Kisha Chavis, engaged to former NBA player Joe Smith, shared a candid and unapologetic perspective on Smith’s financial troubles during an interview with VladTV. Despite Smith amassing $61 million during his NBA career, he found himself in significant debt, with only $3,000 left when he got engaged to Chavis.
In response to questions about the financial burden, Chavis distanced herself from any responsibility, stating:
“Nothing I had anything to do with. That’s all his own debt…. Oh, well, yeah. I didn’t look at it like that.” (7:45)
When pressed on whether the debt became a shared responsibility in marriage, she firmly rejected the notion, placing the blame squarely on Smith.
The backstory revealed that Smith’s financial woes stemmed from various factors, including property investments that resulted in substantial losses, lavish spending on cars, and a costly divorce. Kisha Chavis displayed a no-nonsense attitude, emphasizing that the financial challenges were solely Smith’s burden, showcasing an unapologetic stance toward the precarious financial situation her husband faced.
Joe Smith Lost Over $140 Million In His NBA Career
Former NBA player Joe Smith faced significant financial setbacks during his basketball career, losing over $140 million in various circumstances. One of the major incidents involved an $80 million under-the-table deal between Smith and the Minnesota Timberwolves.
The NBA discovered the deal, leading to severe penalties for the team and voiding Smith’s one-year contracts. The league fined the Timberwolves $3.5 million, forced them to forfeit first-round draft picks, and imposed suspensions on the owner and vice president of basketball operations.
In another episode, Smith lost around $60 million during contract negotiations with the Golden State Warriors. Amid organizational changes and the aftermath of the Latrell Sprewell-PJ Carlesimo altercation, Smith declined the team’s offer of $50 to $60 million, seeking better opportunities. The turbulent period marked the beginning of significant changes for the team and left a lasting impact on Smith as a young player.
Despite these financial setbacks, Smith continued his NBA career with resilience. He signed a one-year, $2.25 million deal with the Detroit Pistons in 2000 and later returned to the Timberwolves in 2001 on a six-year, $34 million contract.
In addition to these financial challenges, Smith also faced personal controversies, such as an incident involving his ex-girlfriend Moniece Slaughter, who allegedly forged checks worth $109,000. This legal dispute added to Smith’s financial woes.
The revelations about Smith’s financial struggles provide a candid look into the complexities of NBA contracts, financial management, and the impact of off-court incidents on players’ careers.
Despite the substantial losses, Smith’s ability to navigate these challenges and continue his professional basketball journey demonstrates resilience and determination. The stories serve as cautionary tales within the broader narrative of athletes managing wealth and dealing with unexpected financial hurdles throughout their careers.
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