- Daunte Culpepper home foreclosed
http://espn.go.com/nfl/story/_/id/94...me-foreclosure
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- Daunte Culpepper home foreclosed
http://espn.go.com/nfl/story/_/id/94...me-foreclosure
Wasn't this the idiot who was throwing $300,000 birthday parties for himself in the past?
-Vince Young may have possessions seized to pay off $1.7 million loan
http://sports.yahoo.com/blogs/nfl-sh...121416290.html
A $1.9 million loan at 20% interest. Seriously? He was never going to get out of that loan.
I can never understand how people can mess up a good thing. I cannot understand.
Ironman, I can understand how blacks waste their money and end up broke. Blacks are terrible with money and it's always been that way. That's why we stay poor hahahahahahahahahaha. Black men celebrities spend a lot of money on material things to impress their friends and girlfriends. Black women celebrities do the same thing except you don't hear about them going broke as much as black men celebrities. If Vince Young was spending $300,000 on his birthday parties, he's a idiot. There's no way he should've applied for a bank loan when he should have money.
Iverson's ex hoocie wants $1.2 million right now from him for a dress and some new shoes:
http://www.tmz.com/2013/08/31/allen-...t-1-2-million/
If I were a pro sports player, I would get a vasectomy the moment I receive my first check.
It's not even that though : "a good thing"Quote:
Originally Posted by IrOnMaN
If they didn't change the person they were before the fame & fortune it would be all good
Like it's not even up for debate, it's not a relationship there is no one else to blame.
Talk about loosing touch with reality.
These people are afraid of mirrors.
Beggars BeliefQuote:
Originally Posted by CharlesJones
Vince Young got cut by Green Bay recently. So what he's gonna do about a job? He has no money. See this is exactly why black athletes should save their money because you aren't gonna be in the NFL and NBA forever. Stop buying expensive material things and trying to impress women. Stop being with golddigging women and find a woman that isn't after your money. I just watched a interview with Mike Tyson on Youtube a few days ago on The View tv show and i saw his wife in the audience. Mike was saying that he's broke and when i saw his wife, i couldn't believe how cute she was. She must be a good woman because most women wouldn't be with Mike because of his money situation.
It was funny to hear Mike say that him and Robin Givens were having sex after they got divorced hahahahahahahahaha. He said they didn't wanna be with each other but they didn't wanna stop having sex with each other LOL. So this just shows me that Robin's story about being scared of Mike and how he beat her is bullshit because if she was really scared of him, she wouldn't have been seeing him after they were divorced.
- Curt Schilling’s estate sale features a strange look into the former pitcher’s possessions
The former Boston Red Sox pitcher is currently being sued by Rhode Island's economic development agency after 38 Studios, his startup video game company, collapsed into bankruptcy in 2011. The state had approved a $75 million loan in 2010 to get Schilling's company to move to Rhode Island.
Schilling, who now works for ESPN as an analyst, said he personally lost $50 million of his own career earnings on the failed venture.
Items for sale include:
-A pile of crutches with charlie brown christmas tree
http://media.zenfs.com/en/blogs/sptu...ngcrutches.jpg
-A pile of chargers, a lock, an outdated camera and some playing cards
http://media.zenfs.com/en/blogs/sptu...JunkDrawer.jpg
-A broken ping pong table
http://media.zenfs.com/en/blogs/sptu...ngPingPong.jpg
-Flubber hats signed by Robin Williams
http://media.zenfs.com/en/blogs/sptu...ingFlubber.jpg
http://sports.yahoo.com/blogs/mlb-bi...5029--mlb.html
http://www.brothersonsports.com/wp-c...pororeperp.jpg
The financial devastation of former NBA superstar Allen Iverson points to the financial struggle that the player has endured after a series of poor economic choices.
Rather than focusing on the negative side of player outcomes, how about we look at the positive side? See Jamal Mashburn, a guy with a lot of talent, but not nearly as much as Iverson. Rather than blowing all of his money on nothing and ending up in the financial doghouse, Mashburn has transformed the pennies of the NBA into a net worth that nearly matches that of many NBA owners.
Jamal Mashburn earned $75 million during his NBA career, prior to having his career cut short due to knee injuries. Allen Iverson earned more than $200 million during his career, prior to having his career cut short due to his nasty attitude, along with his lack of respect for authority. Mashburn now owns 34 Outback Steakhouse restaurants, 37 Papa John’s restaurants, two car dealerships, and a real estate company in the state of Kentucky. Iverson is broke, and owes $30 million in debt.“ The amount of money that you have has got nothing to do with what you earn. People earning a million dollars per year can have no money. People earning $35,000 per year can be quite well off. It’s not what you EARN. It’s what you SPEND.”
