What started as minor financial difficulties such as child support, turned into a devastating economic down-spiral for Evander Holyfield. Just about a month ago, Holyfield was forced to sell his mansion just outside of Atlanta for $7.5 million, but that sale was of minimal benefit, as the champ owed the bank double that amount, and more than $200,000 in back taxes. Now it seems that things have taken yet another turn for the worst, forcing Holyfield to sell his entire life possessions to come up with more money that he will likely use to clean up his debt. Julien Auctions stated the following: “Highlights from the auction include Holyfield’s 1984 Olympic Bronze Medal and 1983 Pan-Am Games Silver medal. Featured items also include over 20 pairs of fight worn gloves including the gloves worn in the June 1997 Holyfield vs. Tyson II fight — a.k.a. “The Bite Fight.” An amazing array of WBC, WBA and IBF Championship belts will be offered in the sale including Holyfield’s first ever professional title belt for his 1986 WBA Cruiserweight title. Equally as impressive are the more than 25 framed fight-worn robes and trunks including those worn by Holyfield for his 1996 upset of a then-heavily favored Mike Tyson resulting in his retention of the WBA Heavyweight title with the fight being named “Upset of the Year” and “The Fight of The Year” for 1996 by The Ring magazine. Some of the key artifacts of the Holyfield Collection are his numerous championship rings including Holyfield’s individual rings commemorating his unification as Undisputed Heavyweight Champion, Two-Time Heavyweight Champion, Three-Time Heavyweight Champion and Four-Time Heavyweight Champion. Matching the impressiveness of Holyfield’s championship rings are his championship trophies including his 1992 WBA Boxer of the Year award.” This preview list screams of desperation, and I am saddened to see Evander in such a position. He has given boxing fans some historic fights, and has always been one of the top names in the sport of boxing. Items that he had worked tirelessly to earn are his most important possessions, and now, after holding on to them for countless years, he will have to watch them scramble and be taken away from him, going to various parts of the world, bought by an assortment of people that may or may not treasure them for years to come. I hope that Evander finds a way to restore his image and be a spokesman for boxing in the future. The most worrisome part of it all is that this monetary shift will probably cause him to keep fighting and risking his health, taking on opposition not worthy of the opportunity. There are younger and stronger fighters out there as well, and all it takes is one punch to send a fighter into a world of medical bills and constant worry for their friends and family. Let’s hope Evander never gets to partake in such a fate.

WWE superstar C.M. Punk is furious with Nike ... claiming the sportswear giant is sending a HORRIBLE message to kids by signing UFC champ Jon "Bones" Jones ... who happens to be a convicted drunk driver. FYI -- Nike announced it signed Jones to a MAJOR global endorsement deal yesterday ... a deal likely worth millions of dollars. But moments after the announcement ... WWE champ C.M. Punk unloaded on The Swoosh ... saying, "Let's reward more drunk drivers with endorsement deals! #responsibility." Punk -- who doesn't drink or smoke -- is referring to Jon's DUI conviction, stemming from a May 19 incident in which Jones drunkenly crashed his Bentley into a utility pole.Jones apologized for the incident ... and after cutting a deal with prosecutors, his driver's license was suspended for 6 months. So far, no comment from either Jones or Nike.

If you’re a fan of sneakers, and happen to be a size 15, you’re in luck. Warren Sapp’s entire collection of rare Air Jordans is up for auction as creditors claw back cash from the former NFL star who filed for bankruptcy earlier this year, according to TMZ. The epic collection of the classic shoe, designed and produced for Nike by now-retired basketball legend Michael Jordan, comprises 240 pairs, and is worth around $6,500. Some pairs are worn, some have never been touched. Sapp filed for Chapter 7 Bankruptcy in April claiming he’d racked up millions of dollars in debts since he retired from the NFL. The 39-year-old’s debts include hundreds of thousands of dollars that he owes in child support payments to four different mothers. His pricy shoe addiction probably didn’t help stave off his money meltdown. But Sapp’s loss could now be your gain because he’s selling up his entire closet-full of Jordans with all proceeds going towards paying back his creditors. Air Jordans were first released onto the sneaker market in 1985 and Michael Jordan himself first wore them as a rookie in 1984. Originals from the 1980′s fetch up to $600 a pair. The line, which is now sold by the Jordan Brand subsidiary of Nike, releases new designs annually, with the Air Jordan 2012 style being promoted with the tagline: ‘One Shoe. Three Flights.’ In court documents, Sapp – a 12-year NFL veteran and former Oakland Raiders defensive lineman - gave a full rundown of his bleak financial situation. According to TMZ, Sapp owes more than $6.7 million to various creditors. On top of the hefty child support payments, the 39-year-old owes $853,000 to the IRS for 2006, another $89,000 for 2010 and $2,858 in medical bills for ‘Corrective Speech and Language Therapy.’ In the papers, Sapp said he only has $6.45 million to his name and as well as his prized Jordans, lists a boxing glove signed by Muhammad Ali, a painting of a large nude woman, a lion skin rug and Nike golf clubs as assets. Sapp last played professional football in 2007 for the Raiders, where he played since 2004 after being drafted by the Tampa Bay Buccaneers in 1995.