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The Sad, Sad Story of Antoine Walker

Chuck - Red's Army October 25, 2009 Uncategorized 6 Comments

Antoine_Walker

The Globe has an expose on the financial troubles facing former Celtics star Antoine Walker. The Cliffs Notes version: Walker likely squandered most of his $110 million fortune.

Aside from the extravagant lifestyle; homes, cars, custom suits, watches, etc, Walker also supported 70 friends and family members. Former teammates say 'Toine always took care of them, paying for limos and the biggest dinner bills.

Not only does Walker owe casinos, he also owes money to several credit card companies. He authorized five people to make charges on his card. Five? I have a hard time give my wife authorization. And there are the failed business ventures.

Sadly, Antoine is going to be the poster child for future NBA stars on what-not-to-do.

Here are some excerpts from the article. Some of this stuff is mind boggling:

Living at the Bishops Forest condominium complex in Waltham during the
Celtics season, Walker turned the pavement surrounding his home into a
virtual luxury car lot – two Bentleys, two Mercedes, a Range Rover, a
Cadillac Escalade, a bright red Hummer. Often, the vehicles were
tricked out with custom paint jobs, rims, and sound systems at
considerable added expense. He also collected top-line watches -
Rolexes and diamond-encrusted Cartiers.

Then, there were the custom-tailored suits – closets full of them,
including the set he ordered for his first playoff run in 2002, enough
so he wouldn’t wear a suit more than once during the postseason run.
When the Celtics officially hired Jim O’Brien as head coach in 2001,
Walker had his tailor make three suits and presented them to O’Brien…

After a 2001 exhibition game at Mohegan Sun, Walker once reportedly
played $15,000 hands with Michael Jordan during an all-night gambling
session where estimates of money lost and won totaled several hundred
thousand dollars. Prior to the 2003-04 season, when Celtics general
manager Danny Ainge called Walker to tell him he had been traded,
Walker was engrossed in a high-stakes blackjack game at Mohegan Sun.

Walker is trying to latch on to an NBA team, but a contract doesn't appear likely. There's also speculation he'll sign overseas.

Love him or hate him, this guy brought energy and sizzle to the Celtics during its darkest days. For that, I will always be grateful. I hope he gets his life in order.

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  • Antoinew8

    I understand the reasoning for this story I suppose, Antoine was a big star in Boston and has recently been noted as having high debts in Vegas, and after taking home 55 million plus in earnings over his career, nothing close to financial problems should ever occur. But like his mother and Paul Pierce have said, it doesn’t really seem like as serious a problem as they initially make it out to be in this story. She and him still have their houses, which if it were as serious a problem as the story would like us to think, would be two of the first things to downsize, and then there’s the fact that he was able to pay his bail of over $100,000. Now i know the total money owed that’s floating out there is somewhere arount 3million dollars, but like it says in the story, he could sign over in Europe for a while and make that back in two years. Plus the majority of his money is owed through his business ventures, which he may not completely be responsible for paying, he may have partners.
    Now obviously i am an Antoine appologist, with my name of Antoinew8, but like his mother said, his life is his life and he should be able to live it how he wants to, and his private matters should be just that; private. Stories like this shouldn’t pop up. It’s his private life, his private problems, and unless the guy has to go to jail or there is an actual public record situation like bankruptcy any articles on any persons private situations should be off limits. The report of him owing money to the casino is where this should have stopped in the media, but they just have to pry and pry these days. It’s sad.

  • KY Celts fan

    I hate to see this happen to Antoine. He still has a lot of followers here in KY for what he helped accomplish with the ’96 Wildcats. I hope he gets things back in order. I’d love to see him play again, at least for a season, and show people why he once commanded the salary that he did. But I don’t think that will ever happen.

  • Bas Rutten Jr.

    “Love him or hate him, this guy brought energy and sizzle to the Celtics during its darkest days. For that, I will always be grateful. I hope he gets his life in order.”
    Hear, hear!

  • http://profile.typepad.com/6p0115704b7be5970b bigpartymaker

    yeah i wouldn’t call this story sad. when a grown ass man pisses all his money away, that’s just dumb. he’s still got his health, and money comes and goes.

  • http://profile.typepad.com/6p0115711f7ae3970b Dre (from Los Angeles)

    I don’t think we need to cry over his situation, because with all his debt, he still owns some expensive pieces of property. If he were to consolidate and sell off his assets, I’m more than certain he’d have more than enough to cover the debt. He’ll have more money left over than most of us have earned in the past 25 years.
    What is sad is that he doesn’t really have a firm grasp of reality – he’s not bringing in the big contracts anymore and he never adjusted his lifestyle. That needs to change otherwise this recent brush with debt won’t be the last.
    If I were him, I’d sell it all off, circle the wagons, and look for a broadcasting or front office gig.

  • WRcelts fan

    “the wiggle” greatest sports related dance move of all time. leaving ATL’s dirty bird, and ray lewis’s pre kickoff dance in the dust.