DUMBEST Ways NBA Players Went Completely BROKE!

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As crazy as it may sound, it is not uncommon to see rich nba players go completely broke after a few years after retiring. With hefty paychecks, nba players have the possibilites to live lives of extreme luxury, wealth and freedom. However, many, due to bad decisions end up going broke and losing all the millions they earned throughout their careers. In this video, we go over the nba players that managed to blow their wealth in the dumbest ways possible.
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#nbaplayers #nba #nbastars #millionairepost

[@MillionairePost]

Learn How To Drive Your Dream Car For Free 👉bit.ly/DreamCarHacks

[@primeup6955]

@16:22😂..that's the Larry Johnson that used to play for the Kansas City Chiefs.

[@paulpierre4895]

Ai..pippen bless their heart 😅😊..

[@stephengreerii7296]

Property taxes

[@coolieward3255]

Why do these dudes have mortgages & car notes instead of just buying their houses & cars straight up!!!

[@kupidzheart]

this was my question also. i would buy one or two cheap homes and chill

[@lead_guitarist9489]

They still need good credit

[@albertoalmeida3424]

Reading the comments here, it seems the US government gets almost half of their money right away.

[@lead_guitarist9489]

@@albertoalmeida3424 YEA pretty much,while corparations pay anywhere from 0 to 10% thanks to trump

[@Bigmojojo]

​@@albertoalmeida3424 no it doesn't, the highest federal tax rate is 39%. Learn how to use Google

[@drestathagangsta8880]

Larry Johnson might not deserve to be on this list. I wanna say I heard a story where either Larry's ex-wife or one of his babymamas claimed that he actually wasn't broke. She claimed that he allegedly hid $20 million and claimed bankruptcy so she couldn't go after his finances or assets.

[@mahbramah]

Sounds like Larry didn't think she deserved his hard earned money. Raise the child, and forget it's greedy mother. Larry, Larry, Larry....

[@geraldpatterson2465]

Over Seas account family😎💯

[@drestathagangsta8880]

@@geraldpatterson2465 Yessir!!!

[@stephenc2481]

everyone before Mookie doesn't belong in the "dumbest" category. they wanted to do right, but got ripped off by friends and failed investments.

[@Bigmojojo]

​@mahbramah if he doesn't want to pay child support then don't have so many damn kids with different women. I don't feel sorry for him at all.

[@Swahili1]

I think "DON'T INVESTIN REAL ESTATE" banner should be included in the drafts lol😂

[@Joktan137]

@14:12 I believe you mixed up your Kenny's K.Smith 🤣🤣🤣🤣😂😂🤣🤣

[@KNByam]

lol

[@jonathantaone7363]

What’s crazy is that Baker, Rice, Kemp, LJ, Antoine and Spreewell were stars and all-stars of the 90’s early 00’s in their primes. In today’s NBA money they would be max contract players easily which means $150-250 million extensions?

[@DanRaidersWarriorsSharksGiants]

The tradeoff was things cost a lot less at the time of their prime though.

[@89five3five]

The rule a billionaire told Shaq to follow. Don’t touch 75% of your earnings. You can ball out on 25%… but that’s done… you are done.

[@3Dimensional3]

Absolute facts bro

[@drestathagangsta8880]

Shaq actually spent none of his NBA money. He made so much off his endorsements that he didn't need to.

[@MickLoud999]

I like Shaq stories. Like the one when he moved to Phoenix. He couldn't wait for his stuff to arrive. He goes to Walmart and spends $70k on furniture and clothes etc. His card gets DECLINED?!?! He calls the CC company and they tell him someone musta stole his card. He says you mean the 70k that was spent at Walmart. That's me you dummies!!!

[@JarvisYoung-xs1te]

I wished the heavenly father would have given me a chance to be with a women of value! I was a very successful business owner in the Carolinas! Truly if God would of send me a strong woman I would of had a much better life financially! It's all what God does as far as a strong faithful Wife! I was in business 4 decades but didn't have the right wife to build with!

