Archive for October, 2009

NBA Player in Financial Trouble

Ok, so I have been away for a while building my business trying to pursue new clients and getting closer to some of the athletes that I am seeking to help. It feels great to be writing again and this story about former NBA player Antoine Walker made me want to get back to writing so I can get my message out.

There was an article online at Yahoo Sports today about former Boston Celtic Antoine Walker. The title of the article is, “Former Celtics star Antoine Walker is broke and in debt.” The article talks about all the cars that he had and the different toys that he purchased. In addition, he has an open balance of $4 million with his creditors and is being investigated for check fraud in Las Vegas. How insane is this story. We hear all to often about how these athletes live like megastars, but don’t do anything to preserve the wealth to reap the rewards after they are done playing. It is estimated that Antoine made $60-65 million over the life of his career, but the sad reality is that now he doesn’t have anything to fall back on to get him back to that lifestyle. It is also reported that Antoine had an entourage of 70 people in which he cared for and took care of during his career. My question is where are those people now?

As I have approached the leagues about working with these athletes regarding their financial situation, I have been consistently told that the league has programs in place to handle these types of situations, but in reality the leagues don’t have a vested interest in the players life after the sport. That is what I am seeking to do. Those that read this blog, support me in my attempt to counsel and coach these athletes on how to manage their money and make better life decisions.

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