Thursday, November 20, 2008

Politics

USN Current Issue

Money Players

How some of the NFL's biggest stars got taken for millions

By Edward T. Pound and Douglas Pasternak
Posted 2/3/02
Page 7 of 7

Finally, the NFL Players Association has revoked his certification as an agent. In a letter obtained by U.S. News, the union cited his alleged mismanagement of Winfield's funds and the gifts of expensive suits and money that he gave to Winfield in 1998 "in an effort to induce Winfield into signing" with him.

Both the NFL and the union are reaching out to players, warning them of advisers pitching can't-miss deals. But, says union boss Upshaw, there are no quick fixes. "These sharks don't just disappear," he says. "They just move to another pool of water."

Big Losses

Some of the players who lost money investing with Lukens. He was accused by the SEC of concocting fraudulent schemes.

SIMEON RICE

Tampa Bay Buccaneers

$2.4 million

ERIC DICKERSON

Los Angeles Rams

$1.8 million

SEAN GILBERT

Carolina Panthers

$350,000

D'MARCO FARR

St. Louis Rams

$200,000

SHANNON SHARPE

Baltimore Ravens

$300,000

WILLIAM "TANK" BLACK. A jury in Gainesville, Fla., convicted Black last week of defrauding NFL players and others out of an estimated $14 million. The South Carolina sports agent could be sentenced to as much as 25 years in prison.

PLAYER CURRENT OR FORMER TEAM AMOUNT

Fred Taylor Jacksonville Jaguars $3.6 million

Robert Brooks Green Bay Packers $2.5 million

Ike Hilliard New York Giants $1.1 million

Germane Crowell Detroit Lions $500,000

Jacquez Green Tampa Bay Buccaneers $500,000

Rae Carruth Carolina Panthers $300,000

DUNYASHA MON YETTS. Winfield, a star Buffalo Bills cornerback, alleges that Yetts, his former friend and financial adviser, defrauded him out of part of his $3.5 million signing bonus. Yetts denies the allegations. The FBI is investigating.

PLAYER TEAM AMOUNT

Antoine Winfield Buffalo Bills $1.35 million

With Mark Madden and Carol Hook

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