Scottie Pippen nearly broke ex-NBA star cries after he wins a $2 million verdict

[jude2]

long term deposit genius 

Name one that gives you 10% yearly.

[Mr Nobody]

Another broke NBA star  That made million's 2 million compared to what he has made is like $1 to me. These guys cant handle the money most were poor as dirt then get like millions dropped in their lap = lights out.

[clownbaby]

you work at mcdonalds dont you ? me thinks your retirement plan involves being a walmart greater , a jew you are not

a walmart "greater" lmao, it is "greeter" you knuckle-dragging moron.  By the way, aren't you a bald fat dude with a pubic hair goatee?  Show me which bank gives interest annually at 10%

[noworries]

bad business decision 101...

advice from "advisors"- do you really NEED a $4m jet Scottie?

You know that interest alone per year on $4m is as high as $400k?

You can live off $400k per year no problems...

how the fuck are you broke,  you dipshit?

Not to be mean or anything but first tell me where you bank so I can get that interest rate.  And two, to be more realistic lets say he gets lucky and gets 5% so that would cut you figure in half. 

[Vince G, CSN MFT]

At least he lasted a few years out of the league them most black athletes... why is it that  Lenny dykstra is the only broke retired white player out there? was his financial adviser black??
 

http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Scottie-Pippen-is-a-little-less-broke-these-days?urn=nba,252310




If you've read any of the numerous books about the Chicago Bulls of the 1990s then you know that Scottie Pippen is kind of funny about money. Raised in a poor household, Pippen jumped at the chance to sign a long-term contract prior to the 1991-92 season, choosing the security of a long deal over being paid what he was worth. Throughout his career, Pippen would endorse anything and everything, assuring that the money kept flowing in. Following the end of his playing career, Pippen was involved in a number of bad business deals that left him nearly broke.

One of the notable money mistakes that Pippen made was the purchase of a $4 million Gulfstream jet in 2002. Due to a missed inspection, the jet's engine needed $1 million worth of repairs shortly after the purchase. Rather than paying that, the jet was grounded, making it the world's most expensive paper weight. Pippen sued his attorney for the missed inspection and Monday was awarded a settlement of $2 million. He was pretty happy about it. From the Chicago Sun-Times' Lisa Donovan:

    One-time Chicago Bulls star Scottie Pippen dissolved in tears Monday and gasped as a Cook County jury awarded him a $2 million verdict in a jet deal that went south.

    Pippen had sued two attorneys at the Chicago law firm Pedersen & Houpt for malpractice, alleging they failed to closely monitor his purchase of the jet, which was grounded only months after the 2002 purchase. [...]

    "I don't want to really say anything, I'm just exhausted and tired," a red-eyed but smiling Pippen said before leaving the courthouse with wife Larsa Pippen.

You know how they say you can't have your multimillion dollar jet and eat it to? Well, tell them that they're wrong. And also that that is a weird saying.

But really, this is good news. Yeah, it's kind of hard to feel bad for a guy filing lawsuits because he didn't get to use his super expensive airplane, but with all the 1990s basketball players that have been going broke these days, it's nice that something good actually happened for one of them.

That being said, I think we've all learned a valuable lesson here. Whenever you spend $4 million on a jet, make sure it works first.

Broke??  He's lost 120 million due to bad investments and people taking advantage of him but he still has about 15 million left.  He's not in a cardboard box or anything like that.....


He's a basketball player, not a lawyer or financial expect so he's more likely to be taken advantage of.  One thing is for sure, he proved that he can play without Jordan with win NBA Championship rather than being considered a sidekick and that's why he's now in the Hall of Fame.


Lets face it, anyone can be ripped off.  Just ask Bernie Madoff.

[Parker]

wow, just wow


how when you have...........say ten million dollars..............don t you sit down with a financial adviser.........and set up a realistic budget for the rest of your life



its so simple..............my redneck farmer grandfather with a 5th grade education did  it



these black players are SO concerned with bling, and cars, and keeping up with the Jonses...............tha t they just spend adn spend and spend until the well is dry







and when you have a few million, how are people not smart enough to invest in turn-key, easy businesses:  like carwashes or laundrymats............y ou put a couple of them in a black or hispanic community............... .you a guarenteed a steady stream of income FOREVER



stupid, stupid men...................al l so concerned with the 'cool pose' masculine black wealth image that they spend themselves right  back into poverty

http://www.stopthebrainwash.com/?page_id=90

http://www.amazon.com/gp/product/B0032JSGA2/ref=pd_lpo_k2_dp_sr_1?ie=UTF8&cloe_id=0d4a86b9-3744-4351-9722-d0923feba903&attrMsgId=LPWidget-A1&pf_rd_p=486539851&pf_rd_s=lpo-top-stripe-1&pf_rd_t=201&pf_rd_i=1401925928&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=1J8H3Z7NS2ZVCV5367PH

[Tapeworm]

Shrewd

[Quickerblade]

He won $2m, but the lawyers fee eat that up lol

[saopl]

so he buys a $4M plane, but doesn't have $1M to fix the engine? How did he expect to pay for fuel, pilots, fees, licensing???

amazing logic

[Vince G, CSN MFT]

so he buys a $4M plane, but doesn't have $1M to fix the engine? How did he expect to pay for fuel, pilots, fees, licensing???

amazing logic

The attorney handling the purchase didn't schedule any inspection of the plane prior to the purchase.  If they had done that then there would have never been a problem to begin with.  Scottie was smart to have it done that way but he just got some lawyers that only wanted to push the deal through so they could get their commission.   

