One minute, you are an NFL player with a multimillion-dollar contract, and the next, you tell a store clerk that you cannot afford expensive pants. For Shilo Sanders, son of the legendary Deion Sanders, that reality hit home very publicly.
Following his release from the Tampa Bay Buccaneers, Deion opened up about his financial situation. His comments reveal a lot about life after losing an NFL dream, even if it is all wrapped in the family’s signature humor.
What Did Shilo Sanders Reveal About His Finances After Being Cut?
In a recent YouTube video posted on his channel, Shilo revealed his tight budget while preparing for an alligator hunting trip to Gatorland with Danny Duncan. The former Colorado safety was shopping for wilderness gear when he made some telling comments to store employees about his new financial reality.
“I just got cut from the NFL, so I’m not trying to spend that much,” Shilo said while examining camouflage pants in the hunting section. While discussing his limited budget, he also dropped a surprising comment about his family’s famous wealth. “I’m still waiting on my trust fund from my dad,” Shilo told the store worker, keeping a long-running family joke alive.
The reference to a trust fund appears to be classic Sanders family humor. Deion has repeatedly stated his kids “aren’t trust fund kids,” and the family regularly jokes about the topic on social media and livestreams.
These candid comments come after Shilo lost his three-year, $2.965 million contract with the Buccaneers. The team released him following an ejection for punching Buffalo Bills tight end Zach Davidson during a preseason game in August. Terminating his NFL contract means he earned $1,572 from the deal, which had minimal guaranteed money.
His past financial issues complicate this situation. In October 2023, Shilo filed for Chapter 7 bankruptcy, citing $11.3 million in liabilities against just $320,000Â in assets.
The 25-year-old remains a free agent, although he recently worked out for the San Francisco 49ers. While Shilo is clearly watching his spending after losing his NFL payday, he is still finding ways to have fun with adventures like his upcoming alligator hunt at Gatorland.
