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This NBA Hall-Of-Famer Could Have Owned $12 Billion Worth Of Nike…...

AFRICANGLOBE - At the peak of his NBA career, Spencer Haywood earned around $350,000 per season which is the same as around $1.5 million today. In the early 1970s Nike, then an upstart company, approached Haywood with an offer. The company wanted him to be a spokesperson for its shoes. Haywood was very interested. Nike presented Spencer with two options for compensation.

Persistence Pays Off For Entrepreneur And Inventor Curtis Smith

AFRICANGLOBE - The Lazer 900 displays dribble moves on a screen for players to mimic, much like the once-popular video game “Guitar Hero” had players mimic the notes as they came rolling forward. Smith’s machine poses a much greater physical challenge, though, invoking the use of a basketball, tennis ball, cones and more. It’s traditional basketball training blended with the digital age, and it’s on the rise.

$62 Million Dollars Gone — Another NBA Player Files For Bankruptcy

AFRICANGLOBE - Darius Miles, a former player for the L.A. Clippers star, has filed for bankruptcy. The 6 ft 9 in professional basketball player was the 3rd overall pick in the 2000 NBA draft and played for the Los Angeles Clippers. His nine-year contract earned him $62 million, but now it's gone. It's hard to comprehend $62 million gone so quickly. What happened?

Meet Maverick Carter The Man Who Negotiated Lebron James’ Billion Dollar...

AFRICANGLOBE - Everyone knows Lebron James the athelete -- Cleveland Cavaliers all-time scorer, winner of four NBA MVP Awards, two NBA Finals MVP Awards and two Olympic gold medals. But he is also a successful businessman, and one of his biggest endorsements is with Nike. There is almost always someone behind every successful person, and for Lebron James, that someone is his childhood friend-turned-business partner Maverick Carter!

Most Athletes Go Broke In Retirement. David Robinson Just Launched His...

AFRICANGLOBE - It's true that 60% of athletes go broke within five years of retiring, but there are certainly exceptions, too. Guys like Hall of Famer David Robinson, who made good money during their playing days and then kept making money off the court. Robinson, nicknamed "The Admiral" because of his graduation from The Naval Academy, currently has a net worth of $70 million, and is doing so well since his retirement that he just opened up a second private-equity fund.

Top 10 Highest Paid NBA Players Who Have Yet To Make...

AFRICANGLOBE - Here are the top 10 highest-paid NBA players who have yet to make it to the NBA Finals. It takes a team of talent to make it to the NBA Finals. Michael Jordan never made it, until the Chicago Bulls got better role players around him. LeBron James left Cleveland in search of it. He found it in Miami and is now trying to do the same in Cleveland, by building a new "Big Three."

Black Lawyers To Challenge Police Brutality In 25 Cities

AFRICANGLOBE - In an effort to combat police brutality in the Black community, the National Bar Association (NBA) recently announced plans to file open records requests in 25 cities to study allegations of police misconduct.

Donald Sterling Defiant: NBA Trying To Take His Personal Property

AFRICANGLOBE - A defiant Donald Sterling calls the NBA "a band of hypocrites and bullies" in a written statement the longtime Los Angeles Clippers co-owner sent to the media through one of his lawyers. He also wrote that the NBA needs to examine its own "discriminatory practices" rather than try to take away his personal property.

Lebron Never Said He Would Boycott If Sterling Stays As Clippers...

AFRICANGLOBE - It should come as no surprise that LeBron James is not exactly on the same page as former teammate Roger Mason who was quoted as saying James was prepared to lead a players boycott of the NBA if Donald Sterling still owned the Los Angeles Clippers at the start of the 2014-15 season.

Clippers Owner Donald Sterling Banned For Life, Fined $2.5 Million

AFRICANGLOBE - The NBA banned Los Angeles Clippers owner Donald Sterling from the game for life and fined him $2.5 million for racist comments made public over the weekend, the league's commissioner said Tuesday.

Three Major Leagues, 92 Teams And One Black Principal Owner

AFRICANGLOBE - I support them and give them food, and clothes, and cars, and houses. Who gives it to them? Does someone else give it to them? … Who makes the game? Do I make the game, or do they make the game? Is there 30 owners, that created the league?

Allen Iverson Loses Atlanta Mansion In Foreclosure Auction

AFRICANGLOBE - Just one week after declining an invitation to join the Dallas Mavericks' D-League affiliate as he continues his thus-far unsuccessful pursuit of a return to the NBA and days after a family court judge lambasted his parenting during divorce proceedings, former All-NBA guard Allen Iverson has now reportedly lost his Atlanta mansion to foreclosure.

Allen Iverson Has No Answer For Financial Woes

Allen Iverson has reportedly gone from 11-time NBA all-star to financial deadbeat. The Philadelphia 76ers icon was recently ordered to pay over $860,000 to...

Judge Seizes Allen Iverson’s Bank Account to Pay Jewelry Bill

A Georgia judge commandeered the bank account of former NBA star Allen Iverson in order to pay out a substantial debt for an unpaid jewelry bill in a summary judgement on Monday. The judge will garnish Iverson's earnings to allow Aydin and Company Jewelers to collect $859, 896.46 for the jewelry bill, court costs, interest and attorney fees, according to a report.

NBA Players Considering Starting Their Own League

New York Knicks star Amar'e Stoudemire says players have discussed starting an alternate league should the current NBA lockout force the cancellation of the 2011-12 season.