Scottie Pippen joins ranks of broke athletes - Sporting Events and Fantasy Sports

http://sports.yahoo.com/nba/blog/bal...urn=nba,252310

Sports Illustrated had an article a while back about bad investments made by athletes. Looks like Scottie Pippen has joined their ranks.

Last edited by ZeckoRiver; 06-29-2010 at 08:18 PM.

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06-29-2010 , 07:55 PM

72off

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pfft, give him a break! he only made $109,192,430 in salary over his career, could happen to anyone...

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06-29-2010 , 07:56 PM

BASaint

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fwiw the article is about how Pippen is no longer broke after having won a $2m court case

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06-29-2010 , 07:58 PM

prohornblower

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Waiters everywhere will be sorry to hear that he will no longer be able to leave a tip.

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06-29-2010 , 08:02 PM

ZeckoRiver

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Awesome he made 109 mill over his carrer never mind all the endorsements he did. Wonder what he will do with the 2 million he received for buying a broken down 4 million dollar jet? Im sure it will last as he has no doubt learned from his previous mistakes.

He should invest with Lenny Dykstra imo.

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06-29-2010 , 08:02 PM

rakes

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which current nba players would be broke in 2025? Garnett?

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06-29-2010 , 08:03 PM

LurchySoprano

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Originally Posted by rakes

which current nba players would be broke in 2025? Garnett?

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06-29-2010 , 08:05 PM

tuq

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It appears as if he was as bad checking into his investments as he was checking into the game for the pivotal final seconds of game three of the 1994 Eastern Conference Finals.

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06-29-2010 , 08:08 PM

Anacardo

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I remember reading how Scottie Pippen grew up in absolute abject poverty in Arkansas, and that when he was a kid, his great ambition was to be a foreman at the paper mill and live in a doublewide trailer. Sounds like he might just get his wish!

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06-29-2010 , 08:08 PM

#10

ZeckoRiver

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http://www.nba.com/raptors/news/swirsky_012508.html

Shaq I am pretty sure will be another statistic.

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06-29-2010 , 08:08 PM

#11

loosekanen

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Originally Posted by tuq

It appears as if he was as bad checking into his investments as he was checking into the game for the pivotal final seconds of game three of the 1994 Eastern Conference Finals.

zinnnnnng!

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06-29-2010 , 08:09 PM

#12

loosekanen

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Oh... and it was semifinals. Pacers Knicks was ECF that year.

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06-29-2010 , 08:12 PM

#13

Dudd

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Originally Posted by ZeckoRiver

http://www.nba.com/raptors/news/swirsky_012508.html

Shaq I am pretty sure will be another statistic.

By NBA standards, I'm guessing that spending ~800k out of a 1.8 million pretax monthly salary is considered prudent financial planning.

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06-29-2010 , 08:12 PM

#14

tuq

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Originally Posted by loosekanen

Oh... and it was semifinals. Pacers Knicks was ECF that year.

For all intensive purposes it was the ECF.

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06-29-2010 , 08:13 PM

#15

loosekanen

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Originally Posted by tuq

For all intensive purposes it was the ECF.

Yeah because nobody would argue that the 7 game Pacers/Knicks series that went down to the final 2 minutes after NYK needed to win game 6 on the road was at all compelling.

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06-29-2010 , 08:16 PM

#16

tuq

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Exactly.

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06-29-2010 , 08:22 PM

#17

CBorders

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Originally Posted by tuq

For all intensive purposes

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06-29-2010 , 08:23 PM

#18

TheUntouchable

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Originally Posted by tuq

It appears as if he was as bad checking into his investments as he was checking into the game for the pivotal final seconds of game three of the 1994 Eastern Conference Finals.

I knew you'd come through with a zinger, but this is a hof level sickburn.

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06-29-2010 , 08:28 PM

#19

mosdef

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Originally Posted by Dudd

By NBA standards, I'm guessing that spending ~800k out of a 1.8 million pretax monthly salary is considered prudent financial planning.

Seriously, netting +$1M per month isn't exactly living beyond your means. Maybe that's pre-tax earnings and post-tax expenditures, though, which would even it up a bit.

Why does someone who makes $1.8M a month have mortgages anyway? Some lender is raking in the (unnecessary) interest payments.

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06-29-2010 , 08:28 PM

#20

McBeef

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i don't want to live in a world where shaq isn't rolling in cash

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06-29-2010 , 08:30 PM

#21

tuq

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CBorders,

I just wanted to see how long it would take for a grammar nit to respond to that. Ten minutes, meh.

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06-29-2010 , 08:30 PM

#22

prohornblower

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Originally Posted by CBorders

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06-29-2010 , 08:32 PM

#23

prohornblower

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Originally Posted by mosdef

Why does someone who makes $1.8M a month have mortgages anyway? Some lender is raking in the (unnecessary) interest payments.

Because they can leverage other peoples' money and turn millions into billions! Put 20% down and buy 5 homes instead of 1! Rent those homes out and make a killing!!!

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06-29-2010 , 08:34 PM

#24

ThaSaltCracka

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Originally Posted by McBeef

i don't want to live in a world where shaq isn't rolling in cash

me neither, Shaq rules. Plus he always has his cop job to fall back on. He'll be on TV though, he's to amusing/entertaining.

I thought everyone knew Pippen was broke?