Monday, February 2nd, 2009 at 9:00 am  |  24 responses

No Knick Bailout for Eddy Curry

by Marcel Mutoni

Incredibly enough, this Eddy Curry story continues to become more and more depressing with each passing day. Not only has he had an unfathomably bad year up to this point, but according to a recent report, he had major financial problems dating back to last year.

Unfortunatley, Curry isn’t a major corporation, and the U.S. government wasn’t willing to step in and bail him out. And neither were the Knicks. From the NY Daily News:

Eddy Curry asked the Knicks for an advance of approximately $8 million last year to offset his increasing financial debt.

The Knicks rejected Curry’s bailout package, according to a person close to the troubled center, because the organization considered the amount excessive. The same source says that the Knicks did advance Curry approximately $2 million, which is commonplace in the NBA as long as the player is guaranteed to make double that amount on his existing contract.

The 26-year old Curry is on an indefinite leave of absence from his employer, and it doesn’t appear as though he’ll play again this season.

He’s obviously got a lot of things to figure out before he can worry about playing basketball again.

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  • Ken

    No medical exception for Cat Mobley either.

  • niQ

    this does not seem like life of a nba player..

  • http://www2.gsb.columbia.edu/faculty/jstiglitz/ Panagiotis Vasilopoulos

    is this “Baby Shaq”……?

  • jay

    this is one dude who çan’t handle having money. Stop buying houses, 3000 dollar suits, return the 6 bentleys and stop eating out & paying for all your friends, their kids, neighbours and they momma.

    Eddy is the example why the US economy is in the sh*t the way it is, spending money you don’t already own which is a real f-ing accomplishment if you make 20 mil a year.

    “I had to get this off my chest, no pause no of that sh*t”….

  • http://www.slamonline.com Matt Caputo

    Fall from grace huh?

  • neaorin

    He’s going to get bought out at some point in 2009. Just wait. Nobody wants him and his bloated contract and the Knicks aren’t going to risk their 2010 shopping spree turning into a fiasco because Curry and his 11 million are still on the payroll.

  • Cizzo

    Im not nowhere near NBA status but Im not broke my only concern is how?????????

  • http://Slam LL

    Y isn’t he going hard? I would on my grind to get back, everyday is an audition for another team, I guess he dont see the big picture.

  • donlaker

    good luck with your other problems , hope you make it back to the nba , but basketball is not in your future, save what money you have left and lose some negative people who are after your pockets (drivers/baby mama drama/home invasion homies)

  • jay

    so he’s not a major corporation but he is the size of a maj…

  • sam

    hows he gonna afford that gastric by-pass now?

  • http://hibachi20.blogspot.com BETCATS

    Capuuuuuuuuuuuuuuuuuuuuto with the truth.

  • AnDy21

    sam u suk.. thats not tru…im gonna report u to tom!!!!

  • http://www.bbl.org.uk Josh D

    I really feel sorry for him at the momment

  • sam

    noooo dont report me to tom pleaaaaase!!!!!!
    nah he wudnt get a gastric by-pass anyway he’d just spend it on food………….and a new team.

  • witness

    eddy curry could be a steal right now. he might change the culture in la.

  • underdog

    Wow, he must spending his money crazy.

  • that dude

    @caputo, Fall from what?

  • Cp34mVP

    My boy, Eddy Curry.. Was like a prodigy, him && Tyson Chandler in Chi but then stuff started hannenin and this is what happens. He is why the economy is in the way it is!

  • http://www.triplejunearthed.com/dacre Dacre

    Dagnabit… I guess it goes to show you that even multi-millionaires can live beyond their means.

  • jose

    that would be strange if he got a buyout before starbury. but i really do hope he gets back on his feet.even if not in the nba just live a normal life at least .ur average joe(who’s about 7ft tall.)

  • front office daddy

    an nba player gone broke is like thrist to death in the ocean

  • dodie

    what with this baby being his, the added child support, and now the major financial problems-a cynical person might think curry had a motive.

  • chintao

    @ jay Posted: Feb.2 at 9:25 am ==> If only Eddy were buying $3000 suits. Dude dropped 46 stacks at CASUAL MALE! As far as I know, that place doesn’t even sell $300 suits.