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Flipping is a term used primarily in the United States to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Though flipping can apply to any asset, the term is most often applied to real estate and initial public offerings.

The term "flipping" is frequently used both as a descriptive term for schemes involving market manipulation and other illegal conduct and as a derogatory term for legal real estate investing strategies that are perceived by some to be unethical or socially destructive. The latter usage is typically contested by those who believe the strategies in question are ethical and socially beneficial or neutral. In the United Kingdom the term is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances.^[1]

Types of flipping[link]

Wholesaling & Assigning a Contract[link]

Wholesalers make a profit by signing a contract to purchase a property from a seller and then entering into an agreement with a third party to resell the same property at a higher price for a profit. All rights to the original purchase contract are assigned to the new buyer and the new buyer pays an "assignment fee" to the wholesaler in order to gain all rights to purchase the property at the original purchase price. The original purchase contract usually has an "inspection period" which allows the original buyer to back out of the contract and not close on it if they do not find a buyer to assign their contract to. Many wholesalers have no intention of actually purchasing the property and simply use wholesaling as a tool to locate properties for other investors. Wholesalers that are able to identify good investment opportunities for other investors can make a good living by locating these properties and then assigning the rights to them to these buyers.

In many cases, if another buyer is not found prior to the end of the inspection period, the wholesaler cancels the original purchase contract relying on the cancellation for inspection clause in the original contract which allows the contract to be cancelled and their deposit to be returned to them. Wholesaling requires little or no money to be secured in escrow, and in most cases the wholesaler never intends to actually purchase the property. The practice of wholesaling is often advertised as "No Money Down and No Risk" by many real estate coaching companies and infomercials since the actual deposit can be as little as $10 and in effect even the deposit can be returned if the wholesaler cancels the contract prior to the end of the inspection period.

Some people are of the opinion that wholesaling is fraudulent misrepresentation since the wholesaler does not actually intend to close on the property themselves. However in the United States wholesaling is perfectly legal and every real estate contract allows the buyer an inspection period and any amount of deposit that buyer and seller agree to. The concept of wholesaling a property is no different than a wholesaler in any other industry that signs a contract to purchase goods with the hope of reselling those goods at a profit to a third party. In a successful transaction the seller is often unaware that original buyer is not purchasing the property. In some cases, wholesalers actually purchase the property for cash and then resell the property to their end buyer in a second closing. This practice is considered more costly since the buyer is paying closing costs to purchase the property and to resell the property. However many people consider double closing to be more ethical since the original seller sold the property to the buyer and then the buyer entered into a new transaction to resell the property to a new buyer. In cases where there are substantial profits from reselling it often makes sense for the wholesaler to pay for two closing costs (double closing) in order to not have to request a large assignment fee from their buyer.

Bank owned properties and short sales cannot be purchased using an assignment of contract so the double closing method must be utilized. In order for wholesalers to pay for the property before they can resell it they need to have access to cash or borrow "transactional funding" from a private lender so that they can pay for the property before they resell it.

Wholesaling a Property Multiple Times[link]

It is not uncommon for a property to be assigned multiple times and for a few wholesalers to make money in a transaction from the seller to the end buyer. The original wholesaler enters into a contract to purchases a property at below-market value, and then assigns or sells their rights to that contract to another investor. That investor then assigns their rights to said contract to a third investor and so forth. In many cases wholesalers work together ensuring that all parties get paid on a transaction. This practise is often frowned upon in the real estate community since it seems unethical or illegal. In practice there is nothing illegal about wholesaling or assigning rights to a purchase contract even if it is multiple times. It is important to understand that the reason there is an opportunity to wholesale is because the original seller is selling the property for substantially less than market value. This usually occurs when either the property or the seller is in distress. Examples of distress could be a property damaged by fire, flood, hurricane or a homeowner that is facing foreclosure and is about to lose their home and is selling it for substantially less than fair market value. The practice of buying real estate at substantially below market value is called Distressed Real Estate Investing or Wholesale Real Estate Investing hence the term "wholesaler".

