DeShawn Stevenson Should Probably Get Into Celebrity Boxing Or Something
May 31 / Gregg Sussman / SportsGrid
It’s become a very common story for some athletes: make millions, spend millions, go broke. DeShawn Stevenson, unfortunately, is not one of those rich athletes that one would call a "good investor". He's no George Foreman or Shaq. He's more like Latrell Spreewell in that new commercial. After being drafted by the Utah Jazz in 2000 with the 23rd overall pick, Stevenson was in the league until 2013 where his last stay was with the Atlanta Hawks. A 12 year NBA career is sure to leave you with plenty of money, or that’s the goal. For Stevenson, this was not enough. The ex-NBA guard was renowned for carrying around an AMEX black card, only given to the wealthiest of AMEX users. He racked up quite a lot of debt before he went broke, just over $384,000 to be accurate.
The judge ordered AMEX to seize Stevenson’s bank account to make up for his inability to pay the debt, and they received a whopping $62.09, obviously not enough to cover the debt.
Stories of athletes going broke just years after their career’s end surface all the time. Hopefully, this isn’t the story for majority of our future athletes. Having a financial advisor would probably be best for some of these guys. Or a brain.
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