8 NBA Players Who Went BROKE Very Quickly

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Andy Hoops

Andy Hoops

Күн бұрын

In this video, I talk about 8 notable cases of NBA players losing the majority of their wealth in very sad ways.
I make all kinds of NBA videos which include trivia, analysis, player stories, countdowns, conspiracies, and mysteries. Make sure to leave a like and subscribe if you enjoyed this video!
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► Sources:
Stats and box-scores from Basketball-Reference.com
www.cnbc.com/2018/05/14/money....
money.cnn.com/2015/07/24/inve...
www.sportscasting.com/former-...
nypost.com/2017/03/23/larry-j...
www.espn.com/blog/truehoop/po...
moneymaven.io/blackwealthchan...
www.sportscasting.com/former-...
www.si.com/nba/2019/09/19/den...
#nba

Пікірлер: 1 400
@Braylon1997
@Braylon1997 3 жыл бұрын
Delonte West actually went broke and homeless for a few years until Mark Cuban put him in rehab
@dr.dragonballz4865
@dr.dragonballz4865 3 жыл бұрын
Mark is a good guy
@utubebroadcaster
@utubebroadcaster 3 жыл бұрын
Delonte been in and out of Rehab and on the streets.. sad stuff
@inthepaint2907
@inthepaint2907 3 жыл бұрын
Cuban the GOAT for that
@NikoNekoa
@NikoNekoa 3 жыл бұрын
Wait Delonte is in rehab?
@kenneyp.9456
@kenneyp.9456 3 жыл бұрын
@@NikoNekoa yes literally started last week cause of the videos
@PaulieAFantoneJays19
@PaulieAFantoneJays19 3 жыл бұрын
God, I feel bad for Derrick Coleman...his heart was in the right place...If only he made those investments after 2008...
@JoeBro915
@JoeBro915 3 жыл бұрын
Legit the worst time possible to try and rebuild his community. And Detroit is still as shitty as it was before, it was all for nothing
@meep7895
@meep7895 3 жыл бұрын
The only guys on this list that I seriously feel bad for are Strickland and Coleman. Strickland wasn't in control of his money and Coleman got screwed by the recession
@PaulieAFantoneJays19
@PaulieAFantoneJays19 3 жыл бұрын
@@meep7895 ...You know that has to sting for both men
@PaulieAFantoneJays19
@PaulieAFantoneJays19 3 жыл бұрын
@@JoeBro915 ...Ikr?! lol God, that sucks!
@wintersouljah8437
@wintersouljah8437 3 жыл бұрын
@@JoeBro915 n
@vulrare
@vulrare 3 жыл бұрын
There's also tons of stories about average people who win millions in the lottery,but end up bankrupt within a decade.Peeps think that money lasts forever....of course it doesn't.
@ramnsesallen4375
@ramnsesallen4375 3 жыл бұрын
Money lasts forever wisdom on what to do with it does not
@MHScald
@MHScald 3 жыл бұрын
Because theyre stupid
@zorosanjiluffy1738
@zorosanjiluffy1738 3 жыл бұрын
@@ramnsesallen4375 faxx bro not everyone lose money some of them get even more richer
@nathansarfo1768
@nathansarfo1768 3 жыл бұрын
@@ramnsesallen4375 you talking different💯
@marcosmartinez8088
@marcosmartinez8088 3 жыл бұрын
At least the 50% of the people lose the money in the first year. Usually happens because they don't prepare to invest and save the money, like a person who really become a millionaire by himself. In the case of a pro sport player, at least the could earn a millionaire salary throughout years.
@_zz.123_
@_zz.123_ 3 жыл бұрын
I respect Coleman for investing in his city and community. His heart is in the right place, but financially it wasn't a smart decision. He's a good man.
@JohnLoeffler78
@JohnLoeffler78 3 жыл бұрын
That's what I said! Everyone always saying black athletes don't giving back, and here's a stand up man that gave back to the point he jeopardized his own financial situation to see his community and surrounding communities grow. He doesn't deserve to be on here if this is about NBA stars being mindless with their money.
@justinmartin1831
@justinmartin1831 3 жыл бұрын
A lot of people thought he was a dbag but this disproves this theory.
@JohnLoeffler78
@JohnLoeffler78 3 жыл бұрын
@@justinmartin1831 Yeah, I've read he used to always fight with his teammates and curse at fans. But you know if people don't like you they'll make up stories.
@chrisjon8563
@chrisjon8563 3 жыл бұрын
Good and stupid i'm afraif
@JohnLoeffler78
@JohnLoeffler78 3 жыл бұрын
@@chrisjon8563 Ill advised, yes... Stupid, no. There's nothing "stupid" about giving back and trying to make a conscious effort to better the less fortunate, especially the less fortunate from where we come from. He was just I'll advised.
@chrismathgenius
@chrismathgenius 3 жыл бұрын
This is why I didn't fault Kobe Bryant for not giving his money to his parents or other people. These professional athletes shouldn't be viewed as ATMs.
@LeafyPeach
@LeafyPeach 3 жыл бұрын
Hell yes,he earned that money,he doesn't need to hand everything over.
@barrybshrekson864
@barrybshrekson864 3 жыл бұрын
Fax bro his parents tried to pawn all his HS stuff away so I hope they didn’t expect their bank accounts to be stuffed after he died
@DanUCMan
@DanUCMan 3 жыл бұрын
Not a good look when you're suing your parents and vice versa. Money does terrible things to people.
@pittland44
@pittland44 3 жыл бұрын
Yeah. Chauncey Billups talked about that and I totally get not burning your money, even for family or close friends.
