That's why players get bankrupt when they leave NBA

[FAQ]

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Eddy Curry made a shade over $10 million this year as a member of the New York Knicks. Normally, I'd have said "playing for the New York Knicks," but that's a bit of an overstatement as Curry saw time in only seven games this season. Somehow, that's an improvement as the big guy appeared in just three contests the previous year. Baby steps, you guys.

Despite that enormous salary — and the fact that Curry has made more than $57 million in his nine year career — the former No. 4 draft pick is seriously in debt. As the Associated Press reports, Curry defaulted on a $575,000 loan with an 85 percent interest rate, which can only happen in Nevada, and has been ordered to pay back $1.2 million to Allstar Capital Inc., the world's most ironic loan service.

However, Curry argues that he shouldn't have to pay off that debt, because he's spending too much money in other places. According to reports filed in the suit Curry's outgoing payments include:

• $30,000 a month for "household expenses."

• $17,000 a month to various relatives including his parents, sister, and father-in-law.

• More than $1,000 a month for cable and satellite television.

• $207,000 a month in garnished wages that haven't been elaborated upon, but adds up to almost $2.5 million that Eddy Curry never sees over the course of a year.

• $350,000 to Juwan Howard. (What?)

Curry also owns twelve cars, three of which — a Rolls Royce convertible and two Land Rovers — may be taken by Allstar Capital, though Curry's lawyer says that they have reached "a mutually satisfactory resolution of the matter." Maybe Curry gets one of the Land Rovers and can drive the Rolls to important events? Seems fair to me.

Furthermore, Curry is still involved in that creepy sexual harrassment lawsuit from January of last year. Oh, and he's fighting with lawyers who he says mismanaged his money, leading to the foreclosure of his $3.7 million home near Chicago. Not to mention Curry's son's mother was murdered in January of 2009. Saying it's been a rough 16 months for the former Chicago standout is selling things a little short, I'd say.

On the bright side, Curry holds a player option of $11.2 million on his contract for next season. Pretty safe bet that he takes the Knicks up on that, even if he never sees a cent of it.

Eddy Curry makes a lot, spends a lot and owes a lot of money - Ball Don't Lie - NBA - Yahoo! Sports

This is what happens when idiots don't know how to manage money.

[Monster23]

^ bati.a gud ana bro. Abi nako active pa si Eddy Curry sa Knicks?
Tsk2, syang2 ra sa wawarts. pa balik nalang sa NYK bai.

[silogan_ni_siomai]

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[Monster23]

antoine walker sad ay.. na pordoy na adik sa casino.

Bitaw, asa kaha siya run? Ala naku kita niya.

[christ1an]

Mao ni resulta sa straight to NBA high school players! wala man gud ka agi og econ101 sa college hahaha

[jofre45]

Mao ni resulta sa straight to NBA high school players! wala man gud ka agi og econ101 sa college hahaha

MgKaTaWa Mn Sd Ta aNaNg iMuNg sTaTeMeNt Bro Na Wa Ka aGi Og Eco101.....ahaha
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[yowenn]

grabe sad mga tawhana maka gasto, ambot nlng ug akoy maka kupot anang kantidara dli basad kaha ko ma inana, aw dli man ko sugarol kay dli ko kamao ug antisosyal ko , kusog ko muinum ug maka hubog pru dli sad siguro na maka pordoy oi, cguro sa sakyanan ko mapordoy..

[silogan_ni_siomai]

antoine walker sad ay.. na pordoy na adik sa casino.

nakabasa ko article nakasud pa to siyag minor league. sweldo daw niya 6,000 USD a week man guru to


si latrell sprewell sad , na pordoy.

[radiostar]

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MgKaTaWa Mn Sd Ta aNaNg iMuNg sTaTeMeNt Bro Na Wa Ka aGi Og Eco101.....ahaha
Wa Sd bYa Ko SuLod2x aNi Na SuBjCt SauNa, aMbOt Lng nGaNu gPaSaR Ko a2.......ahaha

OT: Guba imong keyboard doh? jejejeje