Discussion on famous broke sports players

[CharlesJones]

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.

[check two]

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

[CharlesJones]

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.

[IrOnMaN]

^College degree or not, Harrison said it himself that he's a distraction due to his size.

[check two]

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




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.

[CharlesJones]

LOL@his mom blowing the $15,000 he gave her and she lost the house he bought her hahahahahahahahahahaha. I'm not surprised because blacks are the worst at saving money and not paying their bills on time.

[IronSheik]

Someone in Allen Iverson’s inner circle was a true friend to the man.

Peter Vecsey laid out in detail in the New York Post — someone in Iverson’s inner circle was a true friend. Someone recognized if just given the money he would burn through it, so…

A person with a firm grip on the situation informs me Iverson has an account worth $32 million, a principal he is prohibited from touching until 55. In the meantime, it feeds him $1 million annually.
At 45, Iverson is eligible to start drawing on an NBA pension that maxes out at 10 years of active duty, or take whatever’s there as lump sum. He will be entitled roughly to $8,000 per month ($800 per x 10).
If at all possible, Iverson will issue a restraining order against himself until he’s 62 or so. At that time, I’m told, his lump sum will be between $1.5 million and $1.8 million, or he can elect to take monthly checks of approximately $14,000 per.

The $32 million is known as the “Reebok fund” among Iverson’s friends, because the money came from shoe deals.
Now, living with in those means may be a challenge for Iverson. But someone had the foresight to protect the man from himself, and that is going to save him. That is what a true friend does.

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



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.

Don'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.

[CharlesJones]

LOL@Allen Iverson lost 2 houses to foreclosure hahahahahahahahahahaha. I saw a documentary about him earlier this week on Youtube. He was trying to come back to the NBA a few years ago because he's broke LOL. I'm glad to hear he has some money stashed away and he's not able to spend a lot of it until he's 55. That's nice of his friend to help him out with saving his money.

[IronSheik]

It looks like former boxer Riddick Bowe may have some financial troubles.


The former two-time heavyweight champion took to Twitter on Tuesday in an effort to scrape up some extra money, telling people he "will tweet anything to anyone" for $20.

Estimated Career Earnings: $50 million
With only one loss on his professional record, Bowe holds the distinction of being the only boxer to defeat Evander Holyfield twice. After becoming the undisputed heavyweight champion of the world at the age of 24, Bowe brought in millions through fight purses and endorsements from companies such as FILA. So, how did the former champ go from making millions to trying to sell his own autographed memorabilia at a flea market in New Jersey? Bowe admits to splurging on lavish homes, luxury cars and helping out friends and family but also says his money was mismanaged by advisers. Kind of ironic considering his boxing nickname was Sugar Man.

The 47-year-old does have a big audience, around 450,000 followers.


It looks like we have our first customer, tweeting that a random kid is better than him at boxing.

I tell you all now @JakeLeeYes is twice the fighter I ever was. Thats whats up. Bowe

[CharlesJones]

That's sad. He used to live not too far from me in a neighborhood in Maryland called Tantallon which is in Fort Washington. I used to go to high school with his niece and nephew. I wanted his niece because she was cute. I don't have no sympathy for these former athletes when I hear about their money problems because blacks are the worst at saving money and spending money wisely. A lot of them use the excuse that they were poor growing up and when they became successful, they wanted to buy a lot of nice things. There's nothing wrong with wanting to have nice things that you didn't have when you were poor but you can have nice things that aren't expensive.

[check two]

Bowe isn't that intelligent.

[IronSheik]

Court filings unearthed this week reveal that banks, the IRS, and a casino are lining up to collect from former star NFL running back Clinton Portis. Even worse, it looks like the bank is trying to foreclose on the house Portis bought for his mother in 2004.





Just last week, the bank holding the note to a home in Alachua County, Fla.—where Portis starred at Gainesville High School—continued its year-long quest to repossess the property whose deed is held by Portis and his mother, Rhonnel Hearn. That prompted a search into Portis’s other legal troubles, which include:

• The IRS claiming he owes nearly $500,000 in back taxes.
• MGM Grand Casino in Las Vegas winning default judgment in the amount of $287,178.56.
• A dealer seeking $157,290 in payments on an Audi S5.
• Foreclosure proceedings on a $512,000 mortgage for a Miami condo.
• Settlement to avoid possible foreclosure on a property in Coffee County, Ala.
• A $20,000 lawsuit from a condo association over assessment money.

Portis avoided foreclosure on the Miami property last year by selling it and thus getting the lawsuit dismissed, but he’s still facing trouble with the bright purple house north of Gainesville, which we believe is the one he purchased for his mother. (Purple and white are GHS’s colors; Portis says the color reminds her of “royalty.”) Court documents reveal Portis has yet to answer to the bank’s complaint—records show a private investigator failed at all attempts to serve Portis with the foreclosure notice, though when contacted by the P.I. the former University of Miami star said he “had a lawyer,” but refused to give the attorney’s name.


Meanwhile, the Clark County court in Nevada just last month declared default judgment in total of $287,178.56 to MGM Grand in a case we believe deals with Portis’s unpaid gambling debts. Court records show no attorney of record for Portis, and the default judgment implies he never responded to the lawsuit. Previously, Portis had been an investor in a failed casino that lost as much as $43.6 million. The lawsuit over the Audi S5 was dismissed without prejudice; we don’t know its final outcome, but a settlement is likely.

[CharlesJones]

Clinton Portis dumb ass is gonna end up in prison because all of the money he owes to people hahahahahahahahahahahahaha. I know he has no money to pay these people. He better watch himself because it's possible he could get killed because people don't play when it comes to money you owe them.

[IronSheik]

The story of Vin Baker can be seen as a sad one: A former big man for the Milwaukee Bucks, Seattle SuperSonics and other teams -- he of four straight All-Star appearances and one 20-and-10 season -- fell into alcoholism and ended up losing nearly $100 million.

But that story is far from over, and it's taken a significant and positive turn.

As profiled by the Providence Journal, the 43-year-old Connecticut native is now living in North Kingstown, Rhode Island, and training to be a manager at the Starbucks for which he works.

"In this company, there are opportunities for everyone," the 6-foot-11 Baker told the paper. "I have an excellent situation here at Starbucks, and the people are wonderful."

As for the people who view his story as tragic, Baker was quick to downplay that notion. He isn't running away from it, either; he wants people to learn from his mistakes.

"When you learn lessons in life, no matter what level you're at financially, the important part to realize is it could happen," he told the Journal. "I was an alcoholic. I lost a fortune. I had a great talent and lost it. For the people on the outside looking in, they're like, 'Wow.'

"For me, I'm 43, and I have four kids. I have to pick up the pieces. I'm a father. I'm a minister in my father's church. I have to take the story and show that you can bounce back. If I use my notoriety in the right way, most people will appreciate that this guy is just trying to bounce back in his life."

[CharlesJones]

I'm glad to hear Vin Baker is doing alright financially and he turned his life around. He was a good NBA player for Milwaukee and Seattle. He lives in Rhode Island? LOL. I know there aren't a lot of blacks there.