Former NBA player Darius Miles files for bankruptcy

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Too often, we hear cautionary tales about professional athletes who make millions and then lose it all. The latest unfortunate example is Darius Miles, a high-school phenom who was drafted by the Clippers in 2000 and made $65 million over the course of his career. According to the Bellville News-Democrat, Miles has filed for bankruptcy.

Miles is 34 now. It’s been 16 years since the 6-foot-9 forward was drafted by the L.A. Clippers right out of East St. Louis High School.

But injuries, legal problems and bad investments have left Miles asking the court to allow him to sell off his assets to pay creditors. Miles listed $460,385 in assets and $1.57 million in liabilities.

Miles and his bankruptcy attorney, Robert Eggmann, declined to comment when contacted this week.

It can be easy for outsiders to question how it’s possible for someone to make that much money and wind up in this position, but it happens far too often.