Discussion on famous broke sports players

hahahhahahhaha how do these idiots continue to squander millions of dollars? They really need to teach these losers how to better handle money before they get to the pros. smh


http://l.yimg.com/a/p/sp/editorial_i...eady_broke.jpg


Three-time Pro Bowl cornerback Chris McAlister has only been out of the game for a year, and already, he's telling the court system that he's broke.

McAlister is locked up in a child support battle with his ex-wife Marlene, and is trying to get his child support payments lowered. He currently owes her $11,000 per month. In documents filed to the court, claims he can't pay her because he doesn't have any money. From TMZ:

In the docs, Chris -- a 1st round NFL draft pick in 1999 who played in the league for 10 years -- states, "I have been unemployed since 2009. I have no income."

He adds, "I live in my parent's home. My parents provide me with my basic living expenses as I do not have the funds to do so."

This is a guy who's only been out of the game for one year. Who's giving him financial advice, Ric Flair? McAlister's not even officially retired. He spent 10 years with the Ravens, and was once considered one of the best corners in the game. He was with the Saints, in 2009, but didn't see a lot of playing time before being released.

In 2004, he signed a seven-year, $55 million contract. Now, some of that was money that he never saw, and he was released after five years of the contract, so it wouldn't be accurate to say he completely squandered $55 million.

But he did squander plenty. The signing bonus was reportedly $10 million, and it also included a $7.5 million roster bonus for 2005. The year before he signed the contract, he made almost $6 million. The last two years of the $55 million contract, which McAlister didn't see, were worth $8 million each.

As the Baltimore Sun points out, it wouldn't be surprising if McAlister was "broke as a joke" given his hardcore partying habits.

If the name Marlene McAlister sounds familiar, it's because her and Chris' marital issues found their way to TMZ once before. In April of last year, Marlene claimed that Chris kicked her out of his home when she refused to have an abortion.

Roger Goodell can probably go ahead and cross McAlister's name off of his list of guys to invite to speak at the rookie symposium.

fuck man wut a sad story 50 mill and he spent it all, he used to be one of my favourite corners wen he played, but c;mon man

Maybe they need to have a course early on for some of these players on better ways to handle their money, especially ones that come from the projects.


-Allen Iverson has reportedly gone from 11-time NBA all-star to financial deadbeat.


http://www.thepostgame.com/blog/dish...financial-woes

I like Iverson but I think that shit is hilarious. If some athlete, actor, whatever is making millions a year then its their own fault if they waste that money. Like I heard Nicholas Cage had to sell his bigass mansion and shit. Fuck em.

We have people who can barely afford to feed their family or pay their hospital bills and I'm supposed to feel sorry for some asshole who blew all his money on a yacht and a mansion? If you achieve that level of wealth and you can't handle it then you don't deserve it. I respect rich people who manage their money well and give to charity, I laugh my ass off at the pathetic ones who waste it all.

haha I had to go back and add this song because it rings true
Devin the Dude speaks that truth

rumor has it he's been doing hardcore drugs too

Fuck that nigga. He can't hold onto his money, that's his problem.

Iverson a fucking idiot....this really isn't surprising.

Was it surprising when Tyson went bankrupt?


Will a guy like JayZ every go bankrupt? Probably not, cuz he's intelligent.


That whole "practice" thing was Iverson in a nutshell. He just doesnt get it. He's not a big picture type of guy.


There are people like this from all tax brackets and walks of life.


Most athletes seem to manage their money well.

LOL@NickyTooch dissing Iverson hahahahahahahahahaha. Iverson is a idiot. I see he's been trying to come back to the NBA and now he's playing in Mexico i think LOL. I'm not surprised he's broke. He's a ghetto nigga and ghetto niggas don't know how to manage their money wisely.

you know what you are june?

You're an enabler.

Iverson offered $20,000 per game, plus goal bonuses, to play soccer


http://sports.yahoo.com/blogs/nba-ba...222447595.html

Quote:

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Originally Posted by DickyTouch

you know what you are june?

You're an enabler.

---

I believe the proper terminology would be, compassionate and merciful.
The hand that gives is greater than the hand that receives.

your a fucking enabler.


Giving your child 10 bucks when you know he's going to spend it on crack...

Can Iverson even play soccer? What the fuck is happening in this world?

