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Report: Warren Sapp files for bankruptcy, has lost Super Bowl ring

Former Bucs defensive lineman Warren Sapp has filed for Chapter 7 bankruptcy in Florida on claims he has racked up millions in debt, TMZ.com reported Friday.

One of the most surprising claims in Sapp's filing is that lost his 2002 Super Bowl ring from the championship with the Bucs and his 1991 national championship ring from the University of Miami, TMZ reported.

The future Hall of Famer owes more than $6.7 million to various creditors, including hundreds of thousands of dollars in child support payments to at least four women, the celebrity news website reported.

He owes $853,000 to the IRS for 2006 and $89,000 for 2010, it said.

Sapp said he also owes $2,858 in medical bills for "corrective speech and language therapy."

The debts outweigh Sapp's $6.45 million in assets, TMZ reported. The assets will be liquidated as a result of his bankruptcy filing.

Sapp, 39, works for the NFL Network as an analyst after playing in the league for 13 seasons with the Bucs, who drafted him 12th overall in 1995, and the Raiders (2004-07).

He said his current salary with the network is $540,000 per season, but his deal expires in August and he is unsure if the network will extend it, TMZ reported.

In the documents, Sapp lists all his assets, which TMZ reported include:

• 240 pairs of Jordan sneakers and sandals

• Large nude women painting

• Lion skin rug (female lioness)

• Nike golf clubs

• De Grisogono watch (scratch on crystal, nicks and scratches on band)

• Boxing glove signed by Muhammad Ali

It was not clear where Sapp, who went to Apopka High in Central Florida, filed for bankruptcy.

Report: Warren Sapp files for bankruptcy, has lost Super Bowl ring 04/06/12 [Last modified: Saturday, April 7, 2012 12:20am]
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