Joe Smith revealed he only had $3K after making $61 Million in the NBA in new VLAD interview KossyDerrickBlog KossyDerrickEnt


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Thursday, November 23, 2023

Joe Smith revealed he only had $3K after making $61 Million in the NBA in new VLAD interview

Joe Smith says he only had $3,000 after making $61 Million in the NBA in his latest interview with VLAD TV.

Joe Smith played for 12 teams in 16 seasons in the NBA. Among the teams he played for were the Golden State Warriors, Minnesota Timberwolves, LA Lakers, Milwaukee Bucks, Denver Nuggets, Chicago Bulls and Philadelphia 76ers. He retired following the 2010-11 season after a one-year stint with the Lakers with career earnings of $61 million. After agent fees, taxes and other deductions, he roughly had $18 million in his pocket.In a recent interview with Vlad TV, Smith admitted to having just $3,000 a few years into his retirement. Additionally, he was also heavily in debt with a few people that totaled approximately $157K. His situation was a big reason why he fell into depression, a condition that only worsened his financial status:

In this clip, Joe Smith reacted to a previous VladTV interview with Dwen Curry, where she revealed that Moniece Slaughter got her in trouble with the law. He also discussed the financial struggles many athletes face, such as himself, who was in severe debt and only had $3,000 in his bank account at one point. He also highlighted the disappointment of not receiving support after participating in a reality TV show. Smith nevertheless remained positive about sharing his trials for the benefit of future generations and noted the increased camaraderie between athletes today.

Back in 2018, Smith was in CNBC’s show called “Back in the Game” which featured baseball legend Alex Rodriguez. In the pilot episode, Rodriguez did his part to help the No. 1 pick of the 1995 NBA Draft.The $18 million was more than most people will earn in their lifetimes. Joe Smith was set for life, but he couldn’t control his spending. One of Smith’s biggest mistakes was buying a house in every city he was playing for. Offloading them when it was time to move on badly hurt his finances.

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