One of my theories in life is it’s good to know rich people. Because sometimes they can help you out when things seem pretty hopeless.
Like if you owed the IRS $120,000 to the Internal Revenue Service and weren’t sure how to pay it. That’s the spot former NBA and Miami Heat star Tim Hardaway found himself in, but he knew the rich people that own the Heat. We’ll let the Detroit News explain what happened.
Hardaway, 44, ran into tax trouble in June despite being paid more than $46.6 million during his NBA career. The IRS filed a tax lien against his property and the bill listed his 7,542-square-foot mansion in suburban Miami
On Sept. 3, three months after the lien was filed, Hardaway sold the mansion to Miami Heat Limited Partnership, which owns the Miami Heat….
The Heat paid $1.985 million, according to public records. Today, the Heat is trying to sell the five-bedroom, five-and-a-half-bath estate, which comes with a pool and private basketball court decorated with a Miami Heat logo, for $2.5 million.
Hardaway would not say why the Heat purchased the home. Meanwhile, Hardaway still lives in the house while they try to find a buyer.
I have no idea what Hardaway’s financial situation is, but if he is hurting for cash he would be far from the first pro athlete to make unseemly amounts of bank then be hurting financially within a decade. It happens more often than you think.
Hopefully that’s not Hardaway, he said he was good financially despite the tax lien. He works as a radio color commentator for a network that broadcasts Big 10 college games.
One last look back: Best dunks of All-Star Weekend (VIDEO)
“The recruiting process is really going alright. It’s going alright. I’m trying,” Beal said. “This is new for me. I’m definitely getting some ears and seeing what guys are looking for.”
Beal was too smart to name names — that would have brought a fine from the league — but he said some guys asked if he was happy where he was, while other guys he talked to about the possibilities in Washington.
The problem is while the Wizards will have some cap space after trading Otto Porter and Markieff Morris (and assuming they don’t pick up the option on Jabari Parker) but they will be nowhere near the max cap space needed to land the elite free agents at the All-Star Game (Kevin Durant, Klay Thompson, etc.). Even the second-tier All-Star free agents such as Khris Middleton will get max offers. Same with players who just missed the game, such as Tobias Harris.
If the Wizards renounce free agents they can get to $9 million in cap space, stretch and waive Ian Mahinmi and they can get to $18 million. That’s the top end. Meaning the Wizards will have room to make moves for good rotation players, but with John Wall‘s supermax extension kicking in at $38 million next season flexibility is limited. Genuine upgrades will be hard to come by.
Predicting what Washington GM Ernie Grunfeld will do next summer is a fool’s errand, but Beal is doing his part to try and bring more talent into Washington.
Kevin Garnett says 2000 Olympic team had $1 million bounty to dunk on Yao Ming
Team USA earned a Gold Medal in the 2000 Olympics in Sydney, led by Vince Carter, Kevin Garnett, and Alonzo Mourning. Lithuania made the Americans work that year, losing by just nine in pool play then by two points in the semi-finals.
That’s not what anyone remembers from those Olympics, they remember Vince Carter doing this to 7-footer Fredric Weiss of France.
Everything just paused. First of all, people didn’t know, we had a bounty out on Yao Ming. The whole USA team had a bet. We had a million dollar bet on who was going to be the first person to dunk on Yao Ming. None of us did. We all tried to dunk on Yao, but he would block it or we would miss. So, the first thing I thought of when I saw Vince dunk over Frederic was oh s***, you won the million dollars. But then I realized it obviously wasn’t Yao. I pushed Vince, and if you look at the clip, he almost punches me in the face by accident. But my first thought was, oh s***, you won, you got the million.
KG has the best stories.
MSG denies rumor James Dolan looking to sell Knicks
“The story is 100% false. There has been nothing. No discussions. No plans to have discussions – nothing.”
That’s pretty unequivocal.
While Dolan may entertain the idea on some level of selling the Knicks, until he takes concrete steps to do so — not rumors, but actual, documented moves — I’m not buying it. He’s sitting on a gold mine that keeps going up in value, despite how he manages it, so why sell now? Knicks fans that buy this rumor will likely end up like Charlie Brown trying to kick the football.