DebtGazette
Recent Comments
-
Contact Us
Editorial Staff
- Executive Editor
- Bess Levin
- Editor
- Matt Levine
How Can We Help You?
- Send tips to:
tips@dealbreaker.com - For tech issues email:
web@dealbreaker.com - For advertising or events email:
advertising@breakingmedia.com - For research or custom solutions email:
services@breakingmedia.com
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com
Markets
-
Most Read
Topics
AIG Bank of America Barclays Bear Stearns Ben Bernanke bonuses bonus watch Charlie Gasparino Citi Citigroup CNBC David Einhorn Deutsche Bank Dick Bové FOREX Galleon Group Goldman Sachs hedge fund managers Hedge Funds insider-trading Insider Trading Fest(ivus) 2010 Jamie Dimon John Paulson JPMorgan Ken Lewis Lawsuits Layoffs Lehman Brothers Lloyd Blankfein Made-off MBA v CFA Merrill Lynch Morgan Stanley Obama's Economic Superfriends performance Raj Rajaratnam RBS SAC Capital SEC Steve Cohen taxes Tim Geithner UBS Vikram Pandit Warren Buffett-
Walker’s situation is one that shows just how imperative it is for pro athletes to have good financial planners around them. People that did not grow up with a lot of money have no idea what to do when they are instantly given these kinds of contracts. Often times they waste money on lavish material goods and surround themselves with bad people who are as naive as themselves when it comes to how to plan your life out financially. There is no reason that an NBA player shouldn’t be able to live their whole life off of those kinds of earnings from their playing days. If some good can come out of Walker’s situation hopefully it can serve as an example to younger players in a similar situation to what he was blessed with 10 years ago. The league does mandate a type of financial seminar for its rookies, and this case will be one that will most likely be alluded to often in those classes. When playing Walker always used to show off his patented wiggle after a made three pointer, this situation though is going to be hard to wiggle out of. Check out my blog on Antoine Walker's situation at... http://www.thedebtgazette.com/2009/10/antonie-walker-financial-trouble/