All that money and he couldn’t even pay off a house - teenage knucklehead. Before anyone jumps to conclusions, he’s white.
If a person started working at the age of 21, and retired at 65, they’d have to earn $250,000 a year to equal what this kid made in his short NBA career.
The fact that he’s now stone cold broke, and couldn’t even manage to pay off his house, says a lot about ‘a fool and his money...’.
Hey, at least he did it with his own money. Our government is even more reckless with ours.
Wiki says his father was half Japanese.
And he’s 7 foot 1 inch tall.
The other 75% of his gene pool must have been awesome for height.
I worked with a lot of Japanese nationals at one point, and figured at 5-7, I’d be a “power forward” in Japan, LOL.
For some strange reason, I always thought that the sheriff showed up and the door with the Foreclosure Notice and said, "Son, you are OUT of here!"
My brother coached him for a few years in high school. He was a good kid when I knew him. I don’t think you can ever be prepared for that kind of money and success when you are 19 years old. You need a really strong family behind you looking out for you. Really sad
Even if he actually owed 1 million on the home (unlikely since he probably put down more than $0) his payment would only be $4,774 or so a month.
How could he have blown so much of what he earned to not be able to afford that tiny amount?
Even if he earned ZERO interest, and managed to save only 3 Million of the 11 million.. he could of made that payment + taxes for over 50 YEARS!
There is something missing from this story, it must involve drugs or something
I have no sympathy for him. He had a gift and squandered it. Don’t blame his parents, although they had a roll. I had parents who were not the interested in what I was doing either. While I didn’t have this man’s talent, I wasn’t dumb enough to not learn the value of a dollar.
Too bad for him and he is still too stupid to know that the bank is going to move him out of the residence he can’t make payments on because of the decisions he made, like all those tats instead of investing in revenue generating instruments.
He can always hang and finish drywall. I watched a show about broke athletes and one of them was a former NBA player who was broke. He made a living doing drywall and because of his height he was very good at it.
Not too swift.
I wonder if the ones who spent a year in college "punching their ticket" have shown a greater acumen for fiscal restraint than those who went straight from high school to the NBA. Notice that baseball players, most of whom spend a couple of years riding a bus and living on a much smaller salary in the minors, don't have nearly as many spectacular financial flame outs.
Well I’m sure the government (state and federal) got their share.
It does not have to be this way. An engineering colleague had a short NFL career after college, short due to injuries. The difference was he got a real degree, worked as a co-op in a refinery, so he had some real job skills to fall back on. He also did not make the mistake of “living large” like a lot of pro rookies do. So at the end of his NFL career, it was back to the refineries. And he has done quite well.