LOL
http://th08.deviantart.net/fs48/PRE/...rozendemon.jpg

Quote:

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Originally Posted by DickyTouch

Iverson a fucking idiot....this really isn't surprising.
That whole "practice" thing was Iverson in a nutshell. He just doesnt get it. He's not a big picture type of guy.

---

Allen Iverson had a very valid point about that whole "practice thing"
His point was:"Why are we having a press conference, why are we spending so much Time discussing 'practice?'"
"NOT A GAME, BUT PRACTICE."
Part of that issue was Iverson vs. Larry Brown, the latter being a man who was widely considered to be disagreeable by many of his players, and who had no problems snaking 1 team to go coach another. His character should come into question as frequently as Iverson's.
It's common in all sports for veterans to have amended practice routines. Iverson was 1 of the best players in his era, by far the best player on the Sixers; and him going all out in every game is as big a part of his legacy as any statistics, awards, wins, or records. But certain people tried to use "practice" to diminish all of that.
The sports media likes to use the phrase: "He just doesn't get it," when an athlete doesn't kiss their collective ass.

Quote:

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Originally Posted by DickyTouch

your a fucking enabler.
Giving your child 10 bucks when you know he's going to spend it on crack...

---

Spoken like someone that doesn't have 1 loyal bone in their body, and has zero to offer anyone, monetary or otherwise.

major sports leagues should teach financial management to all incoming rookies, and maybe even to vets to avoid situations like this. you can talk all the shit you want about how they go broke, but you never had millions of dollars in your hand, so you can't say you would not do the same, because talking about how you would manage your money you don't have is easier than actually managing the money when you do have it

Damn, I thought this was about Dennis Rodman.

240 pairs of sneakers? What a fat idiot


--Warren Sapp files for bankruptcy

http://sports.yahoo.com/blogs/nfl-sh...180825203.html

--Allen Iverson Atlanta Mansion to Hit Foreclosure Auction


Former NBA star Allen Iverson's about to lose his massive Atlanta mansion -- because the bank is gearing up to sell the house at auction next week, TMZ has learned.

Iverson purchased the home back in 2010 for $4.5 million -- but according to official records, he defaulted on his mortgage and the bank foreclosed. Now, the home is set to be sold at auction on December 4th ... along with all the crap inside.

Iverson's currently going through a nasty divorce with his estranged wife, and he's famously been dealing with money problems ... including a nearly-million-dollar debt to a Georgia jeweler.

A.I. still has a chance to save it if he comes up with the cash before auction time ... but the clock's ticking ... fast.

Calls to Iverson's camp weren't returned.


http://www.tmz.com/2012/12/01/allen-...osure-auction/

LOL@Iverson losing his home hahahahahahahahahahahahahahaha. That's what his dumb ass gets for not paying his mortgage. What is he doing with his money? How could he be a millionaire and lose his home?

Paying tons and tons of money to his ex probably doesn't help. No bimbo should be getting 5 or 6 figures a month for child support, cause you know she's spending a lot of that money on new shoes, designer bags, and salon appts. Dudes with a lot of money should never get married or get involved seriously with somebody.

You're right but there's some good women even though that may be hard to believe. I've met so many asshole women but i can't stereotype all black women saying that they're golddiggers and stuck up because that's not true. I know you're gonna laugh at what i'm saying since i'm always dissing black women. I've had a few good black women before but i've been having bad experiences with black women in Maryland, Virginia, Washington DC. I had some good black women in Cleveland and i'm gonna have to go back there to look for a woman. I do think that the justice system needs to be changed when it comes to women getting a lot of money from their ex-boyfriends or ex-husbands for child support and alimony. Most women definitely can't be trusted when it comes to them getting with guys that got a lot of money and most guys that are entertainers and athletes aren't gonna stop messing with cute women because they're addicted to sex hahahahahahahahahaha.



Men need to understand that there's more than sex involved when you're in a relationship with women. So many men don't have a clue what love is. They think sex is love and it's not. Love is when you can be with a person for 36 years through the good and bad times like my parents. My mom has breast cancer and my dad is taking care of her even though she hasn't stopped working. Now that's real love because he could've left her. Male entertainers and athletes need to find women that aren't only interested in their money and there's some women out there that aren't golddiggers. Male entertainers and athletes get upset when they have to pay their ex-girlfriends or ex-wives a lot of money for child support or alimony but these guys knew what these women were about when they started dating. You can figure out what a woman is about when you've been dating for several weeks or a month.

