Historically, the Cleveland Browns haven't had the best of luck when it comes to the quarterback position. However, Bernie Kosar was able to be that beacon of light for the franchise and its fans to draft well at the position. Kosar was known for functioning well in pass-first offenses and was highly efficient when it came to getting the ball to his receivers in clutch moments. Bernie Kosar was so clutch that he started all twelve games at the University of Miami in 1983 after being redshirted in 1982. Kosar led the Hurricanes to their first-ever national championship in 1983 where was MVP of the Orange Bowl. Kosar also fell victim to Doug Flutie's 'Hail Flutie' pass and a loss in the 1985 Fiesta Bowl.
After a successful stint in college and some eligibility controversy, Kosar was drafted 1st overall in the 1985 Supplemental NFL Draft by the Cleveland Browns where he would spend the majority of his NFL career. During his tenure with the Browns, Kosar would rack up two Pro Bowl selections in 1987 and 1989 where he would lead the Browns to back-to-back AFC championship games in 1986 and 1987. Unfortunately, after suffering multiple injuries, Kosar and the Browns parted ways and Kosar would sign a contract with the Dallas Cowboys where he would earn a Super Bowl ring as a backup. Kosar played his final three NFL seasons as a member of the Miami Dolphins and ended his career holding the record for most consecutive completed passes without an interception until it was broken by Tom Brady in December 2010.
Not all celebrities have fame and fortune, some are just famous – and in a ton of debt. They came from rags to riches, then went back to rags. Whether they’ve filed bankruptcy, ended up in court, or just can’t stop spending, celebrities mismanage their money just like everyone else. They just hide it well.
50 Cent coined the term “wanksta,” then “partied like it was his birthday” until he filed Chapter 11 bankruptcy in 2015. The rapper was said to be anywhere between $10 million and $50 million in debt. In 2016, a federal bankruptcy court judge in Connecticut approved a plan for the founder of G-Unit to pay his debts back. He was able to get his bankruptcy discharged in February of the following year.
Following a 45-year-long career in Hollywood, acting in more than 70 films, actor Gary Busey found himself in more debt than he was worth. In 2012, it was reported that Busey owed between $500,000 and $1 million worth of debt, but only had $50,000 to his name. The 74-year-old actor owed money to hospitals, banks, the L.A. Waterworks District, and even a storage company. He filed Chapter 7 bankruptcy that same year. Despite his longstanding career in Hollywood, Busey's net worth is now only $500,000.
Burt Reynolds is still worth five million dollars, but his battles with debt date back more than 20 years. Between bad investments and a pricey divorce from actress Loni Anderson, the 1970s superstar had to deal with over $10 million in debt and decided to file Chapter 11 bankruptcy in 1996. While testifying in a 1994 custody hearing, the South Florida native said he spent $40 million getting through his divorce.
The former Hollywood bad boy, Charlie Sheen owes the IRS nearly $5 million. But that's not all. In 2016, his net worth was reportedly still as high as $150 million, but he was nonetheless $12 million in debt at the time – including mortgages, legal fees, and taxes. That same year, Debt.com reported Sheen owed nearly $300,000 on an American Express card alone.