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its absolutely fair, give AI 650 mil and see where he could be, certainly not in foreclosure and stuff.
the fact jordan was THE star is because of his abilities more then his charisma imo, and he fell (luckily) right into the time frame when nike (and others) were really starting to blow up for a lot of reasons, jordan being one but nike would be IMO just as big as it is now or close to it.
bottom line, jordan has ALWAYS been terrible with money, hes just lucky he has so much of it that it doesnt affect his livelihood or standard of living. would barkley have been sued if he had 650 mil? the fact remains hes a huge gambler (and not a good one apparently), he has a penchant for spending money on silly things, hes had minor abuse problems as well. he and tiger are one in the same to me, bad decisions, but so much money it doesnt have an impact on their standard of living.
now i will say he hasnt been a sbad as say mike tyson, or mc hammer but still hes not exactly pinching pennies or living the cleanest life.
I just can't describe someone with a rising net worth that has amassed 650million as being bad with his money.
I mean, if their financial guy has them on the right path and a stable or upward networth and they have $1mil a month to utterly blow on gambling, parties or whatnot then they are doing great and not "blowing money".
It's like, if I were blowing 2k a month at the casino I'd have a serious gambling problem.
Jordan blowing 200k a month at a casino would be goofing off.
I just can't describe someone with a rising net worth that has amassed 650million as being bad with his money.
I mean, if their financial guy has them on the right path and a stable or upward networth and they have $1mil a month to utterly blow on gambling, parties or whatnot then they are doing great and not "blowing money".
It's like, if I were blowing 2k a month at the casino I'd have a serious gambling problem.
Jordan blowing 200k a month at a casino would be goofing off.
the thing is, just because you had an agent who got you huge money, doesnt make you good with money. so his "people" made him money based on his talent. it is rumored he lost half a million in atlantic city and didnt leave the casino until 2:30 the night before game 2 of the 1993 ECF. he is also rumored to have lost 1.2 mil to one guy in gold bets in 1 year. now i own my own business and i do well, if i sat on my ass and let my sales person make sales, with minimal input from me, just collected a fat check, id be a pretty good guy with money right? but if while hes out making sales im sitting at a casino losing left and right and closed my company because of it, id be pretty bad with money. BUT by the math your giving me, as long as my people are making me enough money to go gambling and losing a ton without having to close my business, then im still good with money? what if nike and hanes closed its doors today and he had no more of that 80 mil a year in advertising money, how long would he last blowing money on a failing team, a 40 mil mansion, airplanes, and gambling away 500k in a night? 650 can go pretty fast. if he wasnt the greatest basketball player in history, but still had the same spending habits, he would be as broke as AI, period! everyone knows who he is for what he has done, and he has "people" that take care of his money for him not on his own.
Quote:
A friend named Richard Esquinas publicly claimed that Jordan paid him $1.25 million in golf-related wagers, raising concerns that gambling addiction could ruin his "Airness."
sounds like someone else thinks jordan is bad with money.
magic built his money on his own, he took what he had and risked it on things like 24 hour fitness and papa johns pizza. george foreman had next to nothing and he is worth 250mil now. and he did it on his own. (and he has a pretty sweet house about 10 miles from me lol).
would you say barkley has a gambling problem? he claims to have lost 2.5 mil in 6 hours at a casino. says hes lost 10+ mil. sounds like hes bad with money, its even worse when his worth is about 30 mil right now.
