Warren Sapp files for bankruptcy

[MgoBlue-LightSpecial]

Future NFL Hall-of-Famer Warren Sapp has filed for bankruptcy ... claiming he's racked up millions of dollars in debts ... but worst of all, dude claims he LOST his 2002 Super Bowl ring.

Sapp -- who played in the NFL for 12 years -- just filed for Chapter 7 Bankruptcy in Florida ... and in the papers he gives a full rundown of his dire financial situation.

According to the docs, Sapp owes more than $6.7 million to various creditors ... including hundreds of thousands of dollars in child support payments and alimony to at least 4 different baby mamas.

Among the debts, Sapp says he owes $853k to the IRS for 2006 and another $89k for 2010. Sapp says he also owes $2,858 in medical bills for "Corrective Speech and Language Therapy."

Sapp says he only has $6.45 million to his name ... and lists all of his assets in the documents ... which include:

-- 240 pairs of Jordan sneakers and sandals
-- Large Nude women painting
-- Lion skin rug (female - lioness)
-- Nike golf clubs
-- De Grisogono watch (scratch on crystal, nicks and scratches on band)
-- A boxing glove signed by Muhammad Ali

But most interestingly, Sapp notes he has LOST two of his most treasured and valuable possessions -- the 2002 Super Bowl ring he won with the Tampa Bay Bucs (example below) and the 1999 National Championship ring he won with the Miami Hurricanes.

In the docs, Sapp also lists his current salary as an analyst for the NFL Network as $45k per month ... $540k per year. Sapp says his deal with the NFL Network expires in August and he's not sure if the network will extend his deal.

Calls to Sapp have not been returned.

http://www.tmz.com/2012/04/06/warren-sa ... 39wzNXgjq1

I'll bet he even scored higher than a 4 on the Wonderlic, too.

[R-Jack]

He's always been bankrupt. Just now he ain't got no money.

[Felix]

something ain't quite right here.....

According to the docs, Sapp owes more than $6.7 million to various creditors ... Sapp says he only has $6.45 million to his name

Sapp ONLY has $6.45 million to his name? not sure that qualifies as being bankrupt....maybe the NFL should develop a "how to hide money so nobody will ever find it" seminar for rookies

[BSmack]

Sapp ONLY has $6.45 million to his name? not sure that qualifies as being bankrupt....maybe the NFL should develop a "how to hide money so nobody will ever find it" seminar for rookies

His debts are more than that AND he is in serious danger of losing the only gig in the world that will pay him 6 figures once the NFLN breaks him off for outing Jeremy Shockey. He's smart enough to "lose" his Super Bowl and NCAA championship rings. Wonder if he'll be smart enough to "lose" them past the statute of limitations.

[MgoBlue-LightSpecial]

something ain't quite right here.....

According to the docs, Sapp owes more than $6.7 million to various creditors ... Sapp says he only has $6.45 million to his name

Sapp ONLY has $6.45 million to his name? not sure that qualifies as being bankrupt....maybe the NFL should develop a "how to hide money so nobody will ever find it" seminar for rookies

The answer to your confusion lies within your own quote. Remedial math skills required.

[Felix]

The answer to your confusion lies within your own quote. Remedial math skills required.

dude, you give me $6.45 million and I'll fucking guarantee you I'd never go bankrupt....if he's not smart enough to parlay his assets into sufficient profit to satisfy his debt service then he probably deserves to be destitute.....

[Shoalzie]

Paging Patrick Ewing...

[poptart]

Sapp says he also owes $2,858 in medical bills for "Corrective Speech and Language Therapy.

Corrective??

Sapp's speech has been corrected? lol


Therapist clearly pulled a scam on Warren there.


Judge poptart rules that this debt be washed away.