Vince Young $1.69 Mil Mistake -- Failed to Repay 'Lockout Loan'
Vince Young is in trouble ... the struggling NFL star is on the hook for $1.69 million ... after failing to pay back a high risk, high interest "lockout loan" that he took out back when he was a member of the Tennessee Titans ... this according to court docs.
According to court docs obtained by TMZ, Vince went to Pro Player Funding in May 2011 -- during the middle of the NFL lockout -- and took out a loan for $1.876,876.88. PPF is a company which specialized in "lockout loans" for NFL guys looking to cover their bills during the pay freeze.
Young's loan was VERY high risk ... with high interest rates and a clause that allowed PPF to call in the entire amount due, plus interest, if Vince missed ONE payment.
And according to court docs, that's exactly what happened in May 2012 ... right after Young left the Philadelphia Eagles and signed a new deal with the Buffalo Bills, he missed his payment.
PPF instantly went to the court and obtained a judgment against Young ... ordering the NFL star to pay back the remaining balance on his loan ... plus interest ... totaling $1.69 million.
The number is close to the salary Vince will be making with the Bills this season -- he signed a 1-year deal worth $1.9 mil.
Young's situation is virtually identical to Baltimore Ravens lineman Bryant McKinnie ... who took out a $4 million loan with PPF on the eve of the 2011 NFL lockout ... and also didn't pay it back.
Bryant reportedly struck a settlement deal with PPF earlier this week ... agreeing to pay half of the $3.2 he's scheduled to make with the Ravens in 2012.
During the lockout, several NFL players spoke out against loans of this sort claiming they weren't in the best interest of the players ... and now Young and McKinnie seem to be living proof.
The loan drama is just the latest legal nightmare for Young ... the QB recently sued his former agent and financial advisor for allegedly cheating him out of $5.5 million Vince was supposed to have earned in his rookie contract and through endorsement deals.
10:02 AM PT -- Vince's rep tells TMZ ... Young blames his former financial advisor, Ronnie T. Peoples, for pushing him to take out the loan.
The rep adds, "Vince is currently involved in litigation after he filed suit against Mr. Peoples for misappropriating millions. Vince has brought in a new team that are in the process of correcting the prior mismanagement.”
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Lamar Odom to Power Balance: YOU'RE DEBT TO ME!
TMZ has obtained court papers, which show Odom claims the company stiffed him out of $133,870 before it filed for bankruptcy back in November.
Lamar was a minority investor in the company ... and swore by the non-scientifically proven magical powers the hologram-embedded bracelet is said to possess.
As for Shaq -- a former Power Balance spokesperson -- court docs show the big man is demanding $308,170.
The two join a long list of athletes who claim PB needs to open up its checkbook ... including Kobe ($400,000), Blake Griffin ($20,000) and skateboarder Ryan Sheckler ($25,000).
TMZ broke the story ... PB was ordered to shell out $57 million in a class action lawsuit after a bunch of former PB wearers called BS on the company's claim that the bracelet could enhance balance, flexibility and strength.
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Gold Medalist Nadia Comaneci 'MEMBA HER?!
Nadia Comaneci tumbled her way into the world's heart with her performance at the 1976 Montreal Olympics and was the first to be given a perfect 10 in an Olympic gymnastics event. Guess what she looks like now!
Dwight Howard Mum's the Word on Lakers Trade
Dwight Howard had nothing to say when we asked him about the rumored blockbuster trade that would send him to the L.A. Lakers ... well, actually he has a lot to say ... but he's being muzzled.
TMZ has confirmed with sources familiar with the situation ... Dwight is in "serious negotiations" to become a Laker in a trade involving 4 teams ... and it could happen VERY soon.
If the deal actually goes through, it would send Andrew Bynum packing ... possibly to Philadelphia.
Moments ago, our photog found Dwight in L.A., where he's still recovering from back surgery ... and asked the NBA star about all the wheeling and dealing.
Dwight pursed his lips at the question (pun intended) -- but with millions of dollars on the line ... it's probably a smart move.
UPDATE: ESPN is reporting ... the trade was a done deal as of late Thursday night, so Dwight is headed to L.A. and Laker Andrew Bynum would be sent packing to Philadelphia.
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Usain Bolt I'm The Greatest Athlete WHO EVER LIVED!
Usain Bolt is the GREATEST athlete in the history of all mankind ... so says Usain Bolt ... who just CRUSHED everyone in the 200 meter final.
