This blog has covered numerous sports figures who have squandered their hard-earned fortunes on a variety of different things. From multi-million dollar homes to wardrobes to other “toys,” these sports legends have been left bankrupt and in very desperate financial straits. Add a new name to that list: boxing heavyweight champion Evander Holyfield.
This boxing great and father has recently been ordered by a Georgia family court judge to start paying nearly $3,000 a month to cover his child support arrears. His daughter is now 18-years-old and would likely not receive any more child support, but the fact that he still owes his daughter’s Georgia mother more than $563,900 in back child support did not disappear on his daughter’s 18th birthday. What this likely means is that the mother was forced to cover all or nearly all of her daughter’s costs by herself while Holyfield spent his money on himself.
Of course, this kind of child support would be highly unrealistic for most divorcing mothers and fathers in Atlanta. So, how was Holyfield’s child support calculated? Since Holyfield would have been ordered to pay child support prior to 2007, he would have been paying a flat percentage of his total income. Since he was likely making a lot of money at the time, either for boxing or for endorsements, the amount of money he owed his daughter and his daughter’s mother would have been quite substantial. Had his child support been calculated today, however, a Georgia family court judge would have examined more than just his income to determine child support.
Since Holyfield recently had put his $14 million home from foreclosure, it is likely that a judge would have ordered a much lower child support payment.
Just because he no longer has much money does not wipe out his commitments to his daughter and his daughter’s mother. Any noncustodial parent has a responsibility to continue to keep up with child support payments or ask the judge for a change in payments. Failing to do so could lead to large, insurmountable back payments.
Source: The Huffington Post, “Evander Holyfield Lands In Court For Child Support,” Sept. 17, 2012