- Jason Caffey won two NBA championships alongside Michael Jordan on the Chicago Bulls
- For his career, Caffey earned $34 million
- Caffey went broke after his playing days were done, thanks to paying child support to eight different women
Jason Caffey is a role player who got extremely lucky to play on the Michael Jordan-led Chicago Bulls of the late 1990s. This led to the power forward winning two NBA titles and playing eight years in the NBA.
Caffey earned $34,068,568 from his NBA contracts, and his last year playing was in 2003.
Former #NBA player Jason Caffey made $34,068,568 on the court during his 10 year #NBA career. He is #broke.
— Robert Raiola, CPA (@SportsTaxMan) October 3, 2012
This money wouldn’t last as Caffey has gone broke thanks to paying eight different women child support for his 10 children. Things had gotten so bad for Caffey that he was even arrested for back payments.
In 2008, CNN reported about Caffey’s situation, dealing with child support:
“NBA star Jason Caffey reportedly has 10 different children with at least eight different women and hasn’t paid one cent of child support. Caffey made as much as 5 million bucks a year during his rise in the NBA. In that time, according to one of the women’s attorneys, Caffey owes an estimated 100 grand to his client alone for failure to pay child support.
“Caffey already spent time in jail for failure to pay child support, and now it appears he’ll be spending more time in jail after a judge issued an arrest warrant for Caffey’s refusal to pay for his kids.”
The reason for Caffey being arrested was reportedly because he failed to obey a court order that said he needed to pay more than $200,000 in child support and legal fees. All together, Caffey had a debt of $1.9 million while having only $1.15 million in assets.
Things would get better for Caffey, who filed for bankruptcy protection in 2007. The judge actually ruled in his favor, stating one of the mothers of Caffey’s child had to pay Caffey $57,470.50.
The reason Caffey’s baby mother had to pay the ex-NBA star was due to a violation of rules that prohibited creditors from seeking debt collection during bankruptcy proceedings.
Today, Caffey has turned his life around and even went back to Alabama State University, the school he originally attended in the 1990s. He left without finishing his degree, thanks to joining the NBA.
“I am proud to have chosen ASU as the school that I want to proudly one day soon say that I am one of its alumni,” Caffey said.
“I chose ASU also because it gives me that personal touch – a boutique experience – like a small elite academy, which will teach me and others world-class educational standards in a small class setting while preparing me for the future by reminding me of the toils of the past.”
Caffey has also dealt with other problems in his life that go beyond late child support payments. He suffered from depression and anxiety, and Caffey was arrested on a third-degree domestic violence charge in 2010.
“It’s no secret I went through a major downfall, some decisions I made in life after my basketball career,” Caffey said.
“But the teachings I learned from Michael Jordan, Scottie Pippen, Dennis Rodman – they’re the reason I’m still alive today and I’m still able to provide for myself.”
It’s good to see Caffey has changed his life around. Also, discovering what Caffey learned from his former Chicago Bulls teammates is an interesting fact.
Caffey’s NBA Career
Jason Caffey was selected 20th overall by the Chicago Bulls in the 1995 NBA Draft. Caffey played the first three and a half seasons with Chicago, winning the 1996 and 1997 NBA titles.
Caffey was traded halfway through the 1997-98 season to the Golden State Warriors. As a member of the Bulls, Caffey averaged 5.5 points and 3.2 rebounds in 14.5 minutes per game.
Caffey played three seasons with the Warriors before signing with the Milwaukee Bucks. This is where his career would end.
After three seasons in Milwaukee, Caffey had an anxiety attack, and the Bucks bought out the remaining two years of his contract. Overall, Caffey averaged 7.3 points and 4.4 rebounds per game in 19.6 minutes per game.
Jason Caffey may not have had a career most remember, but that doesn’t take away the fact he’s a two-time NBA champion. Caffey is an NBA champion who’s getting his life back on track.
What’s not to love about his story?
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