Net Worth Ranker
What Is Antoine Walker’s Net Worth?
Antoine Walker, a retired American professional basketball player, has a net worth of approximately $250,000. While his career earnings exceeded $108 million in NBA salaries alone, spanning from 1996 to 2009, Walker faced significant financial difficulties later in life, including a bankruptcy filing in 2010.
Antoine Walker’s NBA Career and Earnings
Walker’s journey to the NBA began after a successful high school career in Chicago and a stint at the University of Kentucky, where he earned a full scholarship and helped the Wildcats secure the NCAA Division I Championship. Declaring for the 1996 NBA Draft after his sophomore season, he was selected sixth overall by the Boston Celtics.
During his rookie year with the Celtics, Walker made the All-Rookie First Team, marking the beginning of a promising NBA career. He formed a formidable offensive partnership with Paul Pierce in 1998, contributing significantly to the Celtics’ performance over the next few years. After earning his third All-Star selection, Walker was traded to the Dallas Mavericks before the 2003-2004 season.
His time with the Mavericks was brief, as he saw limited playing time due to the team’s existing offensive talent. He was subsequently traded to the Atlanta Hawks and then back to the Celtics for a short period in 2005. Later that year, Walker was involved in a major trade to the Miami Heat, a transaction involving 13 players. During the playoffs, he became the team’s third-leading scorer. Walker contributed key shots in crucial playoff games, ultimately helping the Heat win the NBA Championship against Dallas in 2006.
Following his stint with the Heat, Walker played for the Minnesota Timberwolves and briefly with the Memphis Grizzlies, before being waived after two preseason games. In 2010, he signed with the Guaynabo Mets in the Puerto Rican league and later joined the Idaho Stampede of the NBA D-League in an attempt to return to the NBA. Walker announced his retirement from basketball in 2012.
While specific year-by-year salary details are not explicitly available, his total NBA earnings surpassed $108 million. This substantial income was accumulated through contracts with various teams, reflecting his value as a player during his active years.
Financial Challenges and Recovery
Despite his high earnings, Antoine Walker encountered significant financial difficulties. In 2010, he filed for Chapter 7 bankruptcy in the Southern District of Florida, listing total assets of $4.3 million and debts amounting to $12.7 million. The filing included four real estate properties, one being a $2.3 million Miami home burdened by a $3.6 million mortgage. Three additional properties in Chicago were also listed, with one placed on the market for $1.4 million.
Walker faced legal issues related to gambling debts. In 2010, he pleaded not guilty to felony bad check charges stemming from $770,000 in gambling losses at Caesars Palace and other Las Vegas casinos. He later pleaded guilty to one felony count of passing a bad check but avoided a prison term, instead being placed on probation with the requirement to repay the debt.
Walker attributed his financial downfall to various factors, including frivolous purchases such as $400,000 cars like a Maybach and expensive jewelry. He also cited failed business ventures and mismanagement of his real estate investments, particularly during the 2007-2008 real estate crash. As a personal guarantor for numerous properties, he was heavily affected by the recession.
In August 2013, Antoine Walker announced that he was debt-free, marking a significant turnaround after his financial struggles. The sale of his championship ring and other assets contributed to this recovery. Specific details regarding the exact sale price of the ring are unavailable.
Post-NBA Career and Analyst Roles
After retiring from professional basketball in 2012, Walker transitioned into sports analysis. He worked as an analyst for 120 Sports and was later hired by SEC Network. Specific details regarding his salary or contract terms with these networks are not publicly available.
Relationships
Antoine Walker’s most notable relationship was with Evelyn Lozada, a reality TV star known for her work on the show “Basketball Wives.” Details regarding any financial arrangements or settlements between Walker and Lozada are not publicly disclosed.
Legal Issues
In 2009, Antoine Walker was arrested for a DUI in Miami Beach. This incident further compounded his legal and financial challenges. Information regarding fines, penalties, or legal fees associated with the DUI is not specified in the available documentation.