@cristianh.5133
@cristianh.5133 3 жыл бұрын
It's definitely one of the main reasons why athletes go broke soon after they finish their careers, besides prostitutes and gambling. You grow up poor, in poor communities... You feel the responsibility to lift them up and fall into this bad habit of supporting everyone around you even when it's clear that you're not actually helping, just enabling. You're just setting yourself to be disappointed and fall into depression, which is the final nail in the financial coffin for such an athlete.
@ironwoodnf9128
@ironwoodnf9128 3 жыл бұрын
I feel you Derrick Coleman. That's a life well lived.
@tonywasikhongo7510
@tonywasikhongo7510 3 жыл бұрын
Only smart nba player. Even though his endeavours didn't plan out he at least had a good mindset
@speakloudfilmzandstudios3171
@speakloudfilmzandstudios3171 3 жыл бұрын
That’s true he from my hometown Detroit Michigan
@johnfritz7222
@johnfritz7222 3 жыл бұрын
He atleast tried to do good with his earnings, that's a man.
@djquinn11
@djquinn11 3 жыл бұрын
@@speakloudfilmzandstudios3171 Mine too.
@speakloudfilmzandstudios3171
@speakloudfilmzandstudios3171 3 жыл бұрын
@@djquinn11 💯💯🙌
@aisosaobano7038
@aisosaobano7038 3 жыл бұрын
800k per year until you die. Talk about securing the bag, that’s a crazy safe deal even if he spent a lot of his earnings. Whoever was his agent at that time, the man is a freaking legend.😂
@realniggashit3
@realniggashit3 3 жыл бұрын
He's also getting a 32 million lump sum when he turns 55 years old and will start getting his NBA pension when he turns 50. He's 45 right now.
@NewyorkRican2191
@NewyorkRican2191 3 жыл бұрын
@@realniggashit3 This is exactly what I am talking about! The whole Iverson thing is so misleading!! David Falk was his agent coming out of Georgetown and he had someone else reoresenting him who was just as good. Iverson indicated recently he learned his lesson and is solely focused on his immediate family. My boy Bubba Chuck is straight!!
@SSJ2Phenom
@SSJ2Phenom 3 жыл бұрын
@@realniggashit3 He actually started getting his NBA pension this year. It's $8,000 a month for $96,000 a year for the rest of his life. Combine that with Reebok's lifetime deal of $800k a year and right now he's making $896,000 a year. That of course isn't counting any other deals he might have made. Appearance deals, his Showtime documentary paid him well. A.I. learned his lesson and I don't think he's one of the former stars people need to worry about.
@dreamEternal
@dreamEternal 2 жыл бұрын
Yea that cracked me up, Ended up broke but for the 800K from now to forever.
@Publicenemy85
@Publicenemy85 3 жыл бұрын
Pippen made some bad investments but he’s far from broke. He’s got a mansion in LA and big summer home in Chicago. And apparently MJ got him in on some good business deals lately.
@mario10zeus
@mario10zeus 2 жыл бұрын
But that wife might make him broke someday
@willieedwards5839
@willieedwards5839 2 жыл бұрын
Jordan didn't help Pippen with anything but help him win 6 rings,otherwise SP will be very rich today.Jordan have over $2 billion to Pippen few millions.
@willieedwards5839
@willieedwards5839 2 жыл бұрын
@@mario10zeus That old woman been gone with the wind and Scottie doing just fine without her.He have a young thang in his mansion now.
@twist1ne
@twist1ne 2 жыл бұрын
Scottie is where he is (good or bad) due to his own decisions. No one else's.
@rucianapollard7098
@rucianapollard7098 Жыл бұрын
And as far as you know, he might not even have furniture
@mattipra
@mattipra 3 жыл бұрын
"Don't Blow It, Keep It Simple, Count Your Money"
@inthepaint2907
@inthepaint2907 3 жыл бұрын
100
@paulst0ne
@paulst0ne 3 жыл бұрын
Only real ones know
@YoungTCash
@YoungTCash 3 жыл бұрын
That guy was funny but you gotta make that money work for itself to make more at some point
@cookiesmack6442
@cookiesmack6442 3 жыл бұрын
Bill Burr?
@danielbrown7732
@danielbrown7732 3 жыл бұрын
Lmao
@Grandmaster_Vic
@Grandmaster_Vic 3 жыл бұрын
Lowkey this should be a learning lesson for everyone to learn how to manage their money
@solascripturaPR1517
@solascripturaPR1517 3 жыл бұрын
The kids still won't listen. Even though Tyler Herro teamed with smart financial handlers, he still spent his rookie guaranteed money on stupid liabilities (jewelry, exotic cars, clothes, etc).
@alfredzarate7322
@alfredzarate7322 3 жыл бұрын
@@solascripturaPR1517 yep. To most people living like people do in the movies is their dream but just like all dreams, you gotta wake up eventually
@alfredzarate7322
@alfredzarate7322 3 жыл бұрын
@prowlifik no, investing is good. The problem is that these people trusted family and friends to do a job that was out of their jurisdiction. Big companies like apple, google, amazon, etc are big enough to almost guarantee that you will get your money back if not more. It's better than putting your money in a bank that will slowly accumulate and if another recession happens it will be difficult to get that money back
@blowc1612
@blowc1612 2 жыл бұрын
It is they now have a financial plan programs in the league.
@blowc1612
@blowc1612 2 жыл бұрын
@@solascripturaPR1517 it’s ok to spend, you invest in order to be able to buy stuff. You gotta spend of what makes you happy after you have put money to make you money.
@286mic
@286mic 3 жыл бұрын
Derrick Coleman was the only one that deserves sympathy. The rest? Not really.
