AAF Files for Bankruptcy, Where Can I Bid on a Game-Worn Johnny Manziel Jersey?

In the least surprising news coming out of the AAF since their termination, the Alliance of American Football has filed for bankruptcy.

Image result for i declare bankruptcy gif

According to Front Office Sports, the AAF will be filing for Chapter 7 bankruptcy which is what happens when a business has gone under and is completely liquidating their assets. The failed football league lists about $11 million, over $500k cash, in assets with over $48 million in liabilities.

Much of the assets can be auctioned off like equipment and jerseys. This brings me to my question in the title. Where can I get THE game-worn Johnny Manziel Memphis Express jersey. I am ready to pay an amount that my accounting degree taught me is “dangerous and irresponsible”.

The AAF has also been in the news for blocking their players currently under contract from signing with a CFL team. This is not just because they wanted to be petty about the league closing, but because these contracts could be worth a lot of money to certain teams. Just a last-ditch effort to make some money while they still can. Hopefully, these players will be freed from their contracts thanks to the bankruptcy filing.

Money from sold assets would go to creditors. As of now, it is unknown if they will be able to go after the personal assets of AAF executives.

The AAF vs Other Terrible Investments and Wastes of Money

Well, it’s over. The Alliance of American Football is officially suspending operations. RIPIP, 2019-2019. Thank you for the one highlight of that quarterback getting obliterated that one time. It will not be forgotten. What will be forgotten is the investment of $70 million that is now gone forever.

Back in February, Carolina Hurricanes owner Tom Dundon pledged $250 million to the Alliance. On top of Dundon’s ownership and investment, you probably know Dundon best from the shout out he gets at the end of every Law and Order SVU intro. *Dun Dun. His incremental payments totaled $70 million by the time the AAF was shut down.

Obviously, this ended up being a terrible investment. But in the grand scheme of things, just how back was it compared to other famous wastes of money?

AAF vs. Kirk Cousins
As far as investments with no return go, Kirk Cousins is up there with the best of them. You would think adding a better quarterback to team that finished 13-3 the previous season would make them more of a title contender. Turns out, it actually means you miss the postseason. But, was the Kirk Cousins investment worse than the AAF? Yes and no. Cousins’ contract is for 3 years, $84 million and so far, no Super Bowl. We will have to see what the next two years bring.

AAF vs. the Hoover Dam
I am blindly following Ron Swanson and agreeing that the Hoover Dam is a travesty. I don’t care how much electricity it provides. The original cost was $49 million so at least it’s not as bad as the AAF.

AAF vs. Tidal
Remember when Jay-Z bought Tidal way back in the day? I honestly can’t remember what exactly it did, but I know it flopped almost immediately. Could it have been worse than the AAF? Almost, but no. Tidal originally cost the Jiggaman $56 million to buy the company.

AAF vs. the Ponzi scheme John Elway invested in
According to the Denver Post, John Elway once invested in a Ponzi scheme run by hedge fund manager Sean Mueller. Just barely beating the AAF, John Elways investment of $15 million helped the Ponzi scheme end up with $71 million from 60 total investors

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Denver Post

AAF vs. Justin Timberlake’s Myspace Investment
After the launch of Facebook, the coolest white person in the world, Justin Timberlake, decided he would invest in the failing social network Myspace. JT purchased a $35 million stake in the company to later sell all of his shares for a total of $1. At least he got a larger return than AAF investors.

Let us know what other investments and wastes of money we left out and throw us a follow @soft7sports on Twitter.

Johnny Manziel Banned from CFL

The Montreal Alouettes have released former Heisman Trophy winner and Cleveland Brown Johnny Manziel. The termination of his contract came at the direction of the Canadian Football League after it was discovered that Manziel broke the agreement he had with the CFL that made him eligible for the league.

First reported by Ian Rapoport with this tweet:

The CFL has already stated that they will not register a contract if any other CFL team would try to sign him. So what now for Johnny? He still has his podcast with Barstool Sports, Comeback SZN, and is surely going to return to the United States to explore football opportunities.

I just want him to know that he still has fans here. In fact, I will be rocking his neon orange #2 Browns jersey in Indianapolis this weekend for the NFL Combine. I want to watch him thrive in football again like he did in college. If only there was a professional team in Texas that plays competition similar to college teams…

Dare I say… time for a move to the AAF? I am sure the San Antonio Commanders would love to have him.

Saturday Morning Sports Trivia 2/16

Welcome back to another round of Saturday Morning Sports Trivia. As always we love all of you for your minds and we want to put them too the test. I miss football dearly so I am making this trivia about the only active football league right now, the Alliance of American Football.

Questions:

  1. Who is the head coach of the Orlando Apollos?
  2. Who scored the first points in AAF history?
  3. Teams are divided into regions meaning the Birmingham Iron have priority on former Alabama players. What college does the Memphis Express have priority over?
  4. What two schools did Orlando QB Garrett Gilbert play for?
  5. Matt Asiata is the running back for the Salt Lake Stallions. What NFL team did he play for for 5 years?
  6. Two teams share location names with current NFL teams. Name both.
  7. What college did Memphis Express QB Christian Hackenberg play for?
  8. In the 2010 NCAA National Championship, Garrett Gilbert replaced what quarterback after he was injured during the game?
  9. What must happen after every touchdown scored in the AAF?
  10. What TV station does the AAF have a contract with to broadcast all games?

Matching– Match the AAF player to their respective college.

Matt Asiata__________________Michigan
Trent Richardson____________Oklahoma
Denard Robinson____________Utah
Zac Stacy____________________Washington
Aaron Murray_______________LSU
Trevor Knight_______________Vanderbilt
Zach Mettenberger__________Alabama
Bishop Sankey_______________Georgia

See the source image

Answers:

  1. Steve Spurrier
  2. Younghoe Koo
  3. LSU
  4. Texas and SMU
  5. Minnesota Vikings
  6. Arizona Hotshot and Atlanta Legends
  7. Penn State
  8. Colt McCoy
  9. The scoring team must go for a 2 point conversion
  10. CBS

Matching Answers:

Matt Asiata- Utah
Trent Richardson- Alabama
Denard Robinson- Michigan
Zac Stacy- Vanderbilt
Aaron Murray- Georgia
Trevor Knight- Oklahoma
Zach Mettenberger- LSU
Bishop Sankey- Washington

We do Saturday Morning Sports Trivia every week so follow us on Twitter @soft7sports so you never miss it! Follow us and like the SMST tweet and we will send you a Soft 7 Sports laptop sticker at no cost. Share to challenge your friends.

AAF High-Tech Footballs Get Trent Richardson Penalized

Trent Richardson, one of the biggest NFL busts to come out of Alabama, is getting a second chance in the brand new Alliance of American Football. He plays with the Birmingham Irons who got off to an amazing start in the AAF season. They knocked off the Memphis Express 26-0 and Trent Richardson had the most Trent Richardson game of all time.

Richardson had 58 rushing yards and 2 touchdowns. Please find me a more Trent Richardson stat line if there even is one. After he scored the second touchdown, he spiked the ball out of the back out the endzone and sent it into the stands. “There’s a souvenir for a lucky fan.” Richardson was assess a 15 yard penalty for the spike.

Unlike the NFL, the AAF gives 15 yard penalties instead of fining players. May be a good thing since I have no idea how much these players make. But the real reason they are so strict on this is because of the technology that goes into the. Each AAF official football has a chip in it that tracks the speed and trajectory of ball whenever it is kicked or thrown. The AAF, citing budgetary reasons, have decided that their footballs and chips are too valuable to give to fans.