[The Showstoppa]

Pippen = overrated

[Mr Nobody]

Pippen = overrated

X2 he was lost without Jordan.

[The Showstoppa]

X2 he was lost without Jordan.

I think MJ has to see a chiro 3 times a week because of back problems from carrying Scottie all those years.

[Mr Nobody]

I think MJ has to see a chiro 3 times a week because of back problems from carrying Scottie all those years.

[saopl]

The attorney handling the purchase didn't schedule any inspection of the plane prior to the purchase.  If they had done that then there would have never been a problem to begin with.  Scottie was smart to have it done that way but he just got some lawyers that only wanted to push the deal through so they could get their commission.   

well then the title of this thread is misleading.

[spinnis]

he will probably riush out now and buy a few new cars with bling bling rims and put him right back in debt LOL

[Option D]

Hilarious...Jordan didnt win with out PIP...And just for shits...go look up pippens numbers without the great Jordan for those 2 years...get back to me me

[The Showstoppa]

Hilarious...Jordan didnt win with out PIP...And just for shits...go look up pippens numbers without the great Jordan for those 2 years...get back to me me

Yeah, lil Scottie was too busy melting down when he didn't get the last shot that went to Kukoc as he "carried" the Bulls to nothing......

Jordan = greatest of all-time...Pippen = dangling from his nutsack.

[bigkid]

Broke??  He's lost 120 million due to bad investments and people taking advantage of him but he still has about 15 million left.  He's not in a cardboard box or anything like that.....


He's a basketball player, not a lawyer or financial expect so he's more likely to be taken advantage of.  One thing is for sure, he proved that he can play without Jordan with win NBA Championship rather than being considered a sidekick and that's why he's now in the Hall of Fame.


Lets face it, anyone can be ripped off.  Just ask Bernie Madoff.

Where do you see that he still has 15 million? 

[Option D]

Yeah, lil Scottie was too busy melting down when he didn't get the last shot that went to Kukoc as he "carried" the Bulls to nothing......

Jordan = greatest of all-time...Pippen = dangling from his nutsack.

Go check the stats for those 2 years...

[Playboy]

bad business decision 101...

advice from "advisors"- do you really NEED a $4m jet Scottie?

You know that interest alone per year on $4m is as high as $400k?

You can live off $400k per year no problems...

how the fuck are you broke,  you dipshit?

Quoted for the truth.

[noworries]

he will probably riush out now and buy a few new cars with bling bling rims and put him right back in debt LOL

he'll probably go get the engine fixed now

[The Showstoppa]

Go check the stats for those 2 years...

Nah, can't bother, I'm sure he put up good numbers....but flamed out in the playoffs....probably a migraine.

The whole deal is this.....you could have had 10 or 15 guys that could have played Scottie's "Robin" to MJ's "Batman", but not one single player could have filled MJ's role in that partnership.....not one.....you agree?

[Tre]

The whole deal is this.....you could have had 10 or 15 guys that could have played Scottie's "Robin" to MJ's "Batman", but not one single player could have filled MJ's role in that partnership.....not one.....you agree?

Tellin' it like it is...

At his income level, he could afford to take a charter jet to just about anywhere he needed to go in the world.  At his income level, just like you or I, he could not afford a Gulfstream, not even a used one!

MAYBE he could've considered an Eclipse...$1 million out the door:



The thing is, though, people who've never owned planes typically don't understand that on-call pilots aren't part of the package and neither do storage and routine maintenance costs.

[Option D]

Nah, can't bother, I'm sure he put up good numbers....but flamed out in the playoffs....probably a migraine.

The whole deal is this.....you could have had 10 or 15 guys that could have played Scottie's "Robin" to MJ's "Batman", but not one single player could have filled MJ's role in that partnership.....not one.....you agree?

Fawk naw....he invented the point foward...locked down magic...one of the 50 greatest players...they dont just throw that shit around...hall of fame 2010


check it out
Michael Jordan retired before the 1993–94 NBA season, and in his absence Pippen emerged from Jordan's shadow. That year, he earned All-Star Game MVP honors and led the Bulls in scoring, assists, and the entire league in steals, averaging 22.0 points, 8.7 rebounds, 5.6 assists, 2.9 steals, 1.9 three-pointers, and 0.8 blocks per game, while shooting 49.1% from the field and a career-best 32% from the three-point line. For his efforts, he earned the first of three straight All-NBA First Team nods, and he finished third in the MVP voting. The Bulls finished the season with 55 wins, only two fewer than the year before.

Pippen finished the 1994–95 season leading the Bulls in every major statistical category: assists, rebounds, points, steals, and blocks; Pippen is one of only four players in NBA history to accomplish this feat.[1][8]


Jordans nutsack my ass (wait that didnt come out right)....PiP was a beast in his own right