@dariogeorge8680
@dariogeorge8680 3 жыл бұрын
True
@diegoc1367
@diegoc1367 3 жыл бұрын
Maybe Walker too
@randomdude3578
@randomdude3578 3 жыл бұрын
Strickland too. He lost his money because of his family
@sergrito
@sergrito 3 жыл бұрын
Pippen was underpaid in the Bulls for a long time. He was so poor he had to take a bad deal with them. I feel for him too. The rest, just plain dumb
@286mic
@286mic 3 жыл бұрын
@@sergrito lol he wasn't so poor he took a bad deal. Wtf, where did you read that? That's completely false. He took the deal for long term security. He was already a NBA player, he wasn't making crazy money like today but he was eating dude. He wasn't being advised properly when he took the deal, Jerry Reinsdorf even told him not to do such a long term deal but Pippen insisted. That's on him.
@kawaiiunicorn8992
@kawaiiunicorn8992 3 жыл бұрын
How good was Tim Haraway an athletic point guard in his prime in the 90s.
@Leo-pq9qi
@Leo-pq9qi 3 жыл бұрын
Good
@ef692
@ef692 3 жыл бұрын
He isn't in the HOF. Damn shame. He definitely earned it for his work on the Warriors and in Miami
@ashtonphoenix3894
@ashtonphoenix3894 3 жыл бұрын
How about in general, How underrated Run TMC was....
@ef692
@ef692 3 жыл бұрын
He was selected to one 1st team all NBA, three 2nd Team all NBA, and one 3rd team all NBA. 5 Time All Star. And his UTEP 2 step cross over was deadly
@dtey6720
@dtey6720 3 жыл бұрын
@@ef692 he isn't on the hof cause he said I fucking hate gay people or sum like that
@arthurfhackingshelby9631
@arthurfhackingshelby9631 3 жыл бұрын
Friends sometimes will drag you down to the ground. If you help them they got lazy
@zacharythomason7359
@zacharythomason7359 3 жыл бұрын
So True.
@inthepaint2907
@inthepaint2907 3 жыл бұрын
@bojo perez 100%
@inthepaint2907
@inthepaint2907 3 жыл бұрын
no doubt
@scottodonnell7121
@scottodonnell7121 Жыл бұрын
And where are they when you need them?
@TrudyPatootie
@TrudyPatootie Жыл бұрын
@@scottodonnell7121 *You know that they are nowhere to be found when* *you are broke.*
@matthewbartke4424
@matthewbartke4424 3 жыл бұрын
70% of lottery winners go broke in a few years too. Finance is a skill that you need to learn and isn't commonly taught.
@stephenc2481
@stephenc2481 2 жыл бұрын
It is more about self discipline. Finance, you can get someone else to do it for you. But many don't have the discipline. They rather do whatever they want vs listening to an advisor.
@mdunlimited653
@mdunlimited653 2 жыл бұрын
NOT an accident... If ur not connected, they're coming for that $$
@precious6727
@precious6727 2 жыл бұрын
@@stephenc2481 I agree. I think it’s difficult for people who went from making nothing one day to making millions the next to realize they need to slow down and make smart financial decisions.
@zzzddd7
@zzzddd7 2 жыл бұрын
You can have all that money and still have a middle class mindset. Nix the boat, don't give out money, don't do stupid gambling dates, buy your home in full. Groceries never cost 30,000 a month, only to a fool. Ijs
@kw9377
@kw9377 3 жыл бұрын
Most get broke by child support alone.. that’s the main problem they need to address
@professionalcurrysexual9289
@professionalcurrysexual9289 3 жыл бұрын
Shawn Kemp is dialing in....
@geralt8394
@geralt8394 3 жыл бұрын
buy condoms, save millions
@chrismathgenius
@chrismathgenius 3 жыл бұрын
They need to stop sleeping around like they're immune to consequences.
@solascripturaPR1517
@solascripturaPR1517 3 жыл бұрын
True, @@chrismathgenius ; BUT, there's no way that you can convince me that a child or ex needs tens of thousands of dollars per year to "survive". There are too many stories of musicians (Dr. Dre), actors (Chris Pratt), and athletes being ruled [by the greedy family court judges] to pay such crazy amounts in support and/or alimony. Child support is a feminist, sexist, man hating, greedy, unconstitutional, illegal hustle.
@WISHBONEL7
@WISHBONEL7 3 жыл бұрын
*VASECTOMY*
@WE3LY30507
@WE3LY30507 3 жыл бұрын
Iverson forgot where he parked his car so he bought a new one 😂😂😂 i bet he looking for that shyt now
@xavierjames9270
@xavierjames9270 2 жыл бұрын
Lol wow
@tomwittner1490
@tomwittner1490 2 жыл бұрын
Somebody here in these comments said Iverson will get 32 million from Reebok in the year 2030. Reebok is smart. They know people like Iverson have a tendency to lead an irresponsible and dangerous lifestyle. They're hoping they won't have to pay him.
@thelastdracolich1237
@thelastdracolich1237 2 жыл бұрын
That is the craziest thing i heard yet. If i find it can i have it.
@bradgunabalan3317
@bradgunabalan3317 3 жыл бұрын
I lived in Detroit while A.I was playing there, and I remember routinely seeing him at the casinos in downtown, betting crazy amounts of money at the roulette table Crowds would gather and watch the poor guy
@averydarkguy5296
@averydarkguy5296 2 жыл бұрын
Lol 😆🤣😂 "poor guy"
@jackcraig4268
@jackcraig4268 2 жыл бұрын
Derrick Coleman was the only one of those eight that I would sympathize with, because he wanted to do the right things.
