Over half of NBA players go broke after retiring

[Niquesports]

wow, why dont you bother to read the source in the op? its the players association and the league putting up this #. why are you so defensive? got a bling habit yourself?

SO guess this was reported on ESPN ? and where can I find an article on this ? Yes I do I love BLING too bad Dirk and Steve Nash which they had bling like KOBE ,Wade,Shaq and Duncan do NO RING NASH

[Valliant13]

SO guess this was reported on ESPN ? and where can I find an article on this ? Yes I do I love BLING too bad Dirk and Steve Nash which they had bling like KOBE ,Wade,Shaq and Duncan do NO RING NASH

What? Did I spontaneously become illiterate, or, was that just a random collection of loosely related words?

[Phesto]

Ok NBA players are Stupid ???????????

You spend your day on your computer talking about them and they can care less about you you seem like the type that got posters jerseys hats and tee-shirts for your favorite player and he doens't even no you exist. Then you are supporting something with no proof just made up. You say "IF I EVEN MADE THE NBA MINIMUM" ? how are you doing with the money your making at Toco Bell's ?????????????

Spree, is that you?

[twolvesfan]

IF this is the case why are more poor white on welfare that blacks. Try and go thruogh some trailer parks and see if your logic fits.

thats because there are A LOT more white people then blacks. id bet that a bigger % of blacks are on welfare.

[twolvesfan]

Before I spen any more time and give another fool my time who are they ? that is saying this. How are Rock stars doing ? Has anyone seen Britney Spears and how is she doing with her money?

britney spears still has a lot of money shes worth 120 million.
http://www.telegraph.co.uk/news/main...britney302.xml

[twolvesfan]

Ok NBA players are Stupid ???????????

You spend your day on your computer talking about them and they can care less about you you seem like the type that got posters jerseys hats and tee-shirts for your favorite player and he doens't even no you exist. Then you are supporting something with no proof just made up. You say "IF I EVEN MADE THE NBA MINIMUM" ? how are you doing with the money your making at Toco Bell's ?????????????

it doesnt matter what place someone works at, the issue here is that nba players are living too far from their means and going broke. if your very good at managing money you could easily live a life working at taco bell.

[twolvesfan]

SO guess this was reported on ESPN ? and where can I find an article on this ? Yes I do I love BLING too bad Dirk and Steve Nash which they had bling like KOBE ,Wade,Shaq and Duncan do NO RING NASH

jesus christ man, learn some basic sentence structure.

[boozehound]

http://www.thestar.com/article/299119



Stupidity and arrogance with that much money. Bad combo. 14 cars? ****ing idiots.

How's it going, Spree? Fam still eating diamond sandwiches?

SO guess this was reported on ESPN ? and where can I find an article on this ? Yes I do I love BLING too bad Dirk and Steve Nash which they had bling like KOBE ,Wade,Shaq and Duncan do NO RING NASH

is this the article you are talking about? its the first freaking post in the thread.

and for the shaq expenses, well you could go to the free press and type in shaq expenses, but you dont seem the type so here you go, the entire document from his divorce proceedings

perhaps they have a grammar class here

[elz]

Uh because we're talking about the NBA. And a good percentage of the players come from the inner city.

It's pretty obvious your using the NBA to spew your feelings on black inner city youth.


They said 60percent of they players lose their money.
They didn't dice that 60 percent into groups.
The stereotypical nature of your explanations and the assumptions of how poor people spend their money is proof of your true intent. So stop fronting
and No I don't know if your racist this is a race card its a spade being called a spade. I just think you misguided and too caught up by what you see on TV and in the news cuz most of us ain't sht like this.


Just because you went to college doesn't make you good with money.
Just because you don't own 10 cars, diamonds, ain't got kids, live in a mansion don't mean you invested it either.
People outside the inner city, spend their money on stupid sht too.
So please don't use this as a forum to tell your views on what black people from the inner cities problem are.

I think inflation has more to do with it.
A mill ain't what it use to be. Those guys thought that 10, 20 and 30 mill would last a lifetime.

And please don't comment on illiteracy till you've gone to a public school and witnessed teachers that could careless and push kids with social disorders and learning disabilities through school because their athletic or likeable or scared or that particular student. Don't generalize, it's ignorant.


believe it or not I'm not insulting you

[boozehound]

It's pretty obvious your using the NBA to spew your feelings on black inner city youth.


They said 60percent of they players lose their money.
They didn't dice that 60 percent into groups.
The stereotypical nature of your explanations and the assumptions of how poor people spend their money is proof of your true intent. So stop fronting
and No I don't know if your racist this is a race card its a spade being called a spade. I just think you misguided and too caught up by what you see on TV and in the news cuz most of us ain't sht like this.


