Vince Young should serve as the poster boy for all that is wrong with big rookie contracts. He was the third overall pick taken in the 2006 draft by the Tennessee Titans. He signed a five year contract for $26 million, but his time with the Titans was filled with highs and lows as a starter and backup.
After being released at the end of the 2010 season, he signed with the Philadelphia Eagles where he was a backup to Michael Vick. Red flags should have appeared as he was one of the players who sought financial assistance during the 2011 labor lockout from the Pro Player Fund of the NFLPA. He took a $1.9 million loan with a 20% interest rate because of his apparent financial problems.
The Buffalo Bills brought him into training camp this season, but released him in August. From there, it's been all downhill. His $26 million is all but gone. He faces litigation against financial advisers, accusing then of fraud. His finances are a mess. He is broke and out of the NFL with an uncertain future.
Young is typical of so many players who get a ton of money when they are young, They get bad financial advice and spend the money frivolously. Now, he has nothing to show for it. He won't be the last to face this problem. The league struggles to educate its players about this.
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