@blissfulhumanoid9536
@blissfulhumanoid9536 Жыл бұрын
The right thing is to help your yourself in order to be able to help someone else
@stephenc2481
@stephenc2481 8 ай бұрын
he did the "wrong" thing. He proved that, you can't help people who don't help themselves.
@sids3479
@sids3479 3 жыл бұрын
Andy, Allen Iverson will get 32 million dollars, in 2030 from Reebok. they made a trust fund for him when he was still playing.
@nikolaigriggs4060
@nikolaigriggs4060 3 жыл бұрын
No money is enough for those who dont know how to manage it. Have a financial plan, kids.
@JM1992
@JM1992 3 жыл бұрын
That good for him
@hmoobmeeka
@hmoobmeeka 3 жыл бұрын
The way Iverson spends money, he'll be broke within a year
@tomstorm7926
@tomstorm7926 3 жыл бұрын
Hopefully he’ll be older and wiser and don’t blow it
@onedropmtg6038
@onedropmtg6038 3 жыл бұрын
hmoobmeeka and then get more than most people make in 26 years the next year. That ain’t really broke.
@anthonystreat5558
@anthonystreat5558 3 жыл бұрын
How do you get sued for 200 million “walking away from family”?
@theadmiral460
@theadmiral460 3 жыл бұрын
I wouldnt want to be part of a "family" that would sue me for 200 millie anyway
@JohnnytNatural
@JohnnytNatural 3 жыл бұрын
@@theadmiral460 you have to get a divorce to leave your wife and kids else a lawsuit is waiting for you
@Fezziekid
@Fezziekid 3 жыл бұрын
You didn't mention that Pippen accepted a low salary to ensure a long contact that could support his family, two of whom were seriously disabled. When you take that into account and that he probably resold that plane for quite a lot of money, his story isn't really as remarkable
@sfmchris123
@sfmchris123 3 жыл бұрын
Yea I actually put him up w Derrick Coleman for kind of getting the shit end of the deal. He had good intentions and just got screwed.
@dadillonful
@dadillonful Жыл бұрын
Mj ruined pippens career
@ItsDatCajunStuff
@ItsDatCajunStuff 3 жыл бұрын
Sounds like Iverson's entourage were happy to help around the house by taking the "trash" out.
@chainsaul4628
@chainsaul4628 3 жыл бұрын
The only real trash at the house was iverson. Knew him well here in Va. where he grew up. Always so arrogant. 100% THUG.
@lexbeltran1354
@lexbeltran1354 3 жыл бұрын
His entourage were all leeches
@manman0512
@manman0512 3 жыл бұрын
Imagine going broke as a ex NBA player.
@bobbysflyinghat3722
@bobbysflyinghat3722 3 жыл бұрын
You mean star nba player
@stickyfingaz7753
@stickyfingaz7753 3 жыл бұрын
Well since you have never been in the nba you can’t say you wouldn’t either.
@chrisb.5351
@chrisb.5351 3 жыл бұрын
I dont like to judge people when i havent been in the same situation but how the fuck do you squander multiple millions? Im able to save making waaaaaaay less than these dudes so i don’t understand it at all
@stickyfingaz7753
@stickyfingaz7753 3 жыл бұрын
@@chrisb.5351 yeah but most were just tryna help out their families but I understand what you mean. But you never know, you might be the one that could squander millions of dollars also.
@charlesandrecuadra8569
@charlesandrecuadra8569 3 жыл бұрын
Still you'll never know until you had that amount of fortune. Temptations in less money is very different if you have a lot of money.
@SmoothCriminal12
@SmoothCriminal12 3 жыл бұрын
I work at Walmart, and I make less than what Iverson spends on clothes, restaurants and groceries.... Yikes
@zacharythomason7359
@zacharythomason7359 3 жыл бұрын
Damn
@olurominiyiibitayo5473
@olurominiyiibitayo5473 3 жыл бұрын
@smooth this is not about you.
@coleredmond8459
@coleredmond8459 3 жыл бұрын
@@olurominiyiibitayo5473 he was just pointing out how ridiculous Iverson going broke is and how crazy his spending is.
@hermanrogers1325
@hermanrogers1325 3 жыл бұрын
I made less than what he dropped in the strip joint
@SethKasso
@SethKasso 3 жыл бұрын
I remember hearing one NFL HOFer had a rule to prevent this from happening: Everybody gets one and only one chance to ask for money. Make it count.
@RogueReplicant
@RogueReplicant 3 жыл бұрын
That's a stupid rule. "Give me *all* your money. The end".
@stephenc2481
@stephenc2481 2 жыл бұрын
10 millions, please.
@rucianapollard7098
@rucianapollard7098 Жыл бұрын
I absolutely agree with that!!!
@d_all_in
@d_all_in 11 ай бұрын
I'd just break everyone off with something one time and that's it
@CaptainConditor
@CaptainConditor 3 жыл бұрын
"Damn I forgot where I parked my car!" "You wanna look for it together?" "Nah, screw it. Imma go buy a Lamborghini around the corner brb." Hillarious 😂😂😂
@matthewbartke4424
@matthewbartke4424 3 жыл бұрын
Inaccurate. "Wait, I have to go home first and pick up a garbage bag of singles."
@simple45679
@simple45679 3 жыл бұрын
whoever found that car and stole it... got it for free
@ruddysantana1108
@ruddysantana1108 3 жыл бұрын
And stupid
@sfmchris123
@sfmchris123 3 жыл бұрын
@@matthewbartke4424 hahahahahhahahahshshs
@davincerica7232
@davincerica7232 3 жыл бұрын
Let's be honest, you have to be really stupid to lose that kind of money
@hectorandem2944
@hectorandem2944 3 жыл бұрын
No cap. ❌🧢
@sikecar534
@sikecar534 3 жыл бұрын
Not really. Wrong investments, buying whole bunch of real-estates, not counting on taxes..... And most of them think that they'll play for ever.
