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Another sad story about a former NBA player

Discussion in 'Sports and News' started by Drip, Jul 5, 2010.

  1. Drip

    Drip Active Member

    Truly sad for one ex Knick captain.
  2. Colton

    Colton Active Member

    I remember him first during his days at Minnesota. A physical guard with a decent handle who could really shoot it.

    Here's hoping he finds his way back.
  3. ucacm

    ucacm Active Member

    Dude played in the 70s and 80s. The article says he made 2 million during his career. Assuming that is pre-taxes, is it even surprising that he'd be broke? Unless you pick up a new post-basketball career, you'd have to live VERY modestly to survive the rest of your life on that type of money.
  4. Baron Scicluna

    Baron Scicluna Well-Known Member

    He made $2 million for the first seven years or so. He even played a couple of years after that, so figure he made at least $2.5 million.

    Even taking away half for taxes, then living on 50K a year for those ten years, which he wasn't, he would have had $750K left in 1987. It wouldn't have lasted forever, but he shouldn't have been homeless unless he made some very foolish decisions, which it sounds like, he did.

    He's floated around from job to job, never trying to improve his education or anything like that, or even learn a second trade. Instead, he's now living in his car. It sounds sad, but it's also hard to be sympathetic.
  5. 93Devil

    93Devil Well-Known Member

    It probably is not too far of a stretch to think that some of these guys (or their family members) never even had checking accounts before coming coming into the NBA, and now they are expected to manage millions of dollars?

    What do you think is more important to them - investing in a stable 10-year bond or being sure all their high school buddies have new clothes and are taken care of?

    Shit, some of these kids probably have no idea how to properly tip a waiter at an Applebees on a $125 check that has six people eating at the table.

    It's no fault of their own that they cannot handle their own money. IJAG might be more successful working in the plumbing department at a True Value.
  6. Boom_70

    Boom_70 Well-Known Member

    Sad - watched Williams play in HS. Never as smooth as his brother but he could play.

    Story seems like there is more to it.
  7. Boom_70

    Boom_70 Well-Known Member

    or as air conditioning repair specialist.
  8. Drip

    Drip Active Member

    It's easy to Monday Morning Quarterback but I gotta believe there is more to this story.
  9. slappy4428

    slappy4428 Active Member

    Sorry about Williams, but I saw the thread title and thought it was about Gene Banks.
  10. exmediahack

    exmediahack Well-Known Member

    Remember him during his one year with the Kansas City Kings, 1982-83. SI even did a feature on the Kings' hot start, much of it on Williams' arrival. He came off as an idiot.

    NFL and NBA players who didn't play past 1987 or 1988 are a threat to this existence, post-career.
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    I remember Ray Williams well from his time on the Knicks / Nets, when I was a kid. He was one of my favorite players in the early 80s.

    Sad to see this. I agree that Baron's post is pretty cold. The $2 million in career earnings the article references would be cut by taxes. Plus it averages out to $200,000 a year for his career, before taxes. And his career was over by the time he was 32. That is comfortable living for 10 years, but it's not F U money. And it's not like the $100 million contracts guys sign today, where they will have to be absolute morons to end up living out of a car. When he was 23 in the late 70 / early 80s and someone gave him $500,000 for four years, I am sure it was hard to know he was not invincible. He was a kid. And he probably didn't come from a background where he saw people stuffing money in a mattress for a rainy day. I can easily see how a guy, through bad investments and just trying to live a little can end up on hard times without any other skills to be able to get by, and end up homeless as a result -- without completely having squandered $2 million over 10 years. That doesn't suggest to me he was lighting cigars with $20 bills. A guy earning $50K a year for 20 years, earns $1 million, for example, and most people on here can relate to that not being easy street. Ray Williams did quite a bit better than that -- $2 million over 10 years -- but not appreciably better to the point where you can't feel some sympathy. He may just have bad luck, a few other problems and few skills other than basketball.
  12. Drip

    Drip Active Member

    Why not get new material and stop trolling Slappy? I don't think you are old enough to know much about Gene Banks except by trolling through the internet.
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