This morning, Massachusetts Superior Court Judge Susan Garsh overturned Aaron Hernandez’s conviction on murder because of a state law (actually a court precedent) in Massachusetts that essentially vacates convictions for crimes if somebody dies.
Massachusetts stipulates that if someone dies and his/her appeals options aren’t exhausted, his/her conviction can be vacated.
Although lawyers for Massachusetts insisted that an exception should be made with Hernandez because he killed himself with the intention of preserving his estate, they were unsuccessful in convincing the judge.
When we first wrote about Hernandez, we noted that a large portion of Hernandez’s money was lost in relation to his conviction for murder. Now that the conviction is vacated, however, Hernandez’s estate may be able to retain a reasonable amount of that money.
There are a lot of legal issues at play here, but the fact that Hernandez’s conviction will be vacated could be a windfall for his wife.
Take, for instance, his contract with the Patriots. In 2013, when Hernandez was taken into custody for the murder of Odin Lloyd, he was released from his job with the Patriots. Although his contract was reportedly worth $19.3 million, he received only a fraction of that. And endorsement deals with Puma and Cytosport were cancelled.
Depending on the wording of these contracts, Hernandez may be able to receive some of that money now that his conviction has been vacated. That is, the Patriots may no longer have a justification for firing Hernandez, so they would have to pay out the rest of his contract. That is an estimated $6 million.
Some of the endorsement deals may have to be honored as well, meaning even more money for Hernandez’s estate.
The estate will also receive some money from the sale of Hernandez’s $1.3 million house, which was cleared for transfer recently.
So what is Aaron Hernandez net worth now? How much of that will his wife get? We estimate that his estate will now be receiving around $5-$10 million.
However, that doesn’t mean his wife will see that money. There’s a pending claim for the money from the family of one of Hernandez’s victims, Odin Lloyd. That could wipe out the entire estate. Also, Hernandez and his estate owe a lot to lawyers and others, some of which may be able to be collected from the estate.
In the end, Hernandez may have told his wife that she was rich, but it’s unlikely she’ll get much of anything.
Photo credit: Jeffrey Beall