[@duranmendez6360]

Just like Michael Jordan instead of taking all that money from Nike he took stock options which made him and Charles Barkley and other athletes in the 90s that sign with Nike riches f*** to this day that's why Charles Barkley says I'll never be broke thanks to Michael Jordan

[@lead_guitarist9489]

Shaq once said when he gotten that 100 million deal ,people don't realize that players pay a50% tax rate, now take 10-15% for your agent, that leaves them with ruffly 35% left out of that 100 million dollar contract.

[@drestathagangsta8880]

Agents only receive 4% of all NBA contracts. It's part of the league's collective bargaining agreement.

[@lead_guitarist9489]

@drestathagangsta8880 it's actually anywhere from 4 to 15% on their playing contract and 10 to 20 % of the endorsement contract

[@bluesky7333]

The highest tax rate is 39.6%.

[@lead_guitarist9489]

@bluesky7333 ok, shaq made that statement when he played for the heat , so the tax rate would probably have been different then. Maybe .

[@bluesky7333]

@@lead_guitarist9489 Yeah. Fed max rate is 39.6%, and he lives in Florida so no state income tax.

[@isiahgatson7409]

All they got to do is just save all they checks and live normal lives

[@screenwriterjohn]

Lifestyle creep. If you become an NBA star, you have to live like one. Also if you have a bunch of kids, you have to pay child support to all of them. Every kid is several thousand dollars a month. Some groupies trick men into fatherhood--that's true.

[@bigphat200]

Some do. some don't. Their young,. Healthy and Rich. There are a lot of rich old men today who went bankrupt multiple times before reaching true wealth

[@edgarmasmela]

Llp

[@edgarmasmela]

@@bigphat200 p

[@Derrian-gq4zq]

Save. ALL of their checks? ALL?

[@jacqueswaller4072]

JA MORANT SHOULD WATCH & LISTEN TO THIS 🤔🤨🏀

[@Pissgremlin5964]

He won't

[@corykulenski3974]

Bro I was just about to say that. 💪💪

[@jamesdelaney3797]

No he don't listen to anyone

[@terrimitchell5236]

They marry them gold diggers that's how they lose their money.

[@alanai1981]

THEY ARE RECKLESS WITH THEIR PEENS. THATS HOW THEY LOSE THEIR MONEY.

[@johncane2304]

Don't play with beauty they are cunning.

[@okodi]

Don't blindly listen to friends and family, don't get greedy, invest in capitol. Don't leave houses on mortgage when you can flat out pay.

[@rucianapollard4057]

Don't spend thousands every weekend on strippers and don't get these gold digging hoes pregnant and spend tens of thousands of dollars a month on child support!!

[@justicedemocrat9357]

Yes, mommy.

[@RomeGod177]

Big DO NOTs when having money. Do not trust families, friends, and single individuals. Always have a Reliable N trusted firm to help handle your money. Do you own homework.

[@ChristIsK1ng]

Just as long as that firm isn’t a life insurance company. They will sell these athletes whole life insurance. That’s worst than marrying a gold digger.

[@carltonbanks2865]

You forgot one key ingredient, and no disrespect, but women, tricking. Come on now as well as drugs and gambling...

[@llorenstorrespr4409]

Family is the worst to begin with.

[@pakyo6986]

like yours right??

[@farajidunson656]

You have it all figured out...another know it all, perfect decision maker

[@douglasjones2570]

Thanks for posting this!

[@1968dogg]

He should have lived in a micro doghouse---literally.

[@mongoslade277]

Never heard of Antoine Walker having a gambling problem but I remember him being called a Slumlord in Chicago. That ate up a lot of his money. Think one of those famous "superhead" tricks got him too

[@drestathagangsta8880]

He was gambling buddies with Michael Jordan. They would go to Vegas and play huge hands at the card tables. Only difference was Jordan could afford to cover his losses since he had a lifetime Nike contract and shoe brand paying him millions. Antoine only had his NBA income that he was blowing through. Antoine spoke on this on one of those ESPN shows like Outside the Lines.

