Former NFL defensive tackle and Super Bowl champion Warren Sapp has put his Florida mansion on the market after filing for bankruptcy this year, and becomes the latest athlete to lose millions.
The 15,000-square-foot Tuscan style mansion is located in the wealthy Orlando suburb of Windermere, and sports four bedrooms, five full bathrooms, a wine cellar, a movie theatre, and even a resort-style swimming pool complete with a waterslide. Built in 2005 for nearly $7 million, the home is up for auction on Nov. 1 under orders from a bankruptcy court.
The 39-year-old Sapp filed for Chapter 7 bankruptcy in April after claiming debts totaling $6.7 million. The sale of the house should clear most of Sapp’s substantial debt, but the NFL Network analyst must still cover a hefty tax bill to the IRS. Sapp owes more than $900,000 to the IRS for the tax years of 2006 and 2010.
The University of Miami standout joins what is becoming a growing list of famous and wealthy athletes to see their sizeable fortunes wither away after their playing is over.
Former New York Mets outfielder Lenny Dykstra is one of the most extreme examples. Dykstra faces 20 years in prison after pleading guilty in July to counts of bankruptcy fraud, concealment of assets, and money laundering.