Yahoo Sports wrote:Eddy Curry(notes) made a shade over $10 million this year as a member of the New York Knicks. Normally, I'd have said "playing for the New York Knicks," but that's a bit of an overstatement as Curry saw time in only seven games this season. Somehow, that's an improvement as the big guy appeared in just three contests the previous year. Baby steps, you guys.
Despite that enormous salary — and the fact that Curry has made more than $57 million in his nine-year career — the former No. 4 draft pick is seriously in debt. As the Associated Press reports, Curry defaulted on a $575,000 loan with an 85 percent interest rate, which can only happen in Nevada, and has been ordered to pay back $1.2 million to Allstar Capital Inc., the world's most ironic loan service.
However, Curry argues that he shouldn't have to pay off that debt, because he's spending too much money in other places. According to reports filed in the suit Curry's outgoing payments include:
• $30,000 a month for "household expenses."
• $17,000 a month to various relatives including his parents, sister and father-in-law.
• More than $1,000 a month for cable and satellite television.
• $207,000 a month in garnished wages that haven't been elaborated upon, but adds up to almost $2.5 million that Eddy Curry never sees over the course of a year.
• $350,000 to Juwan Howard(notes). (What?)
Curry also owns 12 cars, three of which — a Rolls Royce convertible and two Land Rovers — may be taken by Allstar Capital, though Curry's lawyer says that they have reached "a mutually satisfactory resolution of the matter." Maybe Curry gets one of the Land Rovers and can drive the Rolls to important events? Seems fair to me.
Furthermore, Curry is still involved in that creepy sexual harrassment lawsuit from January of last year. Oh, and he's fighting with lawyers who he says mismanaged his money, leading to the foreclosure of his $3.7 million home near Chicago. Not to mention Curry's son's mother was murdered in January of 2009. Saying it's been a rough 16 months for the former Chicago standout is selling things a little short, I'd say.
On the bright side, Curry holds a player option of $11.2 million on his contract for next season. Pretty safe bet that he takes the Knicks up on that, even if he never sees a cent of it.
Talk about anything general in the NBA here.
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Joined: Thu May 01, 2008 2:52 pm
Location: San Francisco, CA
Poster Credit: 0
This is HILARIOUS (probably because of the way it's written) and also quite depressing. We hear too many stories like this, about athletes that squander everything away. Rarely though do we hear about it when a player is STILL in the league and STILL making top dollar. He might be a first class moron, but the worst part is it seems he is surrounded by first class morons, who have let him financially destroy himself.
ooh-missed the part about the murdered mom. Nothing is funny about that. There is one NBA player now that I surely wouldn't want to switch places with!
Last edited by Maybe Vegi on Fri May 28, 2010 10:25 am, edited 1 time in total.
"Expectation is the root of all heartache."
--Shakespeare on what it's like to be a Warriors fan / human being.
Joined: Mon Jun 13, 2005 10:21 pm
Poster Credit: 20
Another person who made the jump straight out of college. I mean, some people can be that rare exception to make the complete jump but this guy obviously failed. He's been a joke of a player, and now he is making excuses for not paying his debt on those "necessities". I don't feel sorry for him.
Joined: Thu Mar 03, 2005 11:06 am
Location: East Bay
Poster Credit: 5
sad **** man, how do you blow that much cash? 3 rolls royces? who the f needs those? 1000 dollar a month tv service--guess you have to be a fatass like curry-- anyway, sorry about his babies momma, but c'mon.. give me winning lotto numbers and me and my family are livin lavvy for the rest of our lives and it wouldnt need to be near what curry has made.
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