[@drestathagangsta8880]

And it was Evelyn Lozada from that ratchet Basketball Wives show who was burning up his pockets as well. They were engaged, but she was a known jersey chaser and gold digger.

[@mongoslade277]

@@drestathagangsta8880 RIGHT. She got Ochocinco too

[@drestathagangsta8880]

@@mongoslade277 Sure did.

[@GodBlessGodBless1227]

We stress about student debt but could you imagine being millions in debt? Sheesh.

[@joshuadixon5767]

Ikt my student loan was 40k I paid 6months after not finish college yet to become a CRNA 😔

[@superlitfella]

Millions in debt after earning millions is similar to being thousands in debt when you going to earn thousands

[@therabbitswhisper]

I will never understand why million dollar salaries are a thing for playing sports. And its apparent, money doesn't make you smarter...

[@jidowu6019]

Because you fans are willing to shell out hundreds and even thousands of dollars in tickets, merchandise, concessions, etc. I’ve heard of ppl dipping into their life savings and retirement to buy season tickets.

[@jidowu6019]

Furthermore, you’re willing to spend your entire day watching NFL and several evenings a week watching NBA/MLB. That’s why.

[@poindextertunes]

same reason some actors get paid millions for 3 months of work. they sell tickets

[@therabbitswhisper]

I understand...

[@andyc6542]

There's money in sports, that's why. Tickets, sponsorship deals, TV deals, merchandise...If the money wasn't in the sport, those players wouldn't be getting paid what they do. It's because the money IS there that they get paid what they do.

[@LaughingLaughs88]

Millionaire post. You should create a video about zion williams. Allegedly he’s dealing with a lot of baby mamas and child support. Smh

[@IamEddieLee]

The name's SPREE-well, not Sprool. SPREE-well.

[@mile215]

I was just about to head to the comments and say this who the helll is spruel😂

[@markieffmorris9263]

The robot also called it Dukes University

[@markieffmorris9263]

The robot also called it Dukes University

[@kevintamas7164]

I remember when Latrell Sproowall played together with Patrick Chewing and Allen Hu-stone for the Noo Jark Cnix.

[@poindextertunes]

😂

[@timoaksproductions]

Mane what ? That ain't they names

[@shayearl2369]

Damn. Scottie pipen can’t catch a break. Lost money and his wife

[@sludge8506]

But he’s got a new book out.

[@Chris-ev5ok]

Jordan's son is dating his wife, now. Bruh...

[@Bigmojojo]

It's not like Pippen was faithful to his wife to begin with

[@sidmichael1158]

Lost his son too

[@theghettotraveler347]

Maybe im just dumb or maybe im just to broke to understand ppl with money. Like how do u make excessive amount of money and really dont own anything. How is it that ppl like spreewell have a mortgage lol or a note on a yacht smh. Sad sad sad. My brothers gotta learn to educate so they know how to subjugate those wild senseless spending desires.

[@Bane35755]

These ball players had to feed their family. They also had Greed cousins, uncle, friends, nephews,..ect. you be surprised the number of people asking for money.

[@drestathagangsta8880]

That's why Chris Bosh said he never wanted to play for any NBA teams in or near his hometown of Dallas. He said he would be too close to multiple family members always begging him for money.

[@matthewdurkee5673]

Do the teams or the NBA offer financial advisors for players? It looks like a lot of these players would have done amazing in the market and been very wealthy With just basic investments.

[@jesvans]

idk, but i bet they do. maybe not back then

[@rucianapollard4057]

Yes, they do! They try to give them not just financial advice, but how to look out for scams, but it often goes over these players heads!! They spend the bulk of their money on strippers and child support!

