atlanta falcons

We learned last week that former NFL star Chris McAlister, a three-time Pro Bowler, is broke and living with his parents after just a year out of the league. But he's hardly the first sports icon to blow through the cash in a flash. In his honor, here are our 10 favorite professional asset-annihilating athletes.

Ticket prices to National Football League games continue to rise, according to a new study by Team Marketing Report. The average ticket to a game rose 4.5% to $76.47, according to the report's 2010 Fan Cost Index survey. The NFL's average for premium seats is $238.94, up 5.6% from last season. The...

Nike has sacked Philadelphia Eagles backup quarterback Michael Vick, contradicting the player's agent who said on Wednesday that the shoe giant had re-signed him. "Nike does not have a contractual relationship with Michael Vick," Nike said in a statement issued Thursday. Vick was released from...

Say you're the head of the National Football League. You have the chance to make a long-running and very annoying public relations problem go away without spending a penny. Oh, and you get to do the right thing in the bargain. Wouldn't you do it? That's the choice current NFL commissioner Roger...

Recently, former NFL start Michael Vick filed for bankruptcy while sitting in a Kansas prison. In 2006, Vick made almost $15 million. Now he makes next to nothing working in prison. He bankruptcy filing shows $16 million in assets, but over $20 million owed to creditors. Vick wasted a whopping $18...