The lawsuit was filed in federal court in Houston, Texas on Monday, and outlines details of several million dollars in lost funds since Young’s signing with the Tennessee Titans out of the University of Texas in 2006.
The suit was filed against two men: Young’s former financial adviser Ronnie T. Peoples, head of Peoples Financial Service Inc., a Raleigh, North Carolina financial services firm, and Major Adams II of Houston who was Young’s original player agent.
Adams has denied any malfeasance, claiming he never had any access to Young’s accounts so it would have been impossible for him to misappropriate funds. Peoples has yet to comment as of the time of this article.
It’s a sad state of affairs for Vince Young, who enters the 2012 season with yet another team, and is trying to hold onto whatever shred of a career he has left in the NFL after being a journeyman backup in recent years, and by most accounts, failing to live up to his vast potential.
After two Pro Bowl appearances with the Titans– one in 2006 during his rookie season, and another in 2009– Young saw limited action in 2011 as a backup for Michael Vick with the Philadelphia Eagles and enters the 2012 season as Ryan Fitzpatrick’s backup in Buffalo.
Young’s story is further proof of just how vital it is for professional athletes– especially those embarking on their careers– to have a deep, established trust with those who handle their financial and personal matters.
A pro sports career, after all, doesn’t typically have much to do with longevity.
All too often, predators are lurking in the wings to take advantage of the ill-informed.
It’s a lesson often learned the hard way.
Kris Hughes is the College Football Network Manager for Rant Sports and a member of the Football Writers Association of America. You can follow him on Twitter or check out hisFacebook page. Kris is also the host of Rant Sports Radio on the Blog Talk Radio Network Wednesday evenings at 8 Central Time.