Warren Sapp says a bad construction deal at the worst possible time sent him spiraling into debt that led him to file for bankruptcy last week.
Sapp made his first comments on the situation to Tampa Bay Times columnist Gary Shelton and said he was motivated to file for bankruptcy with $6.7 million worth of debt because he didn’t want to go to jail.
“Do you think I wanted to declare bankruptcy?'' Sapp told Shelton. "Do you think if there was any other way possible I would have done it? It was either this or go to jail. Those were my choices.''
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Sapp estimates he grossed about $60 million during his playing days, primarily with the Tampa Bay Buccaneers, and now he’s reduced to not much. It’s a little hard to believe one failed investment project, building homes in Fort Pierce, Fla., broke him. But that’s what Sapp explains.
Since, he’s become the butt of plenty of jokes. Sapp claims he’s lost not only his Super Bowl XXXVII ring but also his ring he earned as a member of a national championship team at the University of Miami. Losing one ring? OK. Losing two rings? Come on. They’re really been misplaced?
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