “but officers said the 6-foot, 230-pound Ward used force and fear to take money from businesses,” the New York Post reported.
Derrick Ward spent eight seasons as a running back in the NFL, and spent the 2007 season as a standout running back with the Super Bowl champion Giants
According to KTLA:
“Ward, who was born in Los Angeles and attended Valley View High School in Moreno Valley, played eight seasons in the NFL with the Giants, Tampa Bay Buccaneers and Houston Texas.
“He enjoyed his best season in the league one year after winning the Super Bowl when he rushed for 1,025 yards with the Giants.”
“He was a part of the Giants’ powerful backfield, which included Brandon Jacobs and Ahmad Bradshaw, which garnered the nickname, “Earth, Wind and Fire,'” the Post added.
“Ward missed the Super Bowl when the Giants faced the 18-0 Patriots in February 2008 after he suffered a fractured left fibula, which ended his season in Week 13.
“… Ward bounced back the next year and posted a career-high 1,023 rushing yards with an NFL-best 5.6 yards per attempt — and later signed a four-year, $17 million deal with the Buccaneers in 2009.”
Ping!................
He’s broke, Jim.
IIRC you make something like $500K a year just to warm the bench in the NFL. Why would he need to rob gas stations?
Wealthy criminal? Sheesh.
Blame the concussions?
> later signed a four-year, $17 million deal <
It sure looks like Ward did not have a good financial advisor, and is now broke.
But you never can be sure. I know a guy who was high up in city government. He had an important job, and was always busy. Then after he retired, he starting doing all these crazy illegal things. I guess he was just bored.
He didn’t stop until he was arrested.
Hmmm…must have lost a step or two.
We see these big $$$ contracts in sports, all sports, from an outsider’s point of view.
They don’t get that $$$ in total. Uncle Sam gets a huge chunk right off the top, about 40%. Then the states and cities that the PLAY IN, not live in, gets their share when they come to town. Then, the state and municipalities they actually live in gets their cut. And their agent gets his 10-15% cut. So in the end he didn’t actually get $17 million, he got about a third of that........................
:: It sure looks like Ward did not have a good financial advisor ::
Looks like Ward left his finances up to one his homies from the ‘hood.
probably has brain damage.
We are not taught anything about economics.
I did not learn how to open a checking account (or savings account) until I got out of the Army (in 1967). We were paid in cash (side story even in Vietnam on payday the paymaster would fly out to where you were and pay you in cash).
We certainly were not taught about compound interest and how it can help you in a savings account and hurt you with credit.
We were not taught about contracts and what to be careful about and when necessary to get a lawyer involved.
All these things we learned as we stumbled through life.
Some never learn.
A person can be rich, but not wealthy. A rich person has a lot of money that comes from one source and if that source goes away their net-worth begins to drop. A wealthy person has a lot of money but has structured things so they have many sources of income and if one sources dries up there are others.
This is why someone may come into a lot of money could be broke in a relatively short time after getting the money.
They either trusted someone they should have trusted and/or they did not understand the need to invest in things that will keep the money stream flowing.
Lottery winners, actors, and athletes make up the bulk of those that squandered their millions (as well as children that have inherited wealth).
We see these big $$$ contracts in sports, all sports, from an outsider’s point of view.
They don’t get that $$$ in total. Uncle Sam gets a huge chunk right off the top, about 40%. Then the states and cities that the PLAY IN, not live in, gets their share when they come to town. Then, the state and municipalities they actually live in gets their cut. And their agent gets his 10-15% cut. So in the end he didn’t actually get $17 million, he got about a third of that........................
I blame the Union for failure to supply professional financial assistance to these players. The player earn enough to have a great life but in many cases are unable to control their finances. Same problem with many doctors and lawyers. So if the Union really cared they would have licensed, insured financial consultants the players could use.
I read a report several years ago that said the average sports millionaire is broke after three to four years.................
They went to college but did not educate them selves. They are just lazy
I understand that. I researched him after I posted and found that he had two or three reasonably (or very) successful seasons. That says to me that for that period he was making a lot more than $500K a year. Hell,if I could make a million dollars (plus) for even two years I’d make sure that it would ensure my future for years to come.
Certainly something like that....although after eight seasons he should have been all set, or at least you and I probably would have been. Too many of these players don’t manage their money and the running back position isn’t the longest career. It’s my understanding that the average players’ career is just 2.5 years. That also considers those that often play well over 10 years (QB’s, kickers, ...). So I can see how this happens over and over...they get in the NFL thinking “I’m rich” and immediately spend that way. Then the supply stops suddenly and they’ve no plan.
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