*Sidenote -- don't bitch about the "spoiler" ... it happened ... get over it.*
Anyway, moments after he captured gold, Usain modestly touched on his accomplishments ... reportedly telling the media:
"I'm now a legend. I'm also the greatest athlete to live."
So ... greatest athlete ever? Better than Ali? Better than Michael Jordan? Jim Thorpe? Michael Phelps? Pele?
Discuss.
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NASCAR Heir Jay Penske BUSTED ...and It's a Pisser
Jay Penske -- the media mogul son of NASCAR legend Roger Penske -- was arrested in Massachusetts early this morning after allegedly urinating on a woman in a yacht club parking lot ... this according to multiple reports.
Cops were reportedly called to the fancy schmancy Nantucket Yacht Club around 2AM Thursday morning ... after two women claimed Jay and his brother Mark assaulted them in the parking lot after breaking in to the property.
The women reportedly told police that Jay ... CEO of PMC Media ... was urinating in the parking lot ... so they decided to approach him. But when they got close, Jay allegedly turned the hose on one of the women ... and peed all over her boots.
The women told cops Jay and Mark also pushed them during the confrontation.
According to reports, Jay was arrested soon after ... while trying to run away from the club. Mark was arrested in a nearby apartment with cuts on his arm ... reportedly sustained from falling down some stairs. The brothers spent the rest of the morning in jail. They have since been released.
The women reportedly declined to press charges for assault and battery ... however the Penskes were eventually charged with breaking and entering into the Yacht Club with the intent to commit a crime.
Aside from being the son of a billionaire, Jay owns several entertainment websites ... including Deadline.com and HollywoodLife.com.
Calls to the Penskes for comment have not been returned.
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La Toya Jackson I'm HONORED by Russian Swimmers' MJ Tribute
Russia's INCREDIBLE synchronized swimming team didn't just blow away the judges with their gold medal-winning Michael Jackson routine this week -- they also left a lasting impression on one particular member of the Jackson family.
In case you missed it, the Russian team of Natalia Ischenko and Svetlana Romashina donned MJ-themed bathing suits and performed an amazing routine to the King of Pop's "They Don't Care About Us." The performance eventually helped them land the gold, over Spain.
Their routine was near-perfect -- but no one was more impressed than Michael's sister, La Toya Jackson, who tells TMZ, "I'm thankful for the honor that the Olympian swimmers paid to my brother Michael's memory."
She adds, "It is so wonderful to see how many global fans he has!"
Yes, global fans who look OUTSTANDING in bathing suits.
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Nigel Lythgoe's Niece Gold Medals Twice In That Horse Thing
Nigel Lythgoe's niece is now England's idol, after winning her second gold medal in the Olympics this morning.
Charlotte Dujardin rode her way to victory in the non-sport of dressage ... a fancy term for horse dancing.
As for the connection between the famed "American Idol" honcho and Charlotte, she's his ex-wife's sister's daughter. Translation -- even though Nigel calls her his niece, it's really his ex-niece.
Nigel tells us, although he hasn't spoken to her in 9 years, he sponsored her for a year in dressage before he got divorced.
Nigel tells TMZ when he found out Charlotte won for a second time this AM, he actually cried.
Hopefully, we'll see Charlotte on Nigel's next show ... "So You Think You Can Horse Dance."
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Tom Brady to NFL Teammates: Here's Why My Life is Better Than Yours
As if being a gorgeous, buff, rich NFL QB wasn't enough, Tom Brady further proved he's living the ultimate life by getting a hot wet kiss from his gorgeous pregnant supermodel wife Gisele at New England Patriots training camp in Boston on Wednesday.
Did we mention his two adorable sons were there too?
When you're Tom Brady ... who needs an Olympic gold medal?
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Swedish King & Queen AWESOMELY Obnoxious Olympic Handball Fans
King Carl XVI Gustaf of Sweden and his wife Queen Silvia have officially earned the title of most AWESOME MONARCHS EVER -- cheering their faces off last night at Sweden's Olympic handball match against Denmark.
Their hilariously annoying battle cries must have worked too -- because Sweden advanced over its rival, winning 24-22.
Hungary's next in line -- but little do they know ... Sweden's got two incredibly rich (and loud) secret weapons.
Apologies to the meatball-hating, anti-IKEA, ABBA-bashing party pooper sitting in the front.