@allyespinoza3083
@allyespinoza3083 3 жыл бұрын
Shaq, that guy who invest in wendys and ofc mj are perfect example of being smart in managing multi million nba money. Or even billion since im talking about mj
@rowdywolfy7831
@rowdywolfy7831 3 жыл бұрын
@@allyespinoza3083 that’s why MJ is the Goat
@user-yd5uk8zf2p
@user-yd5uk8zf2p 3 жыл бұрын
is what broke people say lol
@Spaghettineck
@Spaghettineck 3 жыл бұрын
Shout out Derrick Coleman. That’s the realest shit I ever heard
@stephenc2481
@stephenc2481 2 жыл бұрын
Trying to do good is a noble thing. But trying to revitalizing Detroit was a tall task, even the city gov't, itself, failed at it. One person is a sure failure.
@joes.2331
@joes.2331 3 жыл бұрын
Imagine being somewhat famous but completely broke
@lkrmqr
@lkrmqr 3 жыл бұрын
3:03 thought that was Kemba. Lol
@TheLifeofKam99
@TheLifeofKam99 3 жыл бұрын
So basically athletes should do the following 1. Live below their means during their career 2. Don’t mix business with friends or family 3. Don’t take care of or help anyone financially if they’re not your wife or kids 4. Don’t have children out of wedlock 5. Don’t invest in anything that won’t make you money even if it’s for a good cause.
@mr.washington1397
@mr.washington1397 3 жыл бұрын
Great information
@iwishiwasthomasshelby
@iwishiwasthomasshelby 2 жыл бұрын
If AI would have invested $10mil in gold in 2001, he would have $66mil right now.
@rucianapollard7098
@rucianapollard7098 Жыл бұрын
That's good advice for anybody, not just professional athletes
@benn255b3
@benn255b3 3 жыл бұрын
Damn that child support and take anyone down, those mamas are balling but no one ever hears from the kids again.
@ethanma3916
@ethanma3916 3 жыл бұрын
lots of pro athletes go broke quickly after retiring because they hadn't learned how to manage it during their playing career, and jumped into bad third party contracts or are scammed millions of dollars. this could also be because they started bad habits during their career, like gambling
@largol33t1
@largol33t1 2 жыл бұрын
Don't forget that some start getting into drugs and have so many kids that one or two can't remember which child he had with what woman...
@BigDawgBoobie
@BigDawgBoobie 3 жыл бұрын
Where is delonte West on this list. He went so broke to the point where the NBA reached out to help him. He has a net worth of 1,000 dollars as of October 2020
@hyejoo5244
@hyejoo5244 3 жыл бұрын
Everyone knows west is broke
@DontFearTheReeper24
@DontFearTheReeper24 3 жыл бұрын
Before even watching this I wanna say: Latrell "Choked his Coach then went Broke" Sprewell.
@willieedwards5839
@willieedwards5839 2 жыл бұрын
Latrell should have took that 21 million
@GhostVZ
@GhostVZ 3 жыл бұрын
Dude really bought a new car cause he couldn’t remember where he parked it 🤦‍♂️ then you wonder why your money is going 📉📉
@sebastiancovac7879
@sebastiancovac7879 2 жыл бұрын
theres an abandoned bentley parked out there and nobody's picking it up....
@DBomber_24
@DBomber_24 3 жыл бұрын
respect and love for Derrick Coleman. Hope he will succeed in his plans soon.
@muhammadfarhan581
@muhammadfarhan581 3 жыл бұрын
Shaq, that guy who invest in wendys and ofc mj are perfect example of being smart in managing multi million nba money. Or even billion since im talking about mj
@simpleguy2208
@simpleguy2208 3 жыл бұрын
@Grammar Police - yeap shaq learned the hard way also before that doctorate he spend 1 million in 1day I think but gladly for him he wise up and got that undergraduate degree for business
@tobznoobs
@tobznoobs 3 жыл бұрын
he even has cheap footwear for kids to play bball. he has sold millions of it,
@Otto910
@Otto910 3 жыл бұрын
Shaq and MJ are bad examples for this. They were so good and popular that they still made money through endorsements after their careers. It is the average NBA player, whose income completely stops after his retirement, that gets himself into financial troubles.
@raptorfromthe6ix833
@raptorfromthe6ix833 3 жыл бұрын
i remmeber that video wasnt the the richest nba player
@olurominiyiibitayo5473
@olurominiyiibitayo5473 3 жыл бұрын
@Grammar Police - is this why shaq invested wisely? How about Hakeem and many others without a bachelor's degree?
@maxstarn3299
@maxstarn3299 3 жыл бұрын
Never noticed how much antawn Walker looks like Shaq and I can’t I see it now
@FlyingV555
@FlyingV555 3 жыл бұрын
They have the same head shape
@ukog6048
@ukog6048 2 жыл бұрын
And i'm confused why Derrick Coleman didn't become the Mayor that guy sacrificed his money for others... Such a nice man❤️😭
@BobHank2
@BobHank2 Жыл бұрын
True that! What more does a human have to do to prove he's trustworthy. Kwame Kilpstrick? 🤮
@TrudyPatootie
@TrudyPatootie Жыл бұрын
*Detroit Political Arena full of corrupt individuals that went to prison. He was* *too honest and honorable to run. He wouldn't have accepted pay off, skimming* *or bribes...They would have killed him off.*
@kenneyp.9456
@kenneyp.9456 3 жыл бұрын
Most of them go broke because of the family guilt trap.
