Antoine Walker Sells Off NBA Title Ring

Former Kentucky star Antoine Walker, a member of the D-League’s Idaho Stampede, had to sell his 2006 NBA championship ring from his time with the Miami Heat thanks to financial problems, TMZ reported Monday.

The report said that the ring sold for $21,500. It was a sale he was forced to make, TMZ reported, thanks to his 2010 bankruptcy case, which TMZ said had Walker with $12.7 million in debts and $4 million in assets.

TMZ said that the sale, which seeks to liquidate Walker’s assets, would have to be approved by a judge before it’s finalized.

Walker won a national championship in college, as a reserve with the Heat in the NBA and sandwiched a star-studded turn with the Boston Celtics in between the two. Now he is trying to climb his way back to the NBA by proving himself in the D-League.

Sports Illustrated recently chronicled his struggles and found Walker overweight and shooting a miserable 37% from the field this season – an incomprehensible plight for a man who made about $110 million during his NBA career. Antoine Walker profile

[TMZ.com]

4:27 PM on 3/19/2012

MrT

I do not know the “Walker” story, but when these guys sign a 10 million dollar deal, they should get paid a million and nine of it invested somewhere or something. They act like they are going to make 10 mill a year until they are 65 and then five years later when they find themselves washed up,,, They still have their 9 million a year payments on something they could not afford in the first place. Oh, I am sure it is not all their fault and there are plenty of people making a buck off of them… But you get my point…
- Anonymous
  
  Excellent Point
- Kfraz1time
  
  Exactly, you don’t know the Walker story. He tried his hand at investments……..he wasn’t very good at it. He was a better basketball player than an investor.
- Mr.Louisville
  
  When you dont know about money and how to send and save you think you will never need again. He lost most of his money in bad investments, running wit people who could lose millions and not feel it. Trying to live like the Jones but his name is Walker.
The Wilk

Where did all the millions go, idiot? Up your nose?
- Anonymous
  
  Ain’t that much coke in columbia!
  - Anonymous
    
    It’s Colombia, not ColUmbia you ignorant arse.
- Anonymous
  
  He does have a big nose :8(
- Anonymous
  
  coke don’t cost all that much
Jamesb

He’s as money saavy as Obama. Spends WAY more than comes in – nice job A.W.
- GSE
  
  YOU MEAN GEORGE W.
  - Anonymous
    
    word up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  - Chasev
    
    No, he means Obama.
    - Pacc
      
      No he mean both Bush’s
      - Anonymous
        
        tru that
      - Anonymous
        
        National debt has increased more in the last 3 years than the previous 8 combined…. do some homework
        
        Anonymous
        
        You do your home work and shout up and stop with the crap this is about sports. The fact you races white boys can’t stand there a black president that’s your f*****g problem punk. If you don’t like it take your whites a** to Iraq and lets see how long you last. Until shout up and go f*** a fat batch you trick a** punk b****
      - Anonymous
        
        He does mean Obuma.
      - Nicodemus
        
        No he means Obama. Bush left office with 7.2 trillion in debt, Obama has it up to 13,7 trillion and counting. By the time he leaves office in January it will likely be double that. IF he gets a second term we’re all financially doomed.
        
        stork
        
        GW had a surplus
      - kdub
        
        George W. spent way too much. Having said that, BO has spent more in 3 years than W did in 8.
        
