That clinking, clanking sound
Former Bulls and Blazers great Scottie Pippen has won a $2 million verdict in a malpractice lawsuit against lawyers who represented him in an ill-fated airplane purchase deal. He had been seeking more than $8 million, but apparently the jury thought Pippen himself bore some of the blame for his losses.
Pippen, who reportedly earned about $120 million in his basketball career, is also reportedly broke these days.
| Posted at 5:40 AM | Permalink |
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Comments (9)
It is amazing to see the kind of money these athletes can burn through in just a few short years.
Posted by Vinyl Banners | July 1, 2010 7:56 AM
I think it was Hines Ward from the Steelers who explained it best. "Fifty million sounds like a lot of money, but once you get through with the taxes and stuff it's only $26 million."
Posted by Roger | July 1, 2010 9:40 AM
Pippen definitely didn't blow all of that money on lavish gratuities. When he played in Portland he was known to local waitstaff as "No-tippin' Pippen".
Posted by Drivin' Fool | July 1, 2010 9:44 AM
Pippen, who reportedly earned about $120 million in his basketball career, is also reportedly broke these days.
Small surprise if he's buying stuff like jets. Maybe he can room with MC Hammer.
Posted by NW Portlander | July 1, 2010 10:32 AM
George Best: “I spent a lot of money on booze, [women], and fast cars. The rest I just squandered.”
Could probably get a job with our city with his ideas on spending!
Posted by pdxjim | July 1, 2010 11:07 AM
Well, we know what he didn't spend his money on: tips!
http://chicagoist.com/2005/03/24/no_tippin_pippen_strikes_again.php
Posted by MachineShedFred | July 1, 2010 1:37 PM
If I'm not mistaken, his house in Forest Heights is still for sale. Has been on the market since he left town. Nice brick mansion with a big outdoor pool, if any of you are looking to trade up from the old doublewide. Anyone?
Posted by RJBob | July 1, 2010 1:54 PM
My favorite NBA player of all time! Glad he's got some good news finally.
Posted by Kevin | July 1, 2010 2:06 PM
Which means he will retire in Florida with a $2m nest egg and probably earn $100K year in interest and 1/4 time work appearing on the occasional Chicago Land sports broadcast or signing basketball cards. The rest of the time he can play golf.
Sounds like a life most of us will spend 40 years working to attain.
Posted by Ted | July 2, 2010 7:41 AM