Earlier in October, we informed you of an ongoing investigation and lawsuit against billionaire Mark Cuban. [READ: Billionaire Mark Cuban's In Hot Water; May Face Fines Up to $3Million for Insider-Trading Violation]
Well, the case is finally over and Cuban can now go home with one less thing to worry about. Cuban was found not guilty of insider trading by a Texas jury in mid-October.
Cuban has always stated that he was innocent. The only reason he said he sold his shares of Mamma.com was because of a shady stock broker and word that the company was going private. The SEC wasn’t quite sold on Cuban’s reasoning. Thus, the SEC filed a lawsuit against him in 2004 and then again in 2010 after the original verdict was overturned. Cuban says although the news of Mamma going private did prompt him to sell his shares. But, he insisted that the word didn’t come from Faure, but from potential investors.
Once the not guilty verdict was announced, Cuban took the time to blast Jane Folena, prosecutor for the SEC.
“Jan Folena, who represents the United States of America, stood up there and lied,” Cuban told reporters outside the court. He continued, “I’m the luckiest guy in the world and I’m glad I could stand up to them.”
Alrighty then Cuban! Say it with your chest! *in Kevin Hart’s voice*
Jay Z is undeniably one of the most diversified entertainers when it comes to the businesses he ventures into. As such, it wasn’t the biggest surprise when he launched a sports management agency. With the building of the Barclay Center and recent acquisitions of high profile athletes, Jay Z is determined to leave his mark on the sports world.
Unfortunately, with much reward comes issues. Jay Z is rumored to be under investigation by the Major League Baseball Players Association. According to the regulations of the MLBPA, a sports agents are not supposed to give gifts are money to a player. This tactic is considered a form of persuasion to get that player to continue his representation agreement with that agency. This is exactly what the MLBPA believes happened in the case of New York Yankee Robinson Cano.
In October 2013, Jay Z presented Cano with a Hublot one-of-a-kind ‘Shawn Carter Classic Fusion’ $34,000.00 watch. The watch was given to Cano during his 31st birthday celebration in Belgium. Regulations specify that players who are already clients, should only receive gifts (over $500) after the union has been notified in writing. Jay Z did not do this.
The MLBPA doesn’t deny or confirm that an investigation is taking place. A representative stated that internal matters are not made public.
A spokesperson for Roc Nation sports agency has not responded to these allegations either.
We’ll keep you updated as more information is released.
Atlanta Falcons Pro Bowl Wide Receiver, Julio Jones, will miss the remainder of the 2013 season due to injuring his fractured foot. Jones is the Falcons leading receiver and also is leading the NFL in receptions this season with 41 before the injury. Jones suffered the injury during the Falcons lost on Monday night to the New York Jets. The Falcons have been battling injuries since the season began, newcomer Running Back Stephen Jackson hasn’t played since Week 2. Wide Receiver Roddy White is also expected to miss the Falcons next game or possible more.
Linebacker Sean Weatherspoon suffered a foot injury and expected to be out at least till Week 11. Tight End Tony Gonzalez and Wide Receiver Harry Douglas are going to have to fill the void for White and Jones if the Falcons stand any chance of making the playoffs. Their defense will have to step their game up and shut down their opponents. The Falcons have one of the deepest teams in the NFL, but they have been hobbled by injuries. It look like it will take a miracle for them to make the playoffs and overcome Jones injury.
Article submitted by Abner Jackson III, Content Writer for STACKS Magazine.
The New York Jets defeated the Atlanta Falcons 30-28 after Kicker Nick Folk kicked a 43 yard field goal as time expired. Jets Rookie Quarterback Geno Smith had another impressive game completing 16 out of 20 passes for 199 yards and 3 touchdowns. The Jets are now 3-2 and have only been blown out in one game so far this season. Falcons Quarterback Matt Ryan passed for 319 yards, 2 touchdowns, Wide Receiver Julio Jones had 8 catches and led the team in yards with 99 yards receiving. Falcons Running Back Jacquizz Rodgers led the Falcons in rushing and a career high 2 rushing touchdowns.
