I wish I could say I am surprised, but I am not.
Many times when young athletes get paid they blow their initial money and they have a lot of help blowing it because their family, friends and women all want a piece of it.
Unless they turn out to be really exceptional players that second big contract never comes and they end up in a situation like Trent Richardson.
Larry Brown Sports transcribes the ESPN E:60 Report.
Richardson revealed that his family and close friends blew through $1.6 million of his money between the months of January 2015 and October 2015.
“I finally just looked at my bank statement, and I was just like, ‘Where did this come from? Where did that come from?’” Richardson recalled.
The money was apparently spent in a variety of ways. Richardson told Smith that at one point there were 11 Netflix accounts and eight Hulu accounts under his name, and he doesn’t use either service. He also said he noticed several charges from Amazon.com. Richardson’s friends and family also often ordered bottle service and VIP packages at nightclubs, and the 26-year-old running back says he doesn’t even drink.
“I was like, ‘How did y’all spend this money?’ I spent $300 in two weeks,” he said. “Y’all are trying to live a lifestyle that I’m not even living, that y’all think I should be living.”
Richardson who got all of his $20.5 million rookie deal money eventually had to start cutting people off including his brother. He isn’t broke, but he also isn’t as rich as he should be.
Flip the page to watch the full video of him explaining what happened..