- Before retiring from the NFL in 2008, Warren Sapp, a former defensive tackle for the Tampa Bay Buccaneers and Oakland Raiders, earned $40 million in salary
- He declared bankruptcy in 2012 because his debt ($6.7 million) exceeded his assets ($6.4 million).
- His inability to pay property tax, car rental service fees, and alimony/child support to his ex-wife Jamiko Vaughn caused the debt to skyrocket.
Warren Sapp’s net worth is estimated to be $500 thousand as of 2023. His NFL career lasted 13 seasons, nine with the Tampa Bay Buccaneers and four with the Oakland Raiders, and he earned approximately $40 million. Four years after retiring, the former defensive tackle who played for Miami in college declared bankruptcy in 2012, owing $6.7 million.
Here’s a look at how he wasted his wealth.
Warren Sapp’s Net Worth
The net worth of Warren Sapp is now estimated to be $500 thousand. He made money from the jobs he took after leaving the NFL in March 2008.
The Florida native began his career as a studio commentator on Showtime’s Inside the NFL in August 2008 and continued until 2011. In 2009, he made his stand-up comedy debut at the Comedy Central Roast of Larry the Cabel Guy.
He also worked as an analyst on two new NFL Network programs, NFL Total Access and NFL GameDay Morning, where he earned $45,000 per month before being fired in 2015.
Sapp co-produced Judge Sapp, a TV show series, with the Network of Champions (NOC). Over the years, he has been involved in various podcasts, including BetUs and his own, 99 Problems with Warren Sapp.
There is currently no proof that Sapp is working and making money. His present net worth appears to be decreasing as time passes.
How The Former Tampa Bay Buccaneers Defensive Tackle Earned $40 Million During His NFL Career
Warren Sapp made roughly $40 million throughout his 13 seasons in the NFL. His contract with the Tampa Bay Buccaneers and the Oakland Raiders provided the funds.
The Florida native began his career after being picked in the first round of the 1995 NFL Draft by the Tampa Bay Buccaneers. Three years later, he agreed to a six-year contract extension worth $36 million.
Sapp played nine years with the Bucs, helping them win their first Super Bowl in 2002. In addition, he got $26.7 million, which increased to $39.7 million when a signing bonus and other incentives were factored in.
In 2004, after his contract with the Buccaneers expired, he signed a seven-year, $36.6 million contract with the Oakland Raiders. In his four seasons with the Raiders, he earned a total of $10.7 million. Similarly, after the signing bonus and other incentives were added, the total increased to $19.2 million.
The table below provides details of his salary with the Buccaneers and Raiders:
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How Sapp Blew His Money
Sapp declared bankruptcy in 2012 after earning over $40 million between 1995 and 2004. His assets were appraised at $6.45 million, while his debt was increased to $6.7 million.
The 52-year-old claimed in the complaint that he had lost the University of Miami championship and Super Bowl rings. At the time, the balance in his savings accounts was allegedly less than $1,000.
His extravagant lifestyle, tax avoidance, and alleged reluctance to pay child support to his ex-wife Jamiko Vaughn all contributed to his downfall.
Sapp Paid Fines For Bad Behavior During His NFL Career
While the former defensive tackle was still active, he was punished on multiple occasions for inappropriate behavior. He was fined $50,000 in 2003 for running into an NFL official before a game with the Washington Redskins. In addition, the NFL fined him $75,000 in 2007 after an altercation with game officials during which he was expelled after three unsportsmanlike behavior penalties.
His Expensive Lifestyle
The pro football Hall of Famer was notorious for living a lavish lifestyle, which further diminished his money. He possessed nearly $6,000 in Jordan sneakers, a $2,250 Rolex, and a $1,200 lion leather rug with a painting of a naked woman.
He Evaded Tax Payments
Warren owed the Internal Revenue Service (IRS) $853,003 from his 2006 earnings and $89,775 from his 2010 earnings when he filed for bankruptcy in 2012. Furthermore, he owed $68,738 and $90,685 in property taxes for Windermere, Orange County, Florida, and National Car Rental, respectively.
Warren Failed To Pay Alimony/Child Support To Ex-Wife Jamiko Vaughn
Warren Sapp married Jamiko Vaughn in January 1998 and divorced in 2003, after having two children, Mercedes and Warren. According to reports, he paid his ex-wife alimony and child support four times; $16,000, $25,000, $25,000, and $9,000, but he was still left with $876,000 to settle.
The Hall Of Famer Sold His Luxury Mansion In Florida
Warren sold his 10,000-square-foot home in Windermere, Orange County, Florida, to fitness enthusiast Brenda Dykgraaf for $2.9 million in 2012. The home cost $7 million to build in 2005. So, selling it at that price cost him $4.1 million.
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