The 3 Biggest Disasters in 코인카지노 History

[Lance Arlinda]

The NBA Players' Association met with the Toronto Raptors recently to discuss financial prudence among players and during that meeting cited a statistic that scared the heck out of most of the team. It was said that 60% of NBA players go broke after only 5 years of retirement! Are you kidding me?!? That statistic however is said to be an educated estimate and some players actually have a hard time believing it. The statistic could be used as a scare tactic, but it is definitely something these players should be paying attention to.

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"Sixty percent is a ballpark. But we've seen a lot of guys who've really come into hard times five years after they leave the league," said Roy Hinson, the former NBA forward who's a representative for the players' association. "The problems are, for a lot of guys, they have a lot of cars, they have multiple homes, and they're taking care of their parents. They're taking care of a whole host of issues. And the checks aren't coming in anymore."

"Sometimes you can stop the bleeding, and other times you can't stop the bleeding," said Hinson, who added that many players associate with "too many 'yes' people."

We've all heard the stories of NBA players owning 15 cars and 5 vacation homes. The sad part is most of these players lack educations and support outside of their posses and families. Most of these players could use some legal guidance as well as financial guidance but seem at times to not be so willing. The players' association has continually proposed a financial firm that offers players free 2nd opinions on their financials, but getting these players to act has been a challenge.

Back in October, Jason Caffey, who made an estimated $29 million during his eight-year NBA career, was in bankruptcy court seeking protection from his creditors, among them the seven women with whom he fathered eight children.

Shaquille O'Neal of the Miami Heat was in the news recently with a court document representing his annual income as well as his annual and monthly spending. The "Diesel" pays $156,000 a month just in rent and mortgages on the various properties he owns or leases and another $1500 just for his cable TV bills! Of course Shaq is on another level than most other NBA players with the simple fact that he pulls in $20 million a year in salary but this still shows you a great example of the kind of money players are capable of spending.

Remember former Chicago Bull, 6 time NBA Champion, Michael Jordan running mate and top 50 player of all-time Scottie Pippen? Just 2 years removed from retirement, Pippen was back in the news looking to make an NBA comeback to a team that was a title contender. NBA teams laughed at a Pippen return which was later rumored to be based on his poor financial standing. The rise and fall of Pippen was so drastic that he was seen overseas playing 2 games for Finnish powerhouse, Helsinki ToPo to make a little cash.

Besides the fact that players fork out all of this dough for houses, cars and cable bills you still can't forget that many of them have multiple children from multiple women. This is yet another expense that must be accounted for and child support is one of those bills that doesn't go away for at least 18 years. Again, you can see how 5 years removed from an NBA career with 2-3 child support payments a month and you could run out of millions pretty damn fast.

Jason Kapono of the Toronto Raptors expressed his thoughts after the players' association presented their materials. "Going above and beyond isn't worth it. I don't want to be a part of that 60% that's in trouble five years down the road. It's a short career and I'm blessed to be earning a great salary playing basketball. But if it ended, my contract only takes me to age 30. Life expectancy is 80-plus. So I've got another 50 years. Do I really need to buy another car?"

In the NBA Draft last week for the first in history the first three players drafted were freshman and a record 10 freshman were taken in the first round. The one and done rule is now in full force. As of last year, the NBA prohibits players from playing in the NBA until they have spent one year out of high school and are 19 years-old. This was implemented by NBA Commissioner David Stern in response to the numerous high school seniors that made themselves eligible for the NBA draft in recent years (as many as six one year) - many of whom were not ready to make the jump from high school to the NBA.

Now, was this rule put in place to save the youngsters from their own delusions, or to save the NBA from the embarrassment of having to to draft unproven high school seniors in the first round as one sports commentator on ESPN's SportsReporters suggested yesterday (the embarrassment, I'm assuming he meant, would actually come later when the player did 메리트카지노 not make it in the NBA - which several did not in recent years)? Or, for both of these reasons?

Besides the NBA, the NFL is the only major sports organizations that prohibits players from entrance until a prescribed period after high school graduation (3 years after high school graduation in the NFL). The NFL's rule was challenged by Maurice Clarett and the NFL won at the appellate level. The Supreme Court declined to hear Clarett's case, hence, a NBA players could still theoretically challenge the NBA rule and win. Apparently, there are not any lawyers out there that think the chances are good enough or else someone would challenged it the last couple of years. What if the NBA made their rule the same as the NFL. Would someone challenge it then? Would this be better than the current rule?

It seems like there are 3 possibilities for the NBA: no rule (the old rule), the current rule, or an NFL-like-rule. I think none of them are ideal and also that it is unclear which one is best. With no rule, too many 17 and 18 year-old kids, who have all been told that they are the second coming of Michael Jordan and Lebron James since they were 12 years-old, go straight to the NBA when they should not have. (As a side note, this was not good for college basketball, but that is another issue.) With the current rule, the NBA prospects go to pretend college for one year (what was the point?) and some of the players still come out too soon. An NFL-like-rule seems unfair to the elite players - in others sports 18 year-olds can play professionally; in addition, professional basketball does not take as much physical maturity as professional football. Nothing seems right.

Brandon Jennings, the highest rated point guard coming out of high school, is considering playing in Europe if he is not eligible to play at Arizona this year. On one hand it makes sense, on the other hand, it makes all of this even more confusing. Does anyone have a solution to this mess?