Derrick Coleman files for bankruptcy

[youngcfromthad]

Originally Posted by High Class Scum Bag

i kinda feel sorry for him because he was really trying to rebuild detroit and help the city and it ended up being a bad investment....

Detroit is a dump and probably can't be saved..

but he's not broke by any means....take my word for it..

He may have done some boneheaded stuff but he tried to help the city out.  Became the sports director of the PSL here and The city screwed him because the city doesn't pay people on time.  Good dude but where did all the other cash go?..

 

[rko2004]

Can't knock him for trying. He should have planned longer. Good luck to him though.

 

[fear the ibis]

This is why you make business decisions with your head, not your heart. Stupid for trying to invest in anything related to the city of Detroit.

 

[steve212]

Originally Posted by Fear The Ibis

This is why you make business decisions with your head, not your heart. Stupid for trying to invest in anything related to the city of Detroit.

This as well.

kobe8is wrote:

---

Originally Posted by Xtapolapacetl

Too bad, the guy could've been a top 3-4 PF of all time with the skills he possessed. Just hope that the younger players learn from all these stories about former NBA players going bankrupt.

X2
Yep.  Charles Barkley said with a straight face and no nonsense, that D.C. could have been better than him, and could have been the best PF ever.  D.C.'s skill set was bananas.  That's one of the reasons why he lasted until 2006.

 

[nycknicks105]

All these NBA losing all their money is becoming a new trend. Bad trend if you ask me.

 

[crazy dav0]

damn ... trying to do good ... but in the wrong city

damn ... thas still alot of career earnings to have nothing to show 4 it ... sad ...

 

[hymen man]

that sucks

 

[stoneyjax]

Originally Posted by dmbrhs

Derrick Coleman was still in the league in 2006?

  i didnt know this either

  

 

[illvine]

http://www.youtube.com/v/Y1myF3dqnWo?f=videos&app=youtube_gdatahttp://www.youtube.com/v/Y1myF3dqnWo?f=videos&app=youtube_gdata

 

[TheGift23]

@ not the sharpest knife in the toaster

 

[got shoes]

Originally Posted by Billy Hoyle

hes an idiot for investing in anything in the city of detroit

wasn't he trying to build houses or apts in Detroit?

 

[4wrestling]

Originally Posted by Bleezys and Heem

Originally Posted by bijald0331

Originally Posted by FlashEightZero

Originally Posted by Cyprus Sinner II

not the brightest cookie in the book

not the sharpest knife in the toaster

not the brightest bulb in the water

not the brightest cookie in the toolshed

 

[moe200069]

Originally Posted by 4wrestling

Originally Posted by Bleezys and Heem

Originally Posted by bijald0331

Originally Posted by FlashEightZero

Originally Posted by Cyprus Sinner II

not the brightest cookie in the book

not the sharpest knife in the toaster

not the brightest bulb in the water

not the brightest cookie in the toolshed

not the sharpest crayon in the shed.


anywho, what happens to all these athletes once they go bankrupt?

 

[paul is on tilt]

That's a shame because Coleman was trying to do good for the city of Detroit.

 

[ussjme]

It always amazes me that these athletes who most likely took nothing related to business or economics in the 1 or 2 years they were at college think they can just throw their money around and expect it to work magic. whether you have a dollar for 1 million dollars, it takes effort to make that money work for you. some of these dudes need to just chill and invest in safe stocks that will give them a decent return. invest a few million into the right stocks and you can live comfortably off the interest for the rest of your life, no need to get all donald trump on em with developing stuff.

 

[stringer bell 32]