Rumor: Kobe Bryant to loan players money during lockout?
"They’ve been deeply involved in the meetings we’ve had. I know Kobe is intimately involved in interfacing with colleagues and sharing in a pool of revenue to help the others get through this. Kobe has volunteered to do that in the event others need, he and others are prepared to loan money if necessary."
HoopsVibe’s Very Quick Call: The Bank of Kobe Bryant could be coming.
Union head Billy Hunter told the press superstar Kobe Bryant is willing to lend his union brothers money during the work stoppage.
This is a nice gesture by Bryant, but shows the need for NBA players to learn how to manage their money.
Take Eddy Curry. The puffy post turned one good season on a bad Knicks team into an exorbitant 5-year, $55 million contract.
In the last three years, Curry suited up for 33 games. While injured, he accumulated debt, overhead, and high-interest loans like a European ‘P.I.G.S.’ nation.
Now Curry, who will receive a massive pay-cut as a free agent when the season does begin, must honour those financial obligations.
I have a feeling Curry’s situation is not unique. Many, if not most, NBA players are stretched, so the owners only have to outwait the players.
Hunter should be more careful about releasing information to the public, even if it involves The Bank of Kobe Bryant.
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