Boston Celtics NBA champion Antoine Walker lost $108 million of his career earnings as a player and had to sell his championship ring due to a luxurious lifestyle, gambling losses, and the impact of the Great Recession. Gambling losses also contributed to Walker’s financial troubles. Walker had endorsements, lucrative contracts, and All-Star appearances, but was rudderless when it came to managing his finances.
Employee No. 8 was always generous with his money, often giving cash to friends and family. Despite his financial downfall, Walker has since bounced back and now helps young athletes facing the fiscal challenges he once did without guidance manage their money to try to prevent history from repeating itself with another generation of young players.
To hear more of the cautionary tale Walker turned his near-disaster into, take a look at the clip embedded below courtesy of the ClutchPoints YouTube channel.
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