Blog Entry

Turns out, Dez Bryant still owes $600K

Posted on: June 6, 2011 12:38 pm
Edited on: June 6, 2011 1:16 pm
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D. Bryant (US Presswire)Posted by Ryan Wilson

Cowboys wide receiver Dez Bryant said recently that he had "a handle" on a money situation that appeared to be spiraling out of control. As CBSSports.com's Will Brinson wrote Sunday, Bryant has been "sued by local jewelers, gotten in a tiff with mentor Deion Sanders, been banned from a mall for wearing saggy pants and absent from team workouts, and the Cowboys have expressed general concern with what he's been up to this offseason."

Turns out, Bryant's view of his financial affairs isn't shared by the people he remains indebted to. ESPNDallas.com's Calvin Watkins writes Monday that Bryant "still owes Colleyville jeweler and ticket broker Eleow Hunt a little more than $600,000 for jewelry, tickets and personal loans."
More on Dez

Whoever you blame for the current labor silliness, one thing is for certain: the owners can hold out a lot longer than the players. Partially because they have more money, but also because you seldom read stories of owners dropping 600 grand on "jewelry, tickets and personal loans."

When the Cowboys signed Bryant to a five-year, $11.8 million contract last July, it included $8.5 million in guarantees. That's a lot of coin to dump in anyone's lap, much less a 22-year-old fresh out of college.

The frivolous spending isn't surprising -- it's part of being young and impetuous -- but the owners knew that many players, especially those new to the league, wouldn't heed advice from their agents or union representatives to save money during the lockout. Which means that even players making well into six-figures could be short on funds any month now.  Paying for the clothes, the cars, the homes -- for themselves and family members -- adds up quickly. Since banks aren't in business to float interest-free loans, the money has to come from somewhere.

If you want to see football in the fall, this should be good news. Being broke serves as a catalyst to make progress on a new labor agreement, even the players have to make concessions they thought were off the table.

While it seems that Bryant is on the hook for at least another $600K, he sounds like he will be ready to go once the 2011 season begins. "From what I see, my relationship with Mr. Jones is fabulous," Bryant said recently. "The relationship between Big Tony [Romo] and me is great. He believes in me and knows what I can do. If he throws a jump ball, he knows that I will go up and get it."

Compartmentalization is a defense mechanism developed from perpetually being in the spotlight. In that regard -- being able to separate his personal life from his professional life -- Bryant sounds like a seasoned veteran.

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Comments

Since: Nov 12, 2006
Posted on: June 6, 2011 6:11 pm
 

Turns out, Dez Bryant still owes $600K

Ravenmaniac, you give Bryant too much credit.  He's not like a lottery winner - he's like hundreds of professional athletes who hit the big time.  But he's unique in trying to get something for nothing as a first year player.  If he's too dumb to add and too arrogant to accept responsibility, he's going to have a very hard time adjusting to life.  He's not the norm.  Most of these guys do just fine - you get sad cases like the Dave Duerson situation and others where bad investments and ripoff financial managers do even the good guys in.  Bryant's not one of the good guys.  He's a punk 22 year old prima donna acting like an irresponsible 15 year old. 

Players do live luxurious lives.  Most live within their means.  That's why you don't hear about them.

BTW, what does a $200M lottery win have to do with this?  Since you want to know, sure, the house, the car for me and the wife, and a grand vacation.  Not even close to $1M spent there.  This is about ego, not knowledge.  Most people know if you subtract a big number from a little one you get a negative number.  Bryant's baggage is his own - he's accountable for his stupidity.  But you're right - it has nothing to do with what team he plays for.



Since: Nov 12, 2006
Posted on: June 6, 2011 6:01 pm
 

Turns out, Dez Bryant still owes $600K

How is dez supposed to come up with that type of coin during the lockout?
Seriously?  He was already supposed to have paid it.  He received more than enough in his signing bonus to cover stupid purchases like this.  "A lot of the players are broke with no cash flow coming in"?  Really?  Other than the rookies and minimum-wage guys, who?  Who else do you hear unable to pay their bills?  Bryant leads the pack in being too stupid, arrogant, and irresponsible to actually pay his debts when he's already received enormous NFL paychecks.  Don't forget, he initially argued that he didn't owe anything.  He was trying to rip the man off and is being held accountable.  He's not a victim of the strike, he's just a tool who lacks a shred of integrity.