The Falcons are now a disappointing 1-4 and would need to win at least 10 out of the next 15 games to make the playoffs. The Falcons have the talent to win that many games, they just have to stay healthy. Tight End Tony Gonzalez had 10 catches for 97 yards and Defensive End Osi Umenyiora recorded 2 sacks against the Jets. The Jets Defensive did record two fumbles and both of those turnovers were very costly to the Falcons. The Jets future is looking brighter with Smith at Quarterback. Also, the Jets are capable of making the playoffs as long as Smith doesn’t commit many turnovers and their defense continues to be one of the best in the NFL.
Submitted by Abner Jackson III, Content Writer for STACKS Magazine.
Mark Cuban, the outspoken billionaire and owner of the Dallas Mavericks, may be facing a hefty fine if found guilty of insider-trading.
Insider trading is the trading of a public company’s stock or other securities (such as bonds or stock options) by individuals with access to non-public information about the company. In various countries insider trading based on inside information is illegal. This is because it is seen as being unfair to other investors who do not have access to the information.
News broke last night that the “Shark Tank” panelist is in hot water with the Securities and Exchange Commission (SEC). Apparently, Cuban once owned shares in an Canadian-based search engine company and allegedly sold his shares of stock after he learned that Mamma.com was going to hold an offering. Cuban owned 6 percent of all shares and greedily wanted to protect his money. But, the SEC says that was illegal to sell his shares.
The SEC claims that Cuban promised to not sell his shares. SEC lawyer Jan Felona insists that Cuban violated the law and should face a penalty (not jail time). Felona also believes that it was Cuban’s own inner will to “win” that drove him to committing this federal crime. According to the SEC, Cuban could face a $750,000 fine equivalent to the value of his shares and a penalty fine of $1,500,000.
But, Cuban’s attorney Thomas Melsheimer disputes these allegations.
One of Cuban’s lawyers said that the SEC’s chief witness was lying, and portrayed the case as government overreach.
Cuban ”is going to stand up to them when they call him a liar, he’s going to stand up to them when they call him a cheat,” said the lawyer, Thomas Melsheimer. The government, he said, ”can’t prove a lick” of its case.
Court proceedings began Tuesday morning and could last up to three weeks.
Ok. This is beginning to be a bit much.
Shortly after Joe Odom went on a verbal rampage against the Kardashians in the media, his son contacted him with a verbal assault of his own. According to TMZ, Joe says that Lamar called him pissed off about the things he’d said about him and his relationship with the Kardashians. Joe’s remarks didn’t sit too well with his son. So, to retaliate, Lamar is now refusing to continuing supporting his father.
Joe says that Lamar will no longer pay his $2,900 rent and that he’ll be soon kicked out of his apartment. He anticipates being out on the street by the end of next month.
Do you think Lamar’s refusal is justified? I mean, it’s a shame that will allow his pops to be back out on the streets. With Joe’s history of drug abuse, not being in a safe and healthy environment is the last place he needs to be.
Remember M.I.A.’s performance during the Super Bowl halftime in 2012?? Well, despite her performance being good and alongside a pop icon Madonna, just like Janet Jackson’s infamous nip slip, M.I.A. is now being penalized by the National Football League.
The NFL has apparently suing the singer for $1.5 million for her middle finger hand gesture made during that performance. They claimed that M.I.A. was in breech of contract by flipping the finger which wasn’t a good look for the NFL and the 167 million viewers who were watching.
Of course, this didn’t sit too well with the outspoken artist. M.I.A. recorded a Youtube video to explain her disgust with the entire situation. Check out what she had to say…
“The NFL thing is completely ridiculous. It’s been making me laugh for a while, but now it’s so boring, I don’t even laugh anymore.
Now they’re scapegoating me into figuring out the goal posts on what is offensive in America. Is my finger offensive or is an underage black girl with her legs wide open more offensive to the family audience?”
DO YOU THINK THE NFL IS GOING OVERBOARD WITH THIS LAWSUIT?
Finally, retired NFL players and the league have reached an agreement regarding illnesses received post-career.
In a recent court order, a federal judge has awarded $800 million in damages to several retirees. The case, which has been ongoing since 2011, was a battle for many players who believed that due to the rigorous and dangerous on-field plays they encountered health issues (i.e. Dementia, Alzheimer’s, and Depression). According to the Associated Press…
More than 4,500 former athletes — some suffering from dementia, depression or Alzheimer’s that they blamed on blows to the head — have sued the NFL since the first case was filed in Philadelphia in 2011. They accused the league of concealing the long-term dangers of concussions and rushing injured players back onto the field, while glorifying and profiting from the game’s violence.
The settlement would cover all 18,000 former NFL players and totals $765 million, the vast majority of which would go to compensate athletes with certain neurological ailments. It would also set aside $75 million for medical exams and $10 million for medical research.
Individual payouts would be capped at $5 million for men with Alzheimer’s disease; $4 million for those diagnosed after their deaths with a brain condition called chronic traumatic encephalopathy; and $3 million for players with dementia, said lead plaintiffs’ lawyer Christopher Seeger.
The NFL, which has annual revenue of about $9 billion, has insisted that safety has always been a top priority, and in settling the thousands of cases it admitted no wrongdoing.
Although some NFL players have developed these illnesses, the league still stands by its oath that “safety comes first.” However, due to the affects these health issues has had on football players (retired and present), the NFL will implement new rules and regulations to eliminate hits to the head and neck areas. One rule is that ball carriers can no longer use the crown of their helmet to make contact with defenders. Also, any player that suffers a concussion while on the field will not be allowed to play or practice until they have been thoroughly evaluated by an independent neurologist.
The South Florida Business Journal is reporting that former NFL quarterback Daunte Culpepper recently forked over his $3.6 million home to Suntrust Bank. Culpepper’s 10,000 square foot home was in foreclosure. The court documents cited that he was$3 million in debt. To settle the debt, Culpepper handed over the property. The bank later dismissed the lawsuit.
Daunte Culpepper played for several teams throughout his career. He made his debut into the NFL in 1999 with the Minnesota Vikings. He then spent time with the Oakland Raiders, Detroit Lions, and finally the Miami Dolphins. The last team he played for was for the United Football League’s Sacramento Mountain Lions in 2010.
At one time, Culpepper was reportedly worth $30 million. Not sure where why this current financial problem exist. But, luckily he has a second home in the suburbs of Weston.
Well, we already know that Michael Jordan loves the ladies and has had many sexual encounters throughout his life. Unfortunately, several encounters were during his marriage to ex-wife Juanita. But besides his fondness of Caucasian women, apparently he like to play sex games too.
A former MTV video jockey, Lisa Kennedy, is slated to release a book about her life. In the book, there is a chapter dedicated to her strange meeting with the legendary basketball player. Kennedy says while out at dinner with MJ and Russell Simmons, back in 1995, she was asked if she wanted to play a game of dice. MJ is a known gambler. So, the suggestion of a game of Craps isn’t that awkward. But, MJ told her that the consolation prize will be – if he won, she would come back to his hotel room for the night.
Kennedy was shocked when he said that and quickly suggested that he give her tickets to the New York Knicks game. Instead, MJ offered New York Nets tickets since he was “happily” married. *side eye*
In the hilarious chapter, she said she was afraid to have sex with MJ because she thought he was well-endowed. Also, Kennedy states she was a virgin at the time and did not want MJ to take her virginity.
Who knew Michael Jordan like playing dice for sex? Ole freaky a$$ MJ was a slick back in the day. No wonder he was wilding out while married. SMH…
Gilbert Arenas was arrested in Los Angeles in the wee hours of the morning and TMZ was the first to report it. Apparently, Arenas was pulled over by the cops after being spotted driving recklessly around 2:30am on Thursday. Once the LAPD pulled him over, they soon found out that he was driving with no license at all. On top of that, Arenas was traveling with a truck load of illegal fireworks.
Watch the video:
According to the LAPD, the amount of fireworks Arenas was transporting was way more than the average family would need for Fourth of July festivities. This amount of fireworks could potentially warrant Arenas up to three years in prison and a fine as high as $50,000.
Hopefully, he’ll have a great explanation for this when it comes time to go to court.
A Florida-based pre-paid credit card company filed a lawsuit against Magic Johnson. Yesterday, in Florida District court, Celebrity Cards International claimed that the NBA Hall of Famer and business mogul breached a contract to market and sell his very own pre-paid cards. Johnson broke the initial agreement and unlawfully entered a similiar agreement with a competitor, OneWest Bank.
The suit claims Celebrity Cards’ CEO Reed Wallace struck a deal with Johnson to market the cards with his image, and in 2004 sold 2,000 Magic Cards through direct response ads on TV. But shortly after, wrangling over ownership of the trademark began when Wallace’s company was bought. According to the suit, Wallace was able to reacquire ownership of Johnson’s trademark, but Johnson had filed a cancellation action and partnered with OneWest to release its own Magic Cards without permission from Celeb Cards.
No statements released by Magic Johnson’s camp at this time.
I really like Allen Iverson. Heck, I even saw him recently at a local Atlanta strip club. He looked like he didn’t have a care in the world…throwing dollars and popping bottles. A friend of mine even passed him my business card. Although I know he may have tossed it, if him and I could sit down and chat, I think he would be my best interview yet. But until then, I have to write about him based off on news reports. Case in point, this news regarding his outstanding child support payments. It looks like A.I. may be headed to jail soon.
According to TMZ, his ex-wife Tawanna claims that Iverson has yet paid up on his ordered judgment. Back in January, the judge ordered the ex-NBA star to pay $8,000 per month for each of his five kids. Tawanna claims that Iverson has missed every payment thus far. So, the two are scheduled back in court this week. If the once multi-million dollar basketball star does not cough up $40,000 in court, he will most likely be escorted straight to jail.
SMH…I really do pray that Iverson get his sh*t together. Here in Atlanta, I guess it’s safe to say that he lives a somewhat low-key life. But, he parties a lot. Partying isn’t doing anything but making him lose track of what his true priorities are. I hope he doesn’t end up a real tragedy. Even it is playing ball overseas, I believe “one of the greatest of all time” can make a full transformation and become a better parent to his kids.
What are your opinions about Allen Iverson? What could be the deep rooted issue as to why he has so many financial issues?
A jump-off (aka mistress) scorned is one chick hard to get rid of. And NBA’s Stephon Marbury, unfortunately, had to learn the hard way.
In recent news reports, Thurayyah Mitchell filed another lawsuit against the NBA player for unpaid settlement of $331,584.50. In 2006, Mitchell made public their affair after he refused to cough up the rest of the hush money. The two met while she was his personal chef. After some time, the two became close friends and ultimately starting an intimate relationship. In order to keep Mitchell on mute about their relationship, Marbury issued her a written agreement promising that he would give her $900,000. Chef Mitchell remained silent for some time…that is until the money stop rolling in.
Now, Mitchell has taken Marbury back to court for the remaining owed to her. Marbury refused to agree to her claim but a judge sided with Mitchell and has ordered him to pay her the money plus interest. But instead of Marbury footing the bill, he has yet to pay anything. Therefore, Mitchell returned to court and has asked to have his assets seized. In particular, she’s offered him the option to turn over the keys to his high-priced luxury Mercedes and Range Rover in lieu of money.
SMH! The crazy thing is, at one point in time, LaTasha Marbury were in talks to join the cast of VH1′s Basketball Wives, but refused. Hmmm. With all of this going on, this sure would make for great TV!
When will athletes learn?? You can’t always speak your mind and not have to suffer the consequences.
Roy Hibbert, center for the Indiana Pacers, learned the hard way after game 6 against the Miami Heat. In a post-game interview, Hibbert responded to a reporters question a regarding the defensive tactics against Lebron James. At the end of his statement, he said “no homo.” Additionally, the star player used profanity during his interview when asked why he ranked so low for Defensive Player of the Year. However, it wasn’t the profanity that struck a cord with the NBA. But regretting his choice of words, Hibbert issued a formal apology.
“I am apologizing for insensitive remarks made during the postgame press conference after our victory over Miami Saturday night,” Hibbert said in the statement released by the Pacers. “They were disrespectful and offensive and not a reflection of my personal views. I used a slang term that is not appropriate in any setting, private or public, and the language I used definitely has no place in a public forum, especially over live television. I apologize to those who I have offended, to our fans and to the Pacers’ organization.”
