By Daily Mail Reporter
PUBLISHED 09 02 EST 22 October 2013 UPDATED 13 10 EST 22 October 2013
Former NFL star Andre Rison has revealed how he wasted $1 million on jewelry bought three cars in a season and even once lost back to back houses to compete with teammates sending him broke.
The ex millionaire spent a fortune trying to look rich when he hit the big time splashing out thousands of dollars at nightclubs for his entourage of 40 people and throwing down $100 tips.
But the 46 year old's recklessness came at a price he was forced to declare bankruptcy due to overdue child support debts barely escaped prison and now works as a student assistant coach at Michigan State.
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Extravagant Former NFL star Andre Rison has revealed how he wasted $1m on jewelry and bought three cars in a season just to keep up with teammates
Rison shared his incredible story of going from extreme wealth to financial ruin in ESPN s 'Broke' documentary which also explored the flashy lifestyles of other pro athletes.
'When you have cash you create debt ' Rison said. 'You spend until you ve got nothing left I should have saved a lot more money. I should have saved a lot more money.'
Rison played 12 seasons in the NFL after being selected in the first round of the NFL Draft in 1989.
In 1995 he signed a five year $17 million contract to the Browns which was then the most lucrative ever for a wide receiver according to Grantland.
He made at least $19 million over his career with base salaries ranging from $175 000 in 1990 to $2.8 million in 1996.
Celebrity Networth estimates his current fortune to be just $50 000.
But his sudden wealth and fame eventually took its toll. The competitive player admitted he had no idea about the tax system and felt pressure to 'keep up with the Joneses'.
Regrets Andre Rison wished he saved more money than he spent over his successful NFL career
Excessive Andre Rison has revealed how he bought multiple cars in one season
'Now all of a sudden you ve got this bank account you control. You can go to it pull out anytime put in any time but at the time we were only pulling out ' he said in the documentary. 'I guarantee I spent a million dollars on jewelry ... We were draped in jewelry.'
The Michigan native shared tales of buying multiple cars within a season to compete with teammates and spending lavishly at nightclubs.
'How much is this car It doesn t matter just get it ' he said.
'We were going to new levels. We were making it snow. You start throwing $100 bills instead of fives. So you ve got a competition going on now.
'I d be lying on the bed knocked out (after getting back from the club) with $10 000 lying on the floor. I ve got another $5 000 in my pocket. You might find another $7 500 in the pocket in my coat.'
Rison's rise to fame in the 1990s coincided with 'the first intersection of hip hop profligacy romantic obsession Creedence Clearwater Revival and comic books' Grantland reported.
According to the ESPN documentary NFL players wanted to be entertainers competing with each other on and off the field with the flashiest cars bling and social life.
During his first decade in the NFL Rison was called 'Bad Moon' Rison known for talking trash berating coaching staff and teammates and skipping meetings.
Tumultuous Andre Rison had a rocky relationship with Lisa 'Left Eye' Lopes from TLC
Torched Former NFL star Andre Rison's $2 million estate in Alpharetta Atlanta was burned down by girlfriend Lisa 'Left Eye' Lopes in 1994
Flashy Andre Rison partied with Lisa 'Left Eye' Lopes of TLC at the Arista Records pre Grammy Party at the Beverly Hills Hotel in 2000
His rocky relationship with Lisa 'Left Eye' Lopes the rapper from TLC during the 1990s was infamous.
The couple appeared in an Atlanta courtroom in October 1993 after an incident in which he s alleged to have hit her and fired a gun.
Their volatile relationship again made headlines the following year when Lopes set a fire in a bathtub of Rison's mansion that spread to the rest of the house until it burned to the ground.
In 2001 a year before she died he rapped with Lopes on a song called 'Rags to Riches'.
But the star's major fall from grace came last year when he was sentenced in federal court to five years' probation and required to pay more than $300 000 in restitution for failure to pay child support.
Rison was convicted for failing to pay more than $10 000 of child support between August 2008 and August 2011.
In addition to the penalties for past due payments and as a condition of his probation Rison is expected to continue monthly child support payments of close to $2 350 per month.
The documentary claims that 78 percent of former NFL players have gone bankrupt or are under financial stress two years into retirement. Many tend to find money tight in the off season when the paychecks cease.
'A stunning number of athletes especially in the NFL where you re paid on a week to week basis are living paycheck to paycheck quite literally ' Sports Illustrated writer Pablo Torre said in the documentary mlive.com reported.
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Newest Oldest Best rated Worst ratedThe comments below have not been moderated.
Shelbe Vancouver United States 53 minutes ago
It must be hard to have been that rich and be broke now hope he can pull himself up do sports announcing or something to make money.
railroad Austin 4 hours ago
GOOD I'm glad. Welcome back to real life with the rest of us lowly peons IDIOT.
Ferryman Chicago United States 5 hours ago
So what Many people work hard their whole lives and don't end up with $50 000.
CarlitosWay The OC United States 6 hours ago
Yo DM this is old news. This story aired like over a year ago on ESPN. How about some current news
vladimir998 USA 6 hours ago
Loser.
grimtruth Tampa Fl USA 7 hours ago
I love to hear this term you PoS
Laurence of Pewsey Pewsey Wiltshire England United Kingdom 8 hours ago
Most of these athletes are barely educated most are illiterate and incapable of making any sort of a mature financial decision. No mercy.
LIVE LIFE BE HONEST WITH YOURSELF 2 hours ago
You do know that these players are drafted from college. They are not drafted from high school. You can't walk in from off the streets and play NFL Football. I don't know how you all pick players but that is the standard for NFL.
Amy Vanderberg venice fl United States 9 hours ago
There's a word for that kind of rich.
JeannieD Seattle United States 9 hours ago
There's a phrase for those who live this way...
larkinabout Houston United States 9 hours ago
another fool of a person I don't feel sorry for you guy you squandered your money no one made you do it
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