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23 November 2010

Comments

Trey

This is the fate of so many black athletes. it's really sad. I wish him the best.

ReggieH

When will the NBA (and other sports) invest in some basic financial education for players? I know...never, 'cause they really don't care about them, only about how much money they make for the owners and the league....

True Words

WOW, that is shameful...all of that money and now broke...I think this needs to be investigated because someone got rich and someone is poor

Black Pegasus

When you're a Poor Hood Ignoramus, you can just as easily be a Rich Hood Ignoramus.

The only difference is:Rich Dummys have more to lose than Poor Dummys.
In this case, money (or the lack thereof) is once again the great equalizer.

Congratulations You Big Poor Dummy! I never like you anyway! lol

FREELEO

You can take the boy out of the ghetto but too often you can't take the ghetto out of the boy. Very sad, whether you like a person or not. Black people (including Toni Braxton) have got to get it together. It is a business and you have to be diligent.

terrell

Some blacks encourage this to a point and let those clear people get away with it. Coming from nothing, instead of pushing them to complete their college education, getting a degree and then playing ball, it is encourage by their own families and friends to take the money and go before they are properly educated on how to manage it. Then we ask why are there so few head honchos who are black coaching and owning teams n the nfl or nba. We are white America's play things until they get tired of us. The phrase "we can always go back to school" applies when they end up dead broke! You hardly hear about this shit from white players, not saying it doesn't happen

mjolnir202

$100 Million dollars! Yikes!! I think I'd kill myself. It seems like there's a story like this weekly, with only the name of the broke athlete changed.

I don't think it's really the responsiblity of the NBA/NFL to teach these athletes how to manage their money. It would be nice if they did, but it's not going to happen. These are grown men, afterall. Do you want your boss telling you how to spend your paycheck?

Clearly, they're not to get good advice from their friends and family since these two groups always seem to be the major reason these guys are going broke in the first place. To top it off, half of these guys are so arrogant, obnoxious and ghetto themselves, even if a more senior player tried to school them, they wouldn't listen anyway. It makes it hard to feel sorry for them in the end.

gogoswang

While it may be the case that Iverson lost all of his money, I don't think this is typical for the majority of black athletes. We just hear about the ones that lose everything.

tee

this isnt true, dude. the "reporter" thzt originally ran this story didn't do any fact-checking, or they would have knkown that 1)Iverson's made over $200 million in salary and endorsements, 2)he's under a lifetime contract with Reebok that pays him $6 mil a year as long as he's playing, 3)he has businesses in philly and va that are pretty darn lucrative.

Ross

ya he def made over $100 million. in 08 with detroit he made $20.8 million from NBA alone. so your saying in the previous 12yrs (96-08) he only made $80 million???Whoever wrote this just wanted to start rumors and hurt AI's name. Just like he said, if it was about money he make way more in NBA coming off bench but he wants to play.

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