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Think this is what Kramer was talking about?

this is a discussion within the Saints Community Forum; Deuce McAllister’s financial woes continue, house set for auction | ProFootballTalk...

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Old 07-15-2011, 07:19 AM   #1
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Unhappy Think this is what Kramer was talking about?

Deuce McAllister’s financial woes continue, house set for auction | ProFootballTalk
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Old 07-15-2011, 07:38 AM   #2
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My $.02...again.

First off...I got to say that I can in a very small way understand how this can happen to people. It was not that long ago that I had a job with a salary that some here would probably consider huge...however, at the same time there would be others who would consider it chicken feed. I can only speak from my perspective...and from my perspective it seemed like an awful lot.

I thought there would be no way that I would ever be living from paycheck to paycheck...but it actually turned-out that way. I found a way to spend the extra money...with a little help from my wife...and I began seeing things from a different perspective.

Don't get me wrong. I was nowhere close to the kind of money these guys are making. I think what happens is that when you start dealing in big dollars...and remember, I'm just guessing...that possibly your whole world turns into big numbers. If you give it a little thought, you can see how that might be possible.

As a star RB for the Saints, I'm sure that Deuce was expected to live a certain lifestyle. He is going to be looking for a million dollar house, and that includes everything that goes with it.

I am not excusing them. I am saying that it doesn't take much thought for me, since I have experienced it myself to a much, much smaller degree, to see how these guys can end-up spending their money just like most everybody else.
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Old 07-15-2011, 07:47 AM   #3
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Investments gone wrong.

I have sympathy and understanding for guys like Deuce and Mark Brunell who actually tried to grow their money. For guys like Travis Henry, they can shove it.
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Old 07-15-2011, 08:23 AM   #4
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He played less than 10 yrs which I believe at 55 he will take in a whopping $14,000 annually from his pension. My military pension is more which is sad considering the amount of money he made. That 14K wouldn't even cover the taxes on a million dollar home.
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Old 07-15-2011, 09:41 AM   #5
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Originally Posted by papz View Post
Investments gone wrong.

I have sympathy and understanding for guys like Deuce and Mark Brunell who actually tried to grow their money. For guys like Travis Henry, they can shove it.
I agree Papz, plus Deuce was a fairly generous individual. I hope for him that things turn around. Good guy- just sad
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Old 07-15-2011, 09:50 AM   #6
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Investments sometimes go sour, it happens to some of the savviest. He owes 1.8 mil ??? in St. Charles Parish ??? How much did that thing cost??? I hear what you're say'in Saints_LB but I'm sure a 650K property would have sufficed. Its probably kind of hard to see it our way when your monthly pay stub says $217,688.39 after taxes and fines. His house note is only $6,300 ... he thinks "I'm good". They probably think that money will last forever. Then forever shows up. I hope that he and his people were smart enough to have actually protected a 1/3 of all that money in retirements and annuities, so that they can take the house and the businesses, and he and his family can still be comfortable. God forbid Duece having to join forces with Kramer and his argument. Benson ought to buy it and gift it back to him.
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Old 07-15-2011, 10:45 AM   #7
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Night clubs, restaurants, real estate, dealerships all involve huge risks. Even if you know the business like the back of your hand it's often still not enough. You have to be prepared for a worst case scenario of losing that investment and still be able to stand on your feet. Whenever I buy stock I always take this into consideration. I'm fine with losing a few grand here and there but losing my home and going bankrupt, I'm not fine with. Some people are and no matter what classes or training they get they will still roll the dice.
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Old 07-15-2011, 11:02 AM   #8
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I agree and definitely understand what you guys are saying. I was raised in a way that if you don't have the cash upfront for it, you probably don't need and/or afford it. Just saying that I feel more compassion towards guys like this as opposed to the irresponsible people sitting on their money and now asking the league for more compensation.
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Old 07-15-2011, 11:57 AM   #9
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Do anyone know if his car dealship was doing bad before Katrina.
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Old 07-15-2011, 12:17 PM   #10
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Originally Posted by Luda34 View Post
Do anyone know if his car dealship was doing bad before Katrina.
I think it was staying afloat. The problem happened when he decided to expand just before the bottom fell out the economy. Sales dropped off the edge of a cliff. He simply had too much debt and no way to pay it back.
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