Antoine Walker: A Cautionary Tale

[supersaiyan415]

Originally Posted by High Class Scum Bag

Originally Posted by Informerx

Believe it or not, as of last season Eddy Curry was living paycheck to paycheck.

i read he was behind on his bills and he asked the knicks for advance on a paycheck

damn are you guys serious? sarcasm is hard to detect online. this whole time i was here thinking about you guys joking about his weight like heneeded more money for food or something. you know how nt is.

 

[kingtre]

article only mentioned a lil about his real problem which was the gambling, at least from other articles i read

i get millions in markers from casinos was nothing new to him- in fact thats what kinda did him in in the end when the casino markers didnt get back - wasntthe warrant out for him and he was found gambling in some casino?

;{

 

[doublejs07]

Originally Posted by High Class Scum Bag

his best bet is to try to go overseas for a few years then live off his pension....

i just recently read a similar story about kenny anderson

Kenny is trying to get his @!+$ together...read this if u get time:

He ran the production like a former point guard, which Kenny Anderson is, and as if his life depended on it, which, in a way, it did. He lined up the consents of five women -- the mothers of his seven kids, some of them more amenable to the idea than others -- and coordinated the kids' flights, same days, same arrival times, so as to minimize the waiting-around time at the airport. There was no time to waste. He was finally getting his kids together.

They came in two waves -- the boys first, 11-year-old Kenneth and 8-year-old Devin, in from New Jersey for a three-week stay with their dad. Then, after they left, the four girls: Danielle, 19, flew in from Georgia. Christy, 17, had the longest flight, all the way from L.A. Lyric, 14, and Jazz, 12, who, unlike the others, had never traveled alone to visit their father, came in from New Jersey.



http://www.washingtonpost.com/wp-dyn/content/article/2009/09/24/AR2009092401766.html

 

[basketballsavant]

The league does do a good job imo of educating these guys in terms of financial matters (e.g. life after basketball). Unfortunately, many of these guys do notlisten, and live in the moment, rather than looking toward the future. Part of it could be blamed on growing up and not having much, if anything at all, andnot knowing "how to make your money work for you" rather than you "working for your money" if that makes any sense. Despite this"cautionary tale" I think it will fall on deaf ears, and we will be hearing more and more of these stories in the future.

 

[doublejs07]

Originally Posted by Basketballsavant

The league does do a good job imo of educating these guys in terms of financial matters (e.g. life after basketball). Unfortunately, many of these guys do not listen, and live in the moment, rather than looking toward the future. Part of it could be blamed on growing up and not having much, if anything at all, and not knowing "how to make your money work for you" rather than you "working for your money" if that makes any sense. Despite this "cautionary tale" I think it will fall on deaf ears, and we will be hearing more and more of these stories in the future.

This is hardly a cautionary tale....there's a stat that states 60% of all NBA athletes go broke within 5 years after their retirement....

I look at Gilbert Arenas as an example...granted things turned out for the best, but when he came out of UA, he THOUGHT he was gonna be a 1st round pick. Dudespent reckless before the NBA draft...jewelry, car, etc.. pretty much depreciating assets....turns out he was a 2nd round pick, and that cash wasn't evenguaranteed unless he made the GSW....

I mean there are so many fools in the NBA...as soon as they get that agent advance, they are blowing their money on a stupid chain, multiple cars, etc....thefinancial support system the NBA has in place only works for those with a good head on their shoulders. Life is not a rap video.

 

[solesavage]

I'm still baffled at how this dude ever played in the NBA?

 

[airmaxpenny1]

Originally Posted by DoubleJs07

Originally Posted by Basketballsavant

The league does do a good job imo of educating these guys in terms of financial matters (e.g. life after basketball). Unfortunately, many of these guys do not listen, and live in the moment, rather than looking toward the future. Part of it could be blamed on growing up and not having much, if anything at all, and not knowing "how to make your money work for you" rather than you "working for your money" if that makes any sense. Despite this "cautionary tale" I think it will fall on deaf ears, and we will be hearing more and more of these stories in the future.

This is hardly a cautionary tale....there's a stat that states 60% of all NBA athletes go broke within 5 years after their retirement....