Unfortunately, his apology was not effective enough for the league. Commissioner David Stern and the NBA felt as though the use of offensive language was inappropriate and not a good representation of what the association is all about. Therefore, a penalty fine of $75,000 was issued to Hibbert.
Buffalo Bills Mario Williams made headlines this week but not for his football stats. Instead, the defensive back gained notoriety for being an “Indian-giver”.
For years, there’s been a debate amongst men versus women about if a wife-to-be should return an engagement ring if the relationship ends. Since, either parties can’t never seem to ever come to an agreement on the subject, many U.S. states have left it up to the law to decide. Hence the case of Mario Williams.
According to news reports, Williams recently requested that his ex-fiancé return a $785,000 engagement ring. Their romance ended and left Williams thinking about the huge investment he made for what was suppose to be his future wife. But, the ex refuses to return it stating that the ring was a gift. Word is that she is the one that called off the engagement and has no plans on returning the bling.
Unfortunately, the former lovebirds were residents of the state of Texas. Under Texas law, Lois Liberman (Williams attorney) says ,”the fact that the marriage is not taking place, the gift hasn’t been completed; it seems cut and dry based on Texas law that in fact she has to give the engagement ring back.” Simply put, Texas laws believes that a ring is not a gift until a marriage occurs. Other states consider just the opposite…that an engagement is indeed a “gift”.
Luckily for Williams he should come out as a winner in this case. But, if the ring was worth much less (ex. $10,000), would Williams have asked for it back??
What do you all think? Should an engagement ring be considered a “gift”? Let us know what you think.
When will some of these young black athletes grow up and learn that when you play with fire you will get burned.
Well evidently former Detroit Lions receiver Titus Young just doesn’t understand and is having a difficult time learning the lesson. So much so that he was first given the boot from the Lions for some prior mishaps as a team member only to then be picked up then released by the St. Louis Rams shortly after. As some point you’d think he’d humble himself, get it together and focus his energy on making his way back into the league. But noooooooo, I don’t think that’s how he saw it that way because once again he’s managed to land in some more hot water.
According to reports, this past weekend, Young did the dumb deed of getting arrested not once but twice in less than 24 hours. In actuality it only took him about 15 hours to get the deed done.
Young was first pulled over and arrested Sunday morning around 12:15am for driving under the influence in which he was subsequently booked, issued a citation and released from custody. But to make matters worse, later the same day around 2:30pm, Young was again arrested at a local tow yard where he’d jumped the fence in an attempt to steal back his car which had been impounded during the earlier arrest.
Talk about adding insult to injury for yourself. I can figure this one out for the life of me. All I can say is that Young’s antics and actions are definitely what we would call a foul on the play. Well in his case it would be fouls!
While yes we’re all human and are bound to make mistakes, some of them should really be avoided especially when they are at the expense of losing money. But unfortunately for the Jackson Jaguars receiver Justin Blackmon he’s made a costly on that has potential for an even bigger lost in the future.
With the start of the upcoming NFL season, Blackmon has managed to get himself suspended for the first four games of the 2013 season. According to an announcement from the NFL his suspension revolves around a violation of the league’s policy on substance abuse. No details were given on exactly what substance Blackmon used that violated the policy, but he’s be known to have alcohol related issues in the past.
Blackmon’s suspension will allow him to participate in all preseason practices and games, but he will not be eligible to return to the Jaguars active roster during regular season until September 30th. During his suspension Blackmon will forfeit a portion of his salary to the tune of $289,754. The suspension also led to a void in his contract of almost $10 million in future guarantees.
In a team press release, Blackmon expressed his remorse and apologized for his action saying,
“I’ve made a mistake and I have no excuse. I am truly sorry and disappointed in myself for putting the Jaguars in this situation, and I look forward to putting this behind me and maturing and growing as a person. I will have a productive training camp and preseason with my team, and during the suspension I will work hard to stay in top football shape and be ready to help the Jaguars when I return. I have chosen to be accountable for my poor decision, and I sincerely apologize to my teammates, coaches, the front office and Jaguars fans for the impact of my mistake on the team.”
