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Thread: Dr. J. selling out

  1. #1
    Tree People to the Core! indygeezer's Avatar
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    Default Dr. J. selling out

    OK, this isn't directly Pacer related but anyone who was around during the ABA days and later the NBA after the merger, knows just how important Dr. J was to not only the Pacers, but professional basketball everywhere.

    Tue Oct 25 06:25pm EDT

    After being sued for $200K, Julius Erving puts his trophy case up for auction
    By Kelly Dwyer
    Times are tough for business owners both big and small in 2011, and Basketball Hall of Famer Julius Erving is no exception. The former Philadelphia 76ers legend is being sued for nearly a quarter of a million dollars after an investment in a golf club went belly-up.

    The Atlanta Journal-Constitution has the breakdown:

    Erving's company was given a $1 million line of credit in April 2009, which was due the following April, according to the lawsuit obtained by the AJC. Erving used a Gwinnett County home as collateral to secure the loan, the lawsuit states.

    In August 2010, the line of credit was reduced to $750,000 and the maturity date extended to July 24, the bank stated in the suit. But, an outstanding balance of $205,277.84 has not been paid, despite a demand letter for payment sent Sept. 29.

    Erving, better known by his nickname Dr. J, moved to the Atlanta area in 2008, about two years after purchasing the Heritage Golf Club, near the Gwinnett-DeKalb county line. The AJC reported in April 2010 that the golf club was in foreclosure.

    That's just all sorts of unfortunate. Erving has taken in plenty of post-playing work since retiring from the NBA in 1987, including stints as an analyst on NBC and a gig with the Orlando Magic as an advisor. It's not clear what his role in the failed golf club was, but he's certainly on the hook here.

    In what the AJC is calling an "unrelated" event, a litany of Dr. J's personal memorabilia has gone up for auction, through the SCP Auctions company. It's a pretty significant list of swag, available here:

    Some of the marquis items from the collection include Dr. J's 1974 and 1976 New York Nets ABA World Championship ring; 1983 Philadelphia 76ers World Championship ring; 1996 NBA's 50 Greatest Players ring; MVP trophies from 1975-76 (ABA) and 1980-81 (NBA); 1977 and 1983 NBA All-Star game MVP trophies; 1979, 1981 and 1985 Eastern Conference All-Star game-worn uniforms, 1982-83 Philadelphia 76ers game-worn road uniform; and his final game-worn jersey from Game 5 of the 1987 Eastern Conference playoffs.

    That's not just some of his memorabilia -- that's all his memorabilia. Championship rings? MVP trophies? His jersey from his final game as a Sixer? It's a cool stash, but it's also more than a little depressing.



    I'd LOVE to have his ABA ring.
    Last edited by indygeezer; 10-26-2011 at 01:04 PM.
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    Formerly PacerFanInAZ Cactus Jax's Avatar
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    Default Re: Dr. J. selling out

    I wish stuff like this didn't have to happen. I'd love for a current player to come in and end this charade, and let the Dr. keep his stuff.

    I mean its his fault that he's in debt, but still he didn't make quite the money the other legends of the game made, and he paved the way for so many players.
    "It's just unfortunate that we've been penalized so much this year and nothing has happened to the Pistons, the Palace or the city of Detroit," he said. "It's almost like it's always our fault. The league knows it. They should be ashamed of themselves to let the security be as lax as it is around here."

    ----------------- Reggie Miller

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    Rebound King Kstat's Avatar
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    Default Re: Dr. J. selling out

    On a personal level, Dr. J was never a great human being.

    Great basketball player, but had multiple children outside of his marriage, and treated them like crap.

    He sent his own daughter an autographed basketball for her birthday.

    I feel no sympathy for him.
    Last edited by Kstat; 10-26-2011 at 05:53 PM.

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    Since 1984 1984's Avatar
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    Default Re: Dr. J. selling out

    Quote Originally Posted by Cactus Jax View Post
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    I mean its his fault that he's in debt, but still he didn't make quite the money the other legends of the game made, and he paved the way for so many players.

    Exactly, and exactly why the lockout is disgusting.

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    Member RWB's Avatar
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    Default Re: Dr. J. selling out

    Quote Originally Posted by Cactus Jax View Post
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    I mean its his fault that he's in debt, but still he didn't make quite the money the other legends of the game made, and he paved the way for so many players.
    Agreed it is sad, but we also know guys like Darnell Hillman and Billy Keller still get up everyday and go to work because their ABA career didn't pay that well either.
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