When The Checks Stop Coming In

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Categories: News, Sports, When The Checks Stop Coming In

Eddy Curry New York Knicks

Damn, life hasn’t been too sweet lately for Eddy Curry of the NY Knicks. First the gay lovin rumors and the crazy custody battle for his son, now dude can’t pay his bills:

Knicks center Eddy Curry defaulted on a $570,000 personal loan while keeping up a lifestyle that included a $17,000-a-month suburban New York home, a $6,000-a-month personal chef, and a dozen cars he’d bought for himself and relatives, a judge said. Friday, a Manhattan court ordered Curry to pay $75,000 a month to lender Allstar Capital Inc. to resolve a debt that swelled to $1.2 million with interest. The court also has issued an order letting Las Vegas-based Allstar seize three of the cars: a Rolls Royce Phantom convertible and two Land Rover SUVs, all 2009 models. Curry earned $10.5 million this season and is scheduled to make $11.3 million next season in the final year of his contract.

But the former No. 4 pick in the NBA Draft has been dogged by financial and legal problems in recent years. He took out the $570,000 personal loan in February 2008, promising to pay it back in five months at a nearly 85 percent annual interest rate — legal in Nevada, according to Allstar lawyer Donald N. David. Curry argued he couldn’t pay off the debt at $75,000 a month because of his existing bills, which include $30,000 a month in household expenses at his family’s White Plains home, nearly $17,000 a month in payments to various other relatives, and more than $1,000 a month in cable and satellite TV service, according to the court order. It said his wages already are garnished for more than $207,000; the order didn’t explain why, and lawyers wouldn’t elaborate.

Curry also suggested the vagaries of his basketball career should keep him from paying, noting his ending contract. State Supreme Court Justice Jane S. Solomon pronounced those concerns “irrelevant.”

Poor thang. These athletes need to get their financial priorities straight!!!

Source

Read more: http://www.nypost.com/p/sports/knicks/knicks_curry_ordered_to_settle_in_ShKrQXG7IkVbVqf4TZygrN#ixzz0ox2HEgaa

Read more: http://www.nypost.com/p/sports/knicks/knicks_curry_ordered_to_settle_in_ShKrQXG7IkVbVqf4TZygrN#ixzz0ox27dJCB

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