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The Trials and Tribulations of Eddy Curry

May 26, 2010 – 4:53 PM
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Anthony Olivieri

Anthony