While members of the Jaguars’ leadership are disappointed in Blackmon’s actions, they decided to support him and forge ahead. The team’s general manager David Caldwell said in a statement,
“Coach Bradley and I have spoken with Justin, and he is well aware of our disappointment. I don’t think there is any question that Justin is embarrassed and remorseful, and Coach Bradley and I are both confident he understands the obligations ahead of him, to himself, the franchise and the fans. We will support him throughout the process and continue to work to educate him and all of our players on making the right decisions. The Jaguars have made a lot of progress over the past three months, and we will not allow this news to slow us down.”
Hopefully for Blackmon this is a lesson learned and for whatever his substance abuse issues are he can get his mind right, respect his grind and get back to the business of his stacking his dough.
Recently, the drunken face of Desmond Bryant was plastered all over the internet. The mugshot was warranted after being arrested for criminal mischief in Miami, Florida. Well, drunk face or not, the top defensive tackle in the nation will be popping bottles for a long time.
According to the Bleacher Report, the Cleveland Browns wasted no time during the first day of free agency. After the Baltimore Ravens announced their $40 million committment to linebacker Paul Kruger, the Browns had their sights (and $34 million) on the 2012 sixth-best defensive tackle in the NFL. The 5-year contract guarantees Bryant $15 million.
Desmond Bryant should be a valuable asset to the Browns franchise. Considering the team hasn’t made the playoffs since 2002, Bryant’s tackle abilities is much needed. Let’s just hope Bryant’s off-field antics subside immediately.
Photo: Miami-Dade Police Dept
Although the big craze surrounding Texas Hold’Em and the game of poker didn’t jump off until the 80′s, many casinos are feeling its downfall on the Las Vegas strip.
In the past few years, the recession (or plain love for the game) has caused a huge shift in the popularity of poker. Many casinos are now having to close its poker rooms because of the lack of revenue the game generates. The Tropicana Hotel, for instance, decided to open up a hip new poker room in efforts to draw poker players in. But, since there has been a big crackdown on online poker sites and patrons’ lack of participation, the Tropicana changed their minds.
According to the Associated Press…
It’s a story that’s become increasingly common as the crackdown on Internet gambling weakens poker’s appeal, and the casinos that once competed to lure fans of Texas Hold ‘Em abandon the waning game in favor of more lucrative alternatives.
Poker has never been a big moneymaker like slot machines or roulette. But when the game’s popularity soared during the 2000s, casinos were willing to forgo the extra dollars to get players inside their buildings.
Now the calculus is shifting. In Sin City, epicenter of the poker craze, at least eight rooms have folded in the past two years. The trend is also playing out in Mississippi riverboats, Indian casinos and gambling halls near big cities from California to Florida.
Although other Vegas hotels aren’t feeling the effects , and ensures that their poker rooms are booming, poker revenue has drastically dropped in the last couple of years. The federal governments crackdown on virtual gambling caused revenues to steadily drop by 6% year over year.
Poker revenues stacked up to $123 million last year, down from a high of $168 million in 2007.
Entries in the World Series of Poker’s main event also took tumble in 2007, falling by 28 percent from a high of 8,773. Entries have only topped 7,000 once in the years since.
Read the full article here…
One can only shake their head when thinking about all the trials and tribulations that have seemed to engulf not only the NBA career Allen Iverson once had but other prominent areas of his life.
Fresh off the heels of a divorce, he has now been bit by the foreclosure bug and has lost his mansion in Atlanta. In the divorce decree, Iverson kept ownership of the almost 10,000 square foot home which he had on the market for $2.5 million. Iverson had the home built four years ago for $4.5 million. According to sources, the home was purchased for $2.5 million by Georgia Primary Bank.
As it’s been said here a few time before…if your outgo is more than your income then your upkeep will be your downfall. But hopefully somewhere along the way Iverson can get a grip, plant his feet on some solid ground and get it together.
Remember basketball player Lorenzen Wright?? In 2010, the NBA all-star was found badly decomposed in the southeast part of Memphis, Tennesee. Well, his name has popped up in the media again. Not for anything in relation to his death, but instead for an excessive amount of money his ex-wife Sherra Robinson Wright has blown.
