Yet Another Former NBA Player is Broke

Former NBA player Derrick Coleman one of the biggest draft bust of all-time according to Sports Illustrated recently filed for bankruptcy.  Coleman's balance sheet has lost equilibrium, his assets which include a Bentley, and five fur coats are listed at $1 million but he has $4.6 million in debt.

Sadly his business deals in his hometown Detroit haven't been successful. Coleman owes between 50 and 99 creditors, including Detroit Mayor Dave Bing, American Express, Comerica, Sprint, Verizon, Hungry Howie's Pizza and Nike (source).

Other Former Athletes that Financially Fell from Grace Here and Here.