@theadmiral460
@theadmiral460 3 жыл бұрын
faimly guilt trap ruins lives in so many ways..i know grown ass men who wont go against what their mom & dad wants them to do even at the detriment of not being able to live their own lives doing what THEY want
@olurominiyiibitayo5473
@olurominiyiibitayo5473 3 жыл бұрын
Many, many, many other reasons.
@stephenc2481
@stephenc2481 2 жыл бұрын
and too many children from different women.
@thedukeofbellington8898
@thedukeofbellington8898 2 жыл бұрын
Well.....first of all you know you got to buy moma a house, then you got to buy your girlfriend that new car....Uncle Joe called for a loan....your sister and brothers......
@j.shearer1958
@j.shearer1958 2 жыл бұрын
An old saying..."A fool and his money are soon parted."
@PhillipCummingsUSA
@PhillipCummingsUSA 3 жыл бұрын
If Allen Iversion earning $800K a month could easily turn into even more money then he earned in the NBA with good planning. I'm glad he has that saftey net and isn't going to end up homeless nonetheless.
@bigboytwos
@bigboytwos 2 жыл бұрын
facts hes prolly not as rich as other players who were smart, but still most definetly lives in a nice house and he also is getting 32 million when in 2030. he'll be good
@fidelsolis6070
@fidelsolis6070 2 жыл бұрын
He's cool but he has to manage his money or also do small investments.
@orabera
@orabera 2 жыл бұрын
$800k a year, not per month.
@raya5090
@raya5090 3 жыл бұрын
Out of all of them, Coleman was the best. Also I'm not surprised that the old little boy would've been #1
@utubebroadcaster
@utubebroadcaster 3 жыл бұрын
Rodman making a ton of cash from North Korea and also Cameo now!
@savedbythebarz2887
@savedbythebarz2887 3 жыл бұрын
What? Allen iverson can't find his car and instead bought a new one instead of searching for it? Lol
@howellwong11
@howellwong11 3 жыл бұрын
He just wanted an excuse to buy a new car.
@brentyap1920
@brentyap1920 3 жыл бұрын
Good on Derrick Coleman. Hope the big fella still found happiness living his life enrich by his charity. God bless him!
@pzooka
@pzooka 3 жыл бұрын
Damn bro you really gotta feel for Coleman, he was just trying to do the right thing.
@michaelgalligan1187
@michaelgalligan1187 3 жыл бұрын
A lot of Scottie Pippen’s peers aren’t retired. Michael Jordan is the majority owner of the Hornets, Patrick Ewing is the head coach of Georgetown’s men’s basketball team, and Reggie Miller, Kenny Smith, and Charles Barkley have telivision careers.
@NewyorkRican2191
@NewyorkRican2191 3 жыл бұрын
The Allen Iverson one is a bit misleading. A very close friend and business associated of his put a lot of Iverson money in a Trust Fund where he can't touch it until 50/60's which was smart of him. The narrator is right, Iverson has a life time contract with Reebok for 800 per year. However, besides his 800k, he also gets a percent for his Sneaker and appeal wear. Iverson is still an icon overseas especially in the Far East where they rep his jersey, sneakers, etc. So, yes, Iverson may have lost moneh, but the dude is still earning way more $$$ then everyone on that list and is resting his head comfortably along with his family.
@eamparbeng
@eamparbeng 3 жыл бұрын
This video is a perfect example of how you don't become wealthy based on how much money whatever profession you're in makes you alone, but also on how well you understand how money works.
@billg7813
@billg7813 2 жыл бұрын
A lot of people never learn financial management. As I listen to the stories about these guys, I can’t help but wonder if I would have done any better than them if I had come into millions when I was just starting out
@Elias_Barbieri
@Elias_Barbieri 3 жыл бұрын
I really thought he would talk about Delonte West. That man is basically pan handling
@chengliu872
@chengliu872 3 жыл бұрын
I remember I saw a bar graph once that showed percentage of players going broke by league. The NBA and NFL was well over 50%. The MLB was a very distant 3rd with something like 5% and the NHL was so low that it was not visible on that graph.
@one-eye1721
@one-eye1721 3 жыл бұрын
Most MLB players don't sign those huge multi-million dollar contracts until they're in their mid-to-late 20s. They spend the first chunk of their careers making next to nothing, so they learn a lot more about the necessity of saving money than other sports. NBA and NFL players get millions shovelled to them the moment they're drafted. That messes people's heads up.
@sebastiancovac7879
@sebastiancovac7879 2 жыл бұрын
many nba/nfl players come from poor backgrounds and overnight become extremely rich. this leads to bad money management.
@Lightningslick
@Lightningslick Жыл бұрын
Notice how the NBA and NFL, overwhelmingly black, go broke, while the NHL and MLB, overwhelmingly white, are much more stable. In addition, black professional athletes are notorious for jewelry, high-stakes gambling, women, and baby-mommas, sorry to say.
@chengliu872
@chengliu872 Жыл бұрын
@@Lightningslick: I would hesitate to call the MLB overwhelmingly white. There are plenty of black and Hispanic people as well.
@ineedc3477
@ineedc3477 Жыл бұрын
What about MLS?
@orabera
@orabera 2 жыл бұрын
Allen Iverson: "Practice, don't need no practice" Also Allen Iverson: "Brains, don't need no brains."
@crashbandicoot5636
@crashbandicoot5636 3 жыл бұрын
Interesting topic, would love more of these!
