VY possessions to be auctioned to settle loan debt

26 Jul

Vince Young once had the world by the tail. Now he is just another cautionary tale.

Per KHOU Channel 11 in Houston, a judge has ordered that some of Young’s property be auctioned off in order to satisfy a $1.7 million lockout loan taken out in 2011 that the quarterback defaulted on.

Deputy constables took inventory of furniture, jewelry and artwork in an effort to determine its value so that it can be sold to help pay off the debt. Young is allowed to keep $60,000 in personal property as a part of the order.

It is a sad story for the man who led Texas to a national championship in the 2006 Rose Bowl, then was the third overall pick by the Tennessee Titans that spring, signing a $58 million contract with $26 million guaranteed.

Young went on to become the NFL’s Offensive Rookie of the Year in 2006, but after that, his career tumbled downhill, and he has been out of football since being released by the Buffalo Bills in training camp last year.

Follow me on Twitter @TerryMc13

Terry McCormick covers the Titans for TitanInsider.com

Source: http://www.nationalfootballpost.com/VY-possessions-to-be-auctioned-to-settle-loan-debt.html

Behati Prinsloo Talia Castellano tiger woods mariano rivera mariano rivera emma roberts Matt Harvey

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: