Former NBA Antoine Walker star Blows Thru $100 Million, Creditors On His Back for $4 Million

This is not a strange story at all. Most NBA players, nearly 60 percent, go broke after 5 years after their playing days are over. Obviously they are not getting great advice about how to manage money at that magnitude.

I have posted an in depth story previously about this phenomenon previously about how the multiple luxury cars, baby momma’s,inexperienced family and entourage members running multi-millions athletes into the ground. Here is another shocking story of how former NBA’er Antoine Walker literally blew thru 100 million dollars and is being chased down for $4 million dollars from creditors in addition to being arrested in Vegas for check fraud:

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via Yahoo

“[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. […]
Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot — two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches — Rolexes and diamond-encrusted Cartiers.”

FULL STORY HERE

Daily Show Helps Slim Thug Cut His Entourage in a Recession

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via HuffPost

No one is immune from this recession, not even rappers. And as Wyatt Cenac showed us last night on the “Daily Show” every sector of the rap economy is hurting. Jewelers to the raps stars can’t sell diamond encrusted guns, strippers who used to give rappers lap dances are lapless, and entourage members are getting laid off left and right. That’s where Mr. Cenac can be of real service–helping rappers like Slim Thug thin his posse with simple performance reviews.

50 Cent Joins HBO’s ‘Entourage’

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via Buddy TV

HBO’s Entourage will be a little bit crowded when the new season kicks off in July. Rapper 50 Cent will reportedly join the cast of the series that revolves around Vincent Chase, a young A-list movie star, and his childhood friends from Bayside, Queens, New York City, as they navigate the unfamiliar terrain of Hollywood, California. According to The Insider, the infamous singer has been spotted filming scenes for the show on Friday, joining cast members Jerry Ferrara, Adrian Grenier and series creator Doug Ellin on the set.

This is not the first time a rapper has graced the show. Entourage has easily carved a niche in the rap community by booking rappers like Kanye West, T.I. and Snoop Dogg. Moreover, both Saigon and Bow Wow have also recurrently appeared on the show.

“50 looked like he was enjoying his time as he drove on the streets of Los Angeles in a white convertible Rolls Royce,” The Insider reported, adding that the rapper’s episode is set to air in August.

As of this moment, however, 50 Cent’s participation on Entourage is not yet known.

This is the latest casting news for Entourage‘s sixth season. Gary Cole has been confirmed to be joining the cast as a regular for the new season while Lil’ Wayne is expected to appear in an episode as himself. Also guest starring are Tom Brady, Autumn Reeser, and Swarnendra Verma. Continue reading

If Lil Wayne Wins BIG at the Grammys, Expect BIG Crowd Onstage

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If Lil Wayne’s Tha Carter III wins album of the year, the rapper won’t be alone at the podium. The award, bestowed on an album’s artists, producers, engineers and mixers, means Wayne’s world of 42 contributors may congregate on stage to thank God and their moms.

It easily beats the last stampede in the album category, Outkast’s 2003 champ Speakerboxxx/The Love Below. The hip-hop duo shared the spoils with 15 engineers/mixers, two mastering engineers and producer Carl Mo.

Rap doesn’t have a monopoly on mob hits. When twangy soundtrack O Brother, Where Art Thou? won best album in 2001, 38 statuettes were dispensed. And Santana’s Supernatural, 1999’s top album, anointed 44 participants.

The record-holder remains disco soundtrack Saturday Night Fever, which won in 1978, when 32 artists and 18 producers collected Grammy gold for best album. Boosting that booty was a rule in force until 1980 allowing artist/producers to receive Grammys for both roles.

Multiple producers and songwriting by committee are far more common now than when the Bee Gees reigned. You have to reach back a dozen years to find the last twosome to win best album: Bob Dylan and Daniel Lanois in 1997 for Time Out of Mind. Even rarer? A self-produced artist like George Michael, who took best album for Faith in 1988. Then, it was lonely at the top.