TRENDING: Antonio Brown filed for bankruptcy and currently owes eight creditors nearly $3 million.
In the Chapter 11 filing, Brown claims he has less than $50,000 in assets per @timesunion.
@AB84 earned over $88M in his career; let's break down how he lost it all 👇
🧵1/10
In the Chapter 11 filing, Brown claims he has less than $50,000 in assets per @timesunion.
@AB84 earned over $88M in his career; let's break down how he lost it all 👇
🧵1/10
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AB obviously didn't actually make $88M in his career after accounting for:
∙ Federal Income Taxes (10-37%)
∙ State Income Taxes (0-13.3%)
∙ Jock Taxes (0-13.3%)
∙ FICA Taxes (1.45% & 6.2%)
∙ Agent Fees (1.5-3%)
2/10
∙ Federal Income Taxes (10-37%)
∙ State Income Taxes (0-13.3%)
∙ Jock Taxes (0-13.3%)
∙ FICA Taxes (1.45% & 6.2%)
∙ Agent Fees (1.5-3%)
2/10
After all that, most athletes are typically left with 50-60% of their reported salaries.
This means AB probably only retired with around $50M in 2021, and things only went downhill from there.
3/10
This means AB probably only retired with around $50M in 2021, and things only went downhill from there.
3/10
January 2020: Brown is arrested after failing to pay $4,000 to a moving company whose driver sued Brown for assault and battery.
Brown was suspended for eight games and ordered to pay the driver $1.2 million.
4/10
Brown was suspended for eight games and ordered to pay the driver $1.2 million.
4/10
April 2021: Brown settles a sexual assault case with his former trainer.
While the settlement details are private, Brown previously denied a $2.7M offer but was ordered to pay $100,000 by a judge for breaking confidentiality.
5/10
While the settlement details are private, Brown previously denied a $2.7M offer but was ordered to pay $100,000 by a judge for breaking confidentiality.
5/10
September 2021: Brown is sued by KBC marketing for not paying his agent more than $2 million in earnings.
The company sought $100,000 in damages.
6/
The company sought $100,000 in damages.
6/
March 2023: Brown buys 47.5% of the Albany Empire for $350,000.
Soon after, the team was kicked out of the National Arena League because Brown failed to pay a $1,000 fine.
Brown also failed to pay his coaches and staff, although a lawsuit was never filed.
7/10
Soon after, the team was kicked out of the National Arena League because Brown failed to pay a $1,000 fine.
Brown also failed to pay his coaches and staff, although a lawsuit was never filed.
7/10
April 2023: Brown is sued by a celebrity jeweler who loaned Brown two diamond fingers that cost $500,000 each.
Brown never returned the jewelry and was ordered to pay $1.1M by a judge.
8/10
Brown never returned the jewelry and was ordered to pay $1.1M by a judge.
8/10
Per the @timesunion, Brown still owes:
∙ $100,000+ in credit card debt
∙ $296 to a plumber
Brown has also had to settle with private chefs and moving companies several times for unpaid wages as high as $38,000.
9/10
∙ $100,000+ in credit card debt
∙ $296 to a plumber
Brown has also had to settle with private chefs and moving companies several times for unpaid wages as high as $38,000.
9/10
According to the court filings, Brown is also unable to pay at least three six-figure civil suits he's lost.
Oh, how the mighty have fallen...
10/10
Oh, how the mighty have fallen...
10/10
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