@pauljohn0001
@pauljohn0001 3 жыл бұрын
You know they broke when there on espn lol
@jiahaolin6392
@jiahaolin6392 3 жыл бұрын
Let's be honest, you have to be really stupid to lose that kind of money
@alvin081988
@alvin081988 3 жыл бұрын
You should also do Athletes who are doing well After NBA like Jamal Mashburn or Vin Baker....I heard they are businessman now
@squidillion7299
@squidillion7299 3 жыл бұрын
al harrington too, he got a weed company
@agraves555
@agraves555 3 жыл бұрын
Pretty sure, not 100%, but seem to remember hearing that Vin Baker is a Starbucks employee. Not a franchise owner, or regional manager... nothing upper level. Like a barista.
@Lightningslick
@Lightningslick Жыл бұрын
Jr. Bridgeman is killing them, along with Dave Winfield.
@spurguvitunhuora9119
@spurguvitunhuora9119 3 жыл бұрын
Im thinking of making friends while playing in NBA team, where everyone are millionares and under 30. The one guy who puts his money on Wendys, seems like the boringest guy who is never associate with. Shoutout to every stripper in Houston whose kids get through colloge thanks to James Harden.
@zacharythomason7359
@zacharythomason7359 3 жыл бұрын
That's Awesome
@Rezenave01
@Rezenave01 3 жыл бұрын
The last part of your comment 😂😂😂
@kostasantetokounmpo300
@kostasantetokounmpo300 3 жыл бұрын
@bojo perez Harden always goes to the strip club
@benn255b3
@benn255b3 3 жыл бұрын
@@kostasantetokounmpo300 before he was in Houston you could find pictures of KD, Harden and Westbrook with a bunch of strippers. I've tried so hard but I can't find those pictures anymore lol
@kostasantetokounmpo300
@kostasantetokounmpo300 3 жыл бұрын
@@benn255b3 you can find a picture after he lost in the 2017 playoffs
@RN-rc8rc
@RN-rc8rc 3 жыл бұрын
Damn bruh they earn millions and loose all of it due to their actions
@kurtmagnus5243
@kurtmagnus5243 3 жыл бұрын
It’s so funny how these guys made millions and went broke but a person who earns $30,000 a year manages their money wisely
@rabbitsfoot8
@rabbitsfoot8 3 жыл бұрын
If you gave me 1 million dollars right now at the age of 46 if I lived to be 86 I'd still be a millionaire. I have no idea how these guys lose all that money
@franciscoroxas3679
@franciscoroxas3679 2 жыл бұрын
Gambling and drugs ?
@rabbitsfoot8
@rabbitsfoot8 2 жыл бұрын
@@franciscoroxas3679 gambling i could see maybe...but bro...how much drugs could 1 person do to blow that kinda cash
@franciscoroxas3679
@franciscoroxas3679 2 жыл бұрын
@@rabbitsfoot8 drugs can sabotage one's judgment, maybe ?
@rabbitsfoot8
@rabbitsfoot8 2 жыл бұрын
@@franciscoroxas3679 that's good point..guess a bunch of bad decisions fueled by drug use could do it
@alinxitalien3209
@alinxitalien3209 2 жыл бұрын
Great job there , really enjoy it. Thanks
@mesmerizebyjessicas
@mesmerizebyjessicas 3 жыл бұрын
The NBA league should provide some type of financial management training class for these young athletes that they love recruiting even if money management excluded at signing.
@gregoryeverson741
@gregoryeverson741 3 жыл бұрын
that is why you go to college
@marcosmartinez8088
@marcosmartinez8088 3 жыл бұрын
The NBPA and the NBA should create a financial menthorship to the players and former players. It's s shame the players nowdays are fighting to get more money and getting what they want, but they don't fight to secure the finances of the players when they got paid, specially collaborate with the retired players. Those stats about the bankruptcy should be less, specially if they the salary cap would still increasing.
@zacharythomason7359
@zacharythomason7359 3 жыл бұрын
3000% agree
@advithvashist9889
@advithvashist9889 3 жыл бұрын
@@zacharythomason7359 I think that already exists, NBA players are getting smarter w money. Look at all the gsw players investing in tech
@JimmyDee12
@JimmyDee12 3 жыл бұрын
Jewelry is such a waste lmao & I'll take 800k a year for life lmaoo.
@judahmarcus4862
@judahmarcus4862 3 жыл бұрын
Very interesting topic and Great video as always. Keep it up!!!
@richjebs4605
@richjebs4605 3 жыл бұрын
Wow to be a friend of Antoine Walker back when he was rich lol
@DMB.24
@DMB.24 3 жыл бұрын
Another great vid Andy, keep em coming 🔥 and heavy!
@mabalyam765
@mabalyam765 3 жыл бұрын
Rodman is the most predictable of them all. Coleman’s heart was in the right place but the place he put his heart on couldn’t return the love back because of poverty.
@vygintasarys7492
@vygintasarys7492 3 жыл бұрын
Me: mom can we get shaq? Mom:we have shaq at home Shaq at home : 0:58
@hmrhuang
@hmrhuang 3 жыл бұрын
"You can live like a King for a day, or like a Prince forever..."
@bannebigfoot48
@bannebigfoot48 3 жыл бұрын
Some of the most overpaid and some of rudest individuals
@cruzmizzl
@cruzmizzl 3 жыл бұрын
... and the "No Tippin' Pippen'' legend was born.
@danielvasquez3758
@danielvasquez3758 3 жыл бұрын
This is a lesson for all you out there, if it could happen to them, it could happen to you too.
