Sports can be an overall great thing to live your life by. Become a well-known athlete actually means becoming rich. history has shown that not everyone can manage it the same way. Here is a list of some former NBA players, who in spite of making tens of millions of dollars, ended up bankrupt.
Shawn Kemp was a dominant force in his time with the Seattle Supersonics in the 90’s. He was known for his athleticism and spectacular dunking. The team had the best record in the NBA in 1993-94. They even went on to the NBA Finals in 1995-96, eliminated by Michael Jordan’s Chicago Bulls. The six-time NBA All-Star saw his career go from high to low after his Supersonics days.
He gained quite a few pounds and battled alcohol and substance problems. Shawn Kemp might have been one the of the most explosive players during his good years in the NBA. But he is also known for having 7 children with 6 different women by the time he was 28 years old. Battling drug addiction, along with a ton money to pay in child support led Shawn Kemp to a life-long financial battle.
Scottie Pippen career was highly successful with a whopping 6 NBA titles and he was the NBA All-Star Game MVP in 1994. Pippen is one of four players to have his jersey retired by the Chicago Bulls. Scottie is the only NBA player to have won an NBA title and Olympic gold medal in the same year twice (1992, 1996).
However, despite the massive success he had on-court, his decisions off the court were not that great. He had quite a few financial upsets under his belt. He at one time bought a $4 million defective jet, that couldn’t even operate. Pippen made some bad calls that have cost him millions after his NBA career.
2. Dennis Rodman
Rodman was one of the most extravagant players during his time in the NBA. He was probably the first guy in the NBA to paint his hair in multiple different colors, all at the same time. His life was as interesting outside the court. He might have made “just” $27 million during his playing career. But he did not escape the grasp of bad decisions and drug abuse.
In a court hearing in 2014, his lawyer filed documents that showed that Dennis was “extremely sick and broke”. He owed more than $800,000 and was reportedly struggling to cope with his own expenses. He traveled to North Korea (yes, the one with the nuclear weapons), to visit his ‘good friend’ Kim Jong Un.
Once a league MVP and former NBA scoring champion, Allen Iverson was just as dramatic off the court, as he was on it. Despite earning well over $150 million in earnings, he was found standing in a courtroom during divorce proceedings, pulling out his pockets in an attempt to show that he can’t even afford a cheeseburger.
Iverson got crazy with his well-deserved NBA earnings. He lost most of it to feed his gambling addiction, legal fees, strip clubs, alcohol troubles and more. These days, AI is participating in a makeshift 3v3 tournament hosted by Ice Cube, that might not fill AI’s pockets with money. But it reminds us what a great player he was, and how things can easily make a turn for the worst.