Blog Entry

Walker gets 5 years probation for Vegas debt

Posted on: December 6, 2011 3:13 pm
Edited on: December 6, 2011 3:17 pm
Posted by Ben Golliverantoine-walker

Employee No. 8 won't become Inmate No. 8, at least not yet.

The Associated Press reports that former NBA All-Star Antoine Walker was sentenced to a 5-year probation term and was ordered to pay more than $700,000 in restitution to multiple Las Vegas casinos as part of a case that he plead guilty to back in June.
Former NBA All-Star Antoine Walker was sentenced to five years’ probation and ordered to pay $770,050 in restitution to three Las Vegas casinos after pleading guilty to failing to repay gambling debts.

Prosecutor Samuel Bateman says the felony charge could be dismissed if Walker fully repays the debts incurred in 2008 and 2009 at the Planet Hollywood, Red Rock Casino Resort and Caesars Palace casinos.

He faces a year in prison if he violates probation. 
The Las Vegas Sun reports that Walker had nothing to say about the matter on Tuesday.

Walker, wearing jeans and a gray sweatshirt, was in Clark County District Court on Tuesday morning but did not speak at his sentencing. He declined to comment after the hearing.

Walker, 35, was recently waived by the D-League's Idaho Stampede, although he is reportedly set to rejoin the team at some point later this season. The average salary in the D-League is $35,000, meaning that his Vegas debt bill would take 22 years worth of salary in the American minor league to cover (disregarding taxes).  

He last played in the NBA during the 2007-2008 season. A three-time All-Star and a member of the 2006 NBA champion Miami Heat, Walker retired with career averages of 17.5 points and 7.7 rebounds per game. His 12-year NBA career included stops with the Boston Celtics, Dallas Mavericks, Atlanta Hawks, Miami Heat and Minnesota Timberwolves.

Since: Jul 2, 2009
Posted on: December 7, 2011 12:59 pm

Walker gets 5 years probation for Vegas debt

Mr A. Walker is not a mope, he is not a druggy and he did realize his dreams by playing in the NBA, his problem is not having any financial acuity, he allowed a money manager to rob him blind, and make phony and bad investments before disappearing with what was left of his money.  Many pro atheletes have been made to look like fools by friends, groupies, fake money managers, investment schemes and the list goes on and on.  The casinos should have known better, and eventually Mr Walker will file for protection under the bankruptcy laws and just fade away into retirement.

Pro sports should hire him some years later to speak to the new millionaires, on what happened to him and how to avoid some of this mess, I hope Joe Smith is paying attention or he will be the next to fall victim to this virus that afflicts individuals who have never had that much money before and suddenly are rich beyond their wildest dream and have no idea of what to do with all of that money.   

Since: May 3, 2011
Posted on: December 7, 2011 11:24 am

Walker gets 5 years probation for Vegas debt

I liked him as a player and agree that the casinos are partially at fault for extending credit to an individual. That being said how can someone who earned $110 million dollars over their career in NBA salary alone be broke. This is criminally STUPID. I have no sympathy for this mope. How can you be so dumb as to not have any concept of how much money you spend. Sure money managers can rip you off but please. It is his fault for not taking a more active roll in his own money matters.

Since: Apr 14, 2011
Posted on: December 6, 2011 7:59 pm

Walker gets 5 years probation for Vegas debt

Are there any recent photos of Antoine Walker?  Anyway, how the heck is he going to pay this debt? He couldn't hold a job in the N.B.A. so how can he hold a job anywhere else?  The guy has a gambling addiction and he needs help.  Is there an equivalent of Antabuse for gambling addicts?  These guys who possess unconscionable heavy debt should wear a chip that sets off sirens when they enter a casino or a lottery ticket vendor.  The next step down the spiral is dealing drugs to raise cash.

Since: Aug 21, 2006
Posted on: December 6, 2011 7:35 pm

Walker gets 5 years probation for Vegas debt

Quite obscene that these casinos can extend $250,000 credit to somebody who probably has a gambling addiction.

Since: Jul 21, 2007
Posted on: December 6, 2011 5:04 pm

Walker gets 5 years probation for Vegas debt

Y'know CBS, for a change of pace, I'd like to read an article about a former NBA player who used his college degree, and the contacts he'd made around the country, and settled into a normal successful life. How about just once???

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