Warren Sapp may have exited bankruptcy, but the star is still being forced to sell off many of his costliest possessions starting with his 15,000-square-foot Tuscan mansion in Windemere.
The former Tampa Bay Buccaneer was ordered by the bankruptcy courts to auction off the whopping house, which boasts four large bedrooms, five full bathrooms, and three half-baths. If you have a few million bucks lying around, you could soon own a bit of Warren Sapp history. The house goes under the hammer at 11 am on November 1.
The property was built in 2005 at a cost of almost $7 million and includes a wine cellar, a movie theater, an ostentatious resort-style swimming pool with waterslide, 10,100 square feet of living space, and a dock on Lake Butler.
You’ll also get to live in the exclusive Reserve at Lake Butler Sound, a suburb that Fisher Auction Co., which is handling the auction, promises is “home to high-profile celebrities, professional athletes and business executives.”
The value of the house has been placed at around $3.4 million by the Orange County property appraiser’s website.
The luxurious mansion is being sold to clear the bulk of Sapp’s $6.7 million debt. A federal judge in South Florida threw out Warren Sapp’s bankruptcy case last week due to the NFL Network analyst being able to pay off a hefty chunk of his debt.
That ruling came after Sapp filed for Chapter 7 protection in April, with a debt that exceeded $6.7 million and assets to the tune of $6.5 million. Said assets listed included a lion’s rug, over 200 pairs of Air Jordan shoes, a watch worth $2,400, and a large painting of a nude woman.
Anyone interested in landing themselves Warren Sapp’s mansion can head to the Fisher Auction Co. site; the auction itself will take place at the Orlando Airport Marriott, 7499 Augusta National Drive, Orlando.
Here’s a sneaky peek at the inside:
beautiful Mansion I`m feeling petty for sapp to sell out there mansion.
http://www.amcoitsystems.com
Arrogance, personified
What he thought they was going to let him still like he still got it going on? Make is ass sell all of those dame tennis shoes also.
wow! what a house, now sell the dam thing.
He should be forced to sell his belongings to help pay back his creditors. Aside from the fact he does not NEED the mansion, no one needs $6.7 million in debt regardless of how much money they make. This is a great example of celebrities living larger than they can afford.
Ugh! Some Pro athletes are so stupid! Have you ever noticed that when you see an athlete that has blown through all his money, they always have a ridiculously expensive house with more room than they would need for 50 people?
And that house always ends up being sold to pay off a creditor.
The old saying was wrong. It's not a "fool" and his money that are soon parted, it's a MORON and his money are soon parted.
These suddenly rich athletes and music stars run out and buy, buy, buy, thinking they'll be rich forever, Then when the money stops, they can't pay the taxes, can't pay the utility bills and can't pay for the simple upkeep. It's just a status symbol to impress their teammates and friends.
Warren, they call it trap and you can't walkout. Easy to acquire stuff not easy to get out of debt.
It happens to often and it couldn't happen to a better guy I have not liked warren sapp as long as I have liked football. All too many football players get into this kind of trouble after their football lives are done but I thought he was still making money as an analist which he does terribly since he called Brandon Marshall a "retard" too bad they don't have debtors prisions anymore.
This is not just limited to athletes. Studies show that lottery winners blow their money too. We're focusing on athletes, but the fundamental problem as a whole is that people and businesses don't focus enough on money management. For all the people who are critical of rich people losing it all, my question to you is: how many months would you be able to survive without steady income? The answer will tell you how well YOU have managed your personal finances.
Newsflash: MOST people live larger than they can afford, whether they're earning $40,000 or $4,000,000. This isn't a problem that is limited to athletes.
That's what he gets for purchasing a lion's rug!
Nice Warren nice! 200 pairs of Air Jordans? What a bonehead.
NEWS FLASH — Most people are not in bankruptcy and studies have shown that many former pro athletes are broke or nearly broke within 5 yrs after retiring. Thought I should add some FACTS
with jocks it seems the saying should be a fool and his money are soon partying and they don't realise how short the party is.
FACT — most people in America are not in bankruptcy. Also, studies have shown that former athletes tend to be broke or nearly broke within 5 yrs of retirement. Once again this is not the case for most retirees.
I will bet he is an Obama supporter.
FACT – The majority of workers cannot survive past 3 months if they lost their job. But you missed the point. My point is that most people are such poor money managers that if they were put in the SAME position as athletes – that they have to stretch 10 or 15 years worth of earnings until they die, they would not be able to do it either.
