The Rise and Fall of Archie Manning's Fortune: A Tale of NFL Glory and Real Estate Scams
Archie Manning's net worth took a significant hit due to a real estate scam in the 1980s. Find out how his financial mistakes affected his fortune.
Archie ManningReal Estate ScamNfl SalaryNew Orleans SaintsFootball DynastyReal EstateJul 03, 2024
In 1983, Manning, along with fellow NFL star Terry Bradshaw, invested $4 million in a Manhattan real estate project, lured by the promise of big returns. Despite his doubts, Manning continued to invest as the project faced delays and financial backings fell through. By 1986, he discovered that the developers had used his money for their own luxuries, faking documents and bribing officials. The scam was eventually exposed, and Manning lost everything, severely denting his wealth.
Archie's NFL salary was modest compared to today's standards. As a top draft pick in 1971, his initial salary with the New Orleans Saints was around $50,000 per year. Throughout the 1970s, his salary increased gradually but remained relatively modest. By the late 1970s and early 1980s, Manning's salary had risen due to his performance and experience, reaching approximately $250,000 per year.
Despite his financial struggles, Archie Manning's career was marked by several highlights. He was a college star at the University of Mississippi, where he was an All-American and SEC Player of the Year. He was selected 2nd overall by the New Orleans Saints in the 1971 NFL Draft and played for a struggling Saints team for most of his career. He was named to the Pro Bowl twice (1978, 1979) and was known for his toughness, playing through numerous injuries. He was traded to the Houston Oilers in 1982 and later played for the Minnesota Vikings. He finished his career with 23,911 passing yards, 125 touchdowns, and 173 interceptions.
After retiring in 1984, Manning became a sports broadcaster and motivational speaker. His legacy as a football player and father of NFL quarterbacks Peyton and Eli Manning has contributed to a football dynasty.
The New Orleans Saints are a professional American football team based in New Orleans, Louisiana. The team was founded in 1967 and has a rich history of producing talented players, including Archie Manning.
Information Archie Manning's real estate scam was a significant scandal in the 1980s, highlighting the importance of due diligence in investment decisions.
Keywords Archie Manning, net worth, real estate scam, NFL salary, New Orleans Saints
Frequently Asked Questions
What is Archie Manning's net worth?
$14 million as of 2024
What was the real estate scam that Archie Manning was involved in?
A Manhattan real estate project in 1983 that resulted in a loss of $4 million
How many times wealthier is Peyton Manning than Archie Manning?
At least 10 times
What was Archie Manning's initial salary with the New Orleans Saints?
Around $50,000 per year in 1971
What is Archie Manning's legacy in football?
Father of NFL quarterbacks Peyton and Eli Manning, contributing to a football dynasty
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