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I’m a three-time MLB champ who blew a $50million fortune on a disastrous investment and was forced to sell my house and prized memorabilia

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Curt Schilling earned $114million over his 20-year MLB career.

The pitcher signed a massive two-year contract worth $25.5million with the Boston Red Sox in 2003 and landed a $2million bonus for winning his second World Series a year later.

Schilling played in MLB for 20 years

A six-time All-Star and three-time world champion, he retired in 2009 with a reported $50million fortune.

But just four years later, his net worth had dropped to an estimated $1million.

Schilling was a huge fan of video games and decided to try and create an ambitious Massively Multiplayer Online game called Project Copernicus.

“I told my wife I was going to take $5million and try it out,” he said.

The former Sox and Arizona Diamondbacks star set up Green Monster Games in Rhode Island – later changing it to 38 Studios after his jersey number.

His original investment soon spiraled out of control as Schilling plowed his entire fortune into the venture.

“I have done whatever I can do to create jobs and create a successful business, with my own income,” he told ESPN.

“$50million, everything I’ve ever saved, has been put back into the economy.

“I believed with every ounce of my being that everything was going to work itself out.

“I’m $50million in at this point, so I’m not going to walk away.”

He won three World Series titles

Schilling once owned a cap believed to have been worn by Lou Gehrig

Project Copernicus was soon behind schedule – and 38 Studios folded before the intended June 2013 release date after six years of work on the project.

In the end, all that was released was a trailer, some gameplay videos, and screenshots.

In 2012, Kingdoms of Amalur: Reckoning was released by Big Huge Games – a small Maryland operation that 38 Studios bought in 2009.

Schilling boasted about selling 1.22 million copies over 90 days on Twitter, but mixed reviews hit sales and just 1.3million total units were sold.

According to former Rhode Island Governor Lincoln Chafee, that was nowhere near enough.

“The game failed,” he said via Kotaku.

“The experts are saying in the three million range just to break even.”

With mounting debts, the studio filed for bankruptcy shortly after and Polygon reported that 379 staff were laid off.

There were several lawsuits in the proceeding years and the workers were paid between 14 and 20% of their owed salaries in 2021.

Per ESPN, RBS Citizens Bank sued Schilling for $2.4million, with the case dropped a few months later.

Schilling and three others settled a lawsuit with the Rhode Island Commerce Corp in 2016, agreeing to pay $2.5million between them, according to USA Today.

Trying to clear his debts, Schilling auctioned off valuable collectibles, including sports memorabilia.

CBS revealed that a baseball hat believed to have been worn by New York Yankees great Lou Gehrig and Schilling’s bloody sock from the 2004 World Series were among the items up for sale.

The sock had previously been donated to the Baseball Hall of Fame and went for over $90,000.

“I’m obligated to try and make amends,” 57-year-old Schilling told WEEI-AM in Boston.

“Unfortunately, this is one of the byproducts of that.”

Schilling lost his baseball fortune

Schilling also listed the Massachusetts mansion he lived in with his wife Shonda in 2013 and held an estate sale.

The 20-room house was bought from iconic NFL quarterback Drew Bledsoe in 2004 for $4.5million, but a sale for $2.5million fell through in 2014.

It was listed again for in 2015 with Shonda previously telling ESPN they were “downsizing, and sold for $2million in 2017.

Schilling worked as an analyst on ESPN from 2010 to 2016 but was fired for “unacceptable conduct” in the wake of sharing an anti-transgender meme on Facebook.

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