Posted by fishmike:
TFL.. who was that?
I don't know whom he might be talking about, but I read Pippin really took a hit with some bad advice and is suing a bunch of people. Those legal fees can eat you up also!
Its always tempting for these guys to trust so many, and also use the big money to make even bigger money. It just gets so dam big that you need a team of people, and thats where it gets complicated.
The flip side is you see guiys just bank it and then deal with it later. They take classes and learn about money. If you got alot of money, its really not that hard to learn. But being a great athlete does not always mean you have an ability to learn, and there are lots of dudes looking to take advantage of these guys.
I have read about Ron Artests managers are in the music biz, and they likely were steering the kid down the wrong path. THe music biz is also a cash drain and while its fun, you can see even that before the "fight" Ron was stressed out to the max.
Being rich is not about cars and houses, its about independence. While Rickey Williams is a nut, the guy is doing what he wants. A guy thats playing for the pimped out houses and cars is owned by material possesions! So many of these guys are playing thru real pain to keep it together and some will be cripple in their later years. Pride and glory are one thing, but material goods will not last. Im not talking the Shaq'a and real big money, but the marginal player whom does not have multi-generational wealth! If smart, they can use it to grow from. If not, its ugly thing to live with. All the posse disappears when the money run out!
I always admired Ewing as he made a ton, was cheap, and look at him now, he is coaching! He is not making any kind of real money, but he is doing what he wants! Im sure he has a fine lifestyle, and some nice cars, but its not his life. At least Spree was smart to profit from this excess!
I know its not fair, but its the young hip-hop guys are the ones flaunting the stuff on TV the most. There are lots of guys smart with their money, but its not good material for a MTV show!