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.
Tommy Hawkins passed away recently at the age of 80.
The former NBA player was the first black athlete to earn All-America honors in basketball at Notre Dame (he still holds the school’s total rebounds record), was drafted in the first round, and went on to have a 10-year NBA career playing for the Minneapolis/Los Angeles Lakers as well as the Cincinnati Royals. Los Angeles fans may also remember him as the long time director of communications for the Los Angeles Dodgers after his playing days ended.
The NBA put together this well done video look back at Hawkins’ career.
Isaiah Thomas said he expects to be ready for the Celtics’ training camp next month. The guard’s All-NBA season came to an early end in the playoffs when he aggravated a labral tear in his right hip initially suffered back in March. At least the injury did not require surgery.
Players are also about the worst judges of when they will recover from an injury. They pretty much all think they are invincible and will be healthy faster than doctors predict.
Coaches tend to be more pragmatic. Take Boston’s Brad Stevens, who told Chris Mannix on The Vertical Podcast that tests in a couple of weeks will show if Thomas is ready for camp.
“He has another follow-up and another scan in the early part of September. Obviously, it’s been a lot of appropriate rest, a lot of rehab. There have been some good strides here certainly in the last month or few weeks, but we’re not going to know that until after that early September timeframe.”
The Celtics are understandably going to be cautious with Thomas, while Thomas wants to prove he is healthy and has no ill effects from the injury as he enters a contract year (one where he expects to get PAID). Also, the Celtics could use him in camp as they start to figure out how he and Gordon Hayward can share playmaking duties.
Still, from the outset, the timelines have suggested he should be ready for camp in late September. Coaches are just cautious on these things by nature.
LeBron James has four NBA MVP trophies in his case. (Does he keep that case in his home in Akron or the one in Los Angeles… that’s a question for another day.) Only Kareem Abdul-Jabbar (six) and Michael Jordan (five) have more.
Could LeBron James add a fifth to his case this season?
Allen Iverson said yes at last weekend’s Big3 playoffs in Seattle.
LeBron was fourth in preseason odds to win the MVP at 15/2, behind Russell Westbrook, Kevin Durant, and Kawhi Leonard.
To me, LeBron could be a good bet. If/when Kyrie Irving is traded, the chances of LeBron getting the MVP go up. If LeBron puts up impressive numbers (again) and leads a depleted Cavaliers team to a top two seed in the East, he is certainly going to be in consideration. And should be.
It’s a long season, and personally, I think you need to get midway through the season before seriously considering the year-end awards. But history says LeBron will be in the mix, and Allen Iverson could be proven prophetic.
With the cooler-than-I-expected solar eclipse on Monday came a lot of bad solar eclipse jokes on Twitter. Because that’s what Twitter does. Especially the NBA Twitterverse. We knew a lot of “where on the flat earth will Kyrie Irving watch the eclipse?” jokes were coming.
There were a couple of good ones, however.
Appropriately, the Phoenix Suns won the day.
One personal favorite here, an old meme that never goes out of style.