Horace Grant selling his rings

[queridiculo]

He is likely broke. I am under the belief that if you are forced to sell rare items that you cant just get back later, then you are in financial difficulties and had to make a tough decision. If you arent broke, sell your cars, your TVs, not your heirlooms.

These items don't really have any material value, and if they're just collecting dust you might as well ride the wave of nostalgia, cash in and do something worthwhile with the proceeds.

I very much doubt he's broke.

He's been employed by the NBA and then later by the Bulls for quite time.

Somebody going out there to make a living after his career is over doesn't strike me as somebody who'd waste his fortune.

[Slava]

I hope its for charity. Otherwise, he has 5 kids who'd love to inherit them as his legacy.

[Long2_noD]

Maybe he just needs cash. Doesn't have to mean he's broke.

[ckman]

Guys , please stop, he's not broke, he sold the rings for charity years ago, he's not the owner now

[hauntedcomputer]

Bill Russell sold about $7 million of his stuff last year with only a portion going to charity. You can't take it with you and ultimately it's just stuff. Lots of reasons to get rid of junk besides being broke.

[ORLMagicGirl15]

They will always be champions. The ring is just the symbol and if they are cool with departing it because it helps in whatever situation they are in, then so be it. I also understand those who want to keep it and pass it down to their children when they tell their championship story.

[ropjhk]

He probably could have gotten a better price last year. A lot of people lost a lot of money this year on bad investments. Considering the timing this might be a thing he's forced to do.

[dhsilv2]

https://www.cbssports.com/nba/news/horace-grants-bulls-championship-rings-up-for-auction-expected-to-fetch-over-100k-each/

It did not say if the money is going to charity or anything like that so what do you all think of players selling their championship rings?

if he was playing today he would make in 4 years the sum of his whole career.
still,,,blowing 60million is hard to fathom if this is the case

And yet like 80% of players, regardless of total income, seem to be able to do it. Not sure if that number has changed since the early 2010's but that was at one point true.

[dhsilv2]

For all I know it could have been sitting in a box for decades not being touched.

I can't imagine wearing one of those things. They are the definition of garish.

Same. I could imagine them being in some sort of display case at my house though. On the other hand, I feel like I've heard many interviews with Olympic athletes who say their medals are just in a box in the closet. Man, if I ever won an Olympic medal (and if I were single at the time) I'd be at the bar with it every day, and would find a way to bring it into every conversation.

I have a feeling you'd not get invited to parties doing that...

[dhsilv2]

He’s obviously broke and that sucks. I don’t feel bad for him it’s crazy how people can squander that much money

The only reason he could be selling them is because he's broke? Maybe he just doesn't care about them and he'd rather have the money. Winning them may be what was important to him, not owning them for life and being buried with them.

He’s made over $120m in his career - if he’s selling the rings he’s absolutely broke. Yes I’m willing to make that obvious leap

Where did you get the 120 number from? That's roughly double what his career basketball earnings are. Endorsements?

[taikibansei]

According to this article, it's not Grant selling his rings at all. Guess he's not broke after all.

After selling his championship rings for charity some time ago, the prized jewelry is back on the auction block. Heritage Auctions is accepting bids on each piece through August 27.

https://outsider.com/sports/horace-grant-nba-championship-rings-won-during-bulls-dynasty-up-auction/

Thread should have ended here. Grant is not broke, and he's not selling his rings (as the latter had been auctioned off by Grant for charity years ago.)

Seriously, people....

[dhsilv2]

The Lakers ring is worth less than half? The 2001 team was a ridiculous 15-1 in the play-offs. Sweeping the mighty Spurs

It wasn't with Michael Jordan...he also was the clear 3rd best player on those 3 bull's teams. He was a far less important part on that 2001 team.

[Nate505]

I can't imagine wearing one of those things. They are the definition of garish.

Same. I could imagine them being in some sort of display case at my house though. On the other hand, I feel like I've heard many interviews with Olympic athletes who say their medals are just in a box in the closet. Man, if I ever won an Olympic medal (and if I were single at the time) I'd be at the bar with it every day, and would find a way to bring it into every conversation.

I have a feeling you'd not get invited to parties doing that...

Bars are open to the public though!

[azcatz11]

The only reason he could be selling them is because he's broke? Maybe he just doesn't care about them and he'd rather have the money. Winning them may be what was important to him, not owning them for life and being buried with them.

He’s made over $120m in his career - if he’s selling the rings he’s absolutely broke. Yes I’m willing to make that obvious leap

Where did you get the 120 number from? That's roughly double what his career basketball earnings are. Endorsements?

I was looking at the inflation adjusted numbers...my bad

[madmaxmedia]

He’s obviously broke and that sucks. I don’t feel bad for him it’s crazy how people can squander that much money

The only reason he could be selling them is because he's broke? Maybe he just doesn't care about them and he'd rather have the money. Winning them may be what was important to him, not owning them for life and being buried with them.

