Clinton Portis Hundreds Of Thousands In Debt To Casinos, Over A Milli Owed To Women
Another day, another broke athlete! This time it’s Clinton Portis, who played college ball at the University of Miami before being drafted in the second round of the 2002 NFL Draft. He was actually voted the Rookie of the Year and played 9 years in the league with the Denver Broncos and Washington Red*****. According to some estimates he took home around $43.1 million in his career an astounding number compared to the $150 USA Today reports he has in his checking account.
Deadspin published the actual list of creditors revealing the debt rings in at $4,857,659.50:
The filing lists the creditors holding the 20 largest unsecured claims against Porits. Some of the more notable debts:
$500,000 to Entertainment Tonight correspondent and CNN contributor Nischelle Turner
$390,000 in back taxes
$170,000 to the Borgata casino in Atlantic City
$287,178.56 to the MGM Grand
A combined $1,223,020 in mortgage deficiencies
$500,000 to his mother
$412,000 in unpaid domestic support to four different women
$65,553 on a repossessed BMW
$899.09 in unpaid telephone bills
The filings also include Portis’s average monthly income. He receives $3,500 per month in disability payments from the NFL, and $1,000 per month for freelance sideline reporting at NFL games.
Meanwhile USA Today lists his monthly income as a slightly higher $7,500 with average monthly expenses of $12,800.
$7,500 is nothing to sneeze at but when you have your cars repossessed and four different women looking for domestic support, we can see why bankruptcy might seem like the only way out.
Besides, women and cars, DailyMail reveals Portis fell prey to another common NFL money drain — predatory financial advisors:
Attorney Curtis Elmore is representing Portis in the foreclosure case on the $1million royal purple house he built for his mother north of Gainesville, Florida.
He told The Gainesville Sun that his client had been swindled by those who took advantage of him.
‘Mr. Portis placed his trust in certain people for financial guidance and he’s been betrayed, so it’s not been due to his negligence or ineffective financial planning. It’s just been swindlers and the ripple effects that their actions are causing,’ he said.
Portis was also among a group of NFL stars who invested in an Alabama bingo casino that lost the 35 players a combined $40million when it shut down in 2010.
As part of his reported $13.29million in assets, Portis included an $8million claim against Pro Sports Financial, which was involved in the casino, as well as a $2million claim against Jade Private Wealth Management.
SMH… We still wanna know what was going on with Portis and Nischelle Turner that she gave him half a milli. Let us find out she’s a real life Mary Jane Paul and Portis was playing Cutty Buddy! Then again, she has been a sideline reporter so maybe they’re just football friends…
Hit the flip to see the filing docs.
