The Financial Costs of Lawrence Taylor's Rape Allegations

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Former New York Giants superstar Lawrence Taylor has found himself in a difficult situation. Taylor has been accused of soliciting sex from a 16-year old girl in a hotel room in Manhattan. This incident is the latest in a long line of problems for the former National Football League MVP, who has a history of drug addiction. It appeared that Taylor was cleaning his life up, so the latest tragedy is sad to witness for those who've learned to love him once again. But then again, he is innocent until proven guilty, so we all must keep this in mind.

This recent string of events is going to have a huge financial cost for Taylor, and I thought it might be interesting to talk about some of the financial hurdles associated with allegedly being caught with your "pants down" (pun intended). Tiger Woods might also be able to relate to an even greater cost for a sex scandal. Woods started 2009 as the highest paid athlete in the world and has since lost nearly all of his major endorsements. Of course, many would argue that infidelity is not nearly as bad as rape, but when it comes to seeing your brand go up in smoke, both Woods and Taylor have felt the misery up close.


Starting from the simple to the complex, let's lay out the financial costs for Lawrence Taylor's rape allegations:

1) Alleged cost of the prostitute - $300: According to court papers filed in Manhattan, Taylor paid $300 dollars to have sex with the 16-year old girl. For some reason, Taylor allegedly paid double the going rate for a prostitute in Manhattan, which is (according to court documents), $80 for oral sex and $150 for intercourse. Not sure why he might have paid double, perhaps he's just that generous.

2) Attorney's fees - hundreds of thousands: According to Lawyers.com, the national average hourly billing rate for an attorney is $284. But you can bet that Lawrence Taylor is probably not hiring average attorneys for a mess of this magnitude. In addition to this, New York tends to overprice everything, so I wouldn't be surprised if a long legal mess costs Taylor several hundred thousand dollars.

3) Loss of endorsement deals - unspecified: After the charges were filed, Taylor immediately lost his endorsement deal with Nutrisystems. He probably also lost any pending endorsement deals he was working on behind the scenes, as well as any commentator positions or acting jobs (yes, Taylor was working to become an actor). I wouldn't be surprised if the losses are in the millions, since Taylor's name was just starting to mean something again. In some ways, he was an athletic version of Todd Bridges (who played Willis on "Different Strokes").

4) Cost of a possible civil suit - millions: No matter the outcome of a criminal trial, the victim can also sue you in civil court (that's how they brought down the other athlete-turned drug abuser, OJ Simpson). In some cases, the civil trial can be more financially-devastating than the criminal trial. This young girl and/or her parents may try to make Taylor pay an even higher price after all this is over. Where were this girl's parents anyway? Yes, it's sad to see a 16-year old girl out in the streets, having to choose between an abusive pimp and old men who want to sleep with her. It truly breaks my heart.

5) Cost of a divorce - depends on what's left over: I was shocked and amazed at the way Lawrence Taylor's wife vehemently defended her husband on television the other day. While a man can only dream of marrying a woman who is so unquestionably loyal to him, the truth is that I was concerned about her connection to reality. Not to say that Taylor isn't a reformed man, but was this woman actually aware of the fact that she might be mistaken about her husband? We all know that some married folks keep very dark secrets. Either way, if she does decide that her husband actually committed the crimes he is accused of, she may file for divorce. In that case, she will be able to take a huge piece of whatever financial resources Taylor still has in his possession.

6) Price of lost respect from adoring fans and his children - Priceless: Lawrence Taylor was our hero. But then again, for many of us, he always will be a legend, because we only had to tolerate him on the football field. But should it turn out that he is guilty of this latest set of accusations, it will disappoint us all, especially those who love him. Taylor will lose the trust he'd spent years regaining from his children, family and close friends. There's no way to put a dollar figure on that.

Dr. Boyce Watkins is the founder of the Your Black World Coalition and the author of the new book, "Black American Money." To have Dr. Boyce commentary delivered to your email, please click here.

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