Dennis Rodman ‘Sick and Broke’

by InvestorPlace Staff | March 28, 2012 11:40 am

Dennis Rodman has been a number of things throughout his life: championship player, head case, reality TV star … and sadly, now, a continuing sob story.

A Fox Sports report[1] says Rodman has filed paperwork saying he can’t make spouse and child support payments “because he is ‘extremely sick’ and ‘broke.’” He owes more than $800,000 in back child support for two children, as well as $50,000 in spousal support, according to the report. But according to papers filed with the court, he can barely stay afloat himself.

While he didn’t make nearly the money over his career that recently bankrupt basketballer Allen Iverson did[2] ($154 million), Rodman still earned about $27 million in NBA salary alone, not to mention his money from sponsorships and other ventures.

Rodman’s personal problems are in sad, stark contrast to his phenomenal career. He won five NBA championships between stints with the Detroit Pistons and Chicago Bulls, earned numerous rebounding titles, had his #10 jersey retired by the Pistons and became a Naismith basketball hall-of-famer last year.

Amid all that, and afterward, Rodman was a tragic train wreck. He relished his “bad boy” role on the court, hurting his teams with countless technical fouls and disrupting the locker room. His career ended after fizzling out in stints with the Los Angeles Lakers and Dallas Mavericks, and thereafter he took on numerous roles in celebrity reality shows, professional wrestling and B-movies.

Rodman now becomes the latest chapter in an all-too-familiar NBA story: former athletes in the poorhouse. In 2008, the NBA Players’ Association said 60% of pro players go broke within five years of retiring. This figure includes several notable names like Scottie Pippen, Latrell Sprewell and Antoine Walker.

Fox Sports’ report on Dennis Rodman can be viewed here.[3]

– Kyle Woodley, InvestorPlace Assistant Editor

Endnotes:
  1. report: http://msn.foxsports.com/nba/story/dennis-rodman-broke-extremely-sick-032712
  2. Allen Iverson did: http://investorplace.com/2012/02/allen-iverson-celebrity-bankruptcy/
  3. Fox Sports’ report on Dennis Rodman can be viewed here.: http://msn.foxsports.com/nba/story/dennis-rodman-broke-extremely-sick-032712

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