In 12 years, Antoine Walker made roughly 55 million NBA dollars (after taxes, but not counting endorsement deals.) Yet, he has over $4 million in unpaid debts and faces felony check fraud charges. How the hell did that happen?
Nearly half of NBA teams will start the season with fewer than the league-maximum 15 players, because many of them can't afford to pay the extra dead weight. Have they considered outsourcing the towel-waving to India ?[AP/ESPN]
Blackout rules mean that if your local NFL team sucks, you don't get to watch their games live. Now by letting you watch the game "on a delayed basis," the league is acting like they're doing your a favor.
Being an NCAA athlete is awesome and everything, but if you twist your ankle—or something much worse—there's a good chance your school's health insurance won't cover you. Now put some tape on that and get back in there!
Thanks to the rousing success of Beijing, the International Olympic Committee turned a $383 million profit in 2008. (Their current net worth is $1.15 billion.) Yay, amateurs! [Sports Business Journal]
Kevin Houser has played in every Saints game since 2000—only hiking the ball on kicks, but still—yet he was abruptly cut last week for no apparent reason. Unless you count failed investments that cost his teammates $2 million.
It's a classic underdog tale—an upstart company devises a brilliant product plan, employs pluck and good fortune to make their dream a reality, and takes on the big boys....and then is summarily crushed by a large, multinational corporation.
There are many tales of financial woe to emerge from our economic meltdown, but few are more bizarre than the developer who bilked NHL players out of millions of dollars—only to lavish it on ex-baseball players?
Tennessee plans a new tax on professional athletes—but not NFL players because "NFL rules would have penalized the state had it included their guys." Also, the Smokey Mountains to be renamed the Goodell Hills. [On The Forecheck]
The Montreal Canadiens are for sale! And do you know who would be the perfect caretaker for this historically-gifted and beloved franchise? Canada's No. 1 shrew-like pop schmaltz siren!
We've established that running an NBA team is a horrible way to make money, but did the Boston Globe bury the big news that some teams may not last much longer in their home city?
Charging $2,500 a seat at sparkly new stadiums seemed like a good idea before the money armageddon bankrupted every sports fan in the country. [Wall Street Journal]