Posts for money

Money: It May Not Ruin the Hockey Season, Allen Iverson is Losing it, Lenny Dykstra Lost it

Kyle Scott - December 5, 2012

image from mobilwi.typepad.com
And Michael Vick won't be planking on it (but he did make $24,000 per snap with the Eagles)

– Today is a big day for hockey. Owners and players met – directly – late last night in New York. No Flyers, nor Ed Snider, were present, but there is cautious optimism for a 50(or so)-game season, Tim Panaccio reports: [CSN Philly

“Very cautious,” one source said. “Still very early, but better dialogue today.”

It’s been quite a while since both sides considered they made significant progress in the talks, but that may have finally changed. 

 

Snider will be present today, however, at the league’s annual board of governors meeting. The assumption is that if there is going to be a season, this week’s meetings would be close to the last chance for a deal to be reached. With optimism coming out of yesterday’s meetings and owners getting together today (especially influential ones like Snider), you’d think that some issues could be decided. Maybe. Probably not.  

– Allen Iverson divorce proceedings are still ongoing and, as such, we’ve learned a bit about AI’s finances. According to court docs obtained by TMZ, Iverson brings in about $62k a month in income (assorted endorsements, residuals, I assume), but his expenses are around $360k per month. Now, I’m not real good at math, but something tells me he has a cash flow problem.  

image from assets1.bigthink.com

So, where does the money go?

A large chunk — $125,749.33 to be exact — is spent paying off various creditors (like his jeweler) … and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off). 

But Allen says he blows a lot on OTHER expenses too … like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants … and so on. 

All in all, Iverson — who reportedly made over $150 MILLION during his NBA career — says he ends up in the hole each month to tune of $295,876.66. Ouch. 

Despite the mounting debt though, he's still got his Maybach (which is fully paid off) … and reportedly worth between $340k – $400k.

 

Well, at least the Maybach is paid off. Maybe he should sell it. Everyone needs a Maybach. 

– Lenny Dykstra was sentenced to six and a half months in jail as part of his federal bankruptcy case. He hid (and sold) valuable sports memorabilia from his playing days and household items during his bankruptcy investigation, which is quite illegal. Dykstra was originally sentenced to 14 months in prison, but he had already served seven while awaiting sentencing. He will also have to do 500 hours of community service. 

The LA Times reports that Dykstra, while in jail, got into a fight with sheriff’s deputies back in April:

"Dykstra became agitated and assaulted a [medical technician] and a nurse," sheriff's spokesman Steve Whitmore said. "Deputies then used force to restrain Dykstra."

Dykstra suffered a bloody nose, but Whitmore denied reports that Dykstra's teeth were damaged in the struggle. He said a use-of-force report was taken and an investigation was opened. The Sheriff's Department operates the county jail system. 

 

The Dude.

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It Seems DeSean Jackson Owes This Local Jeweler Some Money

Kyle Scott - June 18, 2012

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Ya boi d-jacccc and jaccpottt all turnt up in diz hows!! Ferareiees n blng N u do herrrre meh!!!

Last week, we pointed you in the direction of Tim McManus’ article on The Philly Post (Philly Mag’s online bloggity maintained by our friend Mike Bertha). The story focused on DeSean’s Jaccpot Records and the company’s spending habits, which are mostly funded by D-Jac, the record label's CEO. One quote stood out:

It’s a champagne and diamond world he’s funding, and it ain’t cheap.

 

Well, it might be cheap if it’s free

Shyne Jewelers, founded by Josef Roth, calls itself “the nation’s celebrity jeweler.” And while we’ll let you judge that claim for yourself…

Shyne Jewelers is known for its pieces made for world renown celebrities and athletes. Some of our clients include Meek MIll, Lou Williams, Ricky Rozay….and many many more..

 

… it’s apparent that Shyne gave the Eagles’ star wide receiver some bling. Bling that they would now like to be paid for.

Tweets from last night: 

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Uh oh. The Lenny Dykstra path to success: just don’t pay for shit.

We’ve reached out to Shyne for more details, but haven’t heard back yet.  

Whatever the case, looks like DeSean owes some money for bling. And you can probably count that as the least surprising news of the day.

H/T to (@JOBoogz)

WDDJD: What Did DeSean Jackson Do (This Weekend)?

Kyle Scott - February 13, 2012

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That's Jaccpot Records… we think

Well, for starters, he neared a franchise tag with the Eagles. That’s according to a report by Les Bowen punch recipient Jeff McLane. He writes, citing NFL sources, that the Eagles will place the franchise tag on D-Jac, an action that would pay the swaggy wide receiver nearly $10 million next year. But McLane speculates that with such a hefty price tag, the Eagles might have the intent of trading Jackson: [Philly.com]

While player-for-player trades are rare in the NFL, the Eagles could choose to fill a hole at linebacker or safety by parting with a player who plays a position the Eagles are deep in. Of course, the number of talented receivers on the market could make it difficult for the Eagles to find a partner.

While Jackson has said that he wants to remain an Eagle, a trade would open the door for the second-round pick to get the long-term deal he so covets. Any team willing to trade for Jackson would likely want to lock him up for more than one season. 