[@jesvans]

@@rucianapollard4057 yeah, its called N rich = they think they will always be "big time" and the money will always be there. often often is not

[@89five3five]

They stated doing that after Walker. They have mandatory classes for rookies.

[@Pissgremlin5964]

@@jesvans nah N rich is when you got a couple hundred dollars in your pocket, nothing in your bank account, and acting like you're a baller.

[@KingLife1991]

Child support makes guys broke 😂

[@tarahill308]

Actually their dumb decisions makes them broke.

[@tarag7292]

​@@tarahill308Exactly. They didn't have to get those women pregnant.

[@tarahill308]

@@tarag7292 they Dnt want kids or to get a vAsectomy. They rather blame women n hide behind them n point the finger. Then turn around n call us masculine 😂

[@fatovamingus]

Reporter: " Antoine why do you shoot so many 3s?" Antoine: " cuz there ain't no 4s"

[@dupreejohnson7423]

14:11 That's a whole different and very not broke Kenny Anderson 🤣😂

[@Joktan137]

That looks like Kenny Smith.

[@Justbeyourself-lv2bj]

@@Joktan137 Quality media

[@beachbunny7256]

They can thank Larry Bird, Magic and then MJ for giving basketball life.

[@dreameryoung38]

I hate when the ones who go broke when they don't waste it on jury getting countless woman pregnant

[@tarag7292]

Yeah. It seems like they tried to do the right thing. They didn't waste it on partying, luxury cars, or being irresponsible with their sperm.

[@mosessupposes2571]

Blaylock killed a lady and only served three years in prison. That’s some serious rich privilege right there.

[@MightMouse2174]

If it was serious rich privilege he wouldn't have served anytime !!! Donte Stallworth killed someone and only served 3 months

[@jaykaynum5569]

D. Coleman lost came from all of those Detroit properties he bought. He was trying to rebuild his home town

[@bigphat200]

I hate to say this, but I would have done the same thing. It was a risk, that didn't panout.

[@jaykaynum5569]

@@bigphat200 that's alot of money he lost. I hope you get the chance to invest in stks n bonds (not property in Detroit)

[@bartdoo5757]

Coleman is from Mobile, Alabama.

[@AnastasiaBeaverhousn]

It wasn't JUST that . Shaq said during the lockout they were repossessing all his cars, he had like 7!! He spent with excess and as they said CHILD SUPPORT;!🥴

[@kelceyallen433]

I didn't know Cliff Robinson passed away. 😢

[@mongoslade277]

Cliff Robinson. Lute Olson the coach of Arizona & John Thompson the coach of Georgetown passed away within days of each other

[@alanai1981]

ME EITHER

[@user-fq4jo7tw5k]

Me neither. Gonna play NBA jam and play as him😢😢

[@langbrown7769]

The way he pronounced sprewell is crazy 😂

[@bayjustin3885]

Yeah. Damn. AI 😮

[@SusieValentine-b8s]

Everything that irritates us about others can lead us to an understanding about ourselves.

[@xelefonte]

Video should be titled NBA Players who went Antoine Walker. Everyone knows Antoine Walker is the laughing stock when it comes to basketball business acumen. He said he wish he got an MBA degree as if he would’ve ever finished that degree and then degree keeping him out of casinos. He doesn’t have a clue.

[@RamzaCards]

What kind of real estate deals are they getting into? Asking for a friend . . .

[@snackb30]

Surprised Allen Averson wasn't on this list or number 1 he lost 200 million in 2010 when he filed for bankruptcy thats why i thought he would of been number 1

[@mongoslade277]

I thought Iverson also

[@papasdaking]

His shoe deal pays him 1 million a year for the rest of his life. So he will never be truly broke

[@Jonathan81284]

​@papasdaking when's the last time you've seen someone with a pair of A.I answers on their feet

[@SouthsideHardhead601]

​@@Jonathan81284Doesn't matter..the deal was like 60 mil and his agent prorated it , so he gets a mil every year

[@ngken1012]

Also scottie should have been somewhere there

[@foondoom7850]

:Kenny Anderson has 7 children :shows Kenny smith 😭😂

[@ericmaclin315]

Family pic of Kenny Smith not Anderson.

