The 10 Most Broke Former Superstars: Where Does Eddy Curry Rank
In 2008, it was rumored that Eddy Curry was so desperate for money that he asked the New York Knicks for an advance of $8 million on his salary of nearly $9 million.
The Knicks said no. They gave him $2 million instead and that still didn't save Eddy Curry from financial turmoil.
It's hard to imagine that $2 million can make such little impact in anyone's life, but for athletes the story is commonplace.
With millions of dollars at their behest and delusions of grandeur, many of them fall into a vicious trap of irresponsible planning and overspending.
As is often the case, they lose all of their money before they even know it. Here are 10 former superstar athletes that have gone broke...
10. Kenny Anderson
In 2005, after earning an estimated $63 million over 14 years in the NBA, Kenny Anderson retired from the league and filed for bankruptcy.
Anderson attributed being broke to foolish expenses, which included a self-imposed monthly allowance of $10,000 to hang out, and a generous heart. He often handed out thousands of dollars to his friends and family.
He was also responsible for several child support payments and lost half of his assets in a bitter divorce.
Five year later, he is getting a fresh start. He just graduated from college and received a degree in organizational leadership.
9. Scottie Pippen
Scottie Pippen, a Hall of Famer and six-time NBA Champion, has earned $120 million over his NBA career. But a series of irresponsible financial decisions and bad business investments virtually cleaned him out.
Among his expenses, a $4.3 million Gulfstream II corporate jet and investment losses of $27 million.
A 42-year-old Scottie Pippen made a comeback in 2008, playing four games overseas for a Swedish team and a Finnish team in a Scandinavian tour. He reportedly earned $66,000 for the brief stint.
8. Lawrence Taylor
Hall of Famer Lawrence Taylor, during his 13 year NFL career was a dominating defensive presence while playing linebacker for the New York Giants.
Unfortunately, his success on the field has been tarnished by off-field controversy. A long list that includes arrests, cocaine addiction, alcoholism, lawsuits, tax evasion, and a rumored connection to a drug cartel.
His antics briefly caught up with him in 1998, when he was arrested for not paying child support. He eventually filed for bankruptcy to reduce his payments and avoid losing his home to foreclosure.
After over a decade of excellent behavior and sobriety, he has once again reverted back to controversy.
Late in 2009 he was arrested for fleeing the scene of an accident and just recently he was arrested and charged with the statutory rape of a 16-year-old girl.
7. Antoine Walker
Only four years removed from winning the 2006 NBA Finals with the Miami Heat, Antoine Walker's career and finances have been on a downward spiral.
In 2009, he was arrested and charged with three felony counts for writing bad checks to pay gambling debts to Las Vegas casinos in excess of $800,000.
Last month, the former three-time NBA All-Star filed for bankruptcy.
He reported assets of $4.3 million and $12.7 million in debt.
Only 33-years-old and understandably desperate for a paycheck, he was last seen earlier this year trying to make a comeback in Puerto Rico to earn $7,000 a week.
6. Evander Holyfield
In 2008, news broke out that Evander Holyfield's multi-million dollar Atlanta mansion was in foreclosure. It was then saved from auction at the last minute. A year later, it was in foreclosure again.
"The Real Deal" still found a way to keep the home and refuses to let it go even though he clearly can't afford it.
The 109-bedroom, 232-acre home has 17 bathrooms, an Olympic-size swimming pool, a bowling alley, and a movie theater.
Word is it costs over $1 million a year to maintain.
Adding to that, he has to make monthly child support payments estimated at $500,000 to at least eleven children from several different women and has gone through two expensive divorces.
No wonder he won't stop boxing.
5. Latrell Sprewell
Many remember Latrell Sprewell for the infamous 1997 choking incident of then Golden State Warriors coach P.J. Carlesimo.
He is also remembered for turning down a 3-year, $21 million contract extension from the Minnesota Timberwolves during the '04-'05 season because he was insulted that it was too low.
The next year, with still no NBA contract offers, his agent Bob Gist declared, "Latrell doesn't need the money that badly."
He never returned to the NBA.
Since 2007, he's faced several financial setbacks, including a $200 million lawsuit from his ex-girlfriend, a repossessed 70-foot yacht of which he still owed $1.3 million, and two foreclosed homes.
4. Eddy Curry
In 2005, Eddy Curry signed a $60 million, six-year contract in a sign-and-trade deal that sent him to the New York Knicks.
You'd think he'd be able to live off of that for the rest of his life.
But that's not the case. Last month it was revealed that his finances are in such dire straits that he has been unable to pay a personal loan of $570,000. The loan was taken out in 2008 and Curry agreed to pay it back with a whopping 85 percent interest rate over five months from a Las Vegas based lender. Wow.
Curry detailed some of his monthly fixed expenses that have prevented him from paying that loan in a court document: $6,000 for a personal chef, $30,000 in household expenses, $1,000+ for satellite and cable TV, $17,000 allowance for his friends and family, and previously ordered garnishment of $207,000 from his monthly paycheck.
He also has a $350,000 personal loan from Juwan Howard.
It's been a tough time for Curry. Last year, his nine-month-old daughter was murdered, along with his ex-girlfriend. He also had to deal with custody battle for his son Noah and a sexual harassment lawsuit. To top it off, his Chicago mansion went into foreclosure.
In case you were wondering, Eddie Curry is actually still in the league. Lucky for him, he's got a player option for $11.2 million next year.
On the bright side Eddy Curry isn't living out of his car or spending time in jail.
3. Marion Jones
Olympic gold-medal winner and track-and-field star Marion Jones was one of the wealthiest and most successful female athletes of all time.
Then it all came crashing down.
She was involved in a performance-enhancing drug scandal that stripped her of the five gold medals she won in the 2000 Summer Olympics. Then she was also linked to a check-counterfeiting scheme that involved her coach, agent, and ex-boyfriend.
All her legal troubles drained her finances and resulted in the loss of a $2.5 million mansion in North Carolina via foreclosure and the subsequent sale of other properties.
On January 11, 2008, she was sentenced to six months in prison for perjury, after being linked to PEDs and the check fraud case.
At 34-years-old, she is now trying to make it in the WNBA, playing for the Tulsa Shock and earning $35,000 a year.
2. Travis Henry
Travis Henry last appeared in the NFL for the Denver Broncos in the '07-'08 season. He was released by the Broncos in 2008, one year after signing a five year, $22.5 million deal.
That same year, he was suspended by the NFL for a year for violating the substance policy.
Banished from the NFL and no monthly paycheck, his money problems became public.
The father of 11 children, from 10 different woman, Travis Henry had issues keeping up with his child support payments, estimated at $170,000.
That was the least of his problems. On July 15, 2009 Henry was sentenced to three years in federal prison for financing a drug trafficking operation.
In addition to his jail time, he has to pay a $4 million dollar fine.
1. Lenny Dykstra
Just as recently as 2008, Lenny Dykstra, a former Philadelphia Phillie, was valued at $58 million.
After his baseball career ended, he allegedly made money from car washes and the stock market. He became a stock tip guru.
Then suddenly it all unraveled. Several legal actions came to surface, there were allegations of credit card fraud and a slew of unpaid bills.
Ironically, he also started a magazine "The Player's Club" and private-jet company aimed at helping athletes make wise decisions with their money so they don't go broke.
Reports reveal that Dykstra mismanaged that company to ruin.
In 2009, as his empire and reputation took a beating, his wife filed for divorce and his brother sued him for breach-of-contract.
Dykstra is now supposedly living out of his car, in his old offices and hotel lobbies.