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The National Football League and its players union are on the hook for the $20 million that seven current and former players lost in an alleged fraud scheme because the union endorsed the services of an investment firm even though its manager had liens against him, a lawsuit says.
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In the lawsuit filed against the NFL and NFL Players Association on Friday in U.S. District Court in Atlanta, the players say the defendants are jointly liable for their losses from investing with hedge fund manager Kirk Wright. The lawsuit says the union recommended Wright through registration in a union investment program even though Wright and his partner, Nelson "Keith" Bond, had active state and federal tax liens against them.
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The players also say that the union failed to ensure that Wright was properly insured as required by the program, and failed to notify the plaintiffs about those matters. NFL spokesman Greg Aiello said Tuesday the league believes the allegations in the lawsuit are unfounded and have no merit.
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A spokesman for the players union, Carl Francis, said he had no comment Tuesday on the lawsuit." We're kind of looking into it right now," Francis said. "We don't have all the facts. Once we do, we will address it".
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Wright was arrested in Miami Beach in May on federal fraud charges. He also faces a lawsuit filed by the Securities and Exchange Commission against him and his company, International Management Associates. Among the clients deceived by Wright, authorities said, are former Denver Broncos players Steve Atwater, Ray Crockett, Al Smith and Bishop, as well as former longtime Philadelphia Eagles player Clyde Simmons.
The Denver Broncos are coming of a great season where they were a game away from the Super Bowl. Like always the expectations are high, but there seems to be questions at quarterback like always. They brought in Jevon Walker, kicked out Mike Anderson and there is a lot of potential on this squad. Many sleepers and busts will come out of this team, and I will help you figure out where each player falls.
Jake Plummer - MOR award for Most Over Rated player
Lets face it, every year Jake Plummer receives infinite hype about this is "his year." This is NOT his year, Jake Plummer is not a good QB, he never will put up good numbers. Last year he had 20 total TDs with 9 total turnovers. He had 3400 passing yards to go with that. He is ranked in the top 15 by most rankings, making him a backup QB.
Jake Plummers career highs are 4,000 yards and 27 TDs and while those numbers are great, I see no reason why he will post such huge numbers. Sure they have Jevon Walker at receiver, but he is more of a big play receiver than an everydown guy. Walker posted insane numbers in 04' with 89 catches 1382 yards and 14 TDs-part of the reason I won the championship that year. He will not BOOST Plummers numbers, because I feel Plummer will make many mistakes at QB.
Stat line: Lets say Plummer has a great year, he could put up 30 TDs, if he increases by 12 with Jevon Walker being an insane wideout. 4,000 yards is not out of the question. Due to this potential he is a backup QB, and has a lot of SLEEPER potential. He is a late pick, and worthy of a pick because him and Walker could have a lot of chemistry.
Ron Dayne and Tatum Bell -Thunder and lightning ????
With Mike Anderson going out the door, this moves Dayne up the depth chart and will surely boost his numbers. I think Dayne will be the TJ Duckett of the squad with maybe 800 yards but 7 TDs,
Tatum Bell last year ran for 921 yards with 8 TDs. I expect him to crack 1000 yards this year and maybe get 8 TDs, depending on Dayne stealing the goal line carries. I think Bell has a lot of talent, and is a solid sleeper as well. He could be their Clinton Portis and be the 15/15 guy (1500 yards and 15 TDs). Denver is known for making RBs stars, and I think Bell is the star here, and not Dayne (despite others guesses)
Bell is worthy of a mid round pick somewhere between the 6th and the 10th, while Dayne is a late pick, I would say maybe the 13th round, but in most drafts he will go earlier. You need to play Ron Dayne by ear, because he could win the starting job, in which case he could be worthy of even a 4th round pick. Thats how important it is to be the starting RB in Denver
Jevon "people will forget I exist" Walker
As I stated above Walkers last full season had 1400 yards and 14 TDs which are top tier WR numbers. He is in a new offense that spreads the ball out and runs the ball a lot. Walker has so much talent however, but is coming off an ACL tear. I have a lot of love for this guy, so I think he can work through the Plummer issues that might be had for a 1200 yard 7 TD season.
He is ranked around 20th on my list, and is one of my top sleepers. If you are in a 3 WR league I would want this guy as my 3rd WR, behind let say a Fitzgerald and a Marvin Harrison, which is very possible (Fitz in late 3rd, and Harrison in late 4th). I want Walker with 2 reliable starters and then a VERY reliable backup like a Rod Smith or Keenan McCardell. Walker has some undeniable question marks, so you need to be careful about his backups.
Where to draft him: While Walker might very well explode for a big year, I would be very cautious of having him as my #2 receiver. He is a 5th round pick at earliest, because in the 4th round guys like Willie Parker and Warrick Dunn are still on the board, and RBs are just more valuable and worth the earlier picks. He is very likely this years Steve Smith (who i got in the 7th round last year).
DEFENSE
I think this defense will have a great year, they got Kenard Lang in the offseason, and CHamp Bailey is coming off a 2 TD 8 INT season. Look more of the same 16 PPG, and about 30 Takeaways and Sacks.
They should be a very late round draft pick.
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