Warren Sapp Net Worth, Salary, Contracts, Bankruptcy

Filed in Entrepreneur , Model , Music Producer , Musician , Tennis 0 comments

Warren Carlos Sapp

Net Worth:  -$1 million

Source of Wealth: sports, football

Born: December 19, 1972 in Plymouth, Florida.

Pro Career: 1995-2007

How much money did Warren Sapp make?

Season Team Base Salary Sign Bonus Cap Value Salary
2000 Tampa Bay Buccaneers $4,900,000 $1,730,000 $6,630,300 $6,630,300
2003 Tampa Bay Buccaneers $6,600,000 $6,600,000 $6,600,000
2001 Tampa Bay Buccaneers $4,200,000 $5,930,000 $5,930,000
2002 Tampa Bay Buccaneers $5,250,000 $6,981,530 $5,251,530
2004 Oakland Raiders $660,000 $4,500,000 $1,450,000 $5,200,000
2007 Oakland Raiders $4,800,000 $6,397,000 $4,900,000
2006 Oakland Raiders $4,500,000 $6,097,000 $4,600,000
2005 Oakland Raiders $765,000 $3,735,000 $2,262,660 $ ,500,660

Contracts
2004 – Signed a 7-year, $36.6 million contract with the Oakland Raiders.
1998 – Signed a 6-year, $36 million contract with the Tampa Bay Buccaneers.
1994 – Signed a 4-year, $4.4 million contract with the Tampa Bay Buccaneers.

Paid endorsements and sponsors

Sapp has gotten endorsement deals with Nike (Jordan Brand), National Car Rental, and Swanson (Hungry-Man), among others.

Bankruptcy

In 2012, Sapp filed for Chapter 7 bankruptcy in Fort Lauderdale, Florida. Sapp’s $6.45 million in assets includes 240 pairs of Jordan sneakers worth almost $6,500, a lion skin rug worth $1,200, and a $2,250 watch.

The filings shows Sapp owes more than $6.7 million to creditors and back child support and alimony. He also owes a speech therapist and the IRS.

Sapp also reported losing his 1991 national championship ring from the University of Miami and his 2002 Super Bowl ring with the Tampa Bay Buccaneers.

According to the filings, Sapp’s average monthly income is $115,88,  and includes $48,000 for an appearance with CCA Sports, $45,000 for a final contract payment with Showtime, and $18,675 as an advance for a book deal.

Sapp makes $540,000 per year as an analyst at  the NFL Network. His contract expires in August 2012.

 

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Posted by Admin   @   5 May 2012 0 comments

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