'Toine Sells 2006 Championship Ring

[Sħãlïq™]

Antoine Walker sells 2006 NBA championship ring for $21,500 as part of bankruptcy settlement:

 

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Last week, Kelly Dwyer shared with you a monster story by Sports Illustrated's Chris Ballard about how former NBA star Antoine Walker found himself playing for the D-League's Idaho Stampede and sharing a $915-a-month apartment with a teammate, about as far removed as possible from eight-figure contracts and All-Star appearances. It's an amazing read.

In the feature, Ballard writes about how Walker became broke, detailing the steps that led the three-time All-Star to declare personal bankruptcy in May 2010 "after blowing the $110 million he made as a player (as well as the unspecified millions he landed in endorsements) due to a lavish lifestyle, a series of disastrous real estate deals, sizeable gambling losses and well-intentioned largesse." Walker had racked up $12.7 million in debts at the time of the filing, according to court documents, and had just $4.3 million in total assets remaining.

 

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The Miami Heat's 2006 NBA championship ring. (Getty Images)

Having to see the 2006 NBA championship ring he won as a member of the Miami Heat head out the door will not make that silver lining search any easier.

TMZ has the story:

 

According to court docs, Walker had to liquidate his property to pay back his creditors ... including his ring. Now TMZ has learned, the ring has been tentatively sold to a guy named Andres Garcia for a cool $21,500.

 

A judge needs to sign off on the deal before any money changes hands ... but we're told it's pretty much a done deal.

Full Story

Edited March 20, 2012 by Sℏãℓïʠ

[DunkinDerozan]

Wow. Must be desperate for some cash. This must have really hurt.