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|Posted: Fri Sep 21, 2018 8:15:08 am Post subject: e Nets is likely for sal
|Former NFL star Clinton Portis has reached an agreement to repay $190 Trent Murphy Jersey ,000 he owes a New Jersey casino.
The former running back with the Washington Redskins and Denver Broncos was given $200,000 in credit in 2011 to gamble at the Borgata casino in Atlantic City. But he didn't have sufficient funds to cover the debt, and six checks he signed to the casino bounced.
Portis retired in 2012 after rushing for just under 10,000 yards and scoring 75 touchdowns between 2002 and 2010.
Under a deal reached last week in Florida bankruptcy court, he will pay the Borgata 10 percent of any income he receives above $30,000 through August 2021.
During court proceedings, lawyers for Portis said he thought he had more than enough to cover the debt. He anticipated $8 million from his NFL contract, but it ended when he was cut from the Redskins a month later.
"At that time, in January of 2011 La'el Collins Jersey , my client was slated to make $8 million in the coming year," Steven Silton, a lawyer for Portis, testified. "He believed that his financial situation was very, very, very solid and that there was no question that he had more than enough financial capability."
Portis had difficult contract negotiations that resulted in him being cut by the Redskins, Silton said.
"He had no reason to believe that as of that time that he wasn't going to be playing for the Redskins, or he wasn't going to be making the money that he was contractually obligated to make," Silton said.
Portis has repaid $30 Larry Allen Jersey ,000 of the $200,000 he was fronted by the casino. The remaining $170,000 balance has grown to $190,000 with interest and attorney fees.
He will have to show his tax returns to casino officials each year to verify his income.
Portis' financial difficulties have been well-documented. In the court proceeding, his lawyer said an unnamed financial adviser "absconded with upwards of $8 million dollars" worth of the player's money.
Portis told Sports Illustrated last June that he contemplated killing one of his financial advisers but was talked out of it by a friend while parked outside his office with a gun.
Several of his advisers were barred from working in the financial services industry but were not convicted of a crime.
Silton did not return a message seeking comment Wednesday, and the Borgata declined to comment.
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The Charlotte Hornets have agreed to trade eight-time All-Star center Dwight Howard to the Brooklyn Nets for center Timofey Mozgov and two second-round draft picks, a person familiar with the situation told The Associated Press on Wednesday.
The Hornets will get the Nets’ second-round pick Thursday night (45th overall) and a second-round pick in 2021, the person said. The person spoke to the AP on condition of anonymity because the teams have not announced the trade and the league cannot approve the deal until the trade moratorium ends on July 6.
The 32-year-old Howard played only one season for Charlotte, averaging 16.6 points and 12.5 rebounds per game. He is due to make $23.8 million this season Eddie Yarbrough Jersey , the final year of his contract.
Brooklyn will be Howard’s fourth team in as many seasons. He had pushed for a trade from Orlando to the Nets during the 2011-12 season in hopes of joining Deron Williams, then changed his mind and recommitted the Magic, who instead dealt him to the Lakers that summer.
After later spending three seasons with the Houston Rockets, Howard was acquired by his hometown Atlanta Hawks in 2016 as a free agent and signed a three-year contract. But he wore out his welcome after one season and was dealt to Charlotte. The Hornets, in the midst of a major organizational shake-up, having already replaced their general manager and coach, could be on the verge of shaking up their roster, too.
Howard struggled to mesh with guard Nicolas Batum, and the Hornets failed to make the playoffs despite what former coach Steve Clifford considered the team’s most talented roster in half a decade.
This is a reunion of sorts for Mozgov. Recently hired Hornets general manager Mitch Kupchak signed Mozgov to a four-year http://www.dallascowboysteamonline.com/leighton-vander-esch-jersey , $64 million deal in 2016 when both were with the Los Angeles Lakers.
While the move allows the Hornets to unload Howard’s contract and save about $7 million under this year’s salary cap, it is a bit of a gamble because Mozgov has two years remaining on his current deal at $16 million per year.
Mozgov’s numbers pale in comparison to Howard’s.
He played in only 31 games last season for the Nets, averaging 4.2 points and 3.2 rebounds. Acquired along with D’Angelo Russell, Mozgov began the season in the starting lineup but quickly fell out of the rotation entirely on a team that preferred to play small and shoot 3-pointers.
The 7-foot-1 Mozgov has not played a full 82-game season since 2013 and has averaged in double figures only once during his eight-year NBA career. By contrast, Howard has averaged 17.4 points, 12.7 rebounds and two blocks per game since joining the league in 2004.
His rim protection should help what has been a poor defensive team and he could help in the pick-and-roll with Russell and Jeremy Lin, but the biggest incentive to the Nets is likely for salary reasons with Howard’s contract expiring after next season.
AP Basketball Writers Tim Reynolds and Brian Mahoney contributed to this report.
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