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WWE Star BLASTS Nike for Signing Jon Jones .... He's a BAD Role Model
WWE superstar C.M. Punk is furious with Nike ... claiming the sportswear giant is sending a HORRIBLE message to kids by signing UFC champ Jon "Bones" Jones ... who happens to be a convicted drunk driver.
FYI -- Nike announced it signed Jones to a MAJOR global endorsement deal yesterday ... a deal likely worth millions of dollars.
But moments after the announcement ... WWE champ C.M. Punk unloaded on The Swoosh ... saying, "Let's reward more drunk drivers with endorsement deals! #responsibility."
Punk -- who doesn't drink or smoke -- is referring to Jon's DUI conviction, stemming from a May 19 incident in which Jones drunkenly crashed his Bentley into a utility pole.
Jones apologized for the incident ... and after cutting a deal with prosecutors, his driver's license was suspended for 6 months.
So far, no comment from either Jones or Nike.
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Belgian Cycling Federation We're ASHAMED Of Our Drunken Athlete
Belgian cyclist Gijs Van Hoecke didn't just stain the crotchel region of his pants during a drunken post-event nightclub bender in London ... he stained the good reputation of the Belgian Cycling Federation ... so says the org.
We posted the photos ... showing a completely wrecked Van Hoecke being carried out of a British nightclub earlier this week ... barely able stand or keep his eyes open.
We reached out to the BCF for comment ... and a rep told us, "I can let you know that the Belgian Cycling Federation regrets the conduct of [Gijs Van Hoecke] after the competitions."
In fact, the Belgian Olympic Committee reportedly put GVH on a plane and flew him home after the pics came out.
According to reports, the cyclist told his home paper, "I made a big mistake. I'm happy my parents didn't tell me off. They understand that I needed this" ... but since we don't speak Dutch, TMZ can't confirm the accuracy of the translation.
Het spijt me.
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Gabby Douglas 16-Year-Old Recruited HARD By Black College
16-year-old Gabby Douglas is officially being recruited by one of the most prestigious black universities in the country ... Spelman College ... and TMZ has learned the school president has even flown to London to get a leg up on the competition.
We've learned ... Spelman -- an all-girl college in Georgia -- wants Gabby in a bad way ... and sources at the University tell us the Team USA gymnastics superstar has become the number 1 recruit ... by far.
In fact, the President of Spelman, Beverly Daniel Tatum (not pictured below), went out to London and made sure Gabby got a Spelman gift bag ... containing a congratulatory note, school t-shirt and a CD containing a song produced by the college.
Tatum also released a statement to TMZ ... in which she acknowledges the school would LOVE to get its hands on the gold medal winner:
"A young woman who has demonstrated the drive and discipline needed to achieve world-class excellence is likely to have what it takes to be successful at Spelman, and we would welcome her interest in the college."
Spelman is no joke ... both Martin Luther King Jr. and Bill Cosby have daughters who attended S.C.
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Misty vs. Kerri Who'd You Rather?
U.S. Olympic volleyball phenoms Misty May-Treanor and Kerri Walsh Jennings won the gold medal -- for the third time -- in the women's finals on Wednesday.
Questions is ...
O.J. Simpson's GF Shopping a Killer Sex Tape
OJ Simpson's ex-GF was stabbed repeatedly .... with a penis ... and now she's shopping the footage around to porn companies ... TMZ has learned.
The woman at the center of the action is Christie Prody ... who dated OJ for 13 years before he went to prison.
Prody has contacted multiple porn companies, including Vivid Entertainment, in the hopes of selling a homemade sex tape ... but before you get too fired up ... no, her co-star is not The Juice.
We're told the male featured in the video was Prody's rebound guy following her split with OJ.
No word on if he used a glove.
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Olympic Rifle Woman Takes Aim at Beatles Cover
Why did the sexy Olympic rifle shooter cross the road? TO REENACT THE MOST FAMOUS BEATLES PHOTO OF ALL TIME.
The gorgeous rifle-shooting 21-year-old deadeye Amanda Furrer struck a pose on the world-renowned Abbey Road yesterday in honor of the famed Beatles photograph -- which was snapped exactly 43 years ago ... on August 8th, 1969.
Furrer – who placed 15th for U.S.A. in the women’s 50m rifle competition – took the pic during a little sightseeing excursion from the athletes' village ... IN HEELS.
She's so heavy.