Blog Entry

Report: Dez Bryant owes finance company $50K

Posted on: December 28, 2011 5:18 pm
 
BryantBy Josh Katzowitz

You might recall that Dez Bryant has had some legal trouble in the past year. He’s apparently worn his baggy pants too low at the mall and hadn’t paid off a $600,000 debt to a jeweler. It was enough to cause the Cowboys to express concern about off-the-field habits, while others, like my CBSSports.com colleague Mike Freeman. wondered about his on-field behavior.

Although Bryant said at the time of the jewelry story incident that he had a handle on his money problems, that might not be the case after all.

That’s because, according to the Boston Herald, Bryant refuses to pay off a $100,000 loan to Endurance Capital Fund, a micro-finance company based out of New York. The Herald writes that the debt is a year past due and that Bryant still owes more than $50,000.

The micro-finance company helps athletes and entertainers obtain large luxury items, and apparently, it’s unsuccessfully attempted to serve Bryant with a lawsuit in Dallas.

This from the ECF statement to Ian Rapoport of the Herald: “This was a simple transaction with a loan agreement and promissory note reviewed by Mr. Bryant’s advisors and signed by Mr. Bryant. We held up our side of the bargain, now we are simply asking that Mr. Bryant follow through with what he promised to do.

"We have reached out to everybody from Mr. Bryant’s agent to his mortgage broker to try to get this debt repaid.  Everyone acknowledges the debt, but nobody will come forward to repay it. This is a unique and disappointing experience. We have never had a client refuse to repay their debt before.”

With so many claims to Bryant’s money, you have to wonder what exactly happened to the five-year, $11.8 million contract ($8.5 million in guarantees) he signed before his rookie year.

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Comments

Since: Oct 28, 2006
Posted on: December 28, 2011 6:50 pm
 

Report: Dez Bryant owes finance company $50K

Well if he was hnaging around Sam Hurd.... that would explain where all of his money went.


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com