About 60 percent of NBA players file bankruptcy within 5 years of retirement after making more coin in 1 year than most people make in a lifetime. If they were at least financially irresponsible, they could probably rebuild and equip every school in demand and set up trusts to create generational wealth for their families.

These fifteen players in one case had a total net worth of most $one billion and now are not worth $thirty 1000000 together. Why did this happen? First, they overspend. If they make v million a flavor, they roughly pocket 2. They see that equally 2 million to spend considering they are as well young, immature, and uneducated. They buy Rollses, Benzes, Rolexs, mansions, and drink, eat, gamble, and party beyond rock stars. 2nd, they left college early or didn't even go, and they think they will play forever and brand millions forever. They were never taught that bills and life happen and continue, they need savings, and the paychecks, on average for NBA players, last four-5 years. They are naive about life and financial planning, and sometimes environs themselves with off-white conditions friends, punks from their posse, who steal, don't pay bills, and launder money to their ain friends, families, and are easily conned into poor business decisions. But one of their biggest problems is a lack of cocky command. Simply these 15 players have have AT LEAST 33 "babe mommas" and 45 children.

The problem goes across them and should partly fall on the lap of the NBA. Without MANDATORY emotional, fiscal, and educational requirements, this problem will get worse. In the meantime, let these ex NBA players serve as a warning.

15 xv. Antoine Walker

via fadeawayworld.com

Antoine Walker earned more $100 one thousand thousand in his 16 yr career while playing for the Celtics, Mavericks, Hawks, Heat, Timberwolves, Grizzlies, and the NBA D-League's Stampede earlier retiring in 2012. Today, he has an estimated cyberspace worth of $250,000. Much of his fortune was wasted on legal fees for DUI, writing bad checks related to gambling debts worth more than $1 1000000, and real estate losses for more $ten million.

He besides blames his ex, Evelyn Lozada, who he spent MILLIONS of dollars on between her and her family. He also had to sell his 2006 NBA Championship band he won with the Miami Heat. He has supposedly gotten himself out of debt and teamed up with Morgan Stanley Global Sports & Amusement to offering communication to NBA rookies and so hopefully this cycle will finish.

14 14. Vin Bakery

via sportsday.dallasnews.com

Vin Baker, the ex (and mayhap only) Academy of Hartford star is estimated to be worth $500 thousand after earning well-nigh $100 million during his career. The Milwaukee Bucks chose Bakery with the eighth pick in the 1993 NBA Draft and he also played with the SuperSonics, Celtics, Knicks, Rockets, and Clippers. Though he created the Stand up Tall Foundation and was part of Rodman'southward diplomacy efforts with North Korea, he blew his coin on alcohol, relationships, and bad investments.

It is true he was working at Starbucks, merely information technology's part of the deal he signed to get the possessor of his store. He moved up in the Starbucks chain and he has as well now gotten a gig as a basketball annotator on Fox Sports.

13 13. Kenny Anderson

via yahoo.com

Kenny Anderson is one of the poster boys for what non to exercise with your money. His cyberspace worth is around $800 thousand dollars but he earned more than $threescore million dollars. Anderson was the 2nd overall pick in 1991 and played for eight NBA teams. He also played overseas and coached in the Continental Basketball Association. Part of the reason he spent so much money was child support because he has seven children with v different women. He was recently fired as a boys' high school basketball game coach after being arrested for a DUI. He was also recently part of an off-Broadway production where he discussed how he was sexually abused equally a child. This is another example of how the NBA is failing. Some of these kids need help, and they owe them networks to get them assistance.

12 12. Robert Smith

via si.com

Robert Swift was a 7 foot middle who tried to brand the leap from high school to the NBA and his hype seduced Seattle to accept him with the 12th pick in 2004. Early in his career, Swift ruptured his right ACL and and then tore his lateral meniscus. His life spiraled downwardly as he literally went broke. He couldn't keep upward with kid support, his booze and drug addiction, and his mortgage payments. The depository financial institution foreclosed on his house, and when the police force had him removed they found multiple weapons and heroin. Things have merely gotten worse for he was arrested multiple times for attempted robbery and drugs. He admits to living in the streets, being in jail, and sleeping in churches. He currently lives in 50.A and dreams of getting a shot to play again in the NBA. He is make clean and plays in various men'southward leagues.

eleven 11. Jason Caffey

via al.com

Former Chicago Bulls forrard Jason Caffey has been running into problem ever since he retired and he appears trapped in a cycle. He was a journeyman for about of his career but won two NBA titles with the Chicago Bulls. He lost $34 meg in career earnings through personal problems that include an assault charge and fathering x children past 8 different mothers. Did you become that, 10 children from 8 women, which he struggles to support (DUH).