Quote:

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Originally Posted by CharlesJones

Men need to understand that there's more than sex involved when you're in a relationship with women. So many men don't have a clue what love is. They think sex is love and it's not.

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http://4.bp.blogspot.com/-alSwXFwOgy...19CQAEO2sE.jpg

What are you talking about? Black men entertainers and athletes will continue to get taken advantage of by black women as long as they're only thinking about sex when they meet black women. So they need to stop complaining about black women taking a lot of their money when they can't figure out after several weeks of dating that the black women they're meeting are golddiggers.

-Kearse house in foreclosure


Former Tennessee Titans and Philadelphia Eagles defensive end Jevon Kearse is facing foreclosure on his Pompano Beach, Fla., home according to the South Florida Business Journal.

Kearse bought the house for just over $6 million in 2004, the year he left the Titans to sign a $65 million package with the Eagles. He later took out a mortgage on the home for just over $5 million.

Kearse was the NFL Defensive Rookie of the Year in leading the Titans to the Super Bowl in 1999, and he later appeared in a Super Bowl in his first year with the Eagles.

The Eagles released him after the 2007 season, and he returned to Tennessee to play two more seasons with the Titans.

Why do you find it funny when people go broke?

I don't feel that sorry for people who brag or flaunt about having riches and then somehow lose it all.

But not all of them do that

AI needs to take any job he can get at this point

http://www.blogcdn.com/realestate.ao...1360253870.jpg

Former NBA star Allen Iverson isn't having a good week. First, a judge skewered him Tuesday for bad parenting skills, and now he's lost his giant Atlanta mansion to foreclosure. Iverson's nearly 10,000-square-foot home on Atlanta's exclusive West Paces Ferry Road had been on the market for $2.5 million, but it was sold at auction Tuesday back to Georgia Primary Bank, the Atlanta Journal-Constitution reported. Iverson built the home for $4.5 million in 2009 and lived there with his wife and five kids, but he and his wife recently divorced. A current listing on the house shows the asking price at $2.8 million.

http://www.blogcdn.com/realestate.ao...en-iverson.jpgDon't think this is the first time Iverson has lost a home to foreclosure. Back in 2011, when he was shooting for the Denver Nuggets, Iverson also lost his posh $3.875 million Cherry Hills, Colo., mansion to foreclosure after defaulting on the mortgage, according to the Denver Post. Luckily, a buyer had entered into contract to buy the home before Iverson defaulted, the Post said.

Iverson's Atlanta home is quite the luxury estate, one you wouldn't expect to see on the auction block. The listing calls it "one of, if not the finest, private gated estates ever to become available in Atlanta." Iverson had sunk $4.5 million into building it with a custom bar, gourmet kitchen, master suite with "spa-like" bath and luxury accents such as copper gutters.

You would think after defaulting on his last two mortgages that this idiot would stop buying mansions.

-Robert Swift is refusing to abandon his bullet-ridden, beer can-strewn foreclosed house


http://l.yimg.com/bt/api/res/1.2/fEf...ts/RS22213.jpg


http://sports.yahoo.com/blogs/nba-ba...7711--nba.html

I agree with Check Two. I think it's funny also when athletes and entertainers lose their homes because these fools don't know how to manage money. You rarely hear about white entertainers and athletes losing their homes. I read about that clown Robert Swift at Yahoo.com today refusing to leave his home. His dumb ass is gonna get forced outta his house by the police and i know he probably doesn't care about the police coming to his house. LOL@Allen Iverson hahahahahahahahahaha. He's a ghetto nigga just like the majority of black NBA players and black NFL players who spend their money foolishly. I don't have no sympathy for them because there's no way you should hear about entertainers going broke.

In a way, I sort of feel a little sorry for A.I.

What's going on in his head?

Why do you feel sorry for Iverson? He's a dumb ass nigga who doesn't know how to save his money and pay his bills. I don't feel sorry for him.

Quote:

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Originally Posted by CharlesJones

Why do you feel sorry for Iverson? He's a dumb ass nigga who doesn't know how to save his money and pay his bills. I don't feel sorry for him.

