Report: J.R. Smith is “broke,” father pushing him to stay in New York

Jus let me be an NBA player for 1 week. I’d be an investing a$$. The way some of these athletes waste money just irks me sometimes.

At least JR is lucky enough to still be in his earning years.

Lets hope he’s smart enough to keep a leash on his checkbook, and keep the # of baby-mamas to a minimum.

How do some of these guys do this? I read an article about Antoine Walker in SI about how he had $100 million and is now broke in the D-league. I just do not understand how someone can be one of the richest people in the country, and then waste as much of their money as possible.

 jr smith killed someone in the accident so my guess is that he gave some cash for off court settlement idk :/ but yeah hes worth more at least nick young salary

^^ this
he killed one of his good friends in a car accident and im sure tons of his money went towards that.

NBA players need to have a plan B and think about their education.

He should have gone to college…

he needs to save up money have a seperate account with lets say 5 mil and he can life of off interest on 5 mil thats 200k a year. buy some real estate and rent it, open up a restaurant of a gas station , and hes good.. but i guess thats just me. i woulnt spend it on hoes, 20 cars, and an entourage of thirsty hungry bloodsucking childhood friends. id buy a nice house in OC , a nice BMW and would be careful about who i sleep with, and alwaysss wear a condom (ask sean kemp)

I don’t understand what college would of done for him.  You get handed everything in college if you are a star and nothing costs money.  When you hit the NBA you willl still be getting millions thrown at you without much of an idea of how life really works.  What JR Smith needed from the ages 16-19 was a part-time job at Wal-Mart, Red Lobster, etc.  See what the real world is like.

I remember reading that he lost over $1 million while playing in China cause he didn’t bother going to practises. Google it.. search "JR SMITH slamonline china" it should be the first SlamOnline link that shows up.

Honestly, $1million PLUS just from not going to practises…

I’m not even surprised at this story.

Yes plan B should be go to college because so many ppl with college degrees are finding jobs that pay well.

The plan shouldn’t be investing it rather save it and stop spending it frivilously.

The interest ppl can make on millions is pretty big.

If I were an NBA player,I would have a condom surgically sewn on my weiner! that would save alot of problems

You know what scratch that…condoms dont feel the same. Id probably just continue raw dogging hunnies all night long

 doesnt suprise me at all a basketcase like smith is broke id saw the mention b for about him losing over a mil in china thats because chinese people dont put up with these cry babies imagine if the nba punished players that way thered be alot less drama queens running around the toine walker mention dude has a severe gambling addiction ive heard stories of him losing millions trying too play high stakes poker with pro poker players

 Should have went to college? He can still go but that’s not the point. It doesn’t matter where his money is going. He needs to make a change in his lifestyle. He is going to make enough money over the next 5 years to live off of the rest of his life. He needs to quit the spending and invest some of his money. 

anyone ever hear of Bernie Maddoff???

Investing money is a Scam, putting your money in the bank can be a risk too, some banks have gone under over the last few years, I know Insurance should cover you but I’d never want to trust a Banking Institution in this day and age…

He should have put his money towards tangible items like Business(wise business ventures like Apartment Complexes and shopping strips)…Property like Apartments and Store Front properties are always in demand…

Guys like JR fall into these problems because they have no real structure in their lives, they also spend more money they should be supporting posse’s and family members from Mars…

We can’t really judge these guys for spending like Crazy when we’d probally do the same thing if given Millions of Dollars…

The smartest thing a Rich Man can do is not have sex with Broke ass Women, The Rich should be with The Rich, that’s how most rich families/dynasties keep their families wealth, they don’t down grade and have children with Gold Digging Females…You never see a Rich woman make a family with a broke ass Man, they are much more in tune with their finances and they won’t bring their situation down being with some scrub

Bottom Line, Is Men keep your Diggle Berries in the right social circle or  become the next victim of The Child Support road to bankruptcy…

"If I were an NBA player,I would have a condom surgically sewn on my weiner! that would save alot of problems"

Sounds worse than a goddam vasectomy.

"Actually Investing your money is the worst thing to do"

 "He should have put his money towards tangible items like Business(wise business ventures like Apartment Complexes and shopping strips)…Property like Apartments and Store Front properties are always in demand…"

That is investing your money…..

It’s worth noting that close to half of an NBA player’s earnings go to taxes and agent fees. Unless they choose not to have a big time agent, which quite a few do.

Still that means that with a few million in China money, he has earned probably $15 million income, after taxes and agent fees, in 8 years, and is "broke". Now one vaguely hopes that "broke" doesn’t literally mean he has no money at all left, but either way he has clearly burned through money at a rate most of us can scarcely fathom.

Then again, am I supposed to feel sorry for him? At some point it either sinks in that being a millionaire doesn’t absolve of responsibility for your finances, that millions of dollars can be spent remarkably quickly if you aren’t smart, or it doesn’t and you end up Antoine Walker.