Kroy Biermann is a former American football player with a net worth of 300,000 dollars. It may be difficult for some of his fans to understand why his net worth is so low, given that he earned approximately 14 million dollars from his NFL career. However, over the years, he has faced several financial challenges that have hurt his fortune.
NFL Salary
Kroy Biermann joined the NFL in 2008 after being selected by the Atlanta Falcons, earning over a million a year. Over time, after his first contract ended, he signed another contract worth 1.9 million with bonuses of 1 million dollars. At his peak, Kroy Biermann earned up to 4.5 million dollars, and after seven years in the NFL, the former linebacker had accumulated over 14 million dollars.
Financial Struggles
Kroy and his family have been undergoing financial woes, which may have stemmed from their poor financial decisions. In early 2023, his mansion was heading to foreclosure, but then months later, Kroy mentioned that he had gathered enough money for a mortgage. Besides, Kroy and his wife were on the IRS ladder for not paying taxes in three years between 2013 and 2018, totalling 1.1 million dollars.
Over the years, Kroy has been trying to change his financial situation and deal with his enormous debts. In 2023, he wanted to sell his Georgia mansion to clear some debts. The mansion was valued at 3 million dollars. Kroy has attributed his financial woes to his wife Kim, who mentions that she makes poor financial decisions, making the family struggle. Due to these issues, they tried to divorce two times, but later, they dealt with their problems, and they seem to have reconciled.
BMW filed a lawsuit against Kroy in November 2023, claiming that he had not paid them about 190,000 dollars for a Rolls-Royce he had leased. He lost a lot of money dealing with this legal issue.
Early Life and NFL Career
Kroy Biermann was born in 1985 in Hardin, Montana, as the youngest of three children; he has two older sisters. In school, Kroy was active in various sporting activities; he was an active member of his high school football team. Besides, Kroy participated in wrestling and track games. After high school, he proceeded to the University of Montana, where he chose to focus on football.
In college, he was one of the best athletes and won several accolades. In 2008, he was in the NFL draft, where the Atlanta Falcons selected him, a club he played for most of his career. While playing for the Falcons, Kroy was a top athlete, but his stint at the club was marred by injuries that kept him out of football for almost a year. In his final year with the Falcons, Kroy signed a 1.925 million contract with the club and ended the season with over 50 tackles.
After the Falcons, Kroy joined the Buffalo Bills after signing a one-year deal with the club. However, his spell at the club was short-lived, as he was released by the club barely a month after signing the contract.
