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aww poor baby
Former Celtics star Antoine Walker is broke and in debt
By J.E. Skeets
http://sports.yahoo.com/nba/blog/bal...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 ins utions 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?
The answer: fairly easily.
"[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. [...]
Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot — two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches — Rolexes and diamond-encrusted Cartiers."
Condos, luxury cars, watches ... I guess that'll eventually force you into bankruptcy. Especially when you're not investing any money or collecting $200 with every fifth or sixth roll of the die.
But Walker's lavish lifestyle wasn't all "me-me-me." He was also a generous friend and teammate who had custom suits made for coaches, routinely picked up giant team dinner tabs and, when there were funds to spare, gave to underprivileged youngsters. He was basically spending money like it was going out of style.
And it did.
I guess Biggie was right after all: mo' money, mo' problems.
Cheers, CelticsBlog.
aww poor baby
the shimmy must have come with payments.
Dumb ass
Wow. You could change the world (in a small way) with 60m, and he blew it on crap?
I live on $15,000K/yr. If I had $60m I'd found a school like Carver, but with a sustainability focus, and build sustainable energy infrastructure. I sure as wouldn't spend it on baubles like watches and cars.
Hey come on now... Walker was a dang patriot. He knew that lavish lifestyles and ridiculously overpriced 'status symbol' purchases were funding our economy.
Is it any surprise that Walker AND our economy tanked at the same time? I don't think so.
NBA GM's who want the economy to recover, I implore you... hire Walker! He's not all worthless! Think of the shimmy! And he's even got a ring!
Did he not invest any of his 110 million? dumbass..
Now this is entertainment.
a fool and his money are soon parted
he is still doing better than shawn kemp
sons I hate the NBA forcing kids to attend at least one year of college before entering the league, but if they are going to do it they should require a finance class to be taken lol
then again, if you had 60-65M and didn't invest ANY of it ... you deserve to lose your money
oh and another thing sons ... there is always a spot for Antoine on a "Cash for Gold" commercial.
What a lack of common sense. Earned about $60 mill and didn't make any 'real' investments? this is pathetic
son I know its absurd ... he could have at least bought a Popeye's franchise.
You talking about a 'gold mind' right there! if he wanted to take care of his people he coulda just give free fried chicken away
50-65m after taxes
umm dumb
I had a customer in Dallas who worked on some of his cars with wheels, sound and other custom jobs and they told me he was trying to stiff them for 30k in work that they had done for him. This was at least a couple of years ago.
Why is it that "Afro Americans" need to have an Entourage with them when they hit it big????
Just for those who don't understand it. Getting educated about how money really works should be a priority for everyone considering you'll spend the vast majority of your adult life trying to ac ulate it.
It's clear that Antonie had no clue as to how to properly handle his business, and that's a product of our educational system. No one gets any instruction on how to handle money until college. That's outrageous.
With 60-65 million in your pocket, you should be living off the interest only. And even then, you're still living large. He gets no pity from me.
BRHornet45 hits the nail on the head......
Who the needs 10 bathrooms? Does he have 10 mothers or something?
Wow 100 ing million and you still go bankrupt? Do these people eat their money for meals?
Kudos, but that's a bit unrealistic for the vast majority of us.Wow. You could change the world (in a small way) with 60m, and he blew it on crap?
I live on $15,000K/yr. If I had $60m I'd found a school like Carver, but with a sustainability focus, and build sustainable energy infrastructure. I sure as wouldn't spend it on baubles like watches and cars.
My daycare bill alone is more than that.
I saw this story the other day. Its going to become a growing trend with retiring athletes since they spend the same amount of money whether they have a job or not.
I believe that is now part of rookie initiation; I don't know if it was when Walker entered the league.
Walker can declare bankruptcy and probably live off his pension if he really doesn't have any money now. All I really read is that he hasn't paid a bunch of debts.
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