Just because you went to college doesn't make you good with money.
Just because you don't own 10 cars, diamonds, ain't got kids, live in a mansion don't mean you invested it either.
People outside the inner city, spend their money on stupid sht too.
So please don't use this as a forum to tell your views on what black people from the inner cities problem are.

I think inflation has more to do with it.
A mill ain't what it use to be. Those guys thought that 10, 20 and 30 mill would last a lifetime.

And please don't comment on illiteracy till you've gone to a public school and witnessed teachers that could careless and push kids with social disorders and learning disabilities through school because their athletic or likeable or scared or that particular student. Don't generalize, it's ignorant.


believe it or not I'm not insulting you

regardless of their skin pigmentation, new money tends to be the worst with money. and if you dont think that ostentatious displays of wealth (be it in the form of rims, bling, clothes, hoochies, crystal, whatever) are part of urban black culture in the US then you are fooling yourself. regardless of whether everyone buys into it, it is the image promoted (not just to black youth) by rap and pop stars as well as bball players. its all about creating a culture of consumption and developing false wants.

[boozehound]

I think inflation has more to do with it.
A mill ain't what it use to be. Those guys thought that 10, 20 and 30 mill would last a lifetime.

cmon now. it obviously would last a lifetime if invested

[Younggrease]

cmon now. it obviously would last a lifetime if invested

Money makes money. Put that into a very safe bond and your set for life.

[Make It Rain]

It's pretty obvious your using the NBA to spew your feelings on black inner city youth.


They said 60percent of they players lose their money.
They didn't dice that 60 percent into groups.
The stereotypical nature of your explanations and the assumptions of how poor people spend their money is proof of your true intent. So stop fronting
and No I don't know if your racist this is a race card its a spade being called a spade. I just think you misguided and too caught up by what you see on TV and in the news cuz most of us ain't sht like this.


Just because you went to college doesn't make you good with money.
Just because you don't own 10 cars, diamonds, ain't got kids, live in a mansion don't mean you invested it either.
People outside the inner city, spend their money on stupid sht too.
So please don't use this as a forum to tell your views on what black people from the inner cities problem are.

I think inflation has more to do with it.
A mill ain't what it use to be. Those guys thought that 10, 20 and 30 mill would last a lifetime.

And please don't comment on illiteracy till you've gone to a public school and witnessed teachers that could careless and push kids with social disorders and learning disabilities through school because their athletic or likeable or scared or that particular student. Don't generalize, it's ignorant.


believe it or not I'm not insulting you

Uh, did I say ALL are like that? I said most. And that's not a lie. Look at the statistics. I'm not gonna hide behind political correctness. I'm gonna flat out say it. I'm not racist. I don't have to watch the news. I see people pissing their life away daily. And what's it have to do with race anyway? I said inner city kids. I've seen plenty of kids make it out without sports. Maybe if you and everyone else would stop making excuses for them, they'd get their act together. Everyone I grew up around still thinks life is about money and drugs. And these are people in their mid-to-late-20s. And where did I say what I said applies to all people of the group? I said most. And that is, in fact, true. But now that you bring up race. Explain to me why African Americans are at the bottom of the literacy rate and test score statistics? Why is it that, IMMIGRANTS, that come to this country with absolutely nothing, fare better? Something's wrong with the culture in the inner cities. Nobody wants to address it because they think it's politically incorrect. Bill Cosby has been trying to fix up neighborhoods and telling them to shift gears and turn away from this new age of hip hop that promotes violence and drugs. And he gets crucified for it by the same black community he's trying to fix up. I didn't want to turn it into a race issue but you brought it up. I'm not racist, but I'm not gonna be politically correct just to make you feel better. I've got plenty of black friends. And none of them do drugs or go around calling girls b!tches and h oes. They also use proper grammar and avoid using the word ain't 50 times a sentence like you do.

[Make It Rain]

cmon now. it obviously would last a lifetime if invested

Yeah, elz is a moron. 1 mil can last forever if properly handled and invested.

[elz]

cmon now. it obviously would last a lifetime if invested

I work in an investment firm
so I view it like this

lets say its 30million
1st
understand that they're not getting once lump sum payment

then you add in taxes which is major cuz you now in a 40 percent tax bracket!
so you take 30 and make it 16.5 or so
its human nature to spurlge in some way
even a conservation is prolly gonna blow 2mill
your now working wit say 13 to 14
not factoring house car and here's the good part..... medical!!!!!!

it's really not that much money unless you get it all at once and can sit down and divide it up on how your going to invest it.
Your put that infront of any poor person no matter what background and their not going to immediately see the picture.