Monday, February 27, 2012

The Broke Stars

Reader Jeremy Floam suggests a better idea for the NBA's All-Star Weekend.

$12 million to the winning team. Win, and get out of debt. Lose, and go back to scraping by trying to play for a team in Turkey.

I like it. I think it would produce some - ahem - SPIRITED competition. Problem is, the winners would likely blow their cash before they got to the bank with the check.

EAST BROKE STARS Career Earnings
PG Anderson, Kenny $60 million
SG Iverson, Allen $200 million
SF Walker, Antoine $110 million
PF Baker, Vin $86 million
C Coleman, Derrick $87 million
RES Owens, Terrell $80 million
Coach Mahorn, Rick $8 million
WEST BROKE STARS Career Earnings
PG Robinson, Rumeal $5 million
SG Rider, Isiah $26 million
SF Sprewell, Latrelle $100 million
PF Pippen, Scottie $120 million
C Kemp, Shawn $92 million
RES Caffey, Jason $29 million
Coach Swoopes, Cheryl $50 million

Meanwhile, Forbes.com examines just how a guy like Iverson - a MEGA-STAR - with both massive on-court and off-court income, could somehow be so broke before the age of 40. 

It's not a new story, athletes going belly up. But it's an instructive one, to say the least.

It reminds me a bit of when Michael Scott "declared" bankruptcy.

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