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Another sad 'Lenny Dykstra on investing' update

Feb 11, 2010, 1:53 PM EDT

My entry earlier this week about Lenny Dykstra’s financial situation received 142 comments, so I figure everyone is interested in a follow up via some nice digging by
In addition to filing personal bankruptcy after reportedly losing up to $100 million, Dykstra apparently was given control of the $737,000 signing bonus that his son Cutter Dykstra received for being the Brewers’ first-round pick in 2008.
Two years ago in an interview Cutter said: “I just gave him my check, and he will invest some of it for me.”
At the time Lenny was rolling in dough, so it probably seemed like a good idea. And since then? No official details on what happened to the money, but Lenny reportedly “had to be removed by police as he was attempting to make contact with his son” at a minor-league game in August. I’ll go out on a limb and guess that he didn’t turn the $737,000 into $5 million.
A source told that Cutter’s money was placed in a joint account with Lenny at an Atlanta bank where he now has a $3.5 million debt. And unfortunately Cutter Dykstra hit just .234 with a measly .659 OPS between rookie-ball and Single-A last season, so that bonus money may prove to be the bulk of his career earnings.
Amazingly, it appears “Lenny Dykstra on parenting” may actually give “Lenny Dykstra on investing” a run for worst possible source of advice.

  1. Ryan - Feb 11, 2010 at 1:57 PM

    So, in other words, Lenny Dykstra on * is generally bad.

  2. Jason @ IIATMS - Feb 11, 2010 at 2:00 PM

    Followed by “Babysitting tips by Jeffrey Dahlmer”

  3. Kris - Feb 11, 2010 at 2:05 PM

    Sadly, I think “Lenny Dykstra on Child Naming” may be just as bad as “Lenny Dykstra on Investing” or “Lenny Dykstra on Parenting”.

  4. moreflagsmorefun - Feb 11, 2010 at 2:11 PM


  5. Rich in NJ - Feb 11, 2010 at 2:45 PM

    If Lenny ever does turn his finances around, his son’s money should be the first debt that should be repaid (with interest). Unfortunately, the government and any secured creditors probably won’t see it that way.

  6. BC - Feb 11, 2010 at 2:53 PM

    I don’t think there’s much chance of that. This guy is one seriously bad dude. His family is better off without him.

  7. Jack Meoffer - Feb 11, 2010 at 3:10 PM

    Lenny is a typical b.s.’er. Has a story for everything and everyone got scammed. Obviously he was not who he was but people got taken and the rest is history. He is never going to come back because he never was really there. But to screw your own son shows you what type of person he is.

  8. BD - Feb 11, 2010 at 3:11 PM

    Maybe Darren Daulton can take him time travelling back to 2007 to unscrew this all up.

  9. Wells - Feb 11, 2010 at 3:11 PM

    In terms of setting up your kid for failure, naming him “Cutter” is a great first step.

  10. Natester - Feb 11, 2010 at 3:20 PM

    Cutter was a 2nd round pick, not first.

  11. - Feb 11, 2010 at 3:46 PM

    I think we all know how this story will end: with Dykstra in jail and his son taking over the lucrative investment business.

  12. Old Gator - Feb 11, 2010 at 3:52 PM

    As a dad, I have to feel awful for him, shithead that he is. Obviously he was trying to talk to the kid and win some kind of forgiveness and the kid spat him out. It’s a pretty heartbreaking scenario all the way around.
    Then again, at least Lenny didn’t have himself sent for treatment at some overpriced clinic for scam addicts. Tiger and Steve have given us enough of that kind of new-age medical apocrypha to last an epoch. And that’s without even mentioning Britney and Lindsay….

  13. smokehouse - Feb 11, 2010 at 4:21 PM

    What a fall. I remember Dykstra as a member of the 1993 NL champion Phillies. That was a great throwback team if there ever was one. He was the straw that made that machine work, being in first place the entire year, beating Atlanta in the NLCS before losing to the Jays in the WS. They came from last place in 1992 to world series team one year later. For that one year they were as good as todays Phillies.

  14. Old Gator - Feb 12, 2010 at 5:54 PM

    Yes, Dykstra has played out his De Casibus Virorum Illustribus script to the letter.
    I wonder if Caesar and Sejanus ate as many of those horrible horsemeat and velveeta sandwiches as Lenny did? That would certainly account for it.

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