Good for Jamal Mashburn!!!!
Jamal Mashburn spoke the truth about how foolish people waste their money. I didn't know Jamal owned that many businesses. Good for him. He's a smart brother. So i guess he's not commentating NBA games anymore. Wasn't he doing that for ABC?
A lot of this $$ made by these players could've been invested in a business or something in order to make more $$. I just don't get the logic of spending $$ on things that aren't necessary.
Mantis69, you have to understand the mentality of most black NBA players. The reason why so many of them spend their money foolishly is because a lot of them grew up poor. So they figure they wanna buy expensive and nice things that they never had when they were young. I can understand wanting to have nice things that you couldn't buy when you were poor but you don't have to buy expensive stuff. I have 2 jobs and i'm able to buy things that i wanted that i couldn't get when i was young but i don't buy expensive stuff because it's not smart to buy expensive stuff because that can cause you to go broke. As long as i got a car, a place to live, clothes, sneakers, music cd's, movies, food, i'm happy. These guys also go broke because they have girlfriends or wives and they wanna impress them by buying expensive nice stuff for them to keep their women happy hahahahahahahahahahaha. If they don't buy expensive nice stuff for their women, they will be alone and they're afraid of being alone because they can't go a long time without pussy hahahahahahahahahahaha.
What i said is also for black NFL players.
"most"?
That's right. Most of them. I know there's only a few black NBA and NFL players who don't spend their money foolishly.
do you know every single one of them and keep track of their financesQuote:
Originally Posted by CharlesJones
If you would've listened to what i said, i said there's a few of them. I don't need to know every last one of them to know what their financial situation is. I know most of them spend their money foolishly because that's what ignorant black men do and the majority of black NFL and NBA players are ignorant LOL. How else do you explain how these idiots act when they got tattoos all over their body? People that got tattoos all over their body are retarded. These guys ought to be lucky they're playing in the NBA and NFL because most of them couldn't get a regular job because a white man isn't gonna hire them because of their ignorance and i bet most of them can't read. Most black athletes go to college just to play sports anyway. They don't give a damn about a education. I heard a rumor that Derrick Rose had somebody take his SAT test for him before he got to college and i'm not surprised.
you don't know. you're assuming
Charles is right. 72% of all pro athletes are broke within a few years after retiring
If you put millions of dollars in most people's hands who never had that kind of money chances are they go broke too. It's like when people win millions in the lotto they go broke fast, because they never had that kind of money, and simply don't know how to handle it.
Hectis and Barcode speaking the truth. It's really sad that so many poor blacks play the lottery because they're trying to get rich and the majority of them will never win the lottery hahahahahahahahahahaha. Even if they did win the lottery like Hectis said, they will go broke because they never had that much money. I would never waste money on playing the lottery.
Black NFL and NBA athletes also need to stop buying expensive cars and getting stuff added to the cars or trucks like rims, loud stereo system and speakers, tv's, lights underneath the cars or trucks, tinted windows. The reason i say this is because car and truck repairs are very expensive and it costs a lot of money to keep a car and truck running. I would never buy a expensive car if i had a lot of money because like i said, car repairs are expensive. I barely make enough money now to pay for car repairs and i got 2 jobs. I'm lucky that my former job supervisor who's a hispanic guy that referred me to his cousin that's a car mechanic. So whenever i go to him to get my car fixed, he doesn't charge me a lot of money unlike places like Midas, Speedy, Goodyear, Firestone that charge a lot of money for repairs. I've taken my car before to those car repair shops i named and ended up in debt.
These athletes think just because they can afford to pay for expensive car repairs that it's ok to buy expensive cars. But what their dumb asses don't understand is that their career is gonna come to a end and what are they gonna do about paying for car repairs and paying a expensive car note.
--- Former NFL quarterback Vince Young has gone from $25.7 million guaranteed to Chapter 11
http://media.zenfs.com/en/blogs/sptu...ince-Young.jpg
http://sports.yahoo.com/blogs/nfl-sh...1965--nfl.html
I'm not surprised.
^ Foolish (re. Vince Young).
Doesn't the league pay out a pretty good pension (ie. an allowance to some of these overpaid idiots)? I wonder what the fine print is on it.
I would think former NBA players and former NFL players get a pension check but who knows. I bet if these idiots do get a pension check, they probably still spend their money foolishly hahahahahahahahahaha. You know for them to keep a woman happy, they gotta spend a lot of money on her which also keeps them broke LOL.