        Yr full of hate
        
        Stop Mxxxxxng lieing. When Omaba got there it was 9trillion. , now its 14 trillion, can u count. And that 5trillion of Oboma went to bail out the auto industry, who are doing well, the banks who are doing well and paying back all of it. Railroads and bridges being repaired. where have u been Mr. Red Neck?
    - bp
      
      people still on the obama stuff. we all know that the war was here long before obama and jobs were gone before he even took office. so i guess hes a bad guy for at least trying to fix an impossible mess that he didnt create. this guy just blew his money like many do. and obama has to spend money to fix this dam mess the other administrations got us in duuuhhh! he wouldnt have to pass bill after bill if present admin would have left our economy for dead. foreign trade, not giving industries tax breaks. over taxing the middle and lower class, overpaying overseas contractors, bassing bills that generate income for theyre own family business. all that ish was way before obama admin. oh yes im a white guy also. just stating the facts. so whos really to blame. we are the people that put people in office that dnt give a rats but abt us.
      - Anonymous
        
        says it all
  - BBarker
    
    Actually Obama has spent more than every president combined since George Washington. Bush deficits were a drop in the bucket compared to Obamas, and he is still spending. I understand facts are tricky things, but try to stick to them.
    - Anonymous
      
      The bills Obama are paying for are hardly his own.
      
      Bill Clinton handed Bush a government with a $236 million dollar surplus with 10 year projected surplus $5.6 trillion. Bush ended his term with $1.3 trillion and a projected $8 trillion 10 year short fall. Thats an overall loss of over $13 trillion. Thanks alot BUSH!!
      - LOL
        
        I’m just wondering how this article got onto Obama number one. And number two if anybody blames Obama for this country’s “spending” habits or blames him for trying to fix a mess OTHER Presidents made then there comments aren’t even valid! Like go do some research & stop trying to blame the Black guy! lol I’m sure white people don’t make tons & blow that either go see Charlie Sheene start there…
      - Anonymous
        
        Clinton handed Bush a recession, among other things.
        
        Anonymous
        
        A recession and a plotting Osama Bin Laden.
      - Peter Locke
        
        Pure fiction, which is all you decrepit liberals have left. None of your numbers are even close to accurate, and even then, you’re comparing budget deficit “projections,” not real numbers. Current, immediate national debt is over 16 trillion and rising fast, nearly half of which has occured under Obama. He and he alone is personally and solely responsible for more spending than any President in American history- indeed, more spending than almost all Presidents in American history combined. Presidents are elected to lead, to take resposibility, and Obama has been a colossal failure. So you continue with your Marxist delusional fantasies. The rest of are looking to taking our country back in six months.
        
        Knowledge Spitter
        
        “Delusional fantasies”?
        
        Like the GOP having a victory in November? That type of fantasy?
        
        Obama will win by a larger margin of victory than 2008.
        
        I PROMISE!
        
        Anonymous
        
        Please shout up you don’t have s*** to say. This is about sports if you don’t like the president move to Iraq and lets see how long you last there.
      - Avenger
        
        Stop whining and passing the buck! B.O. is President and he needs to man up and face the fact that he is the captain of the ship and is responsible for everything that is going on.
      - BILLY
        
        A SURPLUS BY CLINTON? WHEN PEOPLE ARE TALKING ABOUT THE MAJORITY OF AMERICANS BEING IDIOTS… THEY ARE TALKING ABOUT YOU, MORON
    - Anonymous
      
      A*****e, isn’t this article about a basketball career gone bad, not politics????????????
    - Anonymous
      
      Wonder why he had to spend so much…..he had to continue to clear up Bush’s mess! Stick to that!!!
    - Anonymous
      
      http://www.treasurydirect.gov/NP/NPGateway
      
      National Debt UNCENSORED! Including both publicly-held and intragovernmental:
      
      Clinton inauguration, January 20, 1993: $4,188,092,107,183.60
      
      Bush inaguaration, January 20, 2001: $5,727,776,738,304.64
      
      Obama inauguration, January 20, 2009: $10,626,877,048,913.08
      
      Today: $15,574,238,368,104.89
      
      Can we hear some golf claps for Clinton!
      
