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The NBA has always been one of the most lucrative sporting leagues in the world, something that is truer today than it has been in the history of the league. At the same time, like any high-profile sporting league, the NBA has seen a wide range of controversial personalities who end up getting into trouble off-court.
These incidents might not affect their career, but can affect everything else in their lives, including their financial and emotional well-being. The NBA has seen innumerable reports of former players filing for bankruptcy after blowing away the millions that they earned during their playing careers. In this article, we look at five NBA players who ended up going broke:
NBA Players who ended up going broke despite earning millions
A range of high-profile NBA players of the past have been reported to be bankrupt at some point of time in their lives. This includes multiple NBA champions and even a couple of Hall of Famers who fell into some difficult times financially, although they were able to recover later. In this article, we look at five NBA players who have gone broke:
#5 Shawn Kemp
Six-time NBA All-star and the Seattle Supersonics legend Shawn Kemp did not actually go broke, but had his share of financial troubles after leaving the Seattle Supersonics in 1997. Kemp is known to have fathered at least seven children with six different women and struggled since the late 20th century with his child support payments.
Kemp has been arrested multiple times, was earlier known to have a drug-related problem and was reduced to a bench player during the later part of his career. Overall, Kemp did not go bankrupt, but blew a huge part of his overall $92 million estimated earnings and struggled with multiple child support lawsuits since 2000.
#4 Antoine Walker
Antoine Walker is best remembered for winning the NBA championship in 2006 alongside LeBron James. He is a three-time All-Star who had his best individual seasons for the Boston Celtics early on in his career.
However, Walker’s estimated $90 million fortune went majorly towards a gambling addiction in addition to legal fees apart from his marriage related struggles. Walker was known to have sold his Miami Heat ring for money but has since recovered and is now reportedly out of debt.
#3 Scottie Pippen
Another bonafide NBA legend who fell in some difficult times, Scottie Pippen earned around $109 million in NBA salary alone but was duped out of a huge $20 million chunk of his savings by a financial advisor.
Pippen has had his fair share of financial troubles and was duped out of a total $27 million that also included a $1.4 million loan. The financial advisor in question was recommended by the Chicago Bulls, as Pippen was forced to offload his house in 2005. While he never officially went bankrupt, he was broke for a number of years before making a recovery.
#2 Dennis Rodman
Dennis Rodman is known to be one of the most flamboyant and controversial players that ever played in the NBA. Rodman made about $26 million in his career and was inducted into the Hall of Fame in 2011.
Regardless, he has had his financial troubles and went bankrupt after failing to keep up with his own living expenses. Rodman also owed around $800k in child support and around $50k in spousal support as his lawyers officially stated that he was “broke and very sick.”
#1 Allan Iverson
Allan Iverson also never ended up going broke. A judge had taken control of his bank account in 2012 as he was reportedly unable to pay back a sun of around $860k to a jeweller. However, the NBA legend was later revealed to not be bankrupt, and was merely having trouble with liquid cash.
He has signed a lifetime deal with Reebok and has his own trust fund as well. Regardless, Iverson came close despite having earned a remarkable $154 million through his NBA career and was later reported to have sorted out his financial estate as well.
Guess the Lakers players!