---- Vin Baker is auctioning off his gold medal from the 2000 Summer Olympics
In 1993, when he was drafted by the Milwaukee Bucks in the years before rookie-scale contracts, Vin Baker signed a 10-year agreement with the team. That deal included an opt-out after the sixth season, by which time Baker had made nearly $17.3 million. He then signed a seven-year, $86.7 million contract with the Seattle SuperSonics, though he chose to negotiate an opt-out settlement after five years in order to make himself a free agent, strangely negating the final two years of the deal. The smaller contracts Baker played on over his final few seasons put his official career earnings at nearly $100 million.
Half of that career was spent disappointing his teams and various fan bases, as Baker struggled with weight issues and an admitted alcohol problem. Though he made four consecutive All-Star teams from 1995-98, Baker’s confidence tailed off in the 1997-98 season (especially at the free-throw line), and his weight ballooned extensively in the lockout months following that campaign.
Baker was still held in high enough regard in 2000 to be awarded a spot on Team USA’s men’s basketball entry at that year’s Summer Olympics. Though the team isn’t as fondly remembered as other recent Olympic outfits, it still earned a gold medal in the tournament.
According to Grey Flannel auctions, via Sports Illustrated, Baker has decided he doesn’t need his medal any more, and he’s deciding to put it up for auction. From the Gray Flannel description:
The gold-plated silver medal weighs 6.85 oz, is 5mm thick and measures 68mm across. It is attached to a 39” turquoise-blue ribbon embroidered with “SYDNEY 2000” in silver. The medal features a design by Australian designer Wojciech Pietranik; it depicts Nike, the Greek goddess of victory, seated above the stadium and chariot along with “XXVII OLYMPIAD SYDNEY 2000”. This translates to “Games of the 27th Olympiad Sydney 2000”. The artist’s initials “WP” appear at the bottom of the design in relief. The verso of the medal features the Olympic rings along with an image of the Sydney Opera House and an Olympic torch. “BASKETBALL” and “MEN” have been engraved along the perimeter. The medal is in MINT condition and comes in a white leather case.
The minimum bid starts at $35,000, and the auction runs until Aug. 20.
Whether Baker is selling the medal because of financial constraints is anyone’s guess, but we can at least try to make an educated one. Baker still has lawsuits pending against his former business advisers, seeking eight figures’ worth of reimbursement from one Daniel Brodeur. From the Hartford Courant in 2012:
According to the lawsuit filed earlier this month in Superior Court in Middletown, Baker says Brodeur and the accounting firm "advanced their own interests to the detriment of mine, and breached their fiduciary responsibilities, obligations, and duties imposed on them by engaging in … dishonest, disloyal and immoral conduct."
According to Baker's application for prejudgment remedy, Baker says that "virtually all of my earnings were spent and/or my investments lost all or nearly all of their value, such that my home in Durham was foreclosed and I was forced to liquidate substantial assets for little or no value, leaving me without resources to meet my financial obligations and living expenses."
Brodeur on Thursday called Baker's allegations "unfounded." Brodeur said he worked closely with Baker's parents throughout the years and that his firm was "just one aspect" of Baker's financial team.
"He had other business advisers," Brodeur said.
Vin Baker, in a more recent New York Daily News interview, professed his career earnings were actually around $105 million, which gives us further insight into the uncounted amount he received in his 2004 buyout. In that same interview, Brodeur is quoted as saying that Baker lost “in the neighborhood of $16 to $17 million” in his settlement with the Boston Celtics, a pretty steep price to pay for wanting to work for another team.
That decision may have been clouded by drinking. As of the Daily News interview from 2013, Baker claims to have been sober for two years, and it features him doing volunteer work at his local church, while studying to get a master’s degree in divinity at a theological school in Manhattan.
It’s unclear as to how much Baker’s medal will fetch. It certainly is a rare artifact, but a memento from a somewhat-disgraced player working on a rather unloved Dream Team entry (Saturday Night Live even produced a parody ad to mock the team’s endless mean-mugging) isn’t exactly the hottest buy around.
Which is a shame. We hope things turn up for Baker, starting with this auction.
That's sad about Vin Baker. I liked him when he was with Milwaukee when Glenn Robinson and Ray Allen were there.
http://www.si.com/nhl/2014/11/20/jac...y-for-athletes
NHL player broke after parents borrowed millions in his name
Columbus Blue Jackets star Jack Johnson filed bankruptcy last month after his parents took $15 million in his name from his accounts.
always watch out for shady relatives when you sign that contract
I agree with Holocaust LOL. You also gotta stay away from your friends too because they be after your money. Antoine Walker who's a former NBA player who's broke talked about how much money he wasted on his friends.
Most of these professional athletes get a pension, ie. an allowance, so essentially they mismanaged their salary money. Still collecting money though. Hard to feel sorry for them. When they claim bankruptcy, they should have their pension money taken. Then they would be "broke".
