NFL quarterback Vince Young has been dealing with financial woes in recent years and on Tuesday it was revealed that his former financial adviser put together a seven-figure loan for the quarterback during the NFL lockout.
According to the Associated Press, the adviser said that he put together the $300,000 loan for Young because the quarterback wanted to throw himself a birthday party despite running low on his own funds.
Ronnie Peoples of Raleigh, N.C., said under oath during a videotaped deposition last month that he contacted the company Pro Player Funding LLC about the loan after he was told Young had paid for the party. The deposition was taken due to a suit that Young is doing, challenging the validity of a $1.7 million judgment against him. A transcript of the deposition was obtained by The Associated Press.
The attorney for Young said everything was not true that was said by the adviser.
All this started for Young last year when it was revealed he was broke after squandering all the money he made as a top 10 pick in the NFL. Taken as the No. 3 player in the 2006 NFL Draft, Young signed a five-year, $58 million contract that included $25.74 million in guaranteed money, but he has lost most of it.
Young was previously with the Buffalo Bills, but was cut in late august. He spent the 2011 season as a backup for Michael Vick on the Philadelphia Eagles. According to the Associated Press, Young claims he lost $5.5 million due to mishandling by his former agent, Major Adams, and a North Carolina financial planner, Ronnie Peoples. He is suing both of them in a lawsuit filed in June.
The suit was filed five days after a New York lender notified Young that a loan of nearly $1.9 million obtained in his name during the NFL lockout in 2011 was in default. Young is now seeking to stop the lender, Pro Player Funding LLC, from enforcing a judgment of nearly $1.7 million, claiming he wasn't involved in obtaining the loan and that the proceeds went to Adams and Peoples.
Throughout his career, Young has had personal issues on and off the field.
In 2008 after a rough game against the Jacksonville Jaguars in which he threw two interceptions and hurt his knee, the following day Young left his house without his cell phone. He missed an examination by the medical staff and prompted Fisher to call the Nashville police because he thought Young was missing and had previously mentioned suicide. After a four-hour search he was found and he met with Fisher at the team facility.
In June of 2010 Young got into an altercation at a strip club that was caught on camera in Dallas. Young wasn't arrested in the fight, but later was hit with a lawsuit and also had to face a misdemeanor charge.
During the 2010 season he led the Titans to a 5-5 record before injuring his thumb in a game. Although he was ready to go back in, he was held out by head coach Jeff Fisher and then proceeded to throw his shoulder pads into the crowd as he left the field, had an altercation with Fisher in the locker room.
Coming out of college, Young was seen as one of the next NFL superstars. He was drafted third by the Titans after a senior season at Texas that saw him win the National Championship at the Rose Bowl on a last second dash against USC.
He began starting for the Titans when they were 0-3 in 2006, and the led the team to an 8-8 record and won the Rookie of the Year Award. He made the Pro Bowl and threw for 2,199 yards and 12 touchdowns while also rushing for 552 yards and seven scores.
