A-Rod helps former NBA star get back on his feet

[Acebb]

How do you blow this much money?

How a former NBA No. 1 draft pick blew a $61 million fortune and now owes six figures


Former NBA No. 1 draft pick Joe Smith earned $61 million over his 16-year career. Today, he's living paycheck-to-paycheck and owes $157,000.

What really got Smith off track was his spending.


hno:

 

[StevieRay]

A dumbass can only blow that ungodly amount of $$

 

[PoundFoolish]

paycheck to paycheck? doing what?

 

[Willie99]

Bouncer

 

[PoundFoolish]

Bouncer

seriously?

 

[Willie99]

IDK, just playing

I'll never understand how these guys don't realize they're blowing their money and something has to change

They should know they're never getting it back, I guess that fog that intoxicates politicians and the media inflicts naive rich kids too

A mere 5 million dollars annuitized and you're set for life

 

[Acebb]

paycheck to paycheck? doing what?

He was coaching small basketball camps and trying to pay for a big house in Atlanta.

 

[PatsFan1283]

He took a brutal beat when the Twolves got busted for tampering and breaking the CBA, thus voiding his 7yrs/86million dollar contract. Pretty sure that is the only time that happened.

https://ftw.usatoday.com/2014/01/nba-joe-smith-illegal-contract-timberwolves

Pretty good writeup on it.

 

[Greenbacks]

Everytime he got traded he bought a new mansion...lol

He was traded 14 times.

It's his fault.