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Top 15 NFL Players Who Went From Riches to Rags

It has become a subject of a plethora of articles, investigative reports and television specials. National Football League players who cash in on millions of dollars from contracts, endorsement deals and other business opportunities have gone from riches to rags for a variety of reasons after they retire. The National Bureau of Economic Research released a report in August of 2015 that claimed that roughly 16 percent of NFL players are forced to declare bankruptcy at some point during the twelve years after they had retired from active duty. Several factors played into why these players went broke following their NFL careers.

Former Cleveland Browns Bernie Kosar is a beloved figure in northeast Ohio, a player who still makes appearances on local radio stations and during certain broadcasts that are produced by the Browns. Kosar theoretically should have been able to retire comfortably following his days in the NFL, but that was not the case due to business decisions and personal problems that he has had to deal with over the years. The former signal-caller may not be living the life that he envisioned once he was finished playing, but Kosar would have to be considered to be one of the lucky ones when you examine the fates of other former players.

Far too many former NFL players went from living in mansions and being able to, in their eyes, buy happiness to finding themselves behind bars. O.J. Simpson chose to waste his second chance at freedom and a new life, and he will never again have an opportunity to reclaim his riches when he is a free man.

Every up-and-coming NFL player should remember these riches-to-rags examples before they think about buying cars and homes that, years down the road, may not be worth much to them.

15 Bernie Kosar

via palmbeachpost.com

14 Terry Tautolo

via dailymotion.com

13 Travis Henry 

via ocnnreport.com

12 Mark Ingram Sr.

via newsone.com

11 Warren Sapp 

Steve Mitchell-USA TODAY Sports

10 Brent Boyd 

via blogs.rgj.com

9 Chris McAlister 

via mix1065fm.cbslocal.com

8 Dexter Manley 

via blog.redskins.com

7 Stanley Wilson Sr. 

via complex.com

6 Mike Webster 

via archive.newsleader.com

5 Sam Hurd 

via deadspin.com

4 Art Schlichter 

via cleveland.com

3 Ryan Leaf 

via seattleweekly.com

2 Aaron Hernandez 

The Sun Chronicle/Pool Photo via USA TODAY Sports

1 O.J. Simpson 

via abcnews.go.com

How is it that a popular athlete such as O.J. Simpson could get involved in a burglary case roughly a decade after he was found not guilty of murdering two innocent people? For starters, Simpson was, as of 2007, on the hook for the majority of the $33.5 million judgment against him that stemmed from a civil suit which followed the murder trial. Simpson was in the news that same year because of his involvement with an alleged robbery that occurred at a Las Vegas hotel. Simpson claimed that he was attempting to retrieve his memorabilia, but luck was not on his side this time around. A lengthy jail sentence has since been reduced and Simpson could be out of prison before the end of the decade. He will have little from his previous life, if anything at all, once he is released.

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Top 15 NFL Players Who Went From Riches to Rags