There’s also quite possibly a middle ground where he’s not destitute, but that kind of money can help set up the rest of his life.

EDIT- just saw the post up above that he auctioned them off for charity awhile back, and these were for sale by the new owner.

[Dan Z]

He made 67 million dollars during his career. If he wasn't stupid with his money then he's fine.

I remember when he left the Bulls. I understood it because it was good money, but was bummed about it. Not only that but he tried to rub it in too (I remember when he gloated about beating the team).

If he's not proud of his time with the Bulls and want's to sell his rings then so be it. He was also salty about the Last Dance documentary.

[kulaz3000]

According to this article, it's not Grant selling his rings at all. Guess he's not broke after all.

After selling his championship rings for charity some time ago, the prized jewelry is back on the auction block. Heritage Auctions is accepting bids on each piece through August 27.

https://outsider.com/sports/horace-grant-nba-championship-rings-won-during-bulls-dynasty-up-auction/

Good for him. As you've stated, he already sold them years ago for charity, which clearly indicates he wanted to do something worth while with them instead of just having them sitting at home.

As fans, I think the automatic assumption that these rings would only be sold if someone is broke, but some people just don't value materialistic things like this as much as others. I'm sure it's nice to have and all, but at the end of the day, they are just sitting there to be displayed, how often, are you just going to sit there staring at those rings? He is in the record books as a championship player, not having the rings isn't going to change that.

[dhsilv2]

According to this article, it's not Grant selling his rings at all. Guess he's not broke after all.

After selling his championship rings for charity some time ago, the prized jewelry is back on the auction block. Heritage Auctions is accepting bids on each piece through August 27.

https://outsider.com/sports/horace-grant-nba-championship-rings-won-during-bulls-dynasty-up-auction/

Good for him. As you've stated, he already sold them years ago for charity, which clearly indicates he wanted to do something worth while with them instead of just having them sitting at home.

As fans, I think the automatic assumption that these rings would only be sold if someone is broke, but some people just don't value materialistic things like this as much as others. I'm sure it's nice to have and all, but at the end of the day, they are just sitting there to be displayed, how often, are you just going to sit there staring at those rings? He is in the record books as a championship player, not having the rings isn't going to change that.

Film Summary. According to a 2009 Sports Illustrated article, 60 percent of former NBA players are broke within five years of retirement. By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress.

http://www.espn.com/30for30/film/_/page/broke#:~:text=Film%20Summary,or%20are%20under%20financial%20stress.

To be fair, I'm not sure it's so much the material things aspect so much as, professional athletes go bankrupt at insanely high rates.

[NPZ]

https://www.cbssports.com/nba/news/horace-grants-bulls-championship-rings-up-for-auction-expected-to-fetch-over-100k-each/

It did not say if the money is going to charity or anything like that so what do you all think of players selling their championship rings?

I have an account at that auction house site (HA.com). I'm a coin nerd, that's mostly why. However, their sports section is top notch. They've sold memorable stuff like the backboard Mike hit the shot on (at Utah). From what I know, most players sell their rings for money for themselves after their playing money starts getting tighter.

Biggest name to sell a ring I know of was Kareem. He sold his 1988 ring and other memorabilia for a charity a couple years ago. I think that signifies that he didn't feel satisfied with his contribution to the 1988 title, he was old. Michael Cooper sold his 1980 ring only for the same reason. He wasn't a contributor to that title so the ring didn't mean as much to him as the other 4 he got later on.

Odom sold his Laker rings in a huff after being dealt from LA to Dallas. Bench players usually sell theirs. DJ Mbenga sold his 2009 Laker ring and a 12th man named John Celestand sold his 2000 Laker ring. His only known highlight was being crossed over by Vince who then donked it. Long story short - THOSE bench dudes sell them for the cash, straight up. And it makes sense because they didn't make as much as stars.

[NPZ]

The Lakers ring is worth less than half? The 2001 team was a ridiculous 15-1 in the play-offs. Sweeping the mighty Spurs

Ho was a nice pickup that year, but he was older. And when fans think of him, they think Bulls. He was in his prime then. In 2001, I remember Ho having like one strong game per series. However, that's all that Laker team really needed. The context of the ring drives the price. He was already older in 2001 and Phil actually wanted him back for the 2004 season where he was a Walking Dead. We didn't win that year. Old Man Malone, however, was still a BOSS. Of course he gets his first injury EVER w/ us. In the 04 Spurs series, the Lakers were down 0-2 and swept the next 4 games and Malone held Timmy to 17.5 ppg and .380 shooting. And he also was a problem for KG in the T'Wolves series. Then his knee got tweaked hard in Gm 2 of the Finals and that was it.