facebook
twitter
rss
account
search
search

Vince Young to auction possessions to settle $1.7 million debt

Posted By CAROLINE LEE, UPI.com   |   July 26, 2013 at 3:18 PM   |   Comments

| License Photo
July 26 (UPI) -- Monday morning, police arrived at the Houston home of Vince Young to inventory his possessions and seize jewelry and expensive artwork as part of a loan collection effort.

Young took out a high-risk loan during the 2011 NFL lockout with a company called Pro Player Funding. He was taken to court after he defaulted on the loan, during which the court ruled in favor of Pro Player Funding, leaving Young with a $1.7 million debt.

Young is allowed to keep up to $60,000 as exemptions. His other possessions will be taken to be put on sale in a public auction.

The Tennessee Titans dropped Young, and he later played two short stints in Philadelphia and Buffalo. His NFL career is unlikely to continue.

Young was the third draft pick in 2006, and his first contract was for $26 million.

Follow @cmlee and @UPI on Twitter.
Contact the Author
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
Trending News
Video
x
Feedback