 

We shall see. Meanwhile, D-Jac was somewhere this weekend for some sort of Grammy-alternative party for Cash Money and or Jaccpot records (DeSean’s label)– I’m really not sure and I don’t feel like looking it up. Above is a picture tweeted by D-Jac, and below is a picture tweeted by Philly rapper Meek Mill. Still waiting for that first “workout” Tweet…

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Dats some SIRIus Cali swagggg N ya do herrrr meeeeh!!! Str8t ^!!

H/T to (@ACiacca)

Your #shitmaliksays Highlights

Kyle Scott - January 11, 2012

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via reader Heath, who is referring to this… just in case you were unaware

Before last night’s game I tweeted Malik Rose, informing him of #shitmaliksays and asking him to bring his A-game. He was appreciative: Lol. Wow!! Thanks man. Truly honored. Thank you. I'll be ready bro. Go SIXERS!!”

He didn’t disappoint.

Last night’s clear standout one-liner, judging by your Tweets, was Malik’s money shot comment to Marc Zumoff, who was either frightened… or had no idea what it really meant: [via reader Daniel]

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Brilliant segue, Marc…

Does anyone get the sense that Zoo is basically playing the role of Taj from Van Wilder? Think about it, he spent years with The Mayor, Steve Mix, and then had to suffer through Eric Snow’s snoring last season. Now he’s teamed up with Rose– Negrodamus himself. In fewer than 10 games, Rose has already left Zoo speechless on several occasions, including last night’s money shot reference, which I imagine Zoo had to look up on Urban Dictionary (officially: The delicious moment when a male "artiste" let's fly into the face of his female co-star). It’s clear that he’s totally studying under Malik. By February, Zoo is going to be coming to games with a chain hanging low, 22-inch rims on his Malibu, and seven six-foot tall coeds from the Connecticut School of Broadcasting in tow. I can see it happening, and we'll have Malik to thank for it.

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Most Indians would say “cow,” because they’re sacred. But I hear “milk,” I think giant jugs. I cannot go home a virgin. I came here to study the great American art of muff diving, to smack clam, munch rug, dine at just one American pink taco stand. I want to do, how’s it? Park the porpoise? I want to take it through the car wash, baby. And get it waxed. I want to wax it, wax it, waaax it. And air dry. Air dry that shit. I would like to be your assistant.

Wax it, Zoo.

Anyway, here are the other #shitmaliksays highlights from last night: [context provided where possible]

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Play Our FREE One Night Only Fantasy Baseball Game For a Chance to Win From $150 Cash Prize Pool

Kyle Scott - May 24, 2011

Sticky post, keep reading for more details.

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Bill Simmons Calls Sixers A “Feel Good Story”

Kyle Scott - March 29, 2011

Aww shit, even Celtics apologist Bill Simmons likes Young Money. Going Lil works:

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So, a Couple of Eagles Asked Brandon Graham for a Loan

Kyle Scott - February 28, 2011

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Tremendous story by Tim McManus this morning over at Philly Sports Daily. The looming NFL lockout appears to be nothing more than a fight between millionaires and billionaires. But when you consider that many NFL players will play in the league for far less than a decade, sign one lucrative contract (at best), and have no other discernible skill in life, what you're left with is a handful of set-for-life players and a bunch of guys who are going to be broke just a couple of years after they hang it up (78% of them).

It's guys like that who sought assistance from Brandon Graham, who signed a $14 million contract and has a group of trusted advisors:

This makes him attractive to the needy and the greedy seeking some liquid – including his own teammates. By Graham’s count, at least two fellow Eagles have asked him for substantial loans to get them through the lockout.

The most he’s gotten hit up for?

“100K,” said Graham.

“They try not to make it awkward. They’ll come to you like they’re joking, but they’re serious. They’re trying to feel you out, to see what you’ll say.”

Graham always has the same reply: No.

“I’ll be like, ‘What are you going to do with it, other than blow it?’ I don’t want to be beefing with guys on my team because they owe me money,” said Graham.

 

Besides the obvious chuckle that comes with hearing an NFL player asked a teammate for a loan, situations like this allow us to see just how much of a gap exists between the owners and the players.

Pretty much a must read from T-Mac.

Carts by the Numbers

Kyle Scott - November 14, 2010

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It's like "Paint by Numbers," only with sex, alcohol, and blown Game 6 scoring chances.

Jeff Carter will be paid $58 million over the next 11 seasons.  His contract includes a full no-trade clause through 2014-2015, and a limited NTC after that season.  The length of the contract allows the Flyers to lessen the salary cap hit, since Carts will be making $5 million or more over the first eight years of the deal ($3 mil or less the final three seasons). 

That's a long time, yo.

But just how long is 11 years and much is $58 million?

When Jeff Carter's contract finishes, Ryan Howard will still be standing at home plate, fetuses today will be fifth graders who never heard of "The Spectrum", Jamie Moyer will be attempting yet another comeback at age 58, Barack Obama will have been out of office for at least five years, and dancing Shawny will have two kids, a wife and lower back troubles.

With the $58 million, Carts will have full financial freedom.  He will be able to purchase:

-241,000 cases of Smirnoff Ice

-181,000 back-room lap dances

-2 more shore homes

-80 Porsche Cayennes

-1.4 million cans of Sun-In

-36,000 pairs of True Religion Jeans

-1,000 jet skis

-1.4 million cover charges at La Costa

… and he'll still have money left over to buy a giant red fist, a cowboy hat, and three douchey friends.  

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Ah yes, the American Dream for a boy from Canada.