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QB Young says he 'probably' signed loan papers

QB Young says he 'probably' signed loan papers

DALLAS (AP) Former NFL quarterback Vince Young admitted under oath he probably signed at least some of the documents for a $1.9 million loan he claims he shouldn't have to repay.

"All I know is I probably could have signed some of them, and I feel like some of them are fishy," he testified in a videotaped deposition last month.

A copy of the deposition transcript was obtained by The Associated Press.

Young, who has been out of football since he was cut by the Buffalo Bills before the start of the 2012 season, is fighting a $1.7 million judgment against him obtained by New York-based Pro Player Funding LLC last July. The former University of Texas star has said he wasn't involved in seeking the high-interest loan, funded during the NFL lockout in 2011, and never got the proceeds.

But in the deposition, taken Dec. 13 in Houston, Young acknowledged he probably signed some of the paperwork in the presence of a notary during a visit to the office of a Houston lawyer.

"I went to sign some papers that my financial adviser asked me to go over and sign, but I don't remember what it was," he testified.

Asked by Pro Player's attorney if he bothered to request the documents in their entirety, Young replied: "No. I'd just go and sign and get out of there."

In court filings last year, Young said he didn't recall signing the paperwork. If he did sign something, it happened without the corresponding loan information being made available to him, he said. He also claimed no notary was present.

Young's attorney, Trey Dolezal, did not respond to requests for comment on the deposition.

As part of his testimony, Young acknowledged that he never questioned why $1 million of the salary he earned from the Philadelphia Eagles during the 2011 season went directly from the team to Pro Player.

"I never have discussions about things like that when I'm playing football," he said. "I'm just too focused. ... Like I said, I put my trust in (his accountant) to find out what's going on and my lawyers to figure it out so I can focus on playing football."

At one point, Pro Player attorney Sean Bellew asked Young whether he understood the significance of having a judgment against him.

"I'm not a lawyer, so I don't know nothing about this," he replied. "Only information I know is what my lawyer explains to me and lets me know what goes on. I'm just trying to figure it out myself."

Young testified that he was "lied to" by advisers who falsely claimed to have put $5 million of his money in a "trust." He also acknowledged that he allowed people to have power of attorney over his affairs without understanding what that meant.

"If they do anything on your behalf, I thought they had to make sure it goes by you and I'm signing for it," he testified. "I didn't know that ... if they have a power of attorney, they can go do anything with your signature."

Young has sued his former agent, Houston attorney Major Adams, and a North Carolina financial planner, Ronnie Peoples, claiming they misappropriated $5.5 million. The lawsuit, filed five days after the Pro Player loan went into default, also contends that Adams and Peoples obtained the loan for their own benefit.

Adams and Peoples have denied wrongdoing, and Peoples has filed a countersuit in which he alleges that Young caused his money problems by overspending and allowing his uncle, a former middle school teacher, to oversee his finances.

Attempts by Bellew to seek detailed information from Young about his current financial condition were repeatedly cut off by Dolezal.

"He's kept up with his bills," Dolezal said at one point. "And that's about as far as that's going to go."

Financing statements reviewed by the AP show that Young was one of at least 16 current or former NFL players who obtained loans from Pro Player in 2011. Three NBA players also borrowed money from the company, according to the documents.

Pro Player sued Baltimore Ravens offensive tackle Bryant McKinnie last year over what the company said was more than $4.5 million in unpaid loans. That matter was settled in July when McKinnie agreed to have 50 percent of his wages garnished during the 2012 season.

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Follow Danny Robbins on Twitter: www.twitter.com/RobbinsDanny

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Report: Ravens mulling cutting Dennis Pitta to create more cap space

Report: Ravens mulling cutting Dennis Pitta to create more cap space

A decision on whether to cut or keep Dennis Pitta is one of many issues facing the Ravens this offseason.

According to Mike Garafolo of NFL Network, the Ravens “may balk” at the $5.5 million salary Pitta is due next season. That makes sense, considering Pitta was just 28th in the NFL among tight ends in yards per catch (8.5) despite leading all tight ends with 86 catches. Pitta only had two touchdown catches, and there is concern he no longer has the speed to make explosive plays after two major hip surgeries.

Free agency begins March 9, but cutting Pitta with a June 1 designation would create the most cap space for the Ravens - $5.5 million.

However, if the Ravens release Pitta, they would turn the tight end position over to a question-filled group that includes:

Ben Watson – He is 36 years old, and missed all of the 2016 season with an Achilles injury. Cutting Watson and saving $3 million in cap space might make more sense than cutting Pitta. Especially if Pitta agrees to a pay reduction, as he did before last season.

Nick Boyle – He missed 10 games last season due to his second suspension for violating the league’s policy on performance enhancing drugs. Another suspension could lead to the end of Boyle’s career.

Crockett Gillmore – He must prove he can still healthy after missing seven games in 2016, and 15 games over the past two seasons.

Darren Waller – He was suspended four games in 2016 for his first PED violation, and he has caught just 12 passes in his first two seasons.

Maxx Williams – He is coming off major knee surgery.

Pitta remains a favorite target of quarterback Joe Flacco, and even if Pitta struggles to make splash plays, he is still a chain-mover as a possession receiver. You can make a case for cutting or keeping Pitta. The Ravens will soon make their verdict.

MORE RAVENS: Stanley and his adopted dog from BARCS to be on Animal Planet

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Have a cool idea? The Ravens might just give you $200,000 for it

Have a cool idea? The Ravens might just give you $200,000 for it

The Ravens are trading in the kicks for pitches all in the name of charity. In a new partnership with Light City Baltimore, the popular football team is utilizing their resources to give back to their community through an exclusive pitch competition for eligible local companies.

The pitch competition, officially titled, the Baltimore Ravens Innovation Challenge at Light City will be held on April 6. The Ravens are looking for start up companies with innovative ideas in need of a little investment push. The applications are live on their website with an upcoming deadline of March 6.

Eligibility includes:

  • Based in Baltimore City or Baltimore County

  • Annual revenue under $5 million

  • Must not be in industries the Ravens have category exclusive partners, including beer and financial services.

Only a lucky six will be selected to pitch to the panel of judges which includes investors and Ravens personnel. Perhaps the ones to impress most are the live audience who also have the opportunity to vote for their favorite. Like most competitions, there can only be one winner and this lucky company will win the $200,000 sponsorship package.

The package includes:

  • LED signage at M&T Bank Stadium

  • Digital advertising on the Ravens website

  • Print advertising in the Ravens yearbook

  • Game day publications

  • Exposure at Ravens Walk, Ravens training camp and the Ravens Flock Festival.

Furthermore, the winning company will work directly with the Ravens to execute the sponsorship.

So, for all you entrepreneurs out there, put on your thinking caps and let your lights shine.

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