LeBron James autographed jersey part of former Portland Trail Blazer Darius Miles bankruptcy sale

[SlyPokerDog]

Former Portland Trail Blazers forward Darius Miles earned more than a combined $60 million in contracts during his career. The money is gone and now he is going through bankruptcy.

Miles, the No. 3 overall pick of the 2000 NBA draft, filed for bankruptcy last June. Miles listed $460,385 in assets and $1.57 million in liabilities. A combination of injuries, bad investments and legal troubles forced Miles to file for bankruptcy.

Miles, 35, was forced to sell nearly all of his belongings during a bankruptcy sale recently, according to a report.

Included in the sale was an autographed Lebron James jersey, valued at $1,500. A Larry Bird jerseys and two guns were also part of the sale. The sale also included a toaster, waffle-maker and basketball shoes autographed by Dirk Nowitzki and Lamar Odom.

The sale ended with Miles earning $12,780.

http://www.oregonlive.com/nba/index.ssf/2017/06/lebron_james_autographed_jerse.html

 

[SlyPokerDog]

I'm shocked this ended up being a bad investment.

 

[EL PRESIDENTE]

I thought that was Dante Cunningham's

 

[SlyPokerDog]

The sale went down in Illinois. Here's how it went.

-- LeBron James signed jersey ($1,500)

-- Larry Bird signed jersey ($100)

-- AR15 firearm ($500)

-- Beretta Cx4 Storm gun ($400)

-- Self-contained karaoke machine ($75)

-- Dirk Nowitzki signed shoe ($375)

-- Lamar Odom signed shoe ($225)

-- 5 VHS players (total of $21.50)

They even sold his toaster for $2.00

http://www.tmz.com/2017/06/11/darius-miles-auction-lebron-james/

 

[riverman]

The sale ended with Miles earning $12,780.

That'll keep him in crack for a couple of weeks

 

[riverman]

Larry Bird signed jersey ($100)

If he were in Boston he'd get a lot more for a Bird Jersey

 

[rotary111]

You beat me to it riverman. Seems ridiculously cheap.

 

[SlyPokerDog]

I would have gone $2.50 on the toaster.

 

[PDXFonz]

Was it a Klay Thompson signed toaster?

 

[riverman]

Dirk Nowitzki signed shoe ($375)

-- Lamar Odom signed shoe ($225)

for that kind of scratch you should at least get both shoes

 

[HomerLovesKoolAid]

Fuck Raymond Felton.

 

[santeesioux]

100 bucks for a signed Bird jersey? That seems like a good deal.

 

[BLAZINGGIANTS]

100 bucks for a signed Bird jersey? That seems like a good deal.

The jersey was Larry Bird, but it was signed by Bird Man.

 

[BoBoBREWSKI]

You've gotta be a complete moron to blow thru that much $$ so fast.

 

[crandc]

All those prized possessions netted around $12 K and he's a million in the hole? I don't get it. Couldn't he see at some point that things were going badly? Didn't he have any family or friend or financial adviser to talk to him? WTF did he invest in? Or was he surrounded by Trump Cabinet types who just kept saying he was wonderful, until he was broke and they followed some other sucker?

 

[THE HCP]

All those prized possessions netted around $12 K and he's a million in the hole? I don't get it. Couldn't he see at some point that things were going badly? Didn't he have any family or friend or financial adviser to talk to him? WTF did he invest in? Or was he surrounded by Trump Cabinet types who just kept saying he was wonderful, until he was broke and they followed some other sucker?

It was most likely his family and friends who put him into this spot.

 

[THE HCP]

Ive heard from these guys first hand how much pressure is put on them from "family" to take care of them once they make it. Tough to say no to those who were there since Day 1.

 

[THE HCP]

My favorite ex player's car ever was Travis Outlaw's G-Homie Alien Ride! Had an XBOX running on monitors all over the whole interior. Cray Cray!

 

[riverman]

My favorite ex player's car ever was Travis Outlaw's G-Homie Alien Ride! Had an XBOX running on monitors all over the whole interior. Cray Cray!

View attachment 14729

security camera catches guy trying to break into Outlaws car!

 

[THE HCP]

Nope! This shot was taken when I was an aspiring rap artist. This was to be my new CD cover shot.

 

[crandc]

I would put "friends" in quotation marks. Your true friends care about you; I think too many get involved with those who are hitching a ride. I know NBA has rookie orientation that includes both financial planning and watching out for leeches, but like the old saying says, you can lead a horse to water. I saw an ESPN program on exactly this subject, athletes who make millions and end up broke. Many think normal investments that pay 2% interest are not sexy enough and throw their money into insane schemes. Others think they can be music moguls (that one is so common) and pour millions into recording studios that go broke; Chris Webber commented he likes music too but the only thing he ever bought were CDs.

 

[stampedehero]

Miles is a legendary LOSER for blowing 60 MIL. What a stupid jackass!

 

[stampedehero]

I'm shocked this ended up being a bad investment.

+Got to tell you that car is ridiculously stupid looking. Only a 1970's Gremlin could be worse.

 

[PDXFonz]

I would put "friends" in quotation marks. Your true friends care about you; I think too many get involved with those who are hitching a ride. I know NBA has rookie orientation that includes both financial planning and watching out for leeches, but like the old saying says, you can lead a horse to water. I saw an ESPN program on exactly this subject, athletes who make millions and end up broke. Many think normal investments that pay 2% interest are not sexy enough and throw their money into insane schemes. Others think they can be music moguls (that one is so common) and pour millions into recording studios that go broke; Chris Webber commented he likes music too but the only thing he ever bought were CDs.

I just used this in another thread and then came here and saw this. Spooky!

 

[crandc]

My memory may not be what it was... wasn't he one of the high school to NBA players? I mean, if you gave me right out of high school a shitwad of dough I doubt I'd be super responsible. But I think even then I knew enough to know when I did not know (which may not make sense but does). It's those who think they have all the answers because they have the very best brain and are surrounded by people whose livelihood depends on flattering them that they don't ask for assistance when needed.

 

[dviss1]

It's easy for a MF with no millions to say what they'd do if they had millions.

Any one of us could go through this. Only difference is none of us will really ever know.

 

[dviss1]

My memory may not be what it was... wasn't he one of the high school to NBA players? I mean, if you gave me right out of high school a shitwad of dough I doubt I'd be super responsible. But I think even then I knew enough to know when I did not know (which may not make sense but does). It's those who think they have all the answers because they have the very best brain and are surrounded by people whose livelihood depends on flattering them that they don't ask for assistance when needed.

Great post.

 

[PtldPlatypus]

It's easy for a MF with no millions to say what they'd do if they had millions.

Any one of us could go through this. Only difference is none of us will really ever know.

Oh yeah, all the rest of us were certified financial planners as teenagers. Investing our fast food money in a Roth IRAs because we were so responsible.

 

[3RA1N1AC]

once the dude was medically retired, maybe save a little of that? whatevz, mo money, mo problems.

 

[Chris Craig]

I would have gone $2.50 on the toaster.

$3.00