@zacharythomason7359
@zacharythomason7359 3 жыл бұрын
So True
@grindhardsportsnation
@grindhardsportsnation 3 жыл бұрын
LeBron wouldn't have let Pippen go broke like that
@underpressure07140
@underpressure07140 3 жыл бұрын
Then Lebron might be the one ending up broke
@graceoconnor9701
@graceoconnor9701 3 жыл бұрын
Thanks for this posting
@stevenpaster2195
@stevenpaster2195 3 жыл бұрын
Andy always coming wit dat heat. Love your vids bro.
@chainsaul4628
@chainsaul4628 3 жыл бұрын
is 'wit dat " just thug trash slang for "with that"? Or are you really that uneducated?
@nycempirestate4689
@nycempirestate4689 3 жыл бұрын
“I’d rather buy 80 gold chains and go ignant...”
@mellmuber1974
@mellmuber1974 3 жыл бұрын
Summary: if you forget where is your car buy a new one
@slanderman3296
@slanderman3296 3 жыл бұрын
You should do what are nba player who lost their money up to now. Like is sprewell working at Walmart? If so, let me get an autograph
@bobbywhitney6262
@bobbywhitney6262 3 жыл бұрын
I would like to see professional sporting organizations teaching these young men and women about the power of money. The problem is Financial maturity… When you give a 19, 20, 21 year old that kind of financial wealth the first thing they're going to do is spend every penny of it and not know how to invest their money or save their money and stay away from the greedy gold digging people that wants to take it away from them. ESPN done a documentary for their 30 to 30 series called "broke" and it was a very good documentary dealing with the lavish lifestyles that many professional athletes go through. And dealing with all the things that athletes spend their money on. If you haven't seen the documentary please it is a must watch and it's probably on KZbin bits and pieces of it.
@jadprinz482
@jadprinz482 3 жыл бұрын
Scottie Pippen bought a 4 million dollar private jet that didn’t even work. 😭
@StephenWong14
@StephenWong14 3 жыл бұрын
Pippen is still doing fine. Just watched a video of Pippen's home. Still got a nice big mansion.
@akeme25
@akeme25 3 жыл бұрын
@bongo155 Yeah Pippen was able to bounce back from his struggles
@justintimeplaya4
@justintimeplaya4 3 жыл бұрын
Just not the wife struggling lol
@stephenc2481
@stephenc2481 2 жыл бұрын
I don't get why the court would force these players to pay a ridiculous amount for the ex-wife's monthly expense. $90k/month or more.
@vi3tbwoi
@vi3tbwoi 3 жыл бұрын
As somone who doesnt play sports on any proffesional level i always think to myself 'mann that must be nice to even get a 3-5 million dollar contract and if i got injured i still be able to retire....i wouldnt live the most lavish lifestyle but i could definitely be comfortable the rest of my life
@claudettesmallwood5163
@claudettesmallwood5163 3 жыл бұрын
Very interesting,informative and should be a wake-up call for new players. Wow!!!
@Alayub3
@Alayub3 3 жыл бұрын
Dude, where’s my car?
@dice581
@dice581 3 жыл бұрын
Mo money,mo problems - notorious B.I.G.
@RogueReplicant
@RogueReplicant 3 жыл бұрын
Spoken like a true moron. Smart people: Mo money, fewer and less severe problems.
@booblam6919
@booblam6919 3 жыл бұрын
Dont focus on who went broke.....be very thankful for life....greetings from Jamaica....LIFE
@teamkayos01
@teamkayos01 3 жыл бұрын
Great video Andy
@SensibleMax
@SensibleMax 3 жыл бұрын
"Dude, where's my car?" movie would end fast if AI made a cameo 😅😅
@matjazpopit9066
@matjazpopit9066 3 жыл бұрын
Great video. I expected to see Delonte West here also.
@cswang2136
@cswang2136 2 жыл бұрын
For an undrafted player to live out his dream and then lose everything ?That’s gotta hurt.😂
@johnhenne942
@johnhenne942 3 жыл бұрын
What about Vin Baker, the world famous Starbucks barista
@ExphazedGames
@ExphazedGames 3 жыл бұрын
I don’t think pip being on espn is an L Andy he gets paid mad bred to talk and stay in the spotlight. He prob wants the spotlight he just had a cribs video on KZbin recently showing his huge mansion we both would wish to own
@inthepaint2907
@inthepaint2907 3 жыл бұрын
Agreed
@csilla3085
@csilla3085 3 жыл бұрын
ESPN pays about 8 million per year for Stephen A., so if Scottie gets even a quarter of it, he's rich.
@zacharythomason7359
@zacharythomason7359 3 жыл бұрын
Same F'n Here
@thomashenderson5585
@thomashenderson5585 3 жыл бұрын
At least Derek was trying 2 do good things in Detroit. I think if he invested in a restaurant or a laundromat, he would've been able 2 rebuild Motown City. 1 business at time.
@stephenc2481
@stephenc2481 2 жыл бұрын
Lost cause. The city couldn't do it. How can one man.
@johnthelegalamerican508
@johnthelegalamerican508 2 жыл бұрын
I cant say that I feel any pity for any of them... They are adults that had all the opportunity that others with much less have but the ones that have less make do with what they have...Actually I enjoyed their suffering and their situation....
@theCajonwarrior
@theCajonwarrior 3 жыл бұрын
Shawn Kemp went bankrupt too
@The1980Philip
@The1980Philip 2 жыл бұрын
Coleman reminds me of Bruce Wayne in The Dark Night Rises. He tried to do something to benefit the city, but it ended up backfiring.
@steveirungu3132
@steveirungu3132 3 жыл бұрын
I choose Jesus I choose to play clean so help me God Amen by Steve Irungu Jermaine
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