Thanks Jason. I never said in my comment that is was only a problem with athletes, so I am not sure where Mr Banks got that from. With that said, it is common for the celebs who overspend to end up bankrupt. Michael Vick has spent approximately $29 million of the $31 million he has made since filing for bankruptcy in 2008 (Michael Vick Watched 'Broke' And Has Reportedly Gone Through $29 Million In 4 Years). In fact, 78 % of all NFL players are divorced, bankrupt or unemployed two years after leaving the game, according to Ken Ruettgers, a former player and current advocate for NFL players transitioning from professional sports.
You're right. Greed has nothing to do with how much money you have. You can poor and greedy or rich and greedy. And many, many of us live beyond our means. Our govt is a prime example of that.
I see what's wrong with the world, people LOVE to talk about one another, FB, BLOGS, CNN, FOX TWITTER etc, will bring this world to an end SMH, none of you took a hit for HIS money….MIND YOUR BUSINESS….YOU NUTS.
Jason Radabaugh The number of Americans filing for bankruptcy in 2010 ticked up 9% over the previous year to more than 1.53 million, industry groups said Monday. http://money.cnn.com/2011/01/03/news/economy/bankruptcy_increase/index.htm – That was the total for last year…its been around 1.1 to 1.6 Million year over year for the last four years… that's approximately six million people…numbers don't lie…
FACT — Most Americans that retire with millions of dollars don't blow it and file bankruptcy in 3 yrs. Losing your job and not having enough to live off for 3 months is not the same as making 10s of millions and blowing it all. MOST people that makes 10s of millions don't go bankrupt == FACT
In fact, 78 % of all NFL players are divorced, bankrupt or unemployed two years after leaving the game, according to Ken Ruettgers, a former player and current advocate for NFL players transitioning from professional sports.
You're right Tara, my mistake. You didn't say that it was limited to athletes. It just seems that people single out celebrities and seem to revel in reports of their mishandling of their finances. I'm not accusing you of this, no. My point is that most people are not handling their finances correctly and can't survive if they missed 3 or 4 paychecks. Celebrities blow cash, normal workers blow cash. The only difference is the amount. The problem is the same.
You're still missing the point. MOST people are not handling their finances correctly and can't survive if they miss a few paychecks. Celebrities blow cash, normal workers blow cash. The only difference is the amount. The problem is the same. The narrative seems to be that this is a celebrity problem, but it's not. This is something that can't be disputed.
Were are your sources Jason Radabaugh? You're like a politician trying to pass off "facts" as realities. It all has to do with the ways millionaires receive their fortunes. If a business man amasses a $5,000,000 retirement fund through investments and savings, he'll most likely due well and not lose it. But that is because he is a business man and knew what he was doing in the first place. As apposed to athletes and entertainers, they earn their money very quickly, and usually the steady income only lasts a couple of years. Then they must rely on what they saved in that short period of time to retire. When the money comes quick and fast… It will also go quick and fast… That's just a "FACT" of life.
HA HA. Basketball shoes and probably rims and SUV's. Same story, different athelete.
Ms. Vickers, while I agree with you, I will disagree on one point. Michael Vick didn't blow through $30 million. It went to pay off his debts. The article you read regarding Michael Vick is misleading. It's not blowing through the money if it goes to your lawyers and creditors. Maybe most athletes wouldn't be broke is they had some kind of money management skills and hadn't married some gold digger to begin with that say them as a way out.
Just curious……Does a person's name influence his behavior?
Jason Powell– you are 100% wrong. you only see the ones in the news that go bankrupt. once again, most entertainers do not and in fact certain sports are worse than others.
Between 6/07 and 6/08, with a huge increase in filings, @ 700,000 cases were filed. That would be under one half on one percent.
FACTS — so most people are not like Sapp; in FACT less than 1% are like Sapp
Agree, Mr Banks, anyone can over spend. It is especially easy to do when you have access to a big income, a lot of credit. Actually even people who don't make a lot of money can overspend and end up bankrupt. It is the sad reality of poor money management.
Rick Ray According to his legal documents, Vick had to pay a total of $29.6 mil — of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses.$9.2 mil is an enormous amount of debt. So of $29.6 million dollars, only 2.7 went to attorneys. That leaves $26.9. If $10.9 went to taxes, $9.2 mil went to creditors, he should have had $6.8 left for child support and living expenses. Who in the world can not live on $6.8 million?
Buy a house for $500,000. Pay cash. Live within your means. Don't have kids out of wed lock. Stay married. And he would still be living well. Pro ball players don't have the common sense to know they are not getting that NFL check forever.
Nothing wrong with living in luxury IF you can afford it. It's a clue when a court has to order someont to sell things to pay off debts. This is just so ridiculous!
