The Nicholasville home and personal belongings of National Football League great Dermontti Dawson are set to be sold at auction next week as a result of his bankruptcy.
The home at 24 Avenue of Champions that Dawson shared with his wife, Regina, is scheduled to be sold at 10 a.m. Monday. The auction will be held at the house, valued at $1 million.
An auction of Dawson's vehicles, firearms, watches, jewelry, household goods and personal memorabilia will be held at 1 p.m. Monday at Heritage Hall.
When Dawson filed for Chapter 7 bankruptcy protection during the summer, he listed $1.4 million in assets and $69.7 million in liabilities.
His debts, according to the documents, were primarily business-related. Many of the people and entities on a list of creditors included in the bankruptcy filing appeared to be connected to real estate ventures in which Dawson was involved.
Among his belongings, he listed guns valued at more than $21,000, seven watches with a total value of $27,399 and artwork valued at $10,100. The family's furniture and household goods were valued at $32,804.
Dawson also said he had a 2005 BMW 645Ci valued at $31,850 and a 2003 Hummer H2 valued at $15,325.
He indicated he planned to surrender a 41-foot-long 2001 Holiday Rambler motor home valued at more than $103,000.
A document filed in the case says Regina Dawson, who is not a party to the bankruptcy, is half owner of the home and some of the personal property. After the auction's expenses and advertising fees have been paid, half the proceeds from the real estate and jointly owned personal items will be turned over to her.
Dermontti Dawson is a Lexington native who played for Bryan Station High School and the University of Kentucky before going on to a 13-year career as center for the Pittsburgh Steelers.
He was a finalist for the Pro Football Hall of Fame in 2009 and 2010, and worked as an intern coach for the Cincinnati Bengals during training camp this summer.
Dawson serves on the University of Kentucky Board of Trustees and has been involved in a number of charitable efforts, including a foundation he set up to help disadvantaged children.
After the bankruptcy filing, Dawson said his "personal guaranty exposure on the debts of numerous real estate interests" led to the Chapter 7 filing. He said his options were limited because of market conditions and his "non-controlling minority interests in the entities which own the real estate."
"I certainly wish things had turned out differently and look forward to continuing my contributions to this community," he said.