Never huge on memorabilia. I would sell it even if I didn't need the money.
But it sad to see players in this situation especially ones you admire growing up. He must be hurting because since he played in 11 nba season and he maxxed out the pension for NBA. The pay is $195K per year which is lot of money. He must have real gambling problem if that is not enough to sustain him.
But it sad to see players in this situation especially ones you admire growing up. He must be hurting because since he played in 11 nba season and he maxxed out the pension for NBA. The pay is $195K per year which is lot of money. He must have real gambling problem if that is not enough to sustain him.
Here is a list of the auction. A lot of very nice stuff:
http://www.auctionreport.com/consig...ius-dr-j-erving-collection-fall-2011-auction/
http://www.auctionreport.com/consig...ius-dr-j-erving-collection-fall-2011-auction/
$$DR J is like Einstein compared to modern players like say Latrell Sprewell.
Jordan did it right, few others did.
No man making 10 million a year....or 10 million lifetime should ever be broke.
You can blow big money only a few ways....
gambling it away at horrible -EV has to be the worst way !
Drugs and hos....aka Sheening it is better
I don't know what you call buying mansions, cars, planes, yhacts, etc.
I'd live it up big time if I got my paws on 500 million, but actually 10 million would be enough.....cue the sound of a balloon deflating
500 M is so large that I'd give 80% of it way without a se2cond thought, screw it 90% to charity.
Jordan did it right, few others did.
No man making 10 million a year....or 10 million lifetime should ever be broke.
You can blow big money only a few ways....
gambling it away at horrible -EV has to be the worst way !
Drugs and hos....aka Sheening it is better
I don't know what you call buying mansions, cars, planes, yhacts, etc.
I'd live it up big time if I got my paws on 500 million, but actually 10 million would be enough.....cue the sound of a balloon deflating
500 M is so large that I'd give 80% of it way without a se2cond thought, screw it 90% to charity.
No doubt about this. Dr J has passed the "famous" threshold to the point where he will never be totally broke. He will always be able to make at least a couple hundred thousand bucks a year just with his name.. He was that great, super famous. It's the less famous athletes that have it the worst, guys like Antoine Walker and Sprewell who were all stars and plenty famous but not super famous. On the flip guys, like Tyson and Dr J despite being in bad shape financially and maybe even having a negative net worth will never be "broke"
My favorite memory of Dr. J was watching the Portland TrailBlazers kick the crap out of him and his fellow "all-star" sixers in the '77 NBA championships after the sixers had won the first two games of the series. My second favorite memory of him was him winning the NBA championship 3 or 4 years later.
But one thing I'll never do is feel sorry any multi-millionaire who threw it all away.
But one thing I'll never do is feel sorry any multi-millionaire who threw it all away.
This story has taken an odd turn . . .Dr. J denies memorabilia auction tied to lawsuit
PHILADELPHIA (AP)
Julius Erving has denied an upcoming auction of his personal basketball memorabilia collection is tied to a lawsuit filed against him by a Georgia bank.
Not true, he said. ''That irony actually gave me a sleepless night last night,'' he said. ''I had to laugh at it and cringe at it that these stories would run concurrent with one another.''
''My family is 100 percent behind it,'' he said. ''We decided to do it a long time ago. To claim it's a firesale or to clear up some debt, I don't think so. You don't do an auction overnight. This has been long planned. We had 4,000 catalogs that have been mailed already to people who buy this kind of stuff.''
Story
Pretty odd place for a black celebrity to choose to live. It's only about 100 miles from Vegas, so I'm sure he'd go there over Mesquite.
Obviously he is selling his stuff because cash means more to him now, and he started to see this need coming maybe a year ago. He doesn't care about the stuff, then why keep it for decades ?
The miracle is that he lasted as long as he did before going broke.
Obviously he is selling his stuff because cash means more to him now, and he started to see this need coming maybe a year ago. He doesn't care about the stuff, then why keep it for decades ?
The miracle is that he lasted as long as he did before going broke.
I actually looked at a lot of this stuff over the summer. It was on display at the National Sports Convention in Chicago. It was like a damn museum.
At any rate, Dr. J. must be a real degenerate based on the amount of sightings of him at casinos all over the place. Really sad, but back in the day he was pulling in a million a year when that was huge money. Even back in the ABA days, he had to have been one of the highest paid athletes. He was just recently in a Dr. Pepper commercial too.
Didn't his son die in a car wreck a few years back? Maybe that's caused some of these issues. At any rate, you'd think he could sign his name all day long for 50 bucks or more a pop. Look at Pete Rose - I'd be willing to bet that he's made more money over the years signing his name then he ever did playing.
At any rate, Dr. J. must be a real degenerate based on the amount of sightings of him at casinos all over the place. Really sad, but back in the day he was pulling in a million a year when that was huge money. Even back in the ABA days, he had to have been one of the highest paid athletes. He was just recently in a Dr. Pepper commercial too.
Didn't his son die in a car wreck a few years back? Maybe that's caused some of these issues. At any rate, you'd think he could sign his name all day long for 50 bucks or more a pop. Look at Pete Rose - I'd be willing to bet that he's made more money over the years signing his name then he ever did playing.
