Kosar, who starred for the Miami Hurricanes and Cleveland Browns in the 1980's, was shown to owe his largest creditors a combined $19.5 million. Among the reported debts are $1.5 million to the Browns and $3 million to his ex-wife.
Like all retired quarterbacks should do upon leaving the game, Kosar opened a steakhouse. Alas, that went out of business last year.
Ex-Miami Hurricanes and NFL star Bernie Kosar files for bankruptcy (Miami Herald)Consider also, though, how many times Bernie was on the wrong side of history. He was on the losing sideline when Frank Reich led Maryland to the greatest comeback in NCAA history, bringing the Terps back from a 31-0 hole at the half for a 42-40 stunner over Miami in 1984, and when Doug Flutie launched his famous, Heisman-clinching Hail Mary to push Boston College past the 'Canes in the Orange Bowl later that year. Kosar was on the losing sideline when John Elway took the Broncos 98 yards on "The Drive" to win the '86 AFC Championship, and handed Ernest Byner the ball he would infamously lose three yards shy of the tying touchdown at the end of the '87 AFC Championship. The Browns trailed Denver by a field goal at the start of the fourth quarter before falling short again in '89. The man has known his share of disappointment.
Kosar could use some slings and arrows of his own for a change (Yahoo!)