highly functioning autism
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
Nah I am pretty sure I could make that payment to my dentist after I factor in that copay
I think you forfeit the pension if you commit a felony, which is what Beasley is looking at.
Porter's problem was not that teams didn't want him, it was that a US judge didn't let him skip town before his sentencing
seemorecizzy
Superstar
crazy how this comes out right before he was about to re-up
Don De Dieu
Standing in the sun getting black as I want
The money allegedly isn't about cuts per se. There's no "celebrity barber" here charging that much and anyone can roll into Cairo Cuts to get a cut for $40-50 from Malik’s (or Dame's barber.) Feel free to take the following with a grain of salt since we're online and all:
My understanding is the $27K was supposedly for a bet of some sort with a crazy payout (like seven figures.) Either Beasley couldn't cook the game or somehow the bet didn't come to fruition, so the shop owner(s) got pissed and sued him. Dude had to sell his goofy ass Cybertruck to cover whatever was lost. The twist is the shop owner(s) tried to write that money off as a business expense, so now the feds are involved.
Again, I'm just an online stranger. But news travels very fast around here if you're plugged in. We'll see if what's above comes true. Whole thing is crazy.
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Piff Perkins
Veteran
One year until a lifetime pension. One week/month from signing a contract that could have potentially fixed his situation. Some shyt just dooms you, there is no escape from your fate. Reminds me of the movie Sorcerer.
That being said he made nearly 60mil up to this point and if he was broke with that....it seems very likely that he would have continued being broke and making terrible decisions with the Pistons extension money if he had gotten it. It's not an up front payment. He'd probably just return to the cycle: signing bonuses and game checks being blown, more installment loans, etc.
In The Zone '98
Superstar
One year until a lifetime pension. One week/month from signing a contract that could have potentially fixed his situation. Some shyt just dooms you, there is no escape from your fate. Reminds me of the movie Sorcerer.
That being said he made nearly 60mil up to this point and if he was broke with that....it seems very likely that he would have continued being broke and making terrible decisions with the Pistons extension money if he had gotten it. It's not an up front payment. He'd probably just return to the cycle: signing bonuses and game checks being blown, more installment loans, etc.
You can get your salary up front
He screwed himself
Piff Perkins
Veteran
They just need to put it in an index fund. Vanguard S&P 500, you're good for life. That way you don't have to pay brokers or advisers a percentage based fee. I do think getting an advisor or working with wealth management (Blackrock, Goldman Sachs etc) makes sense eventually though. But with that first rookie contract I'd put most of it in the index fund and never touch it, besides adding more money to it.
Dude was running to score that basket like he had Russian bookies waiting in his locker room
VegetasHairline
Veteran
Should have had a fall guy like Ohtani.
Common sense should come into play for ppl.
Just because the league promotes gambling, you know damn well it is off limits to players in that particular league. Hell, go bet on baseball or football, even the euro basketball teams. Us regular ppl don't play in the NBA. We can't manipulate any outcome of any games.
Players have been banned for life way before this Beasley situation and today's players know this.
@ putting on the cape for players' engaging self-inflicted squandering of generational wealth.
Just because the league promotes gambling, you know damn well it is off limits to players in that particular league. Hell, go bet on baseball or football, even the euro basketball teams. Us regular ppl don't play in the NBA. We can't manipulate any outcome of any games.
Players have been banned for life way before this Beasley situation and today's players know this.
@ putting on the cape for players' engaging self-inflicted squandering of generational wealth.
They probably were
Also, I am not advocating prison time for this. We got way worse ppl we can throw in there, but as far as being outraged if he is banned for life??????? Get the fuçk outta here,
That wouldn't even have helped in this case since he is borrowing money on future contracts.
And of course, athletes are so dumb that instead of going to a big regulated bank like the wall street banks, they find some off-brand company in Florida specializing in (probably dumb) athletes. Who of course happen to be predatory
