NBA star Antoine Walker blew through the $110million he earned in a successful basketball career so quickly that he was forced to file for bankruptcy just two years after he retired. Walker, who was forced to come out of retirement and play in the obscure development league, says bad real estate deals, gambling debts and 14 years of living the high life have left him all but broke today. It is a far cry from his glory days in the NBA, where he was named to the all-star team three times and won a championship in 2006.
Comments: Another brilliant guy from the NBA. s/o I can't even comprehend blowing through $110 million dollars. You would have to work really hard to spend that kind of money. It's just shocking.
Shame on the NBA! And while I'm at it, shame on the NFL! This is yet another example of how the culture of celebrity is IRRESPONSIBLE and lacking in ANY grounding. It is HARMING our country. Young people look up to these sad souls as if they are heroes. THEY ARE NOT.
If I owned a professional sports team, I'd hire someone to be a life coach for these guys. Teach them about managing money, dealing with fame, women etc. I would want to protect my investment. It's easy to say what an idiot these guys are, but they have no training in this stuff and are easy prey for people to leach off of. Most boxers and many actors and actresses and recording artists fall into this situation too.
no - they do not teach economics in the hood. I've often wondered how I would handle a huge windfall of money - like a lottery win. People are seldom equipped to deal with this, particularly when you factor in hangers-on, gambling, stupid business deals and sneaky management.
these stories are all too common - you would think that at least the major sports associations (or even the individual clubs) could offer financial management advice to the players. None of them are truly capable of handling this kind of income...
Financial responsibility and economics is for whitey, if a black tries to understand this in the hood, they are immediately labeled an Uncle Tom, because apparently ghetto culture dictates that blacks must have no responsibility for anything. Thank you LBJ!
What I cannot understand is why seemingly sane people fork over the huge ticket prices to see these knuckleheads bounce a ball around the court. The only difference between this waste of money and the government's is the optional nature of the funding. There are so many better uses for the money (taxes or tickets).
Watch the documentary BROKE on ESPN. It has a cross-section of sports stars both black and white who lost millions. I do not feel sorry for any of them.
The blacks spent their money on cars, houses, liquor, women and lots of bling not to mention child support...9 children by 9 different women, Evander has 11 children. When they received their checks, it was a signal that they were to spend it all cause another one was coming next month....then the checks ceased!!
Kosar and Shilling spent theirs on real estate and other flimsy business ventures but at least they didn't have a posse to support plus an assortment of "baby mamas".
One might think that the leagues and/or players' associations would provide mandatory financial counseling to these athletes. Don't they? Poverty is a mindset. It takes more than large checks to overcome it.
I think the Colleges and Universities where these budding superstars are groomed owe them an education, so they can make responsible financial decisions when the time comes. This kid came from Kentucky, who is now the pinaccle of college bball. Few of their kids last more than one or two years before they go the NBA, but the University makes plenty of money off them until they do!
This actually illustrates a good point - just become someone is financially successful does not mean they are "smart" - having the skills and ability to be a popular actor, athlete, professor, investor ect.. does not mean you can think critically and make optimum choices.
Most of the time in Boston he was a selfish ball hog, not much of a team player on defense, and a whiner with the refs. This isn't surprising. Number One went to his head. Maybe Obama will invite him to play hoops.
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In February, the Bush family’s personal emails were hacked by Guccifer, a hacker who uncovered photographs of former President George H. W. Bush in a hospital bed and George W. Bush’s oil paintings in the process. It seems Guccifer has struck again, this time targeting former President Bill Clinton and the Clinton Library. The hacker has reportedly uncovered doodles of Clinton drawing on what were, at the time, classified documents. Among the doodles is apparently a picture of a penis. The document uncovered is a briefing of the strategic measures the United States could take prior Clinton’s decision to intervene in
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