Livan Hernandez is worth less than most of us

[Cedrique]

Ex-Marlin Livan Hernandez files for bankruptcy

Former pitcher Livan Hernandez files for bankruptcy
5:50 PM ET

Former pitcher Livan Hernandez, who earned approximately $50 million in a 17-year major league career, has filed for bankruptcy, according to court papers obtained by the Miami Herald.

The two-time All-Star played for nine teams, winning a World Series with the Florida Marlins as a rookie in 1997. He was named NLCS and World Series MVP that year.

AP Photo/Mark J. Terrill
According to the documents, which were filed in federal court in Fort Lauderdale, Florida, Hernandez says he owes up to $1 million to as many as 50 creditors. Some of those are credit card companies.

Hernandez, 42, also owes back taxes, as well as $220,000 to a local businessman who gave him a loan in 2013, the year after the pitcher stopped playing.

The bankruptcy filing says Hernandez is worth less than $50,000.

Who's the dumbass "local businessman" who gave him a loan of more than $220,000 a year after he stopped playing. That seems like an incredibly stupid deal

 

[Guy Incognito]

If you look Bonilla's deal financially, it actually is not such a horrible deal for the Mets. The Mets basically took a loan from BB for the remainder of his contract at something like a 5% APR. A decent APR for B.B., to be sure, but nothing ridiculous.

The Wilpons also got fleeced by Bernie Madoff. They thought they were going to get double digits returns on the money they owed Bonilla once the settlement was negotiated.

 

[Chewbaccer]

Anyone remember when the two highest paid outfielders by the Mets were Jason Bay as a Mariner and a ong retired Bobby Bonilla?

Good times.

 

[WahooSam]

To bad to see this but yeah these athletes should take some sort of financial education course. The money they make they should be set for life.

Imagine how shitty the rest of these guys life's have to be. Going from having all that money to being broke and having to work a shitty job the rest of your life, always bitter as hell because your dumbass has no restraint.

 

[broncosmitty]

How much does gordo owe Golden Corral?

 

[4thstreet]

Could have been worse
he could have been paid in Canadian $$$,and pissed away 60 million plus

 

[redseat]

Breaking news: Livan Hernandez attempting a comeback!!!!!

as a softball player?