      And let’s welcome Antoine Walker back to the 99%!
  - Anonymous
    
    YOU MEAN OBAMA.
    - lil giant
      
      NO bush …
  - Anonymous
    
    Dictator Obama
    - THOM
      
      YOU MEEN OSAMA
      - Anonymous
        
        Grow up..
    - yardee007
      
      Dictator Bush
      - Anonymous
        
        dictator Bush? lmao oh brother
    - Lori1234
      
      What an idiotic statement….and you wonder why you right wings get such a bad rep…..you always take things to an extream and say stupid stuff!!!!!! And you don’t even have the guts to sign your real name!!!!
  - conte
    
    GSE, you are 100% right, Bush spent all the money on wars we did not need, DESTROYED OUR ECONOMY AND SURPLUS BILL CLINTON LEFT BEHIND!!! NOW, THOSE ARE THE FACTS:)
    - Anonymous
      
      cant stand ignorant liberals
      - Anonymous
        
        We can’t you you punk b**** so sout your mouth because no one is listening to what you got to say
    - Bnginb
      
      George Bush came in with an surplus your idot. He put the country in ruins an his term was up do you think just because you leave office the bill stop coming someone had to clean it up an it cost to have 2 wars look at the defense cost take that away we will be lower the Bush you red necks get on my nervs
  - virg
    
    no he means OBAMA!!!
- LadyMagic
  
  What does the President and politics have to do with this. You are comparing apples to grapefruits; this about sports, money, and players. What you should be saying is why do the agents have more than the players in any sport and why don’t we hear about the white players who have these same problems. Not all black/hispanic players lose everything, it just that we don’t hear about the good they do with their money when they walk away from the games, because no one wants to hear that so n so is now the Mayor of a city or the principle of a HS or own his own business. That is not interesting or news worthy. Leave politics to the other blogs and talk sports here. I bet you don’t have more than two weeks pay in the bank either.
  - Mike Paige
    
    There is always somebody that wants to bring race into the picture. Race has nothing to do with the spending of antoine Walker. It just so happens that he is Black. The reason that you keep bringing up race means you are no better than racism. Get a life people. What happened when Bush messed up and everyone got after him was it because he was white I think not.. this is not a Black thing and its definitely not a white thing so think before you speak LadyMagic!!!!!!
    - RAY J
      
      Thanks Mike You are so RIGHT!!!
  - dee ore
    
    ditto ladymagic this is exactly what happens all of the time ….sports not politics
  - Tonya
    
    My thoughts exactly.
  - Topazz
    
    H E L L O!!! SO TRUE!
- Anonymous
  
  you spell BUSH – B-U-S-H- i will help you by using it in a sentence. – america was bush wacky nutted by the right wing. hope that helps
  - Gramatica
    
    Gee, thanks for the spelling lesson! Now for the capitalization lesson: it’s America idiot….
  - DAVID
    
    JUST THANK WHAT THE BUSH LEFTOVER GOVERMENT ARE GETTING OUT OF THE DEAL(S) OF HIGH COST TO THE AMERICAN PEOPLE LIKE THE IRAQ WAR WHEN HIS GOVERMENT GAVE CONTRACTS TO HIS FRIENDS AND FAMILY
- GBootz
  
  -.- again with another conservative bringing politics into something FAR from it… NO MATER WHAT PRESIDENT we have our debt is always increasing… When you have half of congress worried about their party taking office and making Obama fail by turning everything down, how do we bouce back? There is no bipartisan effort… Get off of Fox news, and Rush radio so that you can become open minded..
- Anonymous
  
  RRacist please shout your mouth this is supposed to be about sports not the president. You have no life and fact you are talking about Obama he’s doing things right. In November I assume you will shout your mouth because we all know there will be a repeat victory. Stop lying to yourself and grow up and be a man because boys don’t belong here.
Mark

I really can’t find sympathy in my heart for a person who made $110 million dollars during his NBA career and is now broke. People all around the country are struggling to keep their heads above water..and Antoine just blows through more money than most people will ever see in their entire life. Good luck to you Antoine
- wade
  
  Exactly, what an a**
sump

what a loser
seriously?

The poor guy only made 110 million dollars in the NBA. No wonder hes broke. How are you supposed to survive on that?
Jason

Whoop dee do, the once multi-millionaire blows through his money and have to sell all his belongings.
MoneyDowntheDrain

So SAD TOO BAD. There is always Burger King or Wendy’s. What a mess!
- MstrBlstr
  
  I believe its “Too bad, so sad” , not So Sad too bad!
Anonymous

He would make a great WalMart greeter!! What an idiot!!
- Orlando
  
  Please!!!!!!!! Don’t insult the walmart greeters.
the replacements

do you know how much insurance costs for a ferrari motherf***er?
hahahahaha

I’m happy! I hope he never makes it back to the NBA. Stupid toad
Mo Money

Mo Money! Mo Money! Opps! No Money! 9 to 5 is an option. Most Americans do it.
Anonymous

You people are losers…..
- Anonymous
  
  Some, I agree
bostonboy44

Antoine should have invested the first $500 he made in a good financial management course!
jj

Does he still have a posse hanging around??
Melloman

I don’t care what it is even sports you redneck racists can’t help but pull Obama name into the picture even if its not related to politics. Put the sheet back on your head and admit who you are., you sorry excuses for a human being.
Anonymous

I find it funny to read all the comments about how stupid he, and how much of a loser he is. Wonder how much sense all of you name callers our there would have if you made half as much money as he did, and in the amount of time he made it in. Don’t be so quick to assume something that you never had to experience. Check your facts on how many lotto winners, which happen to be white since you want to throw that out there, are dead broke in the water and they came up on twice as much money as Antoine did and did so in less than 24 hours.
- Joby
  
  Very true – we don’t know the whole story. It’s very easy for any of us to say that we would have acted differently had we been handed X million dollars when we were 20 years old. Maybe it would have been different – probably not. It is also easy to think our own stupid decisions would stand up under scrutiny if someone wrote in the newspaper about our problems. Again, probably not. The man learned an important lesson; he doesn’t need anonymous people throwing rocks at him. I hope he digs his way out and makes better decisions going forward.
Anonymous

Regarding Walkr I don’t feel one bit of empathy for theses high price game players who makes more money in one year than most people do in their lifetime.
Anonymous

if your living in a glass house dont throw stones
homer

The only reason he was able to make that much money is because we continue to support these way overpaid athletes. When is it going to stop……..
- Grego
  
  When everyone stops buying beer and cars.
Anonymous

All you people that are bashing this man……. I hope you never find your selves in the same situtation, cuz believe me you wouldnt like to hear this things.. have a heart and just wish him well. You never know what issues this man is facing, regardless of how much money he made.
- Try Again Bud
  
  MMMM I would love to make just 1 million! Nope, I wouldn’t be broke either. There is a very low chance of any of us making 110 million bucks. Nice try…
12547

Guess Evelyn took all his money when they were together
Anonymous

Yeah I feel bad for this guy I hope he was nice to people because if he was a jerk and a snob
g wiz

hes a baller stop hateing
jamahl

This is clearly a racist story, why not write about a white man going broak
- TC
  
  Can you define “broak” for me?
- Just because
  
  Never in my wildest dreams would I have thought this would all be wound around race and politics. Oh wait I get it now,,,, He gave all that money to the Obama camp so we could have a mixed race president who forgot about his mother. Get a clue folks He got paid and he went broke…… White, Black, Yellow, Red or whatever if you mismanage what you have it disappears. Solid
  - Anonymous
    
    B**** shout up
- LoL Willis
  
  It’s because they don’t misspell (broke) as broak.
- ty
  
  learn how to spell broke u low IQ person
- Anonymous
  
  broak…u gotta be kidding me.learn how to spell
- Racist
  
  Everything must seem racist to you huh!? I bet you’re “broak” too
- Anonymous
  
  ok, broke. That’s how its spelled.
- blu
  
  yeah its very unfortunate the way some people misuse there funds however this just WENT SOUTH !
- Anonymous
  
  … or a story about someone named jamahl learning how to spell!
- Anonymous
  
  You mean “Broke” right?
- Anonymous
  
  ha ha broke
teascoop

LadyMagic: Read about Chris Herren who happens to be white. It takes ALL kinds.
dtruth

Please help me understand how this type of stuff happens? PLEASE!!!!!!!!!!!!!!
dtruth

HOW??????????WHY????????
Anonymous

You know what this guy had a great career. But in the end if you don’t manage your wealth you end up broke. Black or white race has nothing to do with it @jamahl I ‘m sure your one of those guys that feel your always slighted by the man.Your ignorant learn how to spell its broke before you comment.The guy had millions and gambled it all away.
- Ron Hampton
  
  You learn how to spell you Tard. It’s You’re not Your… You Ignorant hillbilly.. I’m also white. ha
rob filice

obama and walker have the same problem, because they are both a lot alike. they grew up with the same type of parents, same type of family values, same type of up bringing…I think we can all admit that this is the norm in the inner city. Inne City people spending more than they have, while Suburban folks are much smarter with their money
- Anonymous
  
  Most suburban kids I grew up with ended up coke head alcoholics in college. Money has nothing to do with ones morals.
- Jordan
  
  Why do you guys always have to bring politics into it? Obama was raised by a single white woman in Honolulu, I doubt he had the same upbrining.
GRII

Most of the time it is un scrupulous financial advisors who end up with most of these peoples money. They would do better to invest it themselves or even just put it in a CD, or savings accont, where they could negotiate a better interest rate with the volume of cash they are dealing with. everyone also needs to learn to live within their means. No one, and I mean NO ONE needs a 20,000 square foot house and 25 cars.
- bnginB
  
  Obama not from the inner city @rob your facts are wrong A. Walker trusted other and tried to feed everybody while attempting to live the life style of Micheal Jordan without the income or people around him to advise him correctly. He will bounce back in someway or another because people hate to see there idols off bad. But will not help Teachers, Police officers, Social workers. You know People who have to clean up the mess this Capitalist world creates.
Anonymous

I knew I saw Antoine Walker on a “feed a child” commercial! lol you don’t hear these stories about white people because we manage money well. You other people need to take notes!
- ob
  
  u white people steal a lot of money. that why the country is in this mess
Anonymous

i like obama
Justice4all

You can distinguish the Caucasians by the comments they make immediately.Even in the year 2012, how sad.
Battle Axe

I have a little empathy for him… guys with the kind of talent that takes them to the NBA, NFL, etc. are treated like gods from a very early age — others (including adults) give them breaks, benefits, favors, passing grades, etc. just so these other people can be ‘hanger oners’ to someone much more talented than they. They want to bask in the glow by association. Many of these players don’t have any responsibilities so they don’t learn how to take care of their money, and no one’s asked anything of them except to win. Then when the big bucks come in, they can’t imagine the amount of money they are told they are being paide and it seems they could never spend it all. And sometimes they have crooked accountants who rip them off, they are surrounded by people they trust, when they shouldn’t be trusting them at all. And if he did make $110 mil, he has agents (and they get their LARGE share), accountants and investment counselors, mortgages, family and friends who always “just need a little help” , etc. all taking a piece of the pie…. not to mention Uncle Sam! And the economy hits everyone. Yeah, it’s a lot of money, but not everyone has the skills on how to live on it. Most lottery winners are bankrupt within 5 years…. The grass is NOT always greener, folks.
cav

