Ridley, the former Alabama receiver who is now a rookie with the Atlanta Falcons, bet $1,500 on Auburn to win last year’s Iron Bowl. He doubled down and lost his job as well when he made it 3-0 in favor of Auburn. Despite missing much of this season due to injury, Ridley is attempting to find a team willing to make him an offer again for next year
Calvin Ridley’s “calvin ridley net worth” is a story that has gone viral. The Atlanta Falcons wide receiver bet $1,500 on the Falcons to win Super Bowl LIII. However, when they lost to the New England Patriots in overtime, he had to pay off his debt with 11 million dollars.
On Monday, the Atlanta Falcons received devastating news about standout wide receiver Calvin Ridley. The NFL slapped Ridley with a one-year suspension for betting on NFL games during the 2021 season.
This is a major setback for the Falcons. Ridley missed the last months of the season due to mental health difficulties, but the Falcons were optimistic that he would return for the 2022 season. However, it seems like Matt Ryan will be without his No. 1 wide receiver, forcing the Falcons to pivot – a task made more difficult by the fact that they are in dire financial straits.
Ridley just wagered $1,500, but his effort to cash out on the bet will cost him $11 million in 2022 — and it might potentially cost him his NFL career.
Calvin Ridley has been fined by the NFL after he gambled on a parlay featuring the Falcons.
For wagering on sports, the NFL banned Falcons wide receiver Calvin Ridley for the 2022 season.
— Adam Schefter (@AdamSchefter) March 7, 2022
The NFL isn’t joking around when it comes to sports betting, and Ridley has been suspended indefinitely – though he has the option to appeal.
While some fans questioned the NFL’s decision, which was made despite the league’s support for a number of sports betting services, it was necessary. Ridley wasn’t playing the games when he made the wager, but it still raises issues about the sport’s legitimacy.
Ridley gambled on a parlay featuring the Falcons the same week they met the Jacksonville Jaguars, but he had already left the club to concentrate on his mental health.
According to a source familiar with the inquiry, Ridley bet on the Falcons to win three parlays (3-, 5-, and 8-teams). All of the wagers were made between November 23 and November 28 – the Falcons defeated the Jaguars on November 28. In Florida, all of the wagers were placed using a smartphone app.
— Lindsay Jones (@bylindsayhjones) March 7, 2022
Whether you like it or not, the NFL has made its decision, and Ridley will be out until 2022. He also won’t be paid for that season, giving Atlanta a little more financial leeway than they anticipated.
The Falcons WR will lose $11 million as a result of $1,500 in wagering.
Ridley’s choice to make the wager will cost him a lot of money. Of However, if the Falcons WR chooses to appeal, things might change.
He was dissatisfied with the NFL’s decision and expressed his displeasure on Twitter shortly after the decision was announced.
I’m aware that I was incorrect. But I’m just getting a year.
— CALVIN RIDLEY (@CalvinRidley1) March 7, 2022
Regardless, he will miss the 2022 season and forfeit the $11 million salary he was supposed to get. On the surface, it seems to be a hefty penalty, but the league believes it is justified, even though Ridley was not present throughout the game.
A source informed of the NFL’s investigation into Calvin Ridley’s gambling tells me the bets did involve the #Falcons.
The inquiry “uncovered no evidence suggesting any inside knowledge was exploited or that any game was compromised in any manner,” according to the NFL’s statement.
— Mike Garafolo (@MikeGarafolo) March 7, 2022
Ridley will now down $11 million and a full season in the NFL due to a few $1,500 bets, which is even worse news given that he will be 29 years old the next time he suits up in the league — if he does.
Will Ridley’s NFL career come to an end as a result of his bet?
The Atlanta Falcons’ Calvin Ridley looks on during a preseason game | Michael Reaves/Getty Images
Is it really worth it for clubs to take a risk on Ridley after this?
Sure, sports betting is already commonplace in the United States, and the NFL even encourages it. Sites like FanDuel, DraftKings, and bookmakers all around the nation are reaping the benefits of the new era.
Ridley, on the other hand, breached a boundary that may deter some clubs. Was he playing games with us? Probably not, despite the fact that former NFL player and pundit Emmanuel Acho shared a video on Twitter in which he was thrashed. The video was taken off shortly after that.
In the end, who knows whether Ridley put further bets that were not detected. However, the NFL is working hard to ensure that these sorts of situations are caught.
From our breaking news coverage on @nflnetwork: The NFL made it clear they’d be able to work with their gambling partners to gather information on potential violations by players and team employees. That’s how Calvin Ridley was caught. pic.twitter.com/0437jOcovs
— Mike Garafolo (@MikeGarafolo) March 7, 2022
It’s a bad turn of affairs for both Ridley and the Falcons, as numerous clubs have inquired about the price for the former Alabama WR in recent weeks.
The Falcons, on the other hand, refused to deal him, knowing that a penalty would be imposed at some time.
Several NFL clubs have approached the Falcons in recent weeks to ask about dealing for Calvin Ridley, and each time, Atlanta has rejected in good faith, knowing the challenges that await its star wide receiver, according to sources.
— Adam Schefter (@AdamSchefter) March 7, 2022
The Falcons have now lost their top wide outs but have gained some money to spend in free agency. Ridley is technically under contract with the Falcons until 2023, but it will be intriguing to watch if they cut him and declare a loss.
It will be even more intriguing to watch if an NFL club takes a chance on him following this betting event if that occurs.
Whether you like it or not, Ridley breached the rules, and he may have just caught his last pass in the NFL.
To obtain assistance, call the National Council on Problem Gambling’s hotline at 1-800-522-4700 in the United States.
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