Real estate flipping[link]

Profits from flipping real estate come from either buying low and selling high (often in a rapidly-rising market), or buying a house that needs repair and fixing it up before reselling it for a profit.

Under the "fix and flip" scenario, an investor or flipper will purchase a house at a relatively low price (often deeply discounted from the house's market value). The discount may be due to the house's condition (e.g., the house needs major renovations and/or repairs) or due to the owner(s) needing to sell a house quickly (e.g., relocation, divorce, pending foreclosure). The investor will (usually) then perform necessary renovations and repairs, and attempt to make a profit by selling the house quickly at a higher price (closer to market value).

Second home flipping[link]

In the UK, Members of Parliament are given an allowance to maintain an extra home in London allowing them to live closer to the Houses of Parliament during the working week. Certain costs for this second home can be claimed and are thus partly funded by the taxpayer. Subsequently a MP can nominate any of their properties as the second home, called "flipping", and by nominating each as a second home can obtain further allowances. In some cases, MPs can simultaneously declare one home as their primary residence (for tax purposes) and as their second residence (for expense purposes). Following publication of the MPs expenses scandal on May 15, 2009 the practice ended.^[2]

Effects[link]

Bubbles[link]

Flipping bubbles have historically ended in disaster, such as during the Florida land boom of the 1920s.^[3]

In the 2000s (decade), relaxed federal borrowing standards (which included the abilities for a subprime borrower to receive a loan, and for a borrower to purchase a home with little or no money down) may have led directly to a boom in demand for houses, thereby affecting the supply. Since it was easier to borrow, many investors snapped up investment homes without having to put money down. Additionally, since so many investors were purchasing homes, this left even fewer homes available to be purchased by owner-occupants. Since the ones that were placed back on the market by flippers were priced higher than before the flip, buyers again had even less money to put down. This resulted in a continuing circle until finally the bubble burst in 2008 and borrowing standards began returning to normal, leaving the housing market to bottom out before it begins to steadily correct itself.

Flipping was so popular in the United States that many DIY television programs like A&E's Flip This House detailed the process.

The other significant adverse financial aspect of the mentality of flipping is when interest rates increase. The resulting lack of sales, and major price depreciations (often far below) their previous increases, results in a flood of properties on the market at one time, not selling due to lack of buyers, causing a meltdown of a local market and potentially the economy as a whole.

Rejuvenation and gentrification[link]

"Rational" flipping can encourage a rejuvenation and restoration of a previously decrepit neighborhood, but rising property values can also be seen in a negative light, termed gentrification.

Under the broken windows theory, an unkept house/area attracts a criminal element, which drives out those making a responsible living, which allows for more criminal element, and so on in a vicious downward cycle. The restoration creates jobs, particularly in construction, for locals and generates more sales (and sales taxes) to local vendors (initially those involved in selling construction materials). The newly remodelled homes will then attract new populations and businesses to a region, encouraging more economic development, plus the remodelled homes' higher assessed values brings more property tax revenues to local governments, allowing for more improvements to the area and driving out the criminal element.

As flipping occurs more frequently in a community, the total cost of living there can rise substantially, eventually forcing current residents to relocate, specifically less affluent younger and older people. On a small scale, flippers can cause distress and disturbance to their immediate neighbors by performing lengthy renovations. Flippers commonly have no interest in neighborhood integration,^{[citation needed]} which may cause tensions with long-term residents. During the real estate bubble, flipping and gentrification both have been linked to the mass migration of people to California, where high real estate prices and ample jobs attracted wealth seekers.^{[citation needed]} In response, many native Californians were forced to migrate to the less expensive areas of surrounding states such as Arizona, Nevada, Texas, Oregon and Washington.^{[citation needed]} This migration of Californians caused further gentrification in the areas that they had moved to en masse. Areas such as Phoenix, Arizona and Las Vegas which were once very inexpensive to live in prior to the real estate bubble are now quite expensive, although prices have dropped significantly since 2006.

