Antonio Pierce got the best news of his life when he was named the head coach of the Las Vegas Raiders.

Just months away from his official debut as head coach, Pierce is getting the worst news ever when it comes to his finances.

Jocelyn Pierce, the wife of Las Vegas Raiders head coach Antonio Pierce, has reportedly filed for bankruptcy. This news comes as a result of the couple investing in several car dealerships that ended up defaulting on their loans.

Unfortunately for Antonio Pierce, he was named as a guarantor of judgments, which comes out to over $28 million, and lenders want their money.

Nissan Motor Acceptance Corporation and Hyundai Capital America want what is owed to them.

Per Jason Morrin:

“Jocelyn Pierce, wife of Raiders Coach Antonio Pierce, files for bankruptcy. Per the filing, Mr. Pierce invested in car dealerships that defaulted on their loans. He was named as a guarantor of judgments = over $28M. Lenders now seek to satisfy judgments from marital assets,” Jason Morrin reported.

“Mrs. Pierce filed for bankruptcy on 6/12/24 but claims she did not sign any personal guaranty on the loans. Nissan Motor Acceptance Corporation (holding a $23M judgment) and Hyundai Capital America ($4.5M judgment) recently attempted to garnish Mr. Pierce’s wages.”

NEWS: Jocelyn Pierce, wife of #Raiders head coach Antonio Pierce has filed for bankruptcy, per @Jason_Morrin.

Creditors loaned out over $28 million to which Antonio personally guaranteed, so they are now going after everything he has.

PIERCE MAY WORK FOR FREE AS LVR’s COACH 😳 pic.twitter.com/TktXh3iExb

— MLFootball (@_MLFootball) June 25, 2024

𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴: Raiders HC Antonio Pierce’s wife Jocelyn Pierce has filed for bankruptcy.

Antonio invested in car dealerships that defaulted on their loans, per the filings.

He was the guarantor of judgments which equals over $28M. Now the Lenders are seeking to satisfy… pic.twitter.com/gynGaC5QqV

— Dov Kleiman (@NFL_DovKleiman) June 25, 2024

The 45-year-old was hired as Las Vegas’ linebackers coach under McDaniels in 2022 after previously being at Arizona State since 2018.

Pierce took over as the interim coach after Las Vegas fired Josh McDaniels when the team started 3-5 during the 2023 season. He poured new life into the team as they went 5-4 under Pierce the rest of the way, including a signature 20-14 victory over the Chiefs on Christmas Day.

Antonio Pierce and Jocelyn have three children together, and Antonio has several other children from before he met Jocelyn.

Antonio Pierce’s Net Worth Is Not Enough To Cover Default Loan

Antonio Pierce may be in a lot of trouble after his wife filed for bankruptcy after he was named as a guarantor of judgments of over $28 million following some investments in car dealerships that defaulted on their loans.

The Raiders finalized a deal with Antonio Pierce to make him the head coach, but his salary as well as net worth would not be enough to pay for all of this.

According to Celebrity Net Worth, his net worth in 2024 is $25 million.