Since: Mar 15, 2010
Posted on: June 6, 2011 5:58 pm
 

Turns out, Dez Bryant still owes $600K

Wow! He is fitting in nicely with the Cowboys! I would say its Michael Irvin all over again! He has the number and the attitude to fit in just like Irvin did! It will be just a matter of time before he's arrested for drugs!

LOL

Marriage made in heaven!



Since: Jun 2, 2009
Posted on: June 6, 2011 5:33 pm
 

Turns out, Dez Bryant still owes $600K

If I have 10 dollars to my name I'll spend 20.  If I have 11 million to my name I'll spend 22 million. 



Since: Sep 24, 2008
Posted on: June 6, 2011 5:10 pm
 

Turns out, Dez Bryant still owes $600K

Anyone who thinks that just because he plays for the Cowboys that he is an idiot is just that...an idiot. The NFL is a cesspool of young immature talent with more money than brains. We feel that we are allowed to bash these people because we all know what we would and would not do if put in their place. Well this just in....we would do the same thing that they are doing. Anyone who says that they would bank all their money and not spend a dime is a pure and simple liar. 

Imaging winning the lottery for 100 or 200 million dollars. What would be the first thing you would buy? go ahead, answer the question. The answer is simple, a house, a car or two, a lavish vacation or even a condo in an exotic location. Soon, you're as broke as you were before you won the lottery. You, just like pro athletes are in uncharted territory.....loaded and not a clue in the world as to what to do with your new found wealth. 

The problem is the teams nor the NFL spend more than a few hours trying to teach these newly found millionaires how to handle fame and fortune and how to save or invest wisely. Teams need to sit these younguns down with not only their agents but a financial planner at contract signing and help them invest in their future. We all see what is happening right now with players asking each other for loans now that there is a lockout. Players live luxurious lives and way beyond their means. A million or two for a house, $200K for a sports car, another 100K for jewelry, cash for their entourage and lavish presents for mom dad and the rest of the family and friends. soon, they're broke. It doesn't take long but once the money is gone, so are the friends and family.

Until teams and the NFL start to care about the players we will continue to see players spending more and more everyday...until the are just like you and I......living paycheck to paycheck. 

So don't judge Dez because of who he plays for. See him for what he and every other young athlete coming out of college is.....greedy and not very educated.    



Since: Apr 14, 2009
Posted on: June 6, 2011 5:06 pm
 

Turns out, Dez Bryant still owes $600K

@Irony101, That was the dumbest thing I have ever saw anyone ever post on here. How long did it take you to think of that? You think Dez has a small brain... Back to the drawing board Ruh-Tard!!! Ha Ha...Dez the Pez.....Get a life....



Since: Nov 14, 2009
Posted on: June 6, 2011 5:05 pm
 

Turns out, Dez Bryant still owes $600K

The guaranteed money was for his physical skill, the non-guaranteed part was for his mental capacity and brilliance. Age can't be an excuse as I'm sure he's paid someone at sometime what he owed, coffee, gum, gas, something to eat etc.



Since: May 21, 2009
Posted on: June 6, 2011 4:30 pm
 

Turns out, Dez Bryant still owes $600K

Only in Dallas would some moron think he could get away with not paying.You get 8.5 million dropped in your lap and you have trouble paying up on your debt? Hell some of us cant even pay our Electric bill cause of no jobs. What a moron



Since: Mar 15, 2011
Posted on: June 6, 2011 3:59 pm
 

Where da money?

How is dez supposed to come up with type of coin during the lockout?  A lot of the players are broke with no cash flow coming in.  Dez is going to have his legal camp tell that jeweler to wait until the season starts.



Since: Jan 31, 2011
Posted on: June 6, 2011 3:54 pm
This comment has been removed.

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