7 MLB Stars Who Went Broke
While the HGH-fueled bulklords receive all of the scrutiny these days, MLB’s financial dopes are the bigger epidemic. For every Jeter who knows how to manage the cash flow and be a bit discriminate with the decision making, there’s a Dykstra who will beg, cheat and steal to keep the bling-bling lifestyle going. Here’s a list of some of baseball’s biggest financial busts.
It’s hard not to call old Gaylord a slow southerner. I’ll save the cheater label for another day. Making the rounds and good money with 8 different teams while pitching in MLB, Perry decided to give tobacco and peanut farming a go after retirement. Within five years of opening his 500 acre enterprise, the tobacco market and Gaylord’s fortune went up in smoke. Forced into retail sales, Perry scraped by until a small South Carolina college asked him to revive a baseball program.
The “Bloody Sock” was a stud on the pitcher’s mound but a dunce with his money. Making over 90 million during his illustrious professional career, Schilling lost it all on video games. Yes, video games. Building a video gaming company when you have no background in software engineering is not exactly the best business move. Now defaulting on a multimillion dollar invest loan from the state of Rhode Island? That’s just dumb. Schilling had it all, and lost it all. He even had to sell the sock.
Another day, another dense pitcher. Eyre was quite effective as a reliever for a number of clubs, but downright moronic in managing his earnings. Another duped victim in Allen Stanford’s 8 billion Ponzi scheme, Eyre realized zero returns on the millions he handed over to Stanford. With $13 to his name when he showed up to Phillies training camp in 2009, Eyre had to beg management for a “quick cash” advance on future earnings. Stay away from Amway, Scott.