Evander Holyfield: this is a sad end.

[Master]

Holyfield was one fighter who I thought had it made, he had a lawyer and manager and no hangers on. However underneath that he had wives, mistresses and babies added to the fact he was spending stupid money on his mansion. He will survive but it is sad that he has not kept even a fraction of the money.

[Beanflicker]

I don't know how to feel when I read stories like this.

On one hand, like most people I feel that anyone who can foolishly blow 350$ million, a sum that people like us can't even wrap our minds around, deserves the hole he put himself into.

But on the other hand, I feel bad that yet another warrior is coming out the other end of the boxing tunnel a broken man.

[Kirkland Laing]

He used to blow serious money in the casinos too. He was a serious gambler as well as all the marriages and all the kids he knocked out. Still an awful shame though.

[CutMeMick]

I'll say this, it is sad because he's still human and we are fans of these warriors.
At the same time I just look past it I mean he lived it up and made the choices.

This is like PBF or De La Hoya being this way in the future. I mean yeah it would be sad as a fan but I wouldn't be moved by it or wouldn't lose any sleep...

You really wanna talk about sad look at how "El Vita" De Jesus lived the last years of his life.
Or what about how "El Radar" Benitez lives now that is sad. "School Boy" Chacon needs special care 24 hrs a day.

Not only is it sad but it's moving...

[captainanddew]

He used to blow serious money in the casinos too. He was a serious gambler as well as all the marriages and all the kids he knocked out. Still an awful shame though.

the espn 30 for 30 documentary titled Broke went through athletes andhow they end up shall we say "short of funds" within a few years of their careers in most cases.

most athletes have a few things in common: 1-they think their careers will never end. American football players have an average career of a few years. NBA careers on average aren't long. Most boxers that reach the top don't stay there for very long. Your time is limited. 2-they don't understand the concept of living below your means. If an NFL player gets a signing bonus of 4 million, then he needs to pay the taxes, have a little fun, and then save a super high % of the remaining amount. If you are single you don't need a 2 million dollar home with 20 rooms. Hell, you don't need a million dollar home in most markets. Buy something very nice, but reasonable. Buy a nice car and a nice truck. Then STOP WITH THE VEHICLES. If you want some jewelry go blow a couple of thousand on jewelry, then STOP WITH THE JEWELRY.

One of the smartest athletes in recent memory is Bobby Bonilla. He agreed to restructure his big contract and he is getting paid 1 million a year from the NY mets for another 15 or more years. He had a big deal, Mets wanted to restructure so he deferred almost all of it and the mets would pay it out over many years. Super smart deal. Resist the temptation to get a big chunk of money now and possibly blow through some of it.

As for Holyfield, this has been the likely ending for the past 10 years.

[Gandalf]

I don't really feel sad about someone who has spent 350 million dollars on crap he doesn't need and then years down the line realizes he is too old to earn more and has spent all that he had. The man is an idiot. What I feel sad for are those who work an honest life and still don't end up anywhere. Holyfield had his shot and he blew it. It doesn't take a smart man to have a few basic values in life and stick to them. Nobody needs 100 room mansions. Just stupid.