Nails getting hammered by lawsuits

Lenny Dykstra launched "The Players Club" magazine last month. Dykstra's publication debuted with a cannonball splash. A lengthy New Yorker feature, which anoints Dykstra "Baseball’s most improbable post-career success story." HBO's Real Sports also did a glowing feature. In the segment, Dykstra demonstrates a pretty good handle on the pro athletes' plight and their anatomy. Said Dykstra,  "People think that if they make $10 million. You pay your agent, you pay taxes, you buy the nice house, help the family out and now you have your dick in your hand." Kudos to Bryant Gumbell for expressing skepticism to segment host Bernard Goldberg, who then defended Lenny as the real deal. CNBC's Jim Cramer calls Dykstra "one of the great ones in this business."

The Players Club is not just a "lifestyle magazine," but also an investment vehicle for current and former professional athletes.

And back to reality: Reports of Dykstra's financial prowess may have been greatly exaggerated. Dykstra sued Doubledown Media for breaching its contract by "withholding the issue and interfering with the magazine's business relationships." Doubledown then countersued. Dykstra is also being sued by his former accountant.

Nails plans to fight: "I don't buckle. I go to war." Stay tuned.

--Marc Isenberg