In 2007, Caffey was arrested for not paying child support (DUH again), and the latest reports say the old NBA frontwards cannot file for bankruptcy since it opens the door for the eight mothers of his x children to sue him. This deadbeat dad tried to file for bankruptcy in 2008 anyway, a hail mary, simply the claim was rejected by a gauge.

10 10. Delonte W

via nypost.com

West's journey into the abyss is far more alarming than merely impregnating every woman who came his way. He mad made millions in the NBA while playing for 5 teams after being a outset round pick. Still, Delonte spent one-half of his career playing with an undiagnosed mental disease and ran through money faster than he could get in. He battled mania, depression, and was eventually diagnosed as bipolar. In many ways he was failed by the NBA.

Mental illness is as hard to diagnose and as misunderstood every bit any illness. This isn't the 1940s. Feet, low, and mental affliction is extraordinarily common and is often confusing to the patient. The NBA must develop programs and realize many of their players demand a safe and supportive environment to enquire for help. They should be a pioneer for all professional person leagues.

9 9. David Harrison

via wthr.com

David Harrison, another 1st round option on this listing, was drafted by the Pacers. His on court play left little to be desired, and his prime time highlights came during the Malice at the Palace, a huge brawl with fans that stigmatized and embarrassed the NBA. His $4 million disappeared quickly and all sorts of stories surfaced virtually him not having the cash to eat at McDonalds. But what does this tell u.s. nigh the NBA and its players? These athletes have been coddled and spoiled then much they may have lost any ability to rationalize their actions and envision the consequences.

These are certainly an individual's decisions and the fight was inexcusable, merely a visitor as rich as the NBA, who knowingly exploits payers with dreams very few volition reach, should take strict or mandatory counselling programs.

8 8. Darius Miles

via bnd.com

Darius Miles was drafted to the NBA directly out of high schoolhouse (strike i), and his outset two NBA seasons were successful. Only then he was traded to the Cavaliers and the Trail Blazers, where he collided with off the court problems. He argued with omnibus Maurice Cheeks and was suspended for substance abuse (strike 2). He injured his genu desperately in 2006 (strike 3), and was out of a job until he signed with the Grizzlies in 2008. However, he was already on that slippery gradient and despite earning $66 one thousand thousand, by 2016, Darius had $500,000 in assets and $1.5 million in liabilities.

The NBA seems besides scared to fight the jump of high schoolers or underclassmen to the NBA, but these kids, 99% of the time aren't fix. They face too many dangers and this story repeats itself to ad nauseum. At one point, something has to give.

7 7. Chris Washburn

via theundefeated.com

Washburn was the tertiary overall pick in the 1986 NBA Draft, but drugs batty his career and life. He received a lifetime ban from the NBA in 1989 afterward failing iii drug tests in three years. He lost the drive to compete and was hands drawn to the party life. His life completely roughshod a part and he lived in crack houses and abased buildings. He finally hit rock bottom after being sentenced to 12- and thirteen-months for drug charges. He was so far gone he couldn't kickoff for his prison team, some of which played in flip flops and boots. Eventually, Washburn got his deed together and has been make clean for 14 years. He is at present living with and taking intendance of his sick grandmother.

