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View Full Version : Heat Buys Tim Hardaway's House To Help His Tax Trouble



JordansBulls
01-27-2011, 06:19 PM
http://fwix.com/miami/share/8500a5195c/miami_heat_bought_tim_hardaways_home_to_keep_him_o ut_of_tax_trouble



Former Miami Heat star Tim Hardaway made close to $50 million during his NBA career, but apparently that wasn't enough to keep him out of tax troubles. After a lien was placed on his house by the IRS for a $120,000 tax debt, the Miami Heat bought the mansion, according to the Detroit News. Meanwhile, Hardaway is still living in it.

Miami Heat Limited Partnership bought the house on September 3rd, about three months after the lien was ordered. The team paid $1.985 million for the house, and is trying to sell it now for $2.5 million.

The property features five bedrooms, five and a half baths, a pool, and a basketball court appropriately emblazoned with the Heat's logo. Apparently Hardaway is still living in the property, and refuses to say why the team bought it.

"I can't say," Hardaway told the Detroit News. "I just don't want to say."

SteBO
01-27-2011, 06:22 PM
That's what I call supporting your own.

godolphins
01-27-2011, 06:25 PM
:clap:
The Heat is a first class organization

Kashmir13579
01-27-2011, 06:26 PM
lmao. i love when athletes who were paid in millions go broke.

Chacarron
01-27-2011, 06:29 PM
^ +1

NYYCowboys
01-27-2011, 06:34 PM
How dumb do you hafta be to blow 50 million dollars?

albertc86
01-27-2011, 06:36 PM
That's love right there but they're getting their money back when they sell it.

beasted86
01-27-2011, 06:38 PM
That's love right there but they're getting their money back when they sell it.

Yup, they flipped his property for a profit, which I'm sure they are keeping.

Sox_13
01-27-2011, 06:41 PM
How dumb do you hafta be to blow 50 million dollars?

http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Gilbert-Arenas-spends-a-lot-of-money-to-maintain?urn=nba-313303

Rego247
01-27-2011, 06:49 PM
wow tim, how are u gonna blow 50 mill

What?
01-27-2011, 06:49 PM
nice thing for the Heat to do but I think its so funny when NBA players go broke

Niro
01-27-2011, 06:49 PM
lmao. i love when athletes who were paid in millions go broke.

this

Jonathan2323
01-27-2011, 06:51 PM
Yup, they flipped his property for a profit, which I'm sure they are keeping.

Not in Miami the way the market is down here.

abe_froman
01-27-2011, 06:51 PM
thats very awesome thing to do for him :clap:

h2r09
01-27-2011, 06:59 PM
loy-al-ty.

also. tim hardaway is kinda rally stupid for multiple things he has done in the past like 3 years.

Crackadalic
01-27-2011, 07:07 PM
Thats why players need to learn into investing their money so it can grow years later

dwadefan03
01-27-2011, 07:07 PM
tim hardaway is an idiot. he was a good player but seriously, 50 million dollars. Does anyone remember the whole gay teammate fiasco with him? i wasnt that old but i remember alot of ppl talking about it.

D Roses Bulls
01-27-2011, 07:29 PM
tim hardaway is an idiot. he was a good player but seriously, 50 million dollars. Does anyone remember the whole gay teammate fiasco with him? i wasnt that old but i remember alot of ppl talking about it.

yeah, that was about 6 years ago. he was referring to john amichi or however you spll his last name.

blahblahyoutoo
01-27-2011, 07:29 PM
wow tim, how are u gonna blow 50 mill

he gots kizz to feed n' *****.
just axe spreewell.

D Roses Bulls
01-27-2011, 07:31 PM
he gots kizz to feed n' *****.
just axe spreewell.

yeah he lives in miami so you know he had to buy them yachts too.

KingPosey
01-27-2011, 08:01 PM
wow, way to go Heat. Thats honestly good stuff. Most teams wouldnt give a ****. Its "what have u done for me lately"

Rego247
01-27-2011, 08:18 PM
he gots kizz to feed n' *****.
just axe spreewell.

ye man u know how many air jordans six black kids need? 50 mill dont cover it trust me. no wonder hes broke :D

John Walls Era
01-27-2011, 08:48 PM
:clap:

Geargo Wallace
01-27-2011, 09:05 PM
If I were a broke former NBAer I'd just go into male stripping.

Draco
01-27-2011, 09:27 PM
yeah.. heat bail out a former employee who can't manage his millions and pay his taxes like most everyone else in the country. how classy. :rolleyes:

Fresno
01-27-2011, 09:29 PM
Thats why players need to learn into investing their money so it can grow years later

95% of people lose on their investments, so its not surprising one bit.

I've heard of plenty of athletes who spent their money on franchising, only for the business to fail and them be stuck with lawsuits.

The truly lucky/smart people are the ones who've made a fortune off of their gamble. Like Magic Johnson.


tim hardaway is an idiot. he was a good player but seriously, 50 million dollars. Does anyone remember the whole gay teammate fiasco with him? i wasnt that old but i remember alot of ppl talking about it.

He was right.

I for one have no problem admitting that I would be worried of showering/changing clothes with an openly gay teammate who would be admiring my package.

Geargo Wallace
01-27-2011, 09:34 PM
95% of people lose on their investments, so its not surprising one bit.

I've heard of plenty of athletes who spent their money on franchising, only for the business to fail and them be stuck with lawsuits.

