Biting Off More Than, What?…
Posted by VeRonda Wicks June 1st, 2010Yep, “I can chew” is right.
As random as this story is, it actually needs to be shared for others to glean some wisdom and–hopefully, common sense. So, New York Knicks big man (on-the-bench big man) Eddy Curry is chewing a big old gum wad in debt [Let me start off first by saying that although totally irrelevant to this story, his son's mother was murdered in Jan. 2009, leaving his little man motherless and that is a troublesome reality for anyone.]… Now here’s the debt-to-debt (Crack up!) ratio layout:
Curry has made more than $57 million in his 9-year NBA career (Okay, now that’s money coming in.). He apparently defaulted on a $575,000 loan with an 85 percent interest rate (What the…), and has been ordered to pay back $1.2 million to Allstar (Funny ironic name) Capital Inc. Now we have been in debt before, right, and we’re expected to pay, right? Well, Curry doesn’t think he should because he owes:
- More than $1,000 a month for cable and satellite television (Must haves… I understand),
- $17,000 a month to various relatives including his parents, sister, and father-in-law (Family can juice you… I get that.),
- $30,000 a month for “household expenses” (I don’t have this problem “yet”, but I can see maybe having it.),
- $207,000 a month in garnished wages that haven’t been elaborated upon, but adds up to almost $2.5 million that he never sees over the course of a year (These are the breaks, man!), and
- $350,000 to Juwan Howard (Okay. Whatever.).
What? And this isn’t adding the numerous cars and trouble with home foreclosures, oh and yes, the weird sexual harassment situation against him. It seems to me, Eddy, that you need to stay in bed for a couple days and just let things take its course (It works for me.). But seriously, where is the discipline and restraint? Where is thinking about tomorrow and the future… Or how ’bout this, my son’s future? The whole entitlement thing that ’cause I have bills I can’t pay another bill is draining to me. Officially drained.






June 2nd, 2010 at 4:41 pm
V… what do you do to get you content.. do you stalk athletes??? Just wondering….
OK..WTF.. are you serious.. What idiot takes out an 85% loan???? Who runs the company.. Vinnie Big Pu$$y (okay okay I’m a Sopranos fan).. He must have a serious drug habit to have taken out that kind of loan….
Let’s look at his expenses… hmmm ok I have all the Cable channels, Direct TV (dont judge me.. I live away from my home football team and yes I would have the lights cutoff before I miss my Ravens play… I do have a problem but I do admit it…. but this blog is not about me) .. ok where was I.. oh yeah, phone and internet are bundled in with the cable.. and I’m not in the same hemisphere of $1,000 bones a month… what kinda pay per view porn (adult… see previous LT post… you see how advertise for you V…I want my cut!!!) is he watchin!!!! Now I can see the family thing, so I wont go there… Ok uh ruhhh ok if he lives in a 2million dollar house or condo (which is very possible in NYC) and he has a 20% mortgage rate (it wouldn’t surprise me) I could fathom that…. now let’s talk bout the child support oh I mean garnishments… no lets not but I hope you get the point…. Now is the 350K to Juwan Howard a re-occurring expense??? Still…
OK OK.. this goes back to another previous post (see there I go again… royalties man royalties) there should be an age limit and the NBA and all professional sports should make it mandatory for athletes to take some type of money management classes. This is so ridiculous.. so many people out here doing their daily grind and you got idiots like these throwing money away…
Hey wait.. I think Curry is my third cousin twice removed.. I gotta make a phone call… cha ching…
June 4th, 2010 at 10:51 pm
David, you are something else… I can’t even believe the rant you just went on. It’s a crack up… but, I feel you. The NBA, unfortunately, appears to be so focused on money, and the next whomever (you fill in the blank). It seems like the stories won’t stop, which is good for me and the blog (Heehee!), about athletes who just abuse the right, the privilege.
So, uh rah, Curry’s your 2nd cousin, huh? You need to get in that family line up.
July 31st, 2010 at 11:28 pm
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August 1st, 2010 at 1:26 am
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As random as this story is, it actually needs to be shared for others to glean some wisdom and?hopefully, common sense….
August 1st, 2010 at 2:39 am
Biting Off More Than, What?…
As random as this story is, it actually needs to be shared for others to glean some wisdom andhopefully, common sense….
August 2nd, 2010 at 8:09 am
Biting Off More Than, What? | Articles in Sports…
As random as this story is, it actually needs to be shared for others to glean some wisdom andhopefully, common sense….