60% OF NBA PLAYERS GO BROKE:WTF

It was a decade ago Kenny Anderson, then a Boston Celtics point guard, set a standard that has helped define the filthy-rich silliness of NBA players.

With the league two months into a lockout, Anderson lamented times were so tight, he might have to pare down his fleet of luxury automobiles.

He confided to The New York Times he owned eight cars, including a Porsche, a Lexus and a Range Rover. He was thinking of shedding a Benz.

Seen 10 years down a prosperous road, Anderson's parking garage looks downright quaint. With the average player's salary having approximately doubled in a decade to $5.36 million (U.S.), the definition of NBA excess has become, well, more excessive.
"I've seen (an NBA player) having two cars a day to drive. You know, 14 cars," said

Raptors sharpshooter Jason Kapono the other day. "Think about how absurd it is. You say 14 cars. All right, you may have some kids, a family of nine. But a single guy having 14 cars?

"It's one thing if Bill Gates wants to do that. But when you're 22 years old and you don't even have kids yet, it's not good."

Kapono, then, wasn't the least bit surprised when a representative of the NBA Players' Association addressed the Raptors recently on matters of financial prudence. A statistic was cited during the meeting that startled some of the hoopsters. It was said that 60 % of retired NBA players go broke five years after their NBA paychecks stop arriving.

Roy Hinson (NBA rep) said he knows of a current NBA player who owns 15 cars – said unwitting athletes have been charged as much as $5,000 a month for bill-paying services and as much as a $100,000 to have their taxes prepared by unscrupulous agents and business managers.

"If you never check up on someone," said Raptors guard Darrick Martin, "you become a target."

Public stories of NBA players in financial trouble occasionally make headlines. Back in October, Jason Caffey, who made an estimated $29 million during his eight-year NBA career, was in bankruptcy court seeking protection from his creditors, among them the seven women with whom he fathered eight children. And late last year Latrell Sprewell, who famously turned up his nose at a $21 million contract offer – "I've got to feed my family," was the money quote – had a yacht worth more than $1 million repossessed.

Source: NY Times

50 CENT, JAY-Z, & KANYE Adorn Forbes Top 100 Celebrity List

Yesterday Forbes release their annual Celebrity 100 list. It breakdown each celebrity based on power ranking which is all well and good but who needs power when we can have checks?!

Although #26 on Forbes Power Ranking 50 Cent landed in the #2 pay slot behind Oprah Winfrey bankrolling $150 Million last year due in part to the $100 million come up he enjoyed after taxes last summer when his Glacéau VitaminWater was bought by Coca-Cola as part of a $4.1 billion deal. 5o’s portfolio includes G-Unit clothing, G-Unit records, plus films, videogames and a slew of platinum albums, including last year’s controversial “Curtis.”

Landing at #7 on the power list but #10 where it matters mo$t, Jay-Z had a huge year with most of his activity happening in a one week timeframe. In April Jay signed a $150 million, 10-year, recording, touring and merchandising deal with concert diva, Live Nation and then days later married his longtime boo, (and #11 on the money list,) Beyoncé on the roof of his New York City penthouse. He also managed to revitalize his music career with his platinum unofficial movie sountrack “American Gangster.”

Well whenever we’re talking money and celebrit you know Michael Jordan has to be part of the discusssion. Having retired close to 10 years ago, Mike is still doing it with the Jordan Brand which is now doing $800 million a year providing him with residual royalty that doesn’t look to be a fading income source anytime soon. He’s also in his first year as the head of basketball operations for the Charlotte Bobcats.

Coming in at the #27 Power slot/ #50 pay rank is the flamboyant Mr. West. Despite Kanye trumping 50 cent in a friendly album release rivaly with his now double platinum “Graduation” Kanye landed at #50 in pay rank with an estimated $30 Million in earnings due in large part to production credits for Jay-Z, Alicia Keys and Diddy. He also took home top honors at this year’s Grammys awards.

Others of note include: Tiger, Diddy, Shaq, Kobe, Lebron, Alicia Keys, Serena Williams, and others.

DAMN NORE

I DIDNT WANT TO RUIN YOUR DINNER BUT HE RUINED MINE.THAT GUT IS SERIOUS.

50 CENT IS A FUNNY DUDE

LIL EARLY MORNING PICK ME UP

FOR THE FELLAS AND THE LADIES THAT SWING THAT WAY.LOL

TOO EASY

This bi-polar acting rap figure may be lashing out at everybody because his constant drug use has made him impotent.

He's violent, unpredictable and goes in unprovoked rages. His significant other is very scared of him and often locks herself in a room to avoid his temper tantrums.

It's not uncommon for him to put a beatdown on a woman at the drop of a dime.

He's a big mess and is currently undergoing a meltdown. The drugs have him paranoid and jumpy.

Escorts consider him an easy trick because he can't perform but in the past, he always tried to blame the girl, saying, "you're not sexy enough." But, he finally came to the conclusion, it's not them because it keeps happening, regardless of the girl.

This once respected man has become a shell of himself.

THAT WAS SUPPOSE TO BE A BLIND ITEM FROM THE PANANCHE REPORT,BUT IM SURE YOU WOULD HAVE GUESSED IT WITHOUT MY HELP

AINT THAT A BITCH

AMY WHINE HOUSE HAD THE NERVE TO CALL KANYE AND CUNT .PEOPLE THAT LIVE IN GLASS HOUSE,SHOULDNT THROW BRICKS