Derrick Coleman made $87 million, now files bankruptcy

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This is not the story you think it is. This is not some guy who made more than $100 million and gambled it all away in casinos, then tried to make a desperate comeback to make a little money.

Not every NBA story is about hedonism. Some, no many, players try to do the right thing.

Derrick Coleman — the former number one overall pick, the 1991 rookie of the year who never quite reached his potential — was investing the $87 million he made playing basketball in development deals in Detroit, trying to turn around a city in need of someone willing to make big moves there. But no city has been hit harder by the economic downturn than Detroit.

According to the Wall Street Journal, Coleman has filed for bankruptcy (via Ball Don’t Lie).

Coleman’s desire to invest in the Detroit area after his playing career ended contributed to his financial problems, Coleman’s bankruptcy attorney Mark B. Berke said Friday.

Among Coleman’s ventures is a struggling Detroit development called Coleman’s Corner, an attempt to revive one of the city’s most downtrodden neighborhoods. Coleman defaulted on loans related to the mall last year.

“Mr. Coleman was focused on investing in various communities throughout the city of Detroit by developing real estate, creating jobs and revitalizing business opportunities,” Berke said. “Due to the state of the economy, including the decline in the real estate market, Mr. Coleman’s investments could not be sustained.”

Coleman, best remembered as a Net, has an NBA pension, which means he can live pretty comfortably for the rest of his life.

DeMarcus Cousins pushes handsy Joakim Noah (video)

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Joakim Noah kept his hands on DeMarcus Cousins after getting called for a foul, and that – and/or the Kings heading toward their third straight loss – agitated Cousins into pushing the Knicks center.

Remember, Cousins and Noah have a history.

Aaron Gordon throws inbound pass off Marcus Morris’ back, scores (video)

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Aaron Gordon has backslid this season while playing out of his comfort zone at small forward, but there are still signs he’s progressing from great dunker toward great player – like this crafty inbounds pass off Marcus Morris‘ back.

Brandon Jennings sinks halfcourt shot after whistle (video)

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The NBA refuses to grant continuation when a player senses an intentional foul in the backcourt and launches a heave.

Fortunately, players continue to shoot anyway – which produced this fun Brandon Jennings non-basket.

Report: Kings forward Matt Barnes wanted for questioning after alleged New York nightclub fight

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Matt Barnes infamously fought then-Knicks coach Derek Fisher for dating Barnes’ estranged wife, Gloria Govan. Barnes even bragged that violence is sometimes the answer.

His self-earned reputation won’t earn him the benefit of the doubt over an incident earlier today.

TMZ:

Sacramento Kings star Matt Barnes is wanted by NYPD for questioning after he allegedly choked a woman inside a nightclub early Monday morning — and TMZ Sports got video of him right after the incident.

Law enforcement sources tell us cops got a 911 call to Avenue Nightclub after midnight, reporting a man assaulting 2 women and another man. We’re told things got physical when Barnes allegedly choked one woman during an argument — and when 2 other people tried to intervene … he punched both of them.

In the video, Matt and a teammate — it appears to be DeMarcus Cousins — are talking about the fight. The teammate is clearly heard saying, “Matt hit the s*** out this ni***!”

Barnes was also arrested for domestic violence against Govan in 2011. But she said the incident was blown out of proportion, and the charges were dropped.

The Kings have already played at the Knicks and Nets, so Sacramento doesn’t return to New York this season.