Property values[link]

After a renovation, the house itself will be in better condition and last longer, and can be sold at a higher price, thus increasing its property tax assessed value, plus increased sales for goods and services related to property improvement and the related increase in sales taxes. Neighbors can also benefit by having nicer homes in the neighborhood, thereby increasing their own home values.

Regulations[link]

In 2006, the Department of Housing and Urban Development created regulations regarding predatory flipping within Federal Housing Administration (FHA) single-family mortgage insurance. The time requirement for owning a property was greater than 90 days between purchase and sale dates to qualify for FHA-insured mortgage financing.^[4] This requirement was greatly relaxed in January 2010, and the 90-day holding period was all but eliminated.^[5]

Illegal activity[link]

Flipping can sometimes also be a criminal scheme. Illegal property flipping is a fraud-for-profit scheme whereby recently acquired real property is resold for a considerable profit with an artificially inflated value. The real property is resold within a short time frame, often after making only cosmetic improvements to the real property. Illegal property flipping often involves collusion between a real estate appraiser, a mortgage originator and a closing agent. The cooperation of a real estate appraiser is necessary since a false and artificially inflated appraisal report is required. The buyer (ultimate borrower) may or may not be aware of the situation. This type of fraud is one of the most costly for lenders because the loss is always large.

The following is an example of an illegal property flip: A buyer contracts to purchase a property in his name for $30,000. Before closing the deal, he draws up a second contract to sell the property to a co-conspirator at $70,000 — a price substantially higher than market value. He seeks a loan for a second contract through a mortgage lender or a mortgage broker and submits an application. A real estate appraiser inflates the value of the property, enough to justify the loan, and is paid triple the usual fee (although many times inexperienced or incompetent appraisers are unwittingly caught in the scheme through pressure and intimidation from the scammers). A mortgage lender approves the application and releases the $70,000. Next, the contracts for the property are closed either simultaneously or within a short time from each other. The originator of the scheme takes the $70,000, pays off the $30,000 and divides the remaining $40,000 between himself and any other plotters — usually the mortgage broker or loan officer and sometimes the second buyer. The lender ends up with a 100% or greater loan to value mortgage. That buyer makes a few payments on the property, then defaults and allows it to go into foreclosure. Finally, the lender learns that the property doesn’t even cover the loan value.

In the United States, the Uniform Standards of Professional Appraisal Practice (USPAP), which governs real estate appraisal, and Fannie Mae, which oversees the secondary residential mortgage market, have enacted practices to detect illegal flipping schemes.

Flipping in television[link]

• Bravo's Interior Therapy with Jeff Lewis
• Bravo's Million Dollar Listing and its spinoff, "Million Dollar Listing New York"
• Bravo's Flipping Out
• TLC's The Adam Carolla Project
• TLC and Channel 4's Property Ladder
• A&E Network's Flip This House
• TLC's Flip That House
• TLC's The Real Estate Pros
• Spike TV's Flip Men
• DIY Network's The Vanilla Ice Project
• BBC One's Homes Under the Hammer

See also[link]

• Housing bubble
• United States housing bubble
• IPO pricing
• Phillip E. Hill, Sr.
• Real Estate Investing
• Creative Real Estate Investing
• Creative Financing

External links[link]

• Wholesale Listings Nationwide
• Real Estate Wholesaling
• Flippa.com
• Flipping Enterprises
• Learn How To Wholesale Real Estate
• The Wholesale Real Estate Forum

Notes[link]

References[link]

Published articles[link]

