Author Topic: Could you blow through a 110 million in 12 years? (Read 6581 times)

SS · « **on:** October 28, 2009, 09:22:24 AM »

This Guy did

........................ ..Imagine that

http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Former-Celtics-star-Antoine-Walker-is-broke-and-?urn=nba,198509

In 12 years, Antoine Walker(notes) made more than $110 million playing professional basketball moderately well. Take away taxes, throw in some adidas endorsement money and a "NBA Live 99" cover, and he's left with, what, $60-to-65 million?

Whatever the details, it was a big chunk of change, which, amazingly, wasn't enough.

That's right, during the last several months, the once multi-millionaire athlete has been pursued by multiple financial institutions for unpaid debts.

In fact, according to The Boston Globe, "Employee No. 8" owes more than $4 million to his creditors and is facing felony check fraud charges in Las Vegas. All of this at the age of 33. Wild.

Now I know what you're thinking: How in the world does somebody — not named Montgomery Brewster — even begin to blow through that amount of money?

Coach is Back! · « **Reply #1 on:** October 28, 2009, 09:27:42 AM »

I couldn't but I'm quite sure my ex-wife would have no problem blowing through that in a quarter of that time........with absolutely nothing to show for it!

CT_Muscle · « **Reply #2 on:** October 28, 2009, 09:37:28 AM »

The question isn't could you, but would you be so dumb to.

Wiggs · « **Reply #3 on:** October 28, 2009, 09:38:14 AM »

"They spinnin' n*gga, they spinnin"

dan18 · « **Reply #4 on:** October 28, 2009, 09:38:38 AM »

Quote from: SS on October 28, 2009, 09:22:24 AM

This Guy did ........................ ..Imagine that

http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Former-Celtics-star-Antoine-Walker-is-broke-and-?urn=nba,198509

In 12 years, Antoine Walker(notes) made more than $110 million playing professional basketball moderately well. Take away taxes, throw in some adidas endorsement money and a "NBA Live 99" cover, and he's left with, what, $60-to-65 million?

Whatever the details, it was a big chunk of change, which, amazingly, wasn't enough.

That's right, during the last several months, the once multi-millionaire athlete has been pursued by multiple financial institutions for unpaid debts.

In fact, according to The Boston Globe, "Employee No. 8" owes more than $4 million to his creditors and is facing felony check fraud charges in Las Vegas. All of this at the age of 33. Wild.

Now I know what you're thinking: How in the world does somebody — not named Montgomery Brewster — even begin to blow through that amount of money?

A good portion of these nba stars that are rookies do the same thing they live the getto life and every waking day is filled with basketball.when they finaly make it to the pros they have no education they get there money and away they go purchasing 2 million dollar homes and cant pay the taxes they buy cars on credit they go crazy and then there busted happens all the time they file bankrupcy and if they are still in the nba they can start over again but most likley they have goverment taxes to pay......crazy cycle but no one cares as long as they play ball and make money for the nba no one cares...

dr.chimps · « **Reply #5 on:** October 28, 2009, 09:38:49 AM »

Who knows? I'd be willing to give it the old college try, tho.

johnnynoname · « **Reply #6 on:** October 28, 2009, 09:45:11 AM »

Quote from: JME on October 28, 2009, 09:27:42 AM

I couldn't but I'm quite sure my ex-wife would have no problem blowing through that in a quarter of that time........with absolutely nothing to show for it!

hmmmm

is she on cougarlife.com by any chance

?

K-1 · « **Reply #7 on:** October 28, 2009, 09:45:40 AM »

Right now I can say no way I lose this cash.

Give it to me in my early 20.. late teens...like these guys are getting now......omg...unlimited females with the "easy Pu$$y" sign on display 24/7, that invincible youth...clubs, night life..... I just don't know man...I try to put myself in these guys shoes...I just don't know. I'd get caught up indeed, but no way my family lets me go down on 100mill that hard.

damn near dropping 10 mill a yr dude. not including endorsements..etc...dude was out there waaay to hard and probably only word he was ever told was "yes"

Mars · « **Reply #8 on:** October 28, 2009, 09:49:19 AM »

id rather blow other things

Stark · « **Reply #9 on:** October 28, 2009, 09:51:37 AM »

You just have to watch MTV crips and see how these model citizens hahaha spend their "hard earned"

cash...its a disgrace that somebody has that much money anyways.

