Derrick Coleman made $87 million, now files bankruptcy


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.

Dwight Howard crushes Kristaps Porzingis with dunk (video)

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Sometimes – as Kristaps Porzingis sees against Dwight Howard – it’s more flattering just to play James Harden-level defense.

Marc Gasol heads ball into basket after drawing foul (video)

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This was not Marc Gasol‘s first attempt to head in the ball after a whistle, but this time, he converted.

Here was his January try:


James Harden’s defense: Stop and point while opponent flies to rim (video)


As Rockets general manager Daryl Morey once noted, cherry-picking James Harden‘s worst defensive plays to create a video is unfair. Many players would look awful by that measure.

But Harden provides serious ammo for these worst-of videos.

This non-attempt to stop Lance Thomas is just brutal.

At least Houston buckled down to beat the Knicks, 116-111 in overtime. The Rockets have climbed to 26th in points allowed per possession.

Jerry Colangelo says Kobe Bryant could still make 2016 U.S. Olympic team

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So, Kobe Bryant‘s NBA career is officially going to come to an end after the 2015-16 season. That part he announced on Sunday.

What’s still up in the air is Bryant’s participation in one last Olympics. Bryant has been in consideration to make Team USA this summer at the games in Rio de Janeiro, and USA Basketball chairman Jerry Colangelo tells’s Marc Stein that he hasn’t ruled that out yet:

Kobe was asked about this at his post-game press conference Sunday and said it was not a goal, but if it was offered he’d consider it.

“I’d be honored if that was there, it would be fantastic to be around that group and spend kind of the last journey with them,” Bryant said. “That being said, it’s not something that I’m obsessing over.”

‘When Bryant made it known that he wanted to play in Rio, he made it clear to Colangelo and Team USA coach Mike Krzyzewski that he wanted to earn a spot, not be given one as a lifetime achievement award. Watching him so far this season, it’s almost impossible to imagine him making the roster on merit.

But nobody should begrudge him if he wanted to extend the farewell tour just a little bit longer.