MJ MAKING MAJOR MOVES

The greatest player in basketball history and maybe greatest athlete of all time is making more history! After plunking down $275 MILLION [$25 million of his own money] in a deal approved last week he is now a majority owner of the Charlotte Bobcats, not that minority stuff he was doing with the Washington Wizards. Check out this clip of an interesting conversation with ESPN’s Stuart Scott where he talks about not being overly critical of his players and what changes he will make as owner of the club. also I got one question, you think he can get free tickets?

-AL

ATHLETES THAT MADE VERY BAD DECISIONS

Almost 80 percent of National Football League players are flirting with bankruptcy two years after they retire, according to Sports Illustrated. NBA players aren’t faring much better. 60 percent of former National Basketball Association players end up broke within five years of retirement. Athletes squander millions of dollars due to bad decisions, lavish spending and poor financial planning. Here is a list of athletes that have lost their fortunes through some of the biggest financial blunders of all time. And I think they are all idiots.

Scottie Pippen

Known more for his on court defense than his off court business sense, former Chicago Bulls star Scottie Pippen lost $120 million in career earnings due to poor financial planning and bad business ideas. Air Jordan’s sidekick blew $27 million on bad investments and spent $4.3 million on a Gulfstream II corporate jet.

The rest of them after the jump.