The truly lucky/smart people are the ones who've made a fortune off of their gamble. Like Magic Johnson.



He was right.

I for one have no problem admitting that I would be worried of showering/changing clothes with an openly gay teammate who would be admiring my package.

I think most ppl feel the same way... I do, but he openly talked about how much he hates gay ppl and how they shouldn't be allowed in America. He should have just hushed.

Fresno
01-27-2011, 09:37 PM
I think most ppl feel the same way... I do, but he openly talked about how much he hates gay ppl and how they shouldn't be allowed in America. He should have just hushed.

I agree. He shouldn't have said it, but I've heard much worse stuff from anti-gay people who base their hatred due to religion.

Ovratd1up
01-27-2011, 09:43 PM
America.
Home of the insecure


and unsecured homes.

Bausman
01-27-2011, 09:52 PM
If I were a broke former NBAer I'd just go into male stripping.

Ya, I heard thats what Oliver Miller and Shawn Bradley are doing now. Miller was like... 'gotta do what you gotta do to eat man.'

SANDBURG23
01-27-2011, 09:58 PM
Maybe in the new CBA they can help some players be making 10% of the money in all contracts not payable 'til 5 years after retirement. Of course in a intreset bearing account. Some teams did this for some players anyway. The Bulls paid Dennis Rodman for 5 years after they hje left the team. When he got to the Bulls he was worth negative money. Bulls gave him intrest free loan to get even. Then spread the 2 contracts payments he sign'd with the Bulls over 10 years.

His not the only example, Bulls did something similar for Ron Artest too. the Bulls got a refrence call from Circuit City or something like that on Artest. He spent all his money before his rookie season was over and was looking for summer work. Not as a spokesman but as a clerk or salesman, to funny, he was only 20 so give him a break. Sure other teams have done it for players.

camador22
01-27-2011, 10:17 PM
The Miami Heat are such a loyal franchise. The Bulls should take notes before they miss out on another top talent.

Draco
01-27-2011, 10:22 PM
The Miami Heat are such a loyal franchise. The Bulls should take notes before they miss out on another top talent.

Forget that if it means rooting for a tampering douche bag. Tampering is Riley's thing, it's not the Bulls.

justinnum1
01-27-2011, 10:22 PM
Thats called taking care of your players. Thats what wade was talking about

Geargo Wallace
01-27-2011, 10:42 PM
Ya, I heard thats what Oliver Miller and Shawn Bradley are doing now. Miller was like... 'gotta do what you gotta do to eat man.'

lol and he has quite the appetite.

Rego247
01-27-2011, 10:58 PM
The Miami Heat are such a loyal franchise. The Bulls should take notes before they miss out on another top talent.

didnt the bulls offer to pay eddy curry 200K pension if he had tested positive for a heart condition? i remember reading something like this a while back.

that seems pretty classy to me.

mrblisterdundee
01-28-2011, 12:19 AM
I guess Tim Hardaway is a bad money manager and a homophobic douche bag.

Rndy
01-28-2011, 12:24 AM
The Miami Heat are such a loyal franchise. The Bulls should take notes before they miss out on another top talent.

What a stupid *** comment. Maybe you should actually research things before talking out of your ***. Pippen and J Williams say Hi.

justinnum1
01-28-2011, 12:28 AM
What a stupid *** comment. Maybe you should actually research things before talking out of your ***. Pippen and J Williams say Hi.
:facepalm:

Rndy
01-28-2011, 12:29 AM
:facepalm:

:rolleyes: way to add something but I expect nothing less from a poor poster like yourself.

Mary*420*Jane
01-28-2011, 12:38 AM
Very nice thing Miami had did

Cubsfan365
01-28-2011, 12:42 AM
What the **** don't Heat fans understand about the fact that the Bulls gave Scottie Pippen a job when we was broke and had nowhere else to go. How the hell is that any different than this situation??? It's not.

Cubsfan365
01-28-2011, 12:44 AM
:facepalm:
What exactly are you facepalming? Bulls have done the same exact stuff for their players that the Heat have. You should be giving the facepalm to the Heat fan who obviously is misinformed like many of your fans.

knicks_champ
01-28-2011, 12:44 AM
I know about 1,000,000 people who could of used a portion of that money. Good job of bailing a millionaire out of debt. :up:

Cubsfan365
01-28-2011, 12:47 AM
didnt the bulls offer to pay eddy curry 200K pension if he had tested positive for a heart condition? i remember reading something like this a while back.

that seems pretty classy to me.
Yep, I forgot about this too. In addition to all the other stuff that people just choose to overlook I guess.

D Roses Bulls
01-28-2011, 01:25 AM
didnt the bulls offer to pay eddy curry 200K pension if he had tested positive for a heart condition? i remember reading something like this a while back.

that seems pretty classy to me.

actually they offered to pay him like 200k-500k a year for like 20 years if he tested positive and decided to retire. that's class. never heard of another team doing that.

Rego247
01-28-2011, 01:59 AM
actually they offered to pay him like 200k-500k a year for like 20 years if he tested positive and decided to retire. that's class. never heard of another team doing that.

yup. thats good to hear, much better than buying and then flipping a house :eyebrow: :D. jks.

Kyben36
01-28-2011, 02:30 AM
That's what I call supporting your own.

I understand that, but there is a diference between that and this IMO, these guys make so much money, and cant store some away for retirement, I think any NBA NFL or any sports player who makes the type of money they do and gets into finacial trouble has problems.