learn how to spell………idiot
- NO THE FACTS
  
  ITS CRAZY EVERYONE FUSIN CUZ THIS GUY WENT BROKE IM BROKE IM BLACK AND IM PROUD TO SAY THIS BLACK GUY IS A IDIOT IF U WANT TO KNOW THE FACTS ON WALKER YOUTUBE HIS INTERVIEW IN U WILL SEE WHAT REALLY HAPPENED YOU WILL SEE WERE HIS MONEY WENT IN HOW STUPID HE LOOK GIVE ME 1 MILLION IN ILL NEVER BE BROKE AGAIN GIVE ME 110 MILLION IN WELL U DO THE MATH HELLO WORLD THIS IS NOT ABOUT POLITICS OR RACE ITS ABOUT ONE MAN WHO MADE STUPID DECISIONS IN IS NOW PAYING THE PRICE
Lanni

if he had put just ten mill in the bank he could be living off the interest right now,….he could have bought property, comercial property…crap he could have moved to ecuador and been the king
neko

More of these stories to come. Not a racist story at all, just another dumb a** making BAD decisions with his millions.End of story!!!
Anonymous

Maybe Obama can bail him out.
- mr.sims
  
  why you mad cause you rich and finally you ppl have to pay some taxes your not broke or starvin so stop hatin and give something back you idiot. lol
D Man

Alissia Rivenburgh, 34, hit the jackpot 5 years ago with a $1 Million dollar lottery win. But was jailed yesterday for breaking the terms of her probation.

Back in 2010 she was convicted on charges relating to cocaine. Assistant DA Keith Muse said Alissia had failed to meet her obligation to attend a treatment program, and had therefore breached the terms of her probation.

Appearing before Judge Andrew Ceresia yesterday, she was sent to Rensselaer County jail awaiting a court appearance scheduled for 24th August.

Alissia and husband William won $1 Million on a scratch off ticket on 14th November 2006. When they pleaded guilty to drug charges in January 2010, the money was already spent and the couple were broke.

There’s never a better time to get your life straightened out, than just before you win the lottery millions.
Ngl

It is very sad story, money come then gone.
D OtherMan

Back in 1988 in Pennsylvania, William Post won a sizeable $16.2 Million on the lottery.

Somehow his ex-girlfriend managed to sue him for some of the winnings. His brother actually hired a hitman in the hope of inheriting a share of the winnings. His other brothers and sisters pushed him into investing in two businesses that gave him zero return.

It took him less than a year to end up $1 Million in debt, and living on Social Security payments.
Another story…

Andrew Jackson “Jack” Whittaker, Jr. was the president of of a successful contracting firm called Diversified Enterprises Construction. At 55 years old, Whittaker was living a successfully comfortable American life complete with a a net worth of over one million dollars, a well rounded family, great job and healthy grandkids. On December 25, 2002, Whittaker’s life changed forever when he stopped at a supermarket to fuel his Lincoln Navigator and purchased a deli breakfast sandwich and a Powerball Ticket worth US$315 million. The jackpot won by Whittaker was the highest ever in the United States at the time and Whittaker chose the cash payment option receiving a check after taxes for about US$113.4 million. Little did Whittaker know, the devastation that ticket would cause on his life.
OKC Thunder

A. Walker will be ok and so will Jason Williams aka White Chocolate. I read a story that he was in financial
trouble too. O, by the way isn’t he white?
I’m Just Saying

If everyone took classes on financial planning at an early age, everyone would know what to do with their finances. Everyone doesn’t, therefore some utilize the next worse thing, “Trial and Error”.
anonymous

He is a man who made mistakes with or without a money manager. not unlike so many other non basketball players who make bad mistakes with money. none of us should judge anyone. we all make our mistakes. not about race. just a fact of life. he just had a lot more money than most americans regardless of race. I do feel for him having so much then losing it. but life can go on. keep trying. As Rocky put it “Its about how hard you get hit and keep moving forward”
LOL

Ron Paul Revolution!
Antoine Walker

Suck my big one!!!
Obama Supporter

JamesB is a Idiot…..
Anonymous

what an idiot!!!!!!!!!!!!!!

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