Former NBA #1 pick Joe Smith's journey from $61M to $157k in debt

[broller]

Its no 61M.. its 30M after taxes broken down to 16 years.

I'm not gonna jump on a young black dude who became a millionaire at 19, with tons of family, friends, business investments that failed, people he tried to help, kids etc.

I ain't criticizing his misfortune, I'm just saying it's actually a lot of money (1.8 Milly per or 30mil over 16 years)

 

[FAH1223]

I ain't criticizing his misfortune, I'm just saying it's actually a lot of money (1.8 Milly per or 30mil over 16 years)

Yeah it comes quick... but can also go quick.

 

[badboys11]

look at the picks twolves lost behind this guy and now he broke. Joe Smith was a curse to the game

 

[LezJepzin]

He has no one to blame but himself
Minnesota Timberwolves: What If Joe Smith Didn’t Sign An Illegal Contract?

 

[GunRanger]

16 yr career means that pension check is goona look pretty good

 

[jwinfield]

coulda been $94 mil but Kevin McHale's dumb ass left a paper trail

 

[Reece]

ehhh

that's 30M after taxes.spread out after 16 years.. which is 1.8M a year,

Bruh we got index funds now.

You don’t even gotta know investing.

Just plug what you wanna invest in and go play ball. He got no excuse.

 

[L&HH]

coulda been $94 mil but Kevin McHale's dumb ass left a paper trail

A nikka that blows through $61 mill would have lost $94 million as well.

 

[ORDER_66]

HOW SWAY?!? I couldn't legit be making millions and NOT stashing half of that shyt... No outrageous spending....

 

[Piff Perkins]

these nikkas getting supermaxes never going broke will be damn near impossible especially if they already had a big contract and endorsement money before the supermax

Wanna bet? Brehs out here who are living wreckless getting women pregnant or entering bad marriages...might as well write off half that money now, if not more. Then you got the brehs who are making bad investments and buying property they can't afford long term.

These guys don't end up as talking heads on espn because they want to. They have to.

 

[SoulController]

this mf in his 40s and needed Alex Rodriguez to tell him to move into a smaller crib

dumb

 

[thaKEAF]

 

[stepbackj34spud]

Wanna bet? Brehs out here who are living wreckless getting women pregnant or entering bad marriages...might as well write off half that money now, if not more. Then you got the brehs who are making bad investments and buying property they can't afford long term.

These guys don't end up as talking heads on espn because they want to. They have to.

Not every sports analyst is hurting for money man. That narrative needs to stop. Maybe those older guys who weren’t around for huge contracts but you think(I’m gonna rattle off a few names) Shaq, T Mac, Billups, Jalen Rose, Pierce, Hill, etc are on espn/tnt/nbatv because they need money?

 

[Remote]

Ya hate to see it

 

[Black Hans]

A fool and his money shall part.
Cry me a river, breh. You think I'm going to mourn someone who couldn't maintain $61 Million Dollars and was a bust?
NO EXCUSES for making that much money and being broke after all of it.