Remember that time in the spring of 2004 when Jevon Kearse parlayed his exceptional talents and production into an eight-year deal with the Eagles worth a potential of $65 million that included a $16 million signing bonus? You know, back in the days when the Eagles went out and made big free agent splashes and it actually paid off? Yeah, me too.
While Kearse never played out the full contract, he did play in Philadelphia for four seasons. He helped push the Eagles over the hump in 2004 as the team reached the Super Bowl and Kearse went on to earn a great deal of coin in the process. His career came full circle in 2008 when he signed with the Titans, playing the final two years of his career in the same place it began. Kearse was out of football by 2010, but presumably set for life financially.
Fast forward to February of 2013 and such an assumption has been blown to pieces. Only three years removed from football, Kearse has been forced to foreclose on a $6 million 6,064-square-foot property he purchased just after striking his mega-deal with the Eagles.
I won’t editorialize about irresponsible spending or the problematic culture of young athletes and exorbitant salaries, but he serves as yet another cautionary tale on the same day it was reported Allen Iverson lost his Atlanta mansion at a foreclosure proceeding.