UVA wants to put programs in place that will allow student-athletes to take advantage of those new benefits. In the first exercise implemented to help student-athletes manage their money, the University's athletics administration worked with Morgan Stanley Global Sports & Entertainment to create a customized financial education program to present to the football team.
On a recent evening during training camp, financial educator Aaron Harding and former Boston Celtics star Antoine Walker led a spirited session at the McCue Center that lasted about 90 minutes and held the attention of the nearly 100 players in attendance.
Antoine Walker believed his financial future was a slam dunk.
Before the age of 20, he had won the NCAA basketball championship and was selected by the Boston Celtics as a top pick in the 1996 NBA Draft. Walker quickly became a basketball superstar. He was named to the All-Star team three times and won the top prize in pro basketball with the Miami Heat in 2006.
Former NBA player, Antoine Walker, 38, earned over $110 million throughout his NBA career, more than four times the average player in the league. All that money, though, didn’t stop this All-Star from going broke.
Former Boston Celtics player Antoine Walker was just 19 years old in 1996, when he was drafted by the NBA. Flashy endorsements and multimillion-dollar contracts followed. He'd "never have to worry about money again in his life," then Celtics coach Rick Pitino said when Walker inked a $71 million deal with the team a few years later.
A personal story: On March 2, 2002, my cousin and I attended a Boston Celtics charity event held at the club/billiard hall The Rack. Fans were able to hang out, play pool and get their photo taken with the players.
Twenty years ago Antoine Walker was an incoming, wide-eyed freshman at the University of Kentucky. Walker was again on a college campus last Thursday, speaking to the University of Alabama football team about the pitfalls of bad financial decisions that cost the 13-year NBA veteran more than $100 million.
For Sessions, a new regular feature, ESPN.com's Scoop Jackson sits down with the big names in sports for an in-depth interview about life beyond just the game. In the new documentary film, "Gone In An Instant," Antoine Walker exposes how he went from NBA All-Star and champion to the new poster child of how to lose $100 million.