[@fabio9554]

Happened to me too😢 I played for the Lakers for one season earned 6M$.. Now it's all gone... Hores and coke...

[@nellsmith03]

in your dreams LMAO

[@basilmartin7271]

I think its important to acknowledged that taxes took a large chunk of those earnings and stupidity of course. No friggin excuse.

[@Thomas1701E]

They should have invested in a Smoothe Shop, Mobile Car Wash, Chicken & Waffle Shop and Record Label.

[@pablor3138]

A boss I had was loaded and I once asked him if he had trouble with people asking him for money. He told me he said yes to everyone, “sure thing, sounds like a great investment!, get in contact with my business manager and if he green lights it you can count on the money “. Of course this person had instructions to bounce everyone. He said after that most people didn’t even bother to pitch to the BM.

[@tforaodg]

Not enough financial IQ.

[@taharqa332]

Make a video on the number of MLB and hockey players that go broke. They blow their money as well.

[@user-if4df7lk1z]

If I ran across one of these guys, I would tell them to buy one house, not a mantion. Also, one car that cost no more than a 100000.

[@mobrown7594]

They ain’t gonna listen lol

[@timoaksproductions]

Thats why Lebron playing at a high level in year 20

[@trobdaproducabeats]

I love the fact we have larry johnson(nfl star) and kenny smith the jet pictured in this video lmaooo

[@abe9560]

Can't help but correct you. It's not Spruwel, it's Latrell Spreeee-Well

[@Joshuaprice1977]

Why is Allen Iverson not on this list? He retired with over $200 million and lost it all within two years of retiring.

[@juststfu6551]

he aint on the list coz he is the GOD

[@PollyJulia]

Love is the master key that opens the gates of happiness.

[@Light23K]

Who pronounce Latrell Sprewell like that?

[@MustangMike012]

Mookie Blaylock, one of the Greatest point guards in NBA history. Are you kidding me?

[@wewewe1977]

😂😂😂

[@PeteLucius]

I am glad that I paid so little attention to good advice; had I abided by it I might have been saved from some of my most valuable mistakes.

[@1968dogg]

Sounds like "The Curse of the Lottery"

[@lochinvar50]

Spencer Haywood bought a large tract of land .... in the middle of the desert.

[@lacboiatl]

14:11 looks like Kenny Smith

[@IsidoreBruce]

If we could see the miracle of a single flower clearly, our whole life would change.

[@owensweetland342]

You go from being nobody to somebody "overnight". If you're undisciplined financially you're gonna be in for a big surprise.

[@dearingrogers2785]

I never ever heard anyone say that Mookie Blaylock was one of the best point guards to ever play the game seriously, that's not a knock on Mookie, he was good player with good defense

[@andregunn4073]

Prime example of poor financial decisions

[@carlthompson2367]

I could retire with 1'000'000 right now at 40years and live comfortably the rest of my life... It's sad this happens

[@randybailin4902]

If your financial advisor is your uncle, you're going bankrupt.

[@carlyletom301]

6:54 WTF, was Mookie called for a travel or a sprint? LOL

[@deshizle]

Ever since that ESPN special 30 for 30: Going for Broke, ball players been tidying up their savings

[@ousmanemagassouba2847]

They are just not financially educated

[@kens2328]

It’s pronounced “SPREE-well”

[@darrtrubb]

Narrator sounds like he got really beef with Latrell “Sprule” lol

[@MauriceJulius-d8e]

The greatest barrier to success is the fear of failure.

[@rdptll]

All you have to do is just put 5% per year in a dividend ETF and reinvest the dividends and in 10 years you are printing millions of dollars a year for doing nothing.

[@theoracle3772]

Mookie Blaylock isn’t talked about as one of the greatest point guards in NBA history and it’s not “thankful” he only served three years for killing a mother of five.