the thing is, just because you had an agent who got you huge money, doesnt make you good with money. so his "people" made him money based on his talent. it is rumored he lost half a million in atlantic city and didnt leave the casino until 2:30 the night before game 2 of the 1993 ECF. he is also rumored to have lost 1.2 mil to one guy in gold bets in 1 year. now i own my own business and i do well, if i sat on my ass and let my sales person make sales, with minimal input from me, just collected a fat check, id be a pretty good guy with money right? but if while hes out making sales im sitting at a casino losing left and right and closed my company because of it, id be pretty bad with money. BUT by the math your giving me, as long as my people are making me enough money to go gambling and losing a ton without having to close my business, then im still good with money? what if nike and hanes closed its doors today and he had no more of that 80 mil a year in advertising money, how long would he last blowing money on a failing team, a 40 mil mansion, airplanes, and gambling away 500k in a night? 650 can go pretty fast. if he wasnt the greatest basketball player in history, but still had the same spending habits, he would be as broke as AI, period! everyone knows who he is for what he has done, and he has "people" that take care of his money for him not on his own.
sounds like someone else thinks jordan is bad with money.
magic built his money on his own, he took what he had and risked it on things like 24 hour fitness and papa johns pizza. george foreman had next to nothing and he is worth 250mil now. and he did it on his own. (and he has a pretty sweet house about 10 miles from me lol).
would you say barkley has a gambling problem? he claims to have lost 2.5 mil in 6 hours at a casino. says hes lost 10+ mil. sounds like hes bad with money, its even worse when his worth is about 30 mil right now.
You make a host of assumptions there.
By extrapolating that he would get in trouble if things went sour because he wouldn't adjust his spending....isn't proof....it's wild speculation at best.
The guy lives within his means and has a growning net worth. Say what you want but its hillarious comparing him to Iverson.
By extrapolating that he would get in trouble if things went sour because he wouldn't adjust his spending....isn't proof....it's wild speculation at best.
The guy lives within his means and has a growning net worth. Say what you want but its hillarious comparing him to Iverson.
i make an educated guess based on the facts of his past history. remember he didnt always have 650 million (again that he had other people earn based on his fame which comes from his natural physical gifts) but he has always had a gambling problem. do you know what his salary was in 1993? 4 mil! now sure he had endorsements but again they didnt pay anywhere near what they pay these days. so basically in 1993 he gambled and lost at MINIMUM 50% of his salary. he has been known to gamble well before that, he only made $630,000 his rookie season where he was already rumored to be a gambler.
bottom line, take away the smiles of great fortune he has been given from his god given talent and he is no better (maybe worse) with his money then AI.
you are assuming that having great wealth means someone is good with money, this is just not the truth. he was smart enough to allow SOMEONE ELSE to run his finances for him, and that person has done well for him (and for himself im sure), but that doesnt make mike jordan good with money which is where the root of this conversation came from. he is very clearly bad with money imo.
He's too aloof and too much of a loner to be a regular commentator, and it doesn't seem to me like he would like doing it anyway. He does pretty well as a guest on TNT and other programs though, but he seems like more an introvert who would get emotionally worn out by talking to people on TV for long periods of time.
As far as coaching goes, he doesn't have the inclination or the patience to deal with coaching other guys, especially lower talent guys. Guys like Kobe and Jordan who have tons of natural ability seem to struggle with coaching because they expect everyone else to be able to do the things they were able to do and get frustrated when they can't.
It's hard to teach someone something that is second nature to you. Kobe is like a child prodigy in music, they can't explain very well how to play piano because it's easy to them, and it's hard for them understand why it's not easy for everyone else. The best coaches in the NBA are usually guys who never played in the NBA or were role players.
And he has explicitly said that he has no interest in coaching anyway:
Quote:
“No. Absolutely not. No, no, no,” he said.
“Being a coach is too frustrating for me. I like coaching kids and holding training clinics for the kids. But to be a coach from the regular season to the playoffs … I have no interest at all.”
[LEFT]
Read more: Coaching not in Kobe Bryant`s future :InsideHoops
Like Jordan, he would probably be a poor talent evaluator as well.
I think he could be successful as a position coach working with shooting guards on individual aspects of their game though. That's a whole different ballgame compared to being a head coach, assistant coach, or GM.
It kind of gets covered up because he plays for the Lakers, but his personality really isn't all that marketable.
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