Scottie Pippen Memorabilia Sold Off at Yard Sale

When retired NBA star Scottie Pippen moved out of his 13,000-square-foot home in Highland Park, Ill., which features a full basketball court and gym, he squandered an outstanding opportunity to recoup some of his losses. The buyers purchased the furnished home for $1.7 million in 1996. Not only did Pippen leave behind his furniture, but he left behind a trove of collectibles and sports memorabilia.

While Scottie Pippen may be one of the 50 greatest players in NBA history, don't seek him out for financial advice. Since retirement, the former Chicago Bulls small forward has lost $120 million of career earnings due to poor financial planning and bad business deals. He lost $27 million on bad business investments.