Former professional baseball superstar Joe Canseco just didn’t have the “Juice” or the desire to hang on to his 7,300-square foot mansion in Encino, Calif., according to Yahoo!News.com.
In fact, he simply walked away from the $2.5 million home because it “didn’t make sense” to continue paying the mortgage. Unsurprisingly, the lender has issued foreclosure proceedings to reclaim its asset.
Here’s a snip from the former “Bash Brother”:
“I do have a judgment on my home and it to me is very strange because it didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else. You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”
Canseco, the 1998 American League Most Valuable Player (MVP) and six-time All Star, reveals that divorces have also cost him millions.
He essentially retired from the sport in 2002 despite some unsuccessful attempts to return since that time.
However, in 2005, Canseco penned a controversial autobiography dubbed, “Juiced: Wild Times, Rampant ‘Roids, Smash Hits & How Baseball Got Big”, which was a scandalous glimpse into his own steroid abuse, as well as (allegedly) his peers, and much more.
It was a best seller. And there’s recent news that he’s signed on to write a sequel.
Cha-ching.
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