6 6. Derrick Coleman

via syracuse.com

Some athletes become better people long afterwards their money and ego are gone. Gone are the days DC's black, gold rimmed Cherokee blasted bass, parked wherever he wanted, drank, and fought at Syracuse Academy. Gone are the days of him laughing after missing shots and walking back on defence force. Gone are the tens of millions of dollars he was paid during a 15-yr career, and so is the posse he idea would never abandon him. So what did he do then? He went dorsum to the 'Cuse and earned his degree. He also heard nigh the water crisis well-nigh his home boondocks in Flint, Michigan, where lead poisoning in the water has caused a state of emergency. Diseases and bacterial outbreaks have run rampant and killed and poisoned children, women, and men. The new Derrick Coleman drives an hr one way to randomly deliver bottled water to homes. Too bad few people know the new DC.

v 5. Shawn Kemp

via amazonaws.com

Shawn Kemp is worth about $five 1000000 afterwards earning over 90 one thousand thousand in his career, which doesn't include the millions he earned from endorsements, most notably with Reebok. He never attended Kentucky (sound familiar) and declared for the 1989 NBA Typhoon. Kemp was drafted #17 by the SuperSonics, won a gold medal with the U.S in the 1994 FIBA World Championship, made the Finals in 1995-96, and and so the problems started.

He was dealing with weight issues and he fathered seven children half-dozen different women (sound familiar- squared). Child support, business firm payments, car payments and food for that many people is not exactly cheap. Shawn has also been arrested several times since leaving the league for marijuana possession.

4 4. Dennis Rodman

Tim Fuller-USA TODAY Sports

On the courtroom, Dennis Rodman won v NBA championships, two with the Pistons and three with the Bulls. Best known for his defensive and rebounding he won the NBA Defensive Player of the Year honour twice and was the leading rebounder for seven consecutive seasons. And so Dennis' behavior, which bothered me NONE, ultimately led to him away from basketball. His flamboyance led to cameos, but non security, and his popularity flamed out.

He is currently coaching the North Korean Basketball Association and he is reportedly living in debt. Bad investments, worse choices, and back child support accept wiped out his $29 million. Possibly he should hit upwardly Madonna for a loan.

iii 3. **Allen Iverson

Bill Streicher-Us TODAY Sports

Why the asterisk? There are and then many false truths about Iverson. Get-go and near relevant is he is NOT BROKE! He did squander, waste, and lose over $200 million (unbelievable) but he is worth a meg plus. First, his endorsement deal with Reebok included putting money abroad in a trust fund then when he turns 55, in the year 2030, he will have admission to one-half of it, at to the lowest degree $16 million. He will likewise be able to depict from his NBA pension and it will surely exist enough for him to purchase a cheeseburger.

Now that his financial situation is clear, it doesn't take away from the fact he was a consummate *&!#$ head to accident so much money on people that could care less nearly him. I hope when he's dorsum on easy street he's smart enough to non get used again. As a side notation, the truthful story behind his "Exercise" rambling is really quite interesting.

2 two. Latrell Sprewell

via financialjuneteenth.com

Latrell Sprewell had a cyberspace worth of $50,000 afterwards amassing a $100 1000000 fortune. He was a 4 fourth dimension All-Star and instrumental player for the Knicks and Timberwolves. But in 1997 he tried to choke coach P.J. Carlesimo during a practise and was suspended for 68 games. With his career hanging by a thread, he turned down a $21-million 3-year contract from the Timberwolves proverb it was non enough money to feed his children(what tin you lot say?). He has since lost ii homes and was prohibited from seeing his children. An ex-girlfriend one time sued him for $200 million, he owed $3 meg to the state of Wisconsin in back taxes, his boat he endemic was repossessed, at present, he reportedly rents a house in Milwaukee. How des tat 3 yr, $21 million dollar contract audio now?

ane ane. Nib Willoughby

via nj.com

The story doesn't beginning here only it's a good identify to end. The 6-pes, viii-inch Willoughby was regarded as the best high school player in the earth and, one year after Moses Malone and the same yr as Darryl Dawkins, he decided to skip higher and head straight for the NBA. Willoughby was incredibly athletic and drafted past the Atlanta Hawks. In a 1981 playoff game against the Lakers, he rejected a Kareem Abdul-Jabbar heaven claw into the crowd, possibly the greatest moment of his viii yr career.

He retired in 1984, and by the age of 43 and broke, he earned his degree from Fairleigh Dickinson. But his renewed outlook on life striking a recent road block, when at 58 in 2016, he ran and was involved in a fight with police. He was charged with possession of marijuana, resisting arrest, and aggravated assault.

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