The mechanism by which many athletes and millions of Americans go broke can be easily visualized by a metaphor of a large bathtub. For top athletes, the tub is better represented by a swimming pool. But for now let’s keep it a large tub. The faucet represents our earned money. The more we earn, the more water is pouring into the tub. Of course, the drain represents our expenses. As we earn more, the faucet pours out more and more water, filling
We’ve all heard the stories about athletes, including basketball players, going broke despite making millions — or tens of millions — of dollars. From Scottie Pippen to Allen Iverson to Antoine Walker, the ledger of those who have squandered their fortunes is a long one. How does this happen? Why? As I told Noah Coslov of CineSport in this video interview: “The biggest thing is not really understanding how current lifestyle will impact their future lifestyle.” I have written a book on this very
Monday night began with a mild surprise — the Bulls won in Cleveland as Derrick Rose and Jimmy Butler were superb. [Read more…]
The Houston Rockets had every opportunity to run the Los Angeles Clippers out of the gym on Monday in Game 1 of the conference semifinals. The Clippers were just two days removed from the most emotional win of their season in Game 7 against the San Antonio Spurs and played without Chris Paul, who sat out the contest due to a hamstring injury. Meanwhile, the Rockets had five days of rest after taking care of the Dallas Mavericks in just five
I was one of 25 voters who chose James Harden as the NBA’s MVP, and I feel as strongly about my decision today as I did back when I cast my ballot the day after the season ended. As I said then, it was the toughest MVP vote I’ve ever been a part of. What was interesting to me Monday when the ballots were released was the ledger of other voters who went for Harden over Curry. I imagine you have
With about two minutes remaining in Saturday night’s Game 7 between the San Antonio Spurs and Los Angeles Clippers and still no clear indication regarding which team was moving on and which team was going home, Tim Duncan gave himself a break from the magnitude of the moment and offered some candid perspective. The All-Star forward and face of one of the handful of NBA dynasties approached Doc Rivers, who was in his 12th Game 7 as a coach. With one
In the four years since their unlikely 2010-11 championship season, the Mavericks have made the playoffs three times, missed them once, but have not advanced past the first round. In those three playoff series, they have a 4-12 record. That record has made them the poster children for second-guessers because after winning the title, owner Mark Cuban and general manager Donnie Nelson decided to gamble on greatness rather than being deluded by a perfect storm. The criticism of the Mavericks – particularly
Two second-round playoff series begin tonight, and in daily contests at DraftKings, the one in Houston could be the key to profits. [Read more…]