Editing Billy Sims (section)

===Financial difficulties===
When Sims retired from the [[Detroit Lions]] in 1984, he received a $1.9 million insurance settlement from [[Lloyd's of London]], in addition to several million dollars he earned during his playing career.<ref name=wealth>Hailey, Gary. [http://naptimehuddle.blogspot.com/2012/10/billy-sims-bankruptcy-bouncing-back-and.html "Billy Sims: Bankruptcy, Bouncing Back...and BBQ."] ''Naptime Huddle'', October 24, 2012. Retrieved November 22, 2014.</ref> Sims lost his accumulated wealth through a series of failed business ventures. His numerous businesses included a nightclub, a radio station, a dry cleaner, and a car parts manufacturer.

====Selling the Heisman====
In 1995, he sold his [[Heisman Trophy]] to Texas businessman Bob White, who had been a father figure to Sims since he was in the ninth grade; White's son played high school football with Sims.<ref name=school>Taylor, Jeff. [https://archive.seattletimes.com/archive/19980329/2742147/a-most-desperate-option-play-sims-once-sold-his-heisman "A Most Desperate Option Play: Sims Once Sold His Heisman."] [[The Seattle Times]], March 29, 1998. Retrieved November 22, 2014.</ref> The trophy was sold to White with the agreement that it could be re-purchased by Sims by paying the original price plus 8.5% interest.<ref>[http://usatoday30.usatoday.com/sports/football/sfc/2001-03-07-sims.htm "Sims still getting hit hard."] [[USA Today]], March 7, 2001. Retrieved November 22, 2014.</ref>