• Mann, Ted (September 30, 2006). "Risky Business". Scarsdale Magazine. http://www.lohud.com/apps/pbcs.dll/article?AID=/20060930/CUSTOM05/609270442/1204.  -- about real-estate flippers in suburban New York.
• "Property flipping as neighborhood destablization versus short term real estate investment (STREI) as community reinvestment: A case study of Buffalo, NY". http://gradworks.umi.com/14/44/1444023.html. 
• Zamora, Amanda (February 23, 2010). "Huffington Post Investigative Fund". http://www.huffingtonpost.com/amanda-zamora/victim-of-a-real-estate-s_b_447640.html. 
• "FBI-Property Flipping Data base". http://foia.fbi.gov/property_flipping.htm. 
• "How Wholesalers Use Assignment Of Contract". http://www.reiclub.com/articles/wholesalers-assignment-contract-flip. 
• "Flipping Houses Is Harder Than It Looks". http://realestate.msn.com/article.aspx?cp-documentid=13107725. 
• "Buying Bank Owned REO Properties". http://lexlevinrad.com/Buying-Bank-Owned-REO-Properties1.html. 

Books[link]

• [|Umphery, Marcel]. The Beginners Step-By-Step No Money Down Guide "Flop 2 Flip Wholesaling Manual". 
• Bronchick, William; Dahlstrom, Robert. Flipping Properties: Generate Instant Cash Profits in Real Estate. 
• Berges, Steve (2004). The Complete Guide to Flipping Properties. John Wiley & Sons. ISBN 978-0-471-46331-3. 
• Weiss, Mark B.. Real Estate Flipping: Grow Rich Buying and Selling Property. 
• Hamilton, Gene; Hamilton, Katie. Fix It and Flip It: How to Make Money Rehabbing Real Estate for Profit. 
• [|Levinrad, Lex] (2012). Wholesaling Bank Owned Properties. Distressed Real Estate Institute. 

Tim Horton
Horton in 1965
Born	(1930-01-12)January 12, 1930 Cochrane, ON, CAN
Died	February 21, 1974(1974-02-21) (aged 44) St. Catharines, ON, CAN
Height	5 ft 10 in (1.78 m)
Weight	180 lb (82 kg; 12 st 12 lb)
Position	Defenceman
Shot	Right
Played for	Toronto Maple Leafs New York Rangers Pittsburgh Penguins Buffalo Sabres
Playing career	1949–1974
Hall of Fame, 1977

Timothy Miles Gilbert "Tim" Horton (January 12, 1930 – February 21, 1974) was a Canadian professional ice hockey defenceman. He played in 22 seasons in the National Hockey League for the Toronto Maple Leafs, New York Rangers, Pittsburgh Penguins, and Buffalo Sabres. He was also a businessman and a co-founder of fast food chain Tim Hortons. He died in an automobile crash in St. Catharines, Ontario, in 1974 at the age of 44.

Early years[link]

Tim Horton was born in Cochrane, Ontario, at Lady Minto Hospital. His parents were Aaron Oakley Horton (a Canadian National Railway mechanic) and Ethel Horton. Tim had one brother, Gerry Horton.^[1]

His father was of English descent, and his mother of Irish. The Hortons moved to Duparquet, Quebec in 1935, but returned to Cochrane in 1938. In 1945, Tim and his family moved to Sudbury, Ontario.

Playing career[link]

This unreferenced section requires citations to ensure verifiability.

Tim Horton grew up playing ice hockey in Cochrane, and later in the mining country near Timmins. The Toronto Maple Leafs organization signed him, and in 1948 he moved to Toronto to play junior hockey and attended St. Michael's College School.

Two years later, he turned pro with the Leafs' farm team, the Pittsburgh Hornets of the American Hockey League, and most of his first three seasons were spent with Pittsburgh. He played in his first NHL game on March 26, 1950. He started to play regularly for the Toronto Maple Leafs in the fall of 1952. He remained a Leaf until 1970, winning four Stanley Cups. Horton later played for the New York Rangers, Pittsburgh Penguins and Buffalo Sabres. Horton was known for his tremendous strength and calmness under pressure, and had relatively few penalty minutes for an enforcer-type defenceman. Horton was a hard-working and durable defenceman who was also an effective puck carrier – in 1964–65 he played right wing for the Leafs. He was named an NHL First Team All-Star three times (1964, 1968, and 1969). He was selected to the NHL Second Team three more times (1954, 1963, 1967). He appeared in six National Hockey League All-Star Games.

