Blog Entry

Jamarcus Russell's Oakland house foreclosed on?

Posted on: March 3, 2011 11:23 pm
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Posted by Will Brinson

One of the biggest issues in the current CBA negotiations is the rookie wage scale. One of the biggest reasons the owners want a rookie wage scale is because people like JaMarcus Russell -- probably the biggest bust in the history of the NFL Draft -- once upon a time made $60 million.

Oh, and hey, look -- his giant Oakland mansion is apparently being foreclosed on! What timing!

TMZ first found the news and claims to have foreclosure documents, which seems like something they could easily prove. It also seems like something pretty logical -- Russell doesn't exactly have a track record for being either fiscally responsible, good at football, or in shape.

In short, his life's been a pretty big mess since Oakland drafted him and it doesn't appear that things are going to get any better for him, especially when he really becomes a poster boy for the NFL's argument about overpaying rookies.

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Comments

Since: Oct 23, 2006
Posted on: March 4, 2011 8:45 am
 

Jamarcus Russell's Oakland house foreclosed on?

The black culture has to change.  These athletes are not put on a budget.  Russell has 5-6 cars, a couple of Bentleys that cost 200K a piece.  They are destined to fail.  buy yourself one very nice vehicle..buy your mom of dad a brand new Taurus.  Get yourself a nice place to live and do safe investments.   With Russellls income that one contract set him up for life.   It truly amazes me that this happenes over and over and over again.



Since: Dec 6, 2010
Posted on: March 4, 2011 8:33 am
 

Jamarcus Russell's Oakland house foreclosed on?

next home....san quetin



Since: May 30, 2007
Posted on: March 4, 2011 6:57 am
 

Jamarcus Russell's Oakland house foreclosed on?

The same reason he failed at the NFL, he doesn't have the maturity to wisely hold on to the money (which BTW if the NFLPA cared about the players would be going to veterans who've payed their dues instead paying people for what they did in college)



Since: Mar 14, 2007
Posted on: March 4, 2011 3:15 am
 

Jamarcus Russell's Oakland house foreclosed on?

I'm always amazed how the economy can be so bad with so many athletes blowing through millions of dollars in such short periods of time.



Since: Mar 26, 2009
Posted on: March 4, 2011 12:09 am
 

Jamarcus Russell's Oakland house foreclosed on?

Cough syrup is a pretty pricey item these days.



Since: Sep 7, 2006
Posted on: March 3, 2011 11:57 pm
 

Jamarcus Russell's Oakland house foreclosed on?

wow im impressed, he's already having money issues?? i mean it's only been like a year since he got cut and he's made at least $40 million since he came into the league, how in the world did he manage to already spend all of the cash he accumulated in those years with the raiders??



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