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Wednesday, April 29th, 2009 at 10:53 am  |  27 responses

Randy Brown is Bankrupt, Selling Rings

It must be tough times for Brown, who has fallen into the red despite making over $15 million as a player and spending several years as a Kings assistant: “Former Bulls guard Randy Brown declared bankruptcy after being fired as a Sacramento Kings assistant coach. A federal bankruptcy judge in Sacramento has given West Auctions, of Woodland, CA, the job of auctioning Brown’s 1996, 1997 and 1998 NBA championship rings. [...] The bidding will begin May 19 at $19,000.”

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  • http://slamonline.com polowdaJon

    wonder if he ever kept the game ball from the 96 Finals? (Remember when he tried to wrestle it away from MJ?) That would garner him at least $50 bucks.

  • http://www.lkz.ch Darksaber

    Wow, 15 Million. Incredible.

  • http://hibachi20.blogspot.com/ BETCATS

    who??

  • http://www.shawn-kemps-offspring.blogspot.com Eboy

    Damn……$19,000…….they should lower that sh*t to $5,000.

  • http://theghostofroyhobbs.blogspot.com Mo Charlo

    save your money, folks.

  • joe

    Why didn’t he try and call Martin Lawrence, and see if they can work on getting a new sitcom instead?????????????

  • http://www.macleem.com Macleem.com

    That is unfortunate.

  • http://www.another48minutes.blogspot.com Gerard Himself

    damn

  • http://slamonline.com/ Ryne Nelson

    BET, did you watch the Bulls in the mid- to late-90s?

  • http://slamonline.com/ Ryne Nelson

    @polowdaJon Jordan took the ball from him just seconds after he tried to hold onto it. Dude was being ridiculous.

  • http://slamonline.com Russ Bengtson

    MJ should buy them and give them back to him. I hate it when players have to sell off their rings.

  • http://www.youtube.com/watch?v=hwRa2j2s6ao what

    Wasn’t BET born in the mid to late 90s?

  • Jack

    Is there nothing else he could have sold first? A house downgrade? Anything?

  • http://www.slamonline.com Blinguo

    Wrong bankruptcy chapter, yikes. One is restructure, the other default and not pay it back at a huge hit to credit reports and future loan prospects.

  • http://idunkonthem.blogspot.com/ albie1kenobi

    that’s just sad he had to do that, but i suppose sentimental value doesn’t feed your stomach.
    my favorite randy brown moment was when he dunked on elden campbell and corey blount(?) in an OT game. it was in fact Kobe’s first visit to Chicago, and shaq, eddie jones, nick the quick were on the team. MJ played like crap that game, but kukoc caught fire from downtown in 4th quarter and OT to win the game for them.

  • Prison Mike

    I would have sold them right after ring ceremony. They would have been worth more. Randy obviously doesn’t plan ahhead.

  • JoeMaMa

    The NBA needs to have this guy talk at the Rookie Orientation. Perfect example of what you don’t want to have happen to your players. It just looks bad for everyone.

  • http://slamonline.com/ Ryne Nelson

    JoeMaMa, I’m not sure if it’s smart to find all the ex-players who didn’t make great decisions and have them speak to the League’s youth…

  • http://www.alllooksame.com Tarzan Cooper

    russ, thats a great idea. to jordan, thats just pennies.

  • ENDS

    he wont do it. MJ GOAT as a player Worst teamate of all time everywhere else

  • http://www.broy7.com nate the great

    yeah, MJ should, but wont, i highly doubt he cares.
    i also wanna kno, why MJ isnt on any video games?
    besides like street.
    anyone knos?

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

    I think its a contractual thing… I mean, if MJ and Charles Barkley were on NBALive I would probably need to file for backrupcy also – I’d never leave home, I’d be washing myself with a rag on a stick….
    -
    Randy Brown I thought you were better than this….
    _
    I can’t handle how multimillionaires go bankrupt like this….
    Where does it all go… Mike Tyson?! Elton John?! Guys that have more money than you know how to SPEND, losing it…

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

    I dont mean to question a man – he really has every right to do what he likes… this just doesn’t set any worthwhile example, coming from a fairly decent guy through the league. He capitalised on his opportunities and one day may have nothing to show for what would ultimately have to be some of the greatest memories in the world!!! Why doesn’t he write a book or something…?

  • Logan

    this is really unfortunate….and magnifies the problem a lot of pro athletes face if they do not invest wisely. I used to enjoy watching him play but his most ridiculous moment was trying to get the ball from MJ….i also remember reading that Randy and a couple other Bulls were crying after winning the championship when MJ told him ‘why are you crying, I am the one who did everything’ or something on those lines…it is really sad that he has to sell those rings…

  • Plasticman

    MJ and Barkley not being in video games is probably because of their involvement in the amazingly bad early (mid?) 90′s classics “Michael Jordan: Chaos in the Windy City” and :Charles Barkley’s Shut-up and Jam”

  • NAS

    I hope MJ or PIP who have made hundreds of millions buy the rings in the auction and give it back to Randy Brown – for those who are too young to remember he was a pretty decent back up on the 2nd 3peat

  • http://www.myspace.com/linkstigatorkevin Kevin Wilson

    Nate: Jordan had his own licensing agreement with the NBA, so I believe they have to negotiate with him individually.

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