Between February 11, 1961, and February 4, 1968, Horton appeared in 486 consecutive regular-season games; this remains the Leafs club record for consecutive games and was the NHL record for consecutive games by a defencemen until broken by Karlis Skrastins on February 8, 2007. On March 12, 1955, he had suffered a broken leg and jaw after being checked by Bill Gadsby of the New York Rangers. The injuries were so severe that he missed much of the following season, and there had been some doubt as to whether he would ever be able to return to the game.

Horton had a reputation for enveloping players who were fighting him in a crushing bear hug. Boston Bruins winger Derek Sanderson once bit Horton during a fight; years later, Horton's widow, Lori, still wondered why. "Well," Sanderson replied, "I felt one rib go, and I felt another rib go, so I just had—to, well, get out of there!"^{[citation needed]}

Injuries and age were little more than minor inconveniences to Horton, who was generally acknowledged as the strongest man in the game while he was playing. Chicago Blackhawks winger Bobby Hull declared, "There were defensemen you had to fear because they were vicious and would slam you into the boards from behind, for one, Eddie Shore. But you respected Tim Horton because he didn't need that type of intimidation. He used his tremendous strength and talent to keep you in check."^{[citation needed]}

In 1962, he scored three goals and 13 assists in 12 playoff games, setting a Leafs team record for playoff points by a defenceman that was tied in 1978 by Ian Turnbull (who played 13 games) and was not broken until 1994, when David Ellett registered 18 points (albeit in 18 games).

In spite of the fact that Horton was 42 years old at the time, and suffering from considerable nearsightedness, former Leafs general manager Punch Imlach signed Horton to the Buffalo Sabres in 1972. His performance was more than adequate and aided the Sabres into their first playoff appearance in 1973. He subsequently signed a contract extension in the offseason.^[2]

Horton wore the number 7 while playing for the Leafs, the same number worn by King Clancy from 1931–32 to 1936–37. The team declared both Horton and Clancy honoured players at a ceremony on November 21, 1995, but did not retire the number 7 from team use; instead, it became an Honoured Jersey Number,^[3] abiding by Leafs honours policy.^[4] Horton wore number 2 in Buffalo (as Rick Martin already had the number 7), which was retired.

Horton believed that he had taken too many penalties early in his career because of his "hot temper".

Career statistics[link]

Doughnut industries[link]

In 1964, Horton opened his first Tim Horton Doughnut Shop in Hamilton, Ontario on Ottawa Street.^[5] He even added a few of his culinary creations to the initial menu. By 1967, Horton had become a multi-million dollar franchise system. Horton's previous business ventures included both a hamburger restaurant and Studebaker auto dealership in Toronto.

Upon Horton's death in 1974, his business partner, Ron Joyce, bought out the Horton family's shares for $1 million and took over as sole owner of the existing chain of 40 stores.

Today, in addition to over 3,000 locations in Canada, there are over 556 Tim Hortons Doughnut Shops in the United States, and they can be found in Michigan, Ohio, New York, Maine, Pennsylvania, and other American states, mainly in the Northeast and the Great Lakes region. There was also a Tim Hortons on the Kandahar Canadian Military base in Afghanistan until late 2011. There are also a number of Tim Hortons in the United Kingdom.

Ron Joyce's son married Horton's daughter, returning the Horton family to the company.

Death[link]

Early on the morning of February 21, 1974, Horton was driving on the Queen Elizabeth Way from Toronto to his home in Buffalo after the Sabres had played in Toronto the night before, in his De Tomaso Pantera sports car, a gift from Sabres GM George "Punch" Imlach. He was navigating a curve on the QEW where it crosses over Twelve Mile Creek in St. Catharines when he lost control and hit a concrete culvert. The impact flipped the vehicle and Horton, who was not wearing a seat belt, was ejected from the vehicle. Horton was reported dead on arrival at the local hospital. A police officer pursuing Horton's vehicle said that he had been travelling at over 160 km/h (100 mph).