[@ytpremium7649]

Watch 30 for 30 BROKE Dear newly rich dude. Here's how you roll ... -Forget ego and showing off, and stay away from women and spending -Rent an apartment and get a cheap car, cook at home -Keep all your money in the bank It's either this or go 100% broke

[@davidhelweg1449]

I wonder how much they get after taxes.

[@gwilson664]

Friends, agents, financial advisors, and 304's are the prime reasons it seems. It would be best to invest in a financial management course and negotiate/handle your money yourself.

[@Random-rt5ec]

DEI: I couldn’t help but notice the lack of “DIVERSITY” in this list

[@andyc6542]

Because the best NBA players are black? That's just a fact of the matter. It's not racist, it's just how it is.

[@philmeadowcroft9637]

These and the Hollywood types are the ones we should look to. For our societies, problems cuz they're so smart. They could resolve everything for us. Oh, praise the athletes and the actors. For they will save

[@theloudhouse1461]

8;02 thats his doppelganger, Crazy.

[@Chris-ev5ok]

Who the Hell is Latrell Sproowal? Lol Nobody has ever pronounced his name like that.

[@jjonwards]

The numbers they lost should be put into context. A huge chunk of their contracts prob more than half went to IRS. So for example as incredulous as it seems to lose 10mil, they prob only had 5 mil to start with.

[@andyc6542]

Also whats worth mentioning is that some of these players had $100 million in the 90s. $100 million in 1995 for example is worth $200 million in todays money. So no, they were still ridiculously wealthy given the value of money at the time.

[@Riplilkevo6900]

@ 7:50 can sb tell me who makes those animated videos 🔥🔥🔥

[@OswaldWatt-x6m]

I can't believe this is the eighth time I'm smashing open my piggy bank on the same day!

[@jameswilliamsiii3456]

You got a picture of Kenny 'The Jet' Smith family photo for the Kenny Anderson section!!!!

[@LesleyDen]

You can never cross the ocean unless you have the courage to lose sight of the shore.

[@StealthyLabel]

You mixed up Kenny Anderson and Kenny Smiths family photo 😂

[@Joecuzzi]

According to this video none of them lost their money to Drugs, alcohol or Gambling. Sounds like they donated it!!!

[@laor55]

Didn't Iverson go broke too?

[@redr5868]

They should have a stat on upbringing . That plays a role in careless behavior .

[@ElaineKelvin]

Yeah we all shine on, like the moon, and the stars, and the sun.

[@YamahaVirago1994]

So this story is about. People who lost it all story of Captain D's all people who bounced back

[@jamesdelaney3797]

Every pro sports team must have a poster of antwon walker where the players can see him every day

[@mohammedy369]

Sprew-well is crazy. There's two E's in the name; it's Spree-well

[@SilverWatcher.]

What about A.I.

[@gearyheidinewaccount3237]

How can these guys be so buy a house and a couple cars put the rest in a trust

[@timw4369]

I heard one player spent his entire salary for his first year on a Lamborghini and had to live on mac and cheese because he had nothing left fo living expenses.

[@alanai1981]

THATS PROBABLY TRUE

[@JohnSmith-dm1wo]

But he gets to drive a Lamborghini

[@JohnSmith-dm1wo]

And I like Mac and cheese

[@OGGamingABC]

They pay taxes. Just because they made 90 Mill, they pay almost half in taxes

[@shinrips]

Spreewell: I have to feed my family.

[@ElysianThoughts]

Kemp was in love with the coco. Forgot to mention.

[@DanielJamesEgan]

You should include inflation numbers.

[@insertnamehere5020]

Didn't Allen iverson also lose a fortune ?

[@ThePrinceOfTheTalkbox]

Vin Baker OWNS that Starbucks ..Not Just Works for it

[@alanai1981]

THATS WHAT HE SAID. SCHULZ GIFTED HIM THE STARBUCKS