Ethnic Cleansing
Fucc Slobks and Crabks
He'll be alright, he got a rich brother... But Beasley and his creditors on the other hand
The Feds is investigating Pistons guard Malik Beasley on allegations of gambling related to NBA games. Update: No longer under investigation
- Thread starter Anerdyblackguy
- Start date
Piff Perkins
Veteran
The article kinda buried a very interesting lede...
A lot of folks we think are rich are actually broke living check to check. When you sign a 40mil deal you don't get 40mil up front. You're getting signing bonuses and game checks. And if you're dedicated to that baller lifestyle it's real easy to get behind. Rent you can't afford long term, cars you can't afford long term, hoes you can't afford long term. Few months of this and you see the disaster coming so what do you do. Cut spending? Live frugally? Nah. A lot of guys get a loan. Often from these Armenians who are mobbed up. Six figure loans with crazy interest rates. So now you're outta the hole but do you pay your rent and stop spending on dumb shyt? Nah you keep going. So you're paying rent monthly instead of just paying months in advance. Car costs still piling up. Hoes piling up. And maybe someone is pregnant. Oh and now you're paying family too.
Years of this behavior and you end up waaay in the hole.
Them interest rates probably super predatory. Should be illegal but that level of scamming keeps alot of non black ppl afloat.
duckbutta
eienaar van mans
Can't afford to pay your dentist
How can somebody making nba money be THAT broke
What the fukk was he spending his money on? NFT's?
This shyt legit baffling. NBA player having made 10 of millions of dollars broke as me when I first moved to Dallas with a few hundred dollars in my pocket
Get the 30 for 30 on him RIGHT NOW
$10s of millions is not a lot if you’re financially irresponsible. Nobody probably sat him down and taught him how to manage money. Financial irresponsibly scales up and you can’t really out earn it. At some point you either live within your means or go broke.Can't afford to pay your dentist
How can somebody making nba money be THAT broke
What the fukk was he spending his money on? NFT's?
This shyt legit baffling. NBA player having made 10 of millions of dollars broke as me when I first moved to Dallas with a few hundred dollars in my pocket
Get the 30 for 30 on him RIGHT NOW
Damn, and this the feds too. You know they're gonna go through phone records, ip addresses, internet usage, etc.
Lucky_Lefty
Dreams Are Colder Than Death...
Them nikkas can read. They made the choice to take out those types of loans. How you getting this kind of money and too stupid to hire a solid financial advisor? Take the pacifier out
NBA hosts annual Rookie Transition Program for league's newcomers
The 4-day Rookie Transition Program provides tools for players to succeed in NBA life.
NBA hosts annual Rookie Transition Program for league's newcomers
The 4-day Rookie Transition Program provides tools for players to succeed in NBA life.
Shaun Powell
Archive
July 11, 2023 10:07 AM
The Draft class of 2023 recently brought many questions to the Rookie Transition Program, a mandatory seminar for rookies.
LAS VEGAS — Dozens of future NBA players left their college campuses behind months ago and came to Summer League to hoop, only to find themselves back in a classroom this week, still taking notes.
It’s all part of the process at the NBA’s Rookie Transition Program, a four-day orientation where expert knowledge is dropped on rookies who are vaguely aware of the surreal world they’re about to enter.
It’s designed to help them understand everything that orbits around the game — money, relationships both business and personal, outside influences and other issues — and avoid the hiccups and speed-bumps that could interrupt careers, or end them prematurely.
In that sense, it’s the “summer league”‘ within the Summer League because much like the games being played in Vegas, everything about the program is geared toward preparation for next season and beyond. That’s why Ray Allen spoke to the rookies Monday about topics other than 3-point shooting. Jabari Smith Jr., fresh off his rookie season with the Rockets, detailed to them what his last 12 months were like. That’s two of several guest speakers who provided viewpoints from opposite ends of the NBA spectrum.
Beyond this, these guys have enough access to current and former players, coaches, front office execs. Lots of people who can help them understand their finances, investments and be sensible about their decisions. NBA does more than enough.
mastermind
Rest In Power Kobe
Hate to say it, but he may not make it to 2026. He also going through a divorce.
Art Barr
INVADING SOHH CHAMPION
dude did it to himself... sadly... gambling his life away made millions...
Goofie was upside down playin loan games too.
Writing away his nba check. Before he even made it
Art Barr
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charknicks
All Star
I dont agree. If you making millions, you should have more then enough to live. All that stuff that you are buying isnt necessary. So you gotta pay to keep that lifestyle.
If I am lending someone $50, no the interest should be crazy high, thats predatory. If I am lending you $100,000- yeah, that rate should be high as shyt. Thats big money. The stakes are higher. Im not a predator. YOU came to ME looking for money that I have and YOU dont.
mvp_status
Superstar
Need to go find a clip of the end of Game 6 again.
Season on the line......gets wide open for a potential game tying 3 and fumbles the pass out of bounds........
Season on the line......gets wide open for a potential game tying 3 and fumbles the pass out of bounds........
He was married? Thought he was with Pippin's old thing for a minute.
In a way I agree, because usually the best and brightest are the ones who can even qualify for a six and seven figure loan.
BUT due to entertainment and athletics alot of dumb people have come into money and these high interest loans are just a legal way of finessing them. I wish Malik Beasley the best, he's a talented player I hope his life isn't ruined.