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Reader Comments (Page 1 of 1)
10-29-2009 @ 2:50PM
Frank Fitton said...
Walker’s situation is one that shows just how imperative it is for pro athletes to have good financial planners around them. People that did not grow up with a lot of money have no idea what to do when they are instantly given these kinds of contracts. Often times they waste money on lavish material goods and surround themselves with bad people who are as naive as themselves when it comes to how to plan your life out financially. There is no reason that an NBA player shouldn’t be able to live their whole life off of those kinds of earnings from their playing days.
If some good can come out of Walker’s situation hopefully it can serve as an example to younger players in a similar situation to what he was blessed with 10 years ago. The league does mandate a type of financial seminar for its rookies, and this case will be one that will most likely be alluded to often in those classes.
When playing Walker always used to show off his patented wiggle after a made three pointer, this situation though is going to be hard to wiggle out of.
Check out my blog on Antoine Walker's situation at... http://www.thedebtgazette.com/2009/10/antonie-walker-financial-trouble/
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