Last March, J. J. Redick, a guard for the Los Angeles Clippers, confessed some of the worst financial mistakes he had made as a professional athlete. Shortly after being drafted by the Magic, in 2006, for instance, Redick purchased a house in Orlando, which he eventually sold at a loss of hundreds of thousands of dollars. Later, he splurged on a Porsche, which caused him back problems, before selling it two months later. And, at a charity auction, he bought a custom yellow golf cart with chrome rims, which didn’t have space to hold golf clubs. (He got rid of that, too.) “I think youth may have something to do with these bad decisions,” he said. “God, I was stupid.”
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Published on January 24, 2017 10:10