I look at Gilbert Arenas as an example...granted things turned out for the best, but when he came out of UA, he THOUGHT he was gonna be a 1st round pick. Dude spent reckless before the NBA draft...jewelry, car, etc.. pretty much depreciating assets....turns out he was a 2nd round pick, and that cash wasn't even guaranteed unless he made the GSW....

I mean there are so many fools in the NBA...as soon as they get that agent advance, they are blowing their money on a stupid chain, multiple cars, etc....the financial support system the NBA has in place only works for those with a good head on their shoulders. Life is not a rap video.

I understand why people don't feel bad, but the reason I have sympathy and empathize with the situation is because this is a common trend. These dudesreally don't know better and lack all common sense.

 

[biggie62]

Originally Posted by solesavage

I'm still baffled at how this dude ever played in the NBA?

I don't know how he doesn't. Sure he couldn't jump high. But he was quick as hell. He had a very good dribble for a player of his height andcould shoot, pass, and nearly everything else. Players with abstract abilities like a PF being able to dribble like a guard is a wanted comodity. Was heoverpayed for his skill set? Sure. But he was a good offense player in his prime. Defensively he did suck.

 

[haiti5]

solesavage wrote: I'm still baffled at how this dude ever played in the NBA?
im baffled youd make such a uneducated remark...smfh funny thing is..ive heard so many stories of toine isshin on ppl at clubs..i aint sayin itskarma..but dude was out there on some b.s...btw that hood argument dont fly with me..son aint from the hood hood..and he has had it good for most of hislife...whats crazy to me is how these athletes get everything for damn near free..they dont have spend stacks in the club...son dumb as hell

 

[xtapolapacetl]

"Hey 'Toine, why are you throwing away so many $100 bills?"
'Toine: "Because there are no $200 ones."

 

[dipsetgeneral]

Antoine Walker's DUI's already had me thinking he was irresponsible off the court.

I thought athletes are required to take a class/program that teaches you how to manage your money?

 

[eight2one]

Originally Posted by haiti5

crazy to me is how these athletes get everything for damn near free..they dont have spend stacks in the club...son dumb as hell

I was thinking that too!! I would take advantage of all that free stuff!

 

[TheGift23]

Originally Posted by Xtapolapacetl

"Hey 'Toine, why are you throwing away so many $100 bills?"
'Toine: "Because there are no $200 ones."

 

[cadillacflow]

Originally Posted by PH3N0M3N0N

110 million? no sympathy here.

Exactly.

 

[crossisom]

The only sad part is that it seemed like he had good intentions, but he just didn't know when to stop spending.

 

[eneyekayee]

Originally Posted by TheGift23

Sad tale.

 

[vahustler]

Originally Posted by Xtapolapacetl

"Hey 'Toine, why are you throwing away so many $100 bills?"
'Toine: "Because there are no $200 ones."

well look on the bright side.... he will always have stuff to sell.

 

[misterp0315]

Idiot.

And this is why he has always been my most hated player...ever. Can't believe that garbage compiled 110 million in the first place.

Then, he blows it?

He clearly saw that he went from an All-Star (somehow) to a bench sitting bum. I figured he'd be smart enough to recognizethat his paydays are running short.

 

[wildkycat]

OTL piece on 'Toine.

EDIT:  won't let me embed for some reason, here's the link: 

  

 

[sirius lee handsome]

 

[xtapolapacetl]

Damn, this thread is old..

 

[RyGuy45]

Dang...good vid thanks for that link. As always you just hope future dudes can learn from these cases.

 

[tylerdub]

Where is that alonzo gif? It should be played backwards for this guy.

 

[antbanks81]

damn that makes me sick to my stomach to see someone blow through that kind of money. He had the right idea by investing in real estate, just poor execution. It seems like none of these guys watched the Hammer story. Its okay to ball out, just don't have everyone else around you balling out cause their names aren't on those big checks.

Funny to compare that Lebron has made that much already, mostly from Nike.

 

[mytoasterspeak]

thing I don't understand, why not put money away, in different high interest bearing accounts, and just live off the interest money. These athletes have access to people who know how to use money to make money without having to spend it. +!+@ give me 2 million and i'll never have to work again, and I'll still be able to live a charmed life. Stupid, just plain ol stupid