Antoine Walker is pathetic

[DMX7]

Antoine Walker’s legal ordeal in Sin City continues, as he pleaded guilty to writing bad checks when attempting to pay off his casino debts. From the Las Vegas Sun: “Walker, a former NBA all-star who now plays for the Idaho Stampede in the NBA Development League, will likely face no jail time under a plea agreement with prosecutors, and instead will be put on probation as he works to pay off gambling debts of more than $750,000 owed to three casinos. His sentencing is set for Nov. 1. ‘Being put on probation, he’ll have a court order to pay the res ution to the casinos,’ said Deputy District Attorney Sam Bateman. Walker, 34 was not present in court, and his guilty plea was entered on his behalf by attorneys. The criminal complaint was filed in the summer of 2009, when Walker failed to pay back gambling debts at Caesars Palace, Planet Hollywood and the Red Rock Resort. He pleaded not guilty to six felony counts related to drawing checks without sufficient funds with attempt to defraud in June 2010, before changing his plea Tuesday.”

http://www.slamonline.com/online/nba...ng-bad-checks/

The fool made over $100 million dollars in his NBA playing career, and he doesn't own a dime anymore. His properties are underwater and now this.

[jermaine]

that . If u made that much doe, an ur broke in that same lifetime, ur a in fool. I wonder where are them same s he was parting with an buying . One of the hardest things for a man to do is shake his so called friends.(in da hood that is)

[William Hung]

cue the Antoine Walker Frankenstein pic

[nkdlunch]

Epic Fail at life. nothing much else to say.

[Koolaid_Man]

that . If u made that much doe, an ur broke in that same lifetime, ur a in fool. I wonder where are them same s he was parting with an buying . One of the hardest things for a man to do is shake his so called friends.(in da hood that is)

I feel where u coming Big J...he is a stupid but I think these cats don't understand the implications of not having a personal tax accountant. I may not have that kind of paper but I have a tax accountant / CPA.

Also I don't expect these guys to get rid of their friends but there should be a weeding out process of some. I wouldn't get rid of my child hood homies either...these the cats I roll with and that got my back. When I go to Vegas I'm rolling with my boys and if I'm not I'm being a good boy and chilling with my fam on the west coast. But when jumps off you need that support. It's on me to set up how I will help my boys. If I have 100 million + then sure I'd break them off with homes and cars but I'd also setup a business to help keep cash flowing. If someone in my crew is ing up cash then I'd pull him to the side.

Allen Iverson is a good example...he seems to manage his money well....no way he could play and live in Turkey without his boys....when Ho's flock your way and you got money s start hating and will plot on you...You need your homies unless you gonna be some stay at home all the time type . I saw A.I years ago as I was checking out of a hotel in Philly...he had a with him that looked scarier than the cracken, straight outta .

You need that.

[clambake]

is that why you didn't pay your bet? no "tax accountant/CPA"?

[nkdlunch]

Allen Iverson is a good example...he seems to manage his money well....

stupid

http://bleacherreport.com/articles/3...e-heard-before

"Stephen A. Smith of ESPN recently said Iverson was spiraling out of control and his finances and post-basketball life was in serious danger due to alcohol and gambling problems.

Smith went on to say Iverson has been banned from casinos in Detroit and Atlantic City, and these recent revelations coupled with the news of his daughter, and his wife's recent request for a divorce add up to a very difficult month for Iverson."

http://www.slamonline.com/online/nba...iverson-broke/

A member of one NBA front office, speaking on the condition of anonymity because of the subject matter, said that prior to last season, a member of Iverson’s family called to inquire about a contract for Iverson, explaining that Iverson owed that person money and would be unable to pay without a contract. A similar source explained that Iverson is broke, plain and simple.

[NRHector]

is that why you didn't pay your bet? no "tax accountant/CPA"?

[Leetonidas]

lol stupid spear chuckers

[Leetonidas]

I bet Matt Bonner laughs his ass off while drinking his Diet Rite when he reads like this

[Dunc n Dave]

Damn, the welcher got owned!

Iverson managing money well

[Greg Oden]

Don't rookies go thru some kind of class to learn how to manage all that money? If $100 million can't satisfy you and kids throughout their lives, you should end your life immediately.

[Koolaid_Man]

stupid

http://bleacherreport.com/articles/3...e-heard-before

"Stephen A. Smith of ESPN recently said Iverson was spiraling out of control and his finances and post-basketball life was in serious danger due to alcohol and gambling problems.

Smith went on to say Iverson has been banned from casinos in Detroit and Atlantic City, and these recent revelations coupled with the news of his daughter, and his wife's recent request for a divorce add up to a very difficult month for Iverson."

http://www.slamonline.com/online/nba...iverson-broke/

A member of one NBA front office, speaking on the condition of anonymity because of the subject matter, said that prior to last season, a member of Iverson’s family called to inquire about a contract for Iverson, explaining that Iverson owed that person money and would be unable to pay without a contract. A similar source explained that Iverson is broke, plain and simple.

Listen boy when you talking to Kool you talking to El Papi....

I know s that are ing paid like a mutha er, (i.e independently wealthy) but would rather sit in jail for 2-6 months as opposed to paying a 3-5k Child support back payment.