I figured former players get a pension/retirement check. Thanks for saying that because I asked about that before.
I just read about former NBA player David Harrison who played for Indiana and he's working at McDonald's now LOL. He said he blew a lot of money which doesn't surprise me. He said he played overseas in China for 3 years after he left the NBA. He got a couple of kids and he said he lives with his girlfriend. I wonder if she's black because if she is, i'm surprised she's with him. Ya'll know black women don't like broke black men LOL. It amazes me how so many former black athletes waste their money and end up poor and struggling. That's why their dumb asses shouldn't be leaving college early and they need to take a education seriously. So just in case their NBA and NFL careers get cut short, they can have a college degree so they'll be able to get a good job.
I was gonna post about that. lol Here is the article for those who haven't seen it.
http://sports.yahoo.com/news/from-mc...055853807.html
Yeah he said he works the 3rd shift on purpose at McDonalds because he said when he worked during the day there that the customers would talk to him for a long time before they ordered their food because they recognized him playing for Indiana hahahahahahahahahahaha. That's a damn shame he works at McDonalds and I know he doesn't wanna be there. That's what he gets for wasting his money and not saving it. He also should've gotten his college degree so he could get a good job. But then again you don't really need a college degree to get a good job. I had a decent job last year when I was making $12.30 a hour and I only got a high school diploma. Plus I had a part time job. It just depends on how you spend and save your money and a lot of blacks are terrible at saving money. A lot of black men waste their money on going to strip clubs, cars, shoes, clothes, weed, alcohol, jewelry, tattoos, women hahahahahahahahahahaha. Then when they're broke, they be feeling stupid and wanna complain about it. Complaining about being broke isn't gonna put money in your pocket LOL. You gotta make sure when you got a job that you gotta do your job and be able to keep it and save your money.
Only thing I wasted money on is prostitutes and I stopped doing that. That ain't nothing to be ashamed about because men love getting intimacy from women and men that can't get girlfriends are gonna deal with prostitutes or go to strip clubs. I've never been to a strip club because I don't waste money on that. If I was to go to a strip club, a stripper is gonna have to be intimate with me to get money LOL.
^College degree or not, Harrison said it himself that he's a distraction due to his size.
Buchanon says his crazy mother told him he owed her $1 million for raising him. lol
--- Phillip Buchanon's story about money and his mom is sad but important
http://l3.yimg.com/bt/api/res/1.2/Ka...SI_4831434.jpg
There are plenty of stories of NFL players blowing their money, with the tales often involving family members having their hands out, but few are as stark, specific and revealing as the story Phillip Buchanon tells in his new book.
Fox Sports published an excerpt from Buchanon's book, "New Money: Staying Rich." In the excerpt, the former NFL cornerback talks about family members, particularly his mother, coming to him for money after he was drafted by the Oakland Raiders in 2002. Buchanon says his mother told him he owed her $1 million for raising him.
"Well, that was news to me," wrote Buchanon, who played 10 NFL seasons for five teams. "If my mother taught me anything, it's that this is the most desperate demand that a parent can make on a child. The covenant of having a child is simply that you give your child everything possible, and they owe you nothing beyond a normal amount of love and respect. There is no financial arrangement."
Buchanon wrote that he bought his mother a house instead, and told her to sell his childhood house. But he says she kept both houses, renting one to an aunt, and he ended up making the payments on both. He wrote that it was a mistake to buy such a big house for his mother, and proposed a solution.
"I offered to buy her a comfortable house in my name for her to live in. This way she wouldn't have to take out any loans or put my little sister and brothers in a situation where the roof over their heads could be taken away. She'd move out of the house that was too big for her and into this new one. Instead, she opted for $15,000 cash.
"I told her that if I gave her the $15,000, not to come calling when she got into trouble. Needless to say, she ended up calling. And, what's worse, she lost the house."
Buchanon told Fox Sports that he wants future generations of athletes to avoid the mistakes he made. In his book description from his website, he warned that "'fun friends' and family will view you as an endless ATM." He also wrote about family members asking for money to get something fixed, but the things would never get fixed after Buchanon wrote them a check. When Buchanon later offered to pay for the repairs directly to the company doing the work, all of a sudden family members weren't so interested anymore.
The stories of athletes spending their money have been told before, and ESPN Films did a good job compiling many in the documentary "Broke." And, of course, not all NFL players spend all the money they made in football. But the ones who do, after being given millions of dollars at a very young age, have regrets. Buchanon hopes others avoid the mistakes he made, even if he had to share some uncomfortable stories about his family to get his point across.