But I am sure he will be able to sell on the 10 Bentleys 5 super big diamond watches each worth 100K and so on for good money

YoungBlood · « **Reply #10 on:** October 28, 2009, 09:52:38 AM »

Quote from: CT_Muscle on October 28, 2009, 09:37:28 AM

The question isn't could you, but would you be so dumb to.

Exactly.

Wasn't this the premise of "Brewster's Millions?"
You had to spend X amount of money is X amount of time, but there were rules like you couldn't buy 20 houses in one day?

tendonitis · « **Reply #11 on:** October 28, 2009, 09:54:30 AM »

the real crime is that such an aveaage player was paid that much money to begin with

SS · « **Reply #12 on:** October 28, 2009, 09:56:15 AM »

Quote from: Mars on October 28, 2009, 09:49:19 AM

id rather blow other things

Of course you would, Marcella

If he would of had a Jew manager, things could of been different..Just saying.

Stark · « **Reply #13 on:** October 28, 2009, 09:56:47 AM »

Quote from: tendonitis on October 28, 2009, 09:54:30 AM

the real crime is that such an avergage player was paid that much money to begin with

Good point but i take it a bit further - NOBODY should be paid anything close to a million for dribbling a ball around the court.

Sport people are way way waaaaay overpaid - that has to stop

Man of Steel · « **Reply #14 on:** October 28, 2009, 09:58:52 AM »

"b-b-b-but I can still dribble da ball real good mista taxman. Maybe I goes and makes you a right pretty slam dunk! Hows that be mista taxman?"

Hereford · « **Reply #15 on:** October 28, 2009, 10:00:17 AM »

How can you not make it on 60m (post taxes)?

Oh wait... I see....

Stark · « **Reply #16 on:** October 28, 2009, 10:00:49 AM »

Quote from: Man of Steel on October 28, 2009, 09:58:52 AM

"b-b-b-but I can still dribble da ball real good mista taxman. Maybe I goes and makes you a right pretty slam dunk! Hows that be mista taxman?"

Wiggs · « **Reply #17 on:** October 28, 2009, 10:02:59 AM »

Quote from: Mars on October 28, 2009, 09:49:19 AM

id rather blow other things

No shit homo.

SS · « **Reply #18 on:** October 28, 2009, 10:03:43 AM »

Quote from: Man of Steel on October 28, 2009, 09:58:52 AM

"b-b-b-but I can still dribble da ball real good mista taxman. Maybe I goes and makes you a right pretty slam dunk! Hows that be mista taxman?"

Bawahaahahahaha!!!!!

Man of Steel · « **Reply #19 on:** October 28, 2009, 10:04:21 AM »

"Lookit mista taxman...I's a spinnin da ball on ma finger!! Lookie, lookie mista taxman....dribblin dat ole basetball foo ma legs for ya!!"

Stark · « **Reply #20 on:** October 28, 2009, 10:04:55 AM »

Quote from: Man of Steel on October 28, 2009, 10:04:21 AM

"Lookit mista taxman...I's a spinnin da ball on ma finger!! Lookie, lookie mista taxman....dribblin dat ole basetball foo ma legs for ya!!"

where is block when you need him

dan18 · « **Reply #21 on:** October 28, 2009, 10:16:22 AM »

Quote from: Mars on October 28, 2009, 09:49:19 AM

id rather blow other things

outed

El Diablo Blanco · « **Reply #22 on:** October 28, 2009, 10:27:22 AM »

I think the bad part is not that he blew threw the money but that someone was willing to give this uneducated jackass $100million.

body88 · « **Reply #23 on:** October 28, 2009, 10:32:16 AM »

Quote from: dan18 on October 28, 2009, 09:38:38 AM

A good portion of these nba stars that are rookies do the same thing they live the getto life and every waking day is filled with basketball.when they finaly make it to the pros they have no education they get there money and away they go purchasing 2 million dollar homes and cant pay the taxes they buy cars on credit they go crazy and then there busted happens all the time they file bankrupcy and if they are still in the nba they can start over again but most likley they have goverment taxes to pay......crazy cycle but no one cares as long as they play ball and make money for the nba no one cares...

Thats not what happened. he has a gambling addiction and he gambled it all away. material shit had nothing to do with it.

Stark · « **Reply #24 on:** October 28, 2009, 10:34:41 AM »

Quote from: body88 on October 28, 2009, 10:32:16 AM

Thats not what happened. he has a gambling addiction and he gambled it all away. material shit had nothing to do with it.

Oh that makes it soooo much better