If you think A.I is broke I got some Koolaid I'd like for you to sell to your mama.

Whispers of some s being broke is just that...A.I may be a rough exterior but by no means does that make him stupid...that know what he doing...sure he has relationship trouble like everyone that doesn't mean he's broke...just media speculation...in that BS article you posted he even said as much...getting banned from a Casino doesn't mean your broke asshole...it means your banned for a variety of reason...maybe your crew is too raising and the casino security don't even want to with them.... A.I isn't broke...

Now....go suck your mama ty... face...

[Isitjustme?]

Don't rookies go thru some kind of class to learn how to manage all that money? If $100 million can't satisfy you and kids throughout their lives, you should end your life immediately.

tbh this is one of the few times I would give s a pass; I read an article in Sports Illustrated a few years ago which broke all this down in detail and it said that the closest comparison in terms of spending money to a pro athlete is a lotto winner. That makes sense to me because both groups of people often just lucked into money for the most part and don't know anything about how to handle it.

[Greg Oden]

still brah, that's $100 million.


tbh I wonder what the percentage is of blacks who blow their pro money vs whites.

[clambake]

still brah, that's $100 million.


tbh I wonder what the percentage is of blacks who blow their pro money vs whites.

or people like koolaid who can't afford to bet.

[Isitjustme?]

still brah, that's $100 million.


tbh I wonder what the percentage is of blacks who blow their pro money vs whites.

It would have to be higher your right about that. Here is the article tho: http://sportsillustrated.cnn.com/vau...364/index.htm#

Some selected passages:

What the happened here? Seven floors above the iced-over Dallas North Tollway, Raghib (Rocket) Ismail is revisiting the question. It's December, and Ismail is sitting in the boardroom of Chapwood Investments, a wealth management firm, his white Notre Dame snow hat pulled down to his furrowed brow.

In 1991 Ismail, a junior wide receiver for the Fighting Irish, was the presumptive No. 1 pick in the NFL draft. Instead he signed with the CFL's Toronto Argonauts for a guaranteed $18.2 million over four years, then the richest contract in football history. But today, at a private session on financial planning attended by eight other current or onetime pro athletes, Ismail, 39, indulges in a luxury he didn't enjoy as a young VIP: hindsight.

"I once had a meeting with J.P. Morgan," he tells the group, "and it was literally like listening to Charlie Brown's teacher." The men surrounding Ismail at the conference table include Angels outfielder Torii Hunter, Cowboys wideout Isaiah Stanback and six former pros: NFL cornerback Ray Mickens and fullback Jerald Sowell (both of whom retired in 2006), major league outfielder Ben Grieve and NBA guard Erick Strickland ('05), and linebackers Winfred Tubbs ('00) and Eugene Lockhart ('92). Ismail ('02) cackles ruefully. "I was so busy focusing on football that the first year was suddenly over," he says. "I'd started with this $4 million base salary, but then I looked at my bank statement, and I just went, What the...?"

In a less public way, other athletes from the nation's three biggest and most profitable leagues—the NBA, NFL and Major League Baseball—are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players' associations, agents and financial advisers) indicate that:

• By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.

• Within five years of retirement, an estimated 60% of former NBA players are broke.

SALARY ASIDE, the closest analogue to a pro athlete is not a white-collar executive. It's a lottery winner—who's often in his early twenties. "With athletes, there's an extraordinary metamorphosis of financial challenge," says agent Leigh Steinberg, who has represented the NFL's No. 1 pick a record eight times. "Coming off college scholarships, they probably haven't even learned the basics of budgeting or keeping receipts." Which then triggers two fatal mistakes: hiring the wrong people as advisers, and trusting them far too much.

Cue Kyle Orton: "Third fatal mistake; being a dumb ######."

[Koolaid_Man]

or people like koolaid who can't afford to bet.

I'm just a new breed of pimp... I pimp midgets...

[Isitjustme?]

^Its a good thing this guy's here otherwise a serious, intelligent conversation might break out in this thread...

[jag]

still brah, that's $100 million.


tbh I wonder what the percentage is of blacks who blow their pro money vs whites.

I assume it has more to do with a player's upbringing and the lifestyle they led before their NBA contracts.

Black or white, if you grew up in the hood and always dreamed of making it rain, and someone gives you a bag of money when you turn 19 then you're probably going to take that bag of money to a strip club and throw it all over the ground. And there's a also a chance you could go closed fist on a stripper for trying to pick up that money.

[Booharv]

Yeah, a lot of them get conned by crooks. I guess if you're a con man someone like Pacman Jones might seem like an easy mark for whatever reason.

[nkdlunch]

Allen Iverson is a good example...he seems to manage his money well....

stupid

[clambake]

kool got no money to manage.

[nkdlunch]

even if this kool had 3 quarters to his name. He'd probably mismanage that and end up owing $500 on an online bet

stupid

[ambchang]

Stern is counting on guys like Walker in the collective bargaining agreement. Lock them out for 3 months, cash stops flowing in, union comes back begging.

Players did not learn a thing in 99.

Time for another Spurs championship.