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Home Sport Esteban Loaiza, onetime Yankees pitcher, blew through his $44M fortune before cocaine...

Esteban Loaiza, onetime Yankees pitcher, blew through his $44M fortune before cocaine bust: report

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Esteban Loaiza spent 14 seasons in Main League Baseball, which included a stint with the New York Yankees in 2004, and he made almost $44 million in his profession. The now 48-year-old is within the Seattle-Tacoma Federal Detention Heart, his cash lengthy gone, serving three years in jail for felony cocaine possession with intent to distribute.

Loaiza’s downfall apparently stemmed from a lavish way of life, which included beneficiant presents to relations lengthy after his moneymaking days in baseball had been over, in line with a Bleacher Report article revealed Thursday.

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Loaiza final pitched in 2008. He was arrested in February 2018 after an investigation found that he had 44 kilos of cocaine price $500,000 in a townhouse in California, per the report.

OAKLAND, CA - APRIL 14: Esteban Loaiza of the Oakland Athletics smokes a cigar in the clubhouse before the game against the New York Yankees at the McAfee Coliseum in Oakland, California on April 14, 2007. (Photo by Michael Zagaris/MLB Photos via Getty Images)

“I think when we’re young, we all have a tendency to think it’s going to last forever,” Former Yankees supervisor Joe Torre, who managed Loaiza in his half-season with the membership, advised the location. “And when you have to move on to something else, I guess you’re vulnerable. It’s sad.”

Loaiza was traded to the Yankees for Jose Contreras, however he went 1-2 with an 8.50 ERA in six begins. He went on to battle for the remainder of his profession, later being arrested on the fees of drunk driving and rushing after purportedly going 120 mph on an Oakland freeway in a Ferrari. He was reportedly convicted of reckless driving and given a three-year probationary sentence.

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“This was the Lamborghini-driving, Maserati-driving, DUI Loaiza that we got,” Oakland radio broadcaster Vince Cotroneo stated. “The paint was starting to dry. You were starting to capture the full portrait of the guy. When he got to Oakland, it got stranger.”

File picture taken on June 14, 2011, of Mexican-American singer Jenni Rivera, walking with her then boyfriend, baseball player Esteba Loaiza. Rivera died in a plane crash on December 9, 2012. AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

As soon as his profession was over, he married Mexican-American pop star Jenni Rivera. When the couple was within the strategy of getting a divorce, Rivera was killed in a 2012 airplane crash.

One particular person shut with the Loaizas advised Bleacher Report that “his family kept drawing and drawing and drawing [money] from him.”

Then, in 2018, when he was being watched in Southern California close to the Mexican border, Loaiza was reportedly pulled over. And after canine smelled for medication in his Mercedes SUV, cops acquired a search warrant for the home the place Loaiza was headed — the place they discovered 20 packages of cocaine within the compartment of a Nissan parked within the storage, in line with the report.

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Loaiza admitted that he transferred the medication from one car to the opposite, and the home had been rented in his identify. Loaiza declined an interview request for the story, in line with the Bleacher Report.

Loaiza’s legal professional stated in paperwork filed with the courtroom that his consumer “made a huge error in [judgment] when he agreed to commit this crime,” the report stated.

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