Also remember that most of the pro athletes came from poverty and this is the first time they had money to do anything. ESPN has a '30 for 30' show that just aired for the first time called 'Broke'. About pro athletes that have gone broke, declared bankruptcy. That because of this trend, that a 'class' is being offered in how to spot scammers and how to invest their money the right way. My daughter's school REQUIRES as part of their HIGH school education that everyone takes a MONEY MANAGEMENT class. But so many of the athletes have been pampered and someone else took care of them all their lives that once the real world hit, it kicked them in the teeth. I remember Andre Rison was talking and he got upset because his monthly check was suppose to be like $100K and when he got it, it was $55K. He had no clue about taxes, Medicare, etc., etc. Wow! He thought his getting $100K meant he got $100K.
FACT – Who gives a crap if athletes go broke?
Terrence- It would be fairly easy to survive without having a steady income if one made the amount Sapp has made during his career. Shaq never cashed an NBA paycheck and lived off endorsements and because of it he is still able to live like he always has. Sure, Sapp didn't get the endorsements Shaq did, but he still made a lot and just had to budget accordingly to very EASILY maintain a comfortable living for the rest of his life. Sapp was in the league a LONG time and had plenty of time to mature. He wasn't in the league and out in 2 years making a measly 1 million dollars total. Also, a lot of people seem to make this issue of athletes blowing money out to be a societal problem and that we need to teach money management to them. Seriously, who gives a shit?
That is sad! I remember when he was drafted all he wanted to do was take care of his family. He grew up poor, so you would think that he would appreciate money more! I don't know what happened! Same as the other's I guess!
This is just WRONG! These overpaid NFL players could use their MILLIONS to help out some many charitable organizations that are dying on the vine AND still have money left over for their own personal use. NO football player needs this big of a home except to show off!
A sap indeed.
How bout that Super Bowl Ring and the naked woman picture? that could fetch alot I bet!
These athletes just won't learn.
Why do you think he is working on NFL network. He need the $$$. He could have had a cush life buying a $500K house and properly investing his money.
The saddest part about this is that Vick had to pay 10.9 Million in taxes.
Michael Vick's money was "$10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants"… est of around 23. I would hardly call that blowing through money.
I do agree that most atheletes live above their means but Jason seems to miss the point that when someone is making millions of dollars each year that more people have theirs hands out and are attempting to swindle them with bogus investments. Forget about all the money one has to shell over to taxes. These guys are not hiding their money in off shore accounts like most people fail to talk about.
There are a few players right now taking legal action against being swindled out of money do to bogus investments.
That's what his fat ass gets! If he had hustled a more when he was on the Raiders, he might have made a few more bucks!
Gotta love the judge, she didn't let him get a free bankruptcy pass! Pay your bills if you have the resources before you try to write them off..duh!
Yea, most schools teach Geography, Science, Foreign Language, all sorts of bs you'll probably never use, etc… but when it comes to something actually useful like economics……Heck no. At least that's the way it was when i was there. I remember that specifically.
Yea, he put the sap in sap all right. Can someone please tell him that he doesn't have to yell on the NFL network.
How we spend a hundred dollars gives us an idea how we might spend a million. Very tragic…maybe he will seek help for the real problem…how do I live a life that is reasonable and prepare for my future. Sorry Warren.
Oh well! It's back to Liberty City Warren. Boy, how life goes in full circles!
Just cause someone is a professional athlete, it doesn't mean they are good with the money they make, maybe the NFL should hire people to help them with the money, just a thought.
Yes the Kicker there is to Pay cash aka pay off the house 100% . If I ever was lucky enough to win the lotto id make dang well sure I paid for everything off as I buy it. Make sure id stay as debit free as possible.
I don't get it..this happens all the time, you would think they would learn from pass pro's mistake.give me 5,10 mill a year for 4 or 5 years and I'd never have to worry about money ever again.
Tara Vickers you need to get your facts straight,Vick was ordered buy the courts to pay out that 29 mil to his creditors and has to do so until 2014.Right now he gets an allowance of 300k
Idiot
That's what happens when you spent all your money on food.
Michael Vick please take notes.
the "SAPP" didn't get to where he is on his brain power–dumb as a post.
I cannot feel sorry for Sapp. He is responsible for his finances and be an adult. No one needs 240 pairs of shoes. No one needs to have baby mommas all over the dam place. when u make $115K a month u have no EXCUSE.Celebrities and athletes and even regular everyday folks spend waaaay about their means..
FACT: Everything I say is a FACT and that is a FACT. You can't really be a TRUE fan of the NFL if you don't believe the FACTS that I say. That is a FACT.
You gotta watch the most recent episode of 30 for 30 on ESPN that details the millionaire athletes that are now broke.
Young kids with a huge cash injection. They buy material items to impress and I don't blame them. They may be broke now, but they got to live one hell of a life for a decade while the rest of us pay for gas with pennies.
Looks like you are the ignoramous on this one Monica because depending on the state you're in planned parenthood does perform mammograms. Next time do your research.