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If Iverson's a nigga, what're you?

So just because i'm black and Iverson is black, i'm supposed to feel sorry for him? Hahahahahahahahahahahahahahaha.

-Ex-NBA All-Star Chris Gatling accused of squatting in, trying to rent out Ariz. home



http://l3.yimg.com/bt/api/res/1.2/1S...tty-Images.jpg



One-time NBA All-Star Chris Gatling faces criminal charges after Arizona police say he illegally occupied a Paradise Valley, Ariz., home for more than a year, and then tried to rent the place on Craigslist, according to the Arizona Republic:

Chris Gatling is accused of breaking into a key box and living in the home from July 2010 to August 2011. A police report says the homeowners lived in California but had left the power on.

The TV station reports that he later listed the four-bedroom house for rent for $800 and called it an “Ex-NBA” home online.

Court records say that Gatling got a down payment from one potential renter but that another got suspicious and contacted police.

Gatling’s attorney, Michael Alarid, said the case is a “misunderstanding.”

It very well could be. Everyone's innocent until proven guilty in this country, and besides, misunderstood stuff goes up on Craigslist all the time.

Gatling has also been accused of forging personal checks from his ex-girlfriend and "funneling the money through College Bound All-Stars, a traveling youth basketball league that Gatling managed and operated," according to Phoenix CBS affiliate KPHO-TV.

The Golden State Warriors selected Gatling, a 6-foot-10 forward/center, out of Old Dominion University with the 16th pick in the 1991 NBA draft, and he provided some low-post scoring and rebounding for a go-go 55-27 Don Nelson squad led by the brilliant guard play of Chris Mullin, Tim Hardaway and Sarunas Marciulionis. He performed ably as a reserve big man in Oakland for four years before being shipped off to the Miami Heat, a trade kickstarting a league-wide ramble that would see Gatling traded nine times and play for eight different NBA teams (he had two separate stints with Miami) over the course of an 11-year career that ended following the 2001-02 season.

He peaked as a member of the 1996-97 Dallas Mavericks, leading the team in scoring with 19.1 points per game off the bench and earning an All-Star berth despite only making one start (after his selection, in the team's final game before the All-Star break). Shortly after that honor, the Mavs promptly sent him east to the New Jersey Nets as part of a nine-player deal that sent Gatling, Sam Cassell, Jim Jackson, George McCloud and Eric Montross to the New Jersey Nets in exchange for Shawn Bradley, Ed O'Bannon, Robert Pack and Khalid Reeves. (Ah, '90s blockbusters!)

How did the Elizabeth, N.J., native respond to being traded to his home-state squad?

“I hope [the Nets] have the right kind of headbands,” he said, according to John Brennan of the Bergen Record. (Gatling liked headbands. Headbands were sort of his thing.)

Gatling isn't the only former NBA big man to find himself in some legal trouble related to home-occupancy issues. Last month, former Seattle SuperSonics/Oklahoma City Thunder center Robert Swift was forced to leave his Seattle home, which he'd occupied (somewhat grossly and troublingly) despite it having gone into foreclosure.


http://sports.yahoo.com/blogs/nba-ba...185231647.html

LOL@Chris Gatling hahahahahahahahahaha. I saw footage on Youtube of former NBA player Antoine Walker doing a interview with Stephen A Smith and a white guy talking about how he lost all his money. He said people think he lost his money to gambling and he said that's not it. He said he lost money to bad real estate investments. But he also said he would spend money on his friends like paying for their meals at a restaurant, buying them clothes and buying their airplane tickets. What a idiot. He probably bought them drinks when he took them to the club too and he probably bought them cars LOL.

http://content.clearchannel.com/cc-c...1329433584.jpg

Former NBA superstar Allen Iverson has three days to pay over $71,000 dollars in back child support. If he doesn’t, an arrest warrant will be placed and he will go to jail until the payment is made. Iverson informed his former wife that he had no intentions to pay the support despite recently receiving nearly $500,000 dollars.

LOL@picture of Iverson crying hahahahahahahahahahahahaha. I have no sympathy for him if he goes to jail because he has nobody to blame but himself. He should be taking care of business. It's obvious that he's terrible with money like most black NBA players.