According to Yahoo! Sports, of the $1 million life insurance settlement she received after Lorenzen’s death, Sherra has spent $973,000 of it. Before he passed, the couple finalized their divorce just four months prior to his death. In the 2009 divorce settlement, the former Mrs. Wright was granted $16,650 a month in child support for their six children, and $10,000 a month in alimony…for a total of $319,000 a year.
The untimely death of the NBA player apparently didn’t sit too well with Sherra. So much so, that his family has accused the ex-wife of mismanaging money. A recent court judement ordered a financial review of her spending habits. According to those reports, Sherra was able to blow a million dollars via the following expenses:
- $32,000 for a Cadillac Escalade
- $26,000 for a Lexus
- $69,000 on furniture
- $11,750 for a New York trip
- $339,000 for purchase and improvement to a new home
- $7,100 for a pool deposit
- $5,000 for lawn equipment
- $34,000 on legal fees
A judge has ordered an full investigation of the living conditions and welfare of the children. In addition, $184,000 of death benefits from the NBA is being routed to Herb Wright (Lorenzen’s father) for the care of the kids. According to Sherra herself, she claims that the family is financially okay and have $1.4 million in assets (a new home and three investment properties in Arkansas).
It is with deep sadness and utter disappointment that I have to report not to mention try to eventually fathom the mere thought of Boston Celtics’ star Rajon Rondo sitting on the sidelines for the remainder of the season. But unfortunately, that is the case!
After suffering a right knee injury during the Celtics loss to the Hawks late last week, the true extent of his injury was later confirmed over the weekend prior to the Celtics face-off against the Heat. In what I had hoped would not be the case, it was confirmed that the extent of it all was a torn ACL rendering him out of the game for the rest of the season.
Being that he’s one of the best players on the team, his absence could be devastating to their dynamics. But watching them snap their six game losing streak in double OT against the Heat on Sunday sans Rondo, the rest of the team proved that they can still hold it down. So we’ll see how the rest of the season goes for them.
Nonetheless we’re wishing Rondo a speedy recovery and wondering who’ll be taking his place considering he was recently named as the starting point guard for the Eastern Conference for this year’s All-Star Game.
Kobe Bryant got paper! Years of him shooting in the gym has paid off and created a multi-million dollar empire. But, what happens if he calls it splitsville from wife Vanessa? She would walk away with half of his earnings. Damn!
California has some of the strictest divorce laws than any other state. If married over 10 years, marriages are considered indefinite. Therefore, wife (or husband in some cases) would be entitled to life long spousal support and child support (if there are kids involved). In the case of Vanessa, Kobe will be ordered to pay an estimated $386,000 in monthly child support for his two little girls. Also, spousal support would run him up to $1 million.
Thank goodness the two was able to work out their differences….once again.
Do you think $1.36M is justified though? Let us know. We would love to hear your opinion on this.
San Francisco 49ers, Frank Gore, should be inducted into the Guiness Book of Records for wearing the most expensive pair of socks. If you noticed during Sunday’s match up against the Atlanta Falcons, Frank Gore experienced a wardrobe malfunction. Apparently, there are rules set by the NFL that applies to athletes and their uniforms. According to the NFL, it is a violation to wear short socks. Football players who violate this rule are automatically fined a whopping $10,500!
Frank Gore was charged with the violation and fined accordingly. This is his second time violating the socks rule. But Gore says,” he was so focused on winning the game and getting the 49ers back to a Super Bowl at last that he didn’t give his uniform all the attention he should have.”
Hopefully, Gore will follow the rules come SuperBowl Sunday when the 49ers take on the Baltimore Ravens for the title.
When it comes to the media, the first lesson should be ”watch what you say”. Apparently, Rob Parker didn’t get that memo.
Despite his tenure as a ESPN commentator, Rob Parker’s contract was not renewed at the end of 2012. According to news reports, an untactful (and slightly racial) comment was made by Mr. Parker regarding Robert Griffin’s marriage to a caucasian woman. Parker was on air, during ESPN First Take, when he called RG III a “cornball brother”. Initially, ESPN forced Parker into a 30-day suspension. But, after further thought and grief from viewers, they made ultimate decision to official terminate Parker.
