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Antoine Walker opens up about going broke

Antoine Walker & Evelyn Lozada Settle Fraud Lawsuit

XN Sports

How does one even begin to propose the sale of "rebranding" themselves when they've somehow already managed to blow through a king's ransom before so much as embarking on life's golden years?

Even as he continues to struggle for clarity for himself, Antoine Walker vows to take on the task of answering as many of those ever-perplexing questions as he can in his new documentary "Gone in an Instant."

In a largely first-person account, the former NBA star tackles the riddle of just how he came to squander an empire modestly pegged in the neighborhood of at least $150 million one day to ultimately come face-to-face with a no-nonsense criminal court judge demanding answers about six felony counts he faced over allegedly writing at least $750,000 in bad checks to cover spiraling gambling debts.

"I think most athletes, we all kind of walk through the same walks of life and I think that they can relate to my story a little bit more," Walker said of his motivation for producing the film. "They are dealing with that type of denomination of money."

And likewise many of them appear to be dealing with many of the same demons and curses, chief among them the maddening sense of invincibility and entitlement they feel that simply seems to come with the territory. It's an opponent few other foes can match up to, one that can cut short careers as rapidly as it depletes bank accounts.

Allen Iverson and Mike Tyson had the itch. So did Evander Holyfield, Latrell Sprewell and Vin Baker. It's all enough to now have Walker convinced the same indomitable spirit most athletes take to the field with them is the same sense of imperviousness far too many of them carry over into their day-to-day existences.

At the height of his madness, Walker readily admits to partying for at least 30 days straight days, easily spending upwards of $300,000 for his own suits and outfitting at least another 50 members of his long since departed entourage with the latest fashions from Gucci stores across the country, all while they traveled to-and-from in a fleet of Bentley and Mercedes and others of them idly sat parked in his cluttered driveway.

"It really bothered me and I felt like I was getting short-changed as far as in the world," Walker said of the legendary tales now being told about his propensity for overindulgence. But can there really be ay defense for the indefensible?

Walker also heavily invested and subsequently lost in the world of real estate, once buying his mom a $4 million home that was later foreclosed on and several of them for himself of at least equal value and lavishness.

"I wasn't passionate about it when I was playing," Walker said of protecting the fortune he amassed and lost. "It just looked good to me on paper. I was like, 'OK, we're about to make this money.' And when the recession hit, the lawyers were like, 'The banks want all of their money.' They don't want empty lots. The banks are not into real estate, they are into money. Dollars and cents. They don't want more property, they are like, 'We not about to build a condo on this land.' And that's a message I have to get across to these young players."

Indeed, whatever you may say or think about Walker, you have to applaud his stance that no one else should have to go through something so crippling- if, for no other reason, it can all be easily be avoidable.

"I lost a lot of trust in a lot of people," Walker now says of his life lessons. "You know, when you are friends with so many people, whether it's professional athletes or other friends, I wasn't so much worried about a phone call, like 'Hey, I need some money,' I was more worried about, I didn't get the 'Hey, 'Toine, you alright?' Because when I was playing, the phone was ringing. I had three cellphones. All of them ringing. When you are a giver, you're a giver. Sometimes in life you have to learn that everybody doesn't care like you."

And if Antoine Walker can actually hammer home that message to all to the other young Antoine Walker's of the world, his loss and redemption could well be worth more than any amount of money he may have lost.


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tsr5112 August 04 2014 at 4:15 PM

And THAT is what you get with a 4th grade education.

Flag Reply +25 rate up
3 replies
etherweem August 04 2014 at 4:58 PM

I believe it was Chris Carter, when addressing this issue with incoming NFL rookies, who said, "you can live like a king for a year or two or you can live like a prince for the rest of your life". Sage advice if taken to heart. Highly unlikely to reach the very ones for which it was attended, however.

Flag Reply +20 rate up
1 reply
Franco etherweem August 05 2014 at 6:55 AM

Good advice for the "un-advisable."

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1 reply
fUK U Franco August 05 2014 at 8:33 AM

You TRED HEAVILY but.. you speak the truth

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debnaert August 04 2014 at 6:56 PM

Here we go.... The old BLAME game. That's all I read. This guy and that person and that company... Let's face it Buddy ... YOU and all like you are NOT very bright..........period!

Flag Reply +17 rate up
1 reply
slackwarerobert debnaert August 05 2014 at 1:49 PM

And they blame the owner of that basketball team for telling the truth. He should have listened to the league and refused to pay them so we could all watch them loose their homes as he said they would. paying players would make you involved with the team.

Flag Reply 0 rate up
prnyl August 04 2014 at 3:27 PM

He will get on the free gravy train that is rampant in our society- you cannot fix stupid and Antoine fits that bill to a tee!

Flag Reply +16 rate up
ram4131 August 04 2014 at 7:38 PM

Where are your party buddies now, numbnuts?

Flag Reply +14 rate up
RICH August 04 2014 at 3:37 PM

Sounds like he had quite the financial plan there. What could possibly go wrong?

Flag Reply +12 rate up
tmlbtb August 04 2014 at 3:42 PM

Maybe home economics should be one of their required courses in college?

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2 replies
straitcl tmlbtb August 04 2014 at 4:22 PM

I would say a coarse in common sense would also help

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1 reply
mag69 straitcl August 04 2014 at 4:25 PM

you spelled course wrong, lol

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philoso2 tmlbtb August 05 2014 at 8:03 AM

home economics are cooking classes.

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1 reply
slackwarerobert philoso2 August 05 2014 at 1:51 PM

Then he would have been able to afford to eat, cooking food is much cheaper than going out and paying for everyone else's dinner.

chicago, explains everything. obama can't count either.

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jacks_sam August 04 2014 at 4:22 PM

I think all professional sports organizations must require owners to provide a few classes on finance when a player signs. They should also require each player retain a professional financial advisor. Too many players don't have the knowledge of how to handle that much cash.

Flag Reply +10 rate up
11 replies
shadyobama August 04 2014 at 10:59 PM


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1 reply
goggleplex shadyobama August 05 2014 at 9:31 AM

Pointless and clueless are you !

Flag Reply +1 rate up
Torpecker August 04 2014 at 4:25 PM

Antoine is just another example of what happens when a person suddenly finds himself with a HUGE amount of money from a sports or music career, an inheritance, lottery, or whatever.
Almost always, they manage to blow ALL that money within a very short period of time. Money does NOT come with any instructions for how to conserve, it or invest it; and all the "FRIENDS and BUDDIES" you suddenly have will gladly help you spend every cent you have - just BEFORE they disappear! It will take a "Book Deal" an apperance on Oprah and/or Dr. Phil, and then the usual tell-all movie to get Antoine in good financial shape again . . .

Flag Reply +7 rate up
1 reply
jmccomb38 Torpecker August 04 2014 at 6:43 PM

look out for the LAWYERS

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