Haha, further evidence (was more needed?) that Steeler fans are idiots:
http://sports.yahoo.com/blogs/nfl-s...confused-mike-wallace-deceased-144138058.html
How far the mighty have fallen. Anyone remember superagent Leigh Steinberg, the guy who signed so many NFL players to multimillion dollar contracts? He’s bankrupt now:
How good was he in his prime? How much money did he make?
And had a movie made based on his life. Then it all fell apart:
Read more: http://sportsillustrated.cnn.com/2012/magazine/04/10/steinberg/index.html#ixzz1rr3Ryz5n
When Mike Wallace died on Sunday, a number of NFL fans heard the news and wondered if the Mike Wallace in question was the Pittsburgh Steelers receiver, not the legendary CBS newsman.
Most people quickly figured out that it was the latter, by either clicking on a link, reading a headline, sticking around through a commercial break to see the news segment or using some common sense. A few hundred Twitter users didn't.
http://sports.yahoo.com/blogs/nfl-s...confused-mike-wallace-deceased-144138058.html
How far the mighty have fallen. Anyone remember superagent Leigh Steinberg, the guy who signed so many NFL players to multimillion dollar contracts? He’s bankrupt now:
The agent's Chapter 7 bankruptcy filing from Jan. 11 accentuates the point. Asked to list his assets, Steinberg could produce only the car ($6,700), a Vizio flat-screen TV ($1,000), miscellaneous personal effects ($650) and a Wells Fargo checking account containing $100. That isn't much to go on for Richard Marshack, attorney for the bankruptcy trustee, whose mandate is to find potential assets and redistribute the money to Steinberg's long list of creditors, which include the Irvine Co. ($1.4 million in rent on his old office space); San Diego Private Bank (a $400,000 loan); his younger brother, Don (a $7,500 loan); and a dentist ($7,000 in fees). Sixteen creditors are listed, combining for $3.2 million in total debt. The bankruptcy proceedings should wipe the slate clean -- with the exception, possibly, of one claim that could crush Steinberg's professional revival.
An ex-client, NFL special-teamer Chad Morton, alleges that Steinberg owes him as much as $858,851, plus interest. In 2003 a Steinberg employee took a $300,000 loan from Morton, allegedly to fund a business venture in China that failed. Steinberg, who says he didn't know about the loan when it was made, agreed in 2008 to pay a settlement of $900,000. ("I didn't get into this business to do harm to athletes," he says.) He hasn't been able to come up with the money. Morton's lawyers say they plan to file a complaint alleging that Steinberg engaged in fraud, breach of fiduciary duty or willful malicious misconduct -- any of which would make his debt to Morton non-dischargeable, even after filing Chapter 7.
How good was he in his prime? How much money did he make?
He negotiated Steve Young's record $42 million rookie deal with the (now-defunct) USFL's Los Angeles Express in '84. Five years later, he did both Warren Moon's $10 million contract with Houston and Troy Aikman's $11.2 million rookie deal with Dallas. ("I thought, This is the smartest guy I've ever been around," Aikman recalls.) And the commissions -- typically 4% to 5% for contracts and 15% for endorsement deals -- rolled in.
And had a movie made based on his life. Then it all fell apart:
Among Steinberg's many failed businesses were a Dallas restaurant, a radio network and at least five Internet startups. "I had the right vision," Steinberg says. "We were just 10 years ahead." At his five-hour-long debtor's hearing last February, the recitation of his ill-fated web stocks grew so lengthy that lawyers cracked jokes at Steinberg's expense.
In April 2007 the agent who used to remind clients, "If you're going to drink, don't drive," did both in Newport Beach once again, crashing his Mercedes ML 500 into three parked cars and a fire hydrant around 1 a.m. (Steinberg pleaded guilty to misdemeanor charges.) At upscale parties his drink of choice had been Grey Goose; steadily, though, he lowered his vodka standards from Blue Ice to Smirnoff to finally, "when I ran out of money," hefty plastic jugs of Popov.
Read more: http://sportsillustrated.cnn.com/2012/magazine/04/10/steinberg/index.html#ixzz1rr3Ryz5n