Those who watch First Take is privy to the controversial comments and discussions frequently made on the show. I guess this time Parker took his comments a little too far. Hopefully, he will find new employment soon.
Do you think Parker should have been fired for his comment about RGIII??
While they’re not saying why, but following a serious of seeminly bashing Tweets and Instagram posts, the San Francisco 49ers suspended running back Brandon Jacobs yesterday.
After the announcement of Jacobs’ suspension for the final three games in which no other details were given, the team’s head coach Jim Harbaugh invoked his ‘fifth amendment’ right when asked to comment on the situation.
So like I said, while they’re not saying why, check out a few of Jacobs’ social media antics about not getting enough playing time and we’ll let you be the judge.
On Instagram, this past weekend after posting a series of photos of himself playing for the Giants, of which he did for the first seven years of his career, and of his two Super Bowl rings, he said in one of the posts, “I am on this team rotting away so why would I wanna put any pics up of anything that say niners. ”This is by far the worst year I ever had, I’ll tell you like I told plenty others.”
He later tweeted, ”I don’t understand why people are angry at me because I wanna do what I am paid to do, I am a competitive person, I think people should be mad if I didn’t wanna play. As for all of my Instagram photos I don’t have any niner pics, if you’ll find me some pics I’ll put them up.”
Well there you so you be the judge and let us know what you think. Was this a Foul on the Play? If so…on whose behalf? If you ask me, it doesn’t sound like he wants to be on the team anyway. It’s seems as him going to the playoffs with the 49ers may be a little iffy.
Well, well, well, it looks like the chopping block is at it again. First the Lakers fire head coach Mike Brown and now the Atlanta Falcons have chunked defensive end Ray Edwards the deuces. That’s right, they let Ray go!
While the organization originally had high hopes for Edwards when they signed him following his outstanding performances during his previous five seasons with the Minnesota Vikings, their dreams never came true. With a measly 3.5 sacks last season and only nine tackles (no sacks) out of the team’s nine games this season, it’s clear while the Dirty Birds are cutting their losses.
The 27-year-old was signed to a five-year, $27.5 million contract with the Falcons last year but it doesn’t look like he’ll see that through. However, he is guaranteed $2 million stacks of the $3 million base salary he was scheduled to earn this season.
What now Ray? What now?????
As if losing Game 1 of the American League Championship wasn’t bad enough, the New York Yankees were dealt an even heavier blow when their five-time World Series champion captain, Derek Jeter, fell to the ground with a season ending injury.
It was the top of the 12th inning when in the midst of fielding a ground ball, Jeter’s left foot took a turn for the worse sending him to the ground. When Jeter didn’t get back up and continued staring at his leg, the team manager and trainer rushed to assist him. Shortly after he was helped off the field with the official announcement coming after the game that Jeter’s ankle was fractured and for him postseason was a wrap.
Definitely a foul on the play considering the asset Jeter is to the team and not to mention the high hopes the Yankees have of making it past this round for a shot at the World Series. A Rod where you at?????
We’ll see how things go for them but until then we’re wishing Derek Jeter a speedy recovery!
The in-depth look into athletes, their triumphs, and their downfalls graciously returned to our television screens this weekend in “30 Under 30″. This is the second season of the documentary-styled film project project. Produced by ESPN Films and directed by Billy Corben, the first film this season “30 Under 30: Broke” explored a question we all wondered…why most NBA and NFL players go broke within 5 to 10 years after retirement.
Sucked into bad investments, stalked by freeloaders, saddled with medical problems, and naturally prone to showing off, most pro athletes get shocked by harsh economic realities after years of living the high life. Drawing surprisingly vulnerable confessions from retired stars like Jamal Mashburn, Bernie Kosar, and Andre Rison, as well as Marvin Miller, the former executive director of the MLB Players Association, this fascinating documentary digs into the psychology of men whose competitive nature carries them to victory on the field and ruin off it.
If you didn’t get a chance to see the documentary, you can watch the full episode below. It will also air again this Saturday, Octocber 6:30 on ESPN Classic. If you want to own your own copy of the film, it is now available for purchase on iTunes for $4.99.
What are you thoughts on the documentary?