There were reports that Horton had consumed a considerable amount of vodka, and was rumoured to have been taking pain killers due to a jaw injury suffered in practice the day before. An autopsy report released in 2005 showed Horton had a blood alcohol level of twice the legal limit. The blood test also showed signs of amobarbital, which was possibly a residue from the Dexamyl pills that were found on Horton's body. The autopsy showed no indication Horton was taking painkillers as previously thought.

Not long after Horton's death, Ron Joyce offered Lori Horton (Tim's widow) $1 million for her shares in the chain, which included 40 stores by that time. Once she accepted his offer, Joyce became the sole owner. Years later, Mrs. Horton decided that the deal between her and Joyce had not been fair and took the matter to court. Mrs. Horton lost the lawsuit in 1993, and an appeal was declined in 1995. Lori died in 2000.^[6] Tim and Lori left four daughters, Jeri-Lyn (Horton-Joyce), Traci (Simone), Kim and Kelly. Jeri-Lyn married Ron Joyce's son Ron Joyce Jr. and owns a store in Cobourg, Ontario.

Tim Horton is buried in York Cemetery, Toronto.^[7]

Awards and achievements[link]

• Named to NHL First All-Star Team in 1964, 1968, and 1969
• Named to NHL Second All-Star Team in 1954, 1963, and 1967
• 1961–62 – Stanley Cup champion
• 1962–63 – Stanley Cup champion
• 1963–64 – Stanley Cup champion
• 1966–67 – Stanley Cup champion
• 1977 – Inducted (posthumously) into the Hockey Hall of Fame
• 1982 – Inducted (posthumously) into the Buffalo Sabres Hall of Fame^[8]
• 1996 – Number 2 retired by the Buffalo Sabres
• 1998 – Ranked number 43 on The Hockey News list of the 100 Greatest Hockey Players.
• 2004 – Ranked number 59 in The Greatest Canadian list by the Canadian Broadcasting Corporation

See also[link]

• List of ice hockey players who died during their playing career
• List of NHL players with 1000 games played

References[link]

  7.   Quinlan, Don Tim Horton: From Stanley Cups to Coffee Cups, a biography of Tim Horton for ages 8+

External links[link]

• Tim Horton's biography at Legends of Hockey
• The Canadian Encyclopedia: Tim Horton
• Biography at Tim Hortons corporate site
• Tim Horton's career stats at The Internet Hockey Database

Jerome Louis Simpson (born February 4, 1986) is an American football wide receiver for the Minnesota Vikings of the National Football League. He was drafted by the Cincinnati Bengals in the second round of the 2008 NFL Draft. He played college football at Coastal Carolina.

Early years[link]

Simpson participated in football, basketball, and track while attending Reidsville High School. As a receiver in football, Simpson was an all-state selection as he led the Rams to consecutive state titles. In his senior season, Simpson won team MVP and set a championship record with 13 receptions for 133 yards and also added a 62-yard touchdown pass. He missed three games his final season, but still managed to total 96 receptions for 1,324 yards and 14 touchdowns, becoming the team's all-time receptions leader. He also played in the North Carolina Shrine Bowl and in the East-West annual game.

In basketball, Simpson led the Rams to their first state basketball championship since 1995. As a senior, he scored 19 points in the title game and winning team MVP honors. He also ran on the state champion 4x400-meter relay team with a time of 3:21 in track.

College career[link]

Freshman season[link]

Jerome Simpson enrolled at Coastal Carolina University in 2004 and started all 11 games as a true freshman at receiver. In the season opener against Morehead State, Simpson recorded four catches for 59 yards and two scores in his collegiate debut. The following game, against Davidson, Simpson totaled 89 yards on six receptions for a touchdown. Against the University of Charleston, Simpson recorded his first ever 100-yard receiving game. He finished the season with 26 catches for 419 yards and eight touchdowns and was honored as the Big South Conference Freshman of the Year.

Sophomore season[link]

Simpson started six out of eleven games as a sophomore. He was named second-team All-Big South and to the South Carolina All-Star Team. He lead the team with 33 receptions for 527 yards and nine touchdowns, all single-season school records. In his best game of the season, a victory over James Madison, Simpson set a school record with 10 receptions for 162 yards and two touchdowns. Against Savannah State, Simpson set another school-record with a 60-yard reception for a touchdown.

Simpson also was a member of the 2006 Big South Men's Championship Track and Field squad. He earned All-Big South honors after finished third in the high jump and long jump, setting a new school record for high jump with 2.05 meters.

Junior season[link]

In 2006, Simpson started in 10 of 12 games. He was named first-team All-Big South, second-team All-American and South Carolina All-Star selections. Teaming with quarterback Tyler Thigpen, Simpson had 61 receptions for 1,077 yards and a Big South record 16 touchdowns, which were also school records. Against Georgia Southern, Simpson set a school record with 207 yards and two scores on only eight receptions. Against No. 3 Furman, he recorded 151 yards and two touchdowns, including the game-winning touchdown reception. In the school's first ever NCAA Tournament appearance, Simpson recorded 132 yards and two touchdowns against No. 1 Appalachian State. Simpson led the Big South with five games of 100 yards receiving or more.

Simpson again competed in track and field as a junior, finished third in the NCAA Regionals in long jump and qualified for the 2007 NCAA Outdoor Track and Field Championships. He was also a part of the 400-meter relay team that set a school record at the Championships.

Senior season[link]

In 2007, Simpson broke all school career receiving records while playing in all 11 games. He posted 41 receptions for 697 yards and 11 touchdowns, all lower than his junior totals.

Professional career[link]

Cincinnati Bengals[link]

Jerome Simpson was selected in the 2nd round, 46th overall by the Cincinnati Bengals in the 2008 NFL Draft. He was signed to a four-year contract but did not have any receptions during limited playing time in 2009. Due to injuries to Terrell Owens and Chad Ochocinco, Simpson made his second career start in Week 16 of the 2010 season and had a breakout performance, catching 6 passes for 124 yards and 2 touchdowns. He followed it up with 12 catches, 124 yards, and a touchdown in a game versus the Ravens to end the season with 18 receptions.

In Week 16 of the 2011 season, Simpson did a front-flip over Arizona Cardinals linebacker Daryl Washington to score a touchdown and landed on his feet.^[1] This move was also touted to be one of the best plays of the decade.^[2]

Minnesota Vikings[link]

Simpson signed with the Minnesota Vikings on April 24, 2012. The deal was worth 2 million dollars over 1 year.^[3]

Police Investigation[link]

In September 2011, police searched Simpson's home after intercepting a package to be delivered to his home containing 2.5 pounds of marijuana. When police arrived at Simpson's home, he allowed them to search his home. Upon searching the home, the police found 6 more pounds of marijuana, scales, empty packages similar to the one intercepted by the police. Simpson's teammate Anthony Collins and his wife were at the residence and were also questioned by the police. No arrests were made.^[4] On January 19, 2012, Simpson was indicted in Covington, Kentucky for "Trafficking in more than eight ounces and less than five pounds of marijuana", a Class D felony, which carries a 1 to 5 year prison sentence if convicted. The NFL has stated it will wait until the police investigation is completed to decide if it will discipline Simpson. On April 5, 2012, Simpson was sentenced to 15 days in jail, 200 hours of community service, and 3 years probation. He will also have to undergo drug testing and pay a $7,500 fine plus court costs. He reportedly visited with the St. Louis Rams before going to jail. ^[5]

References[link]

External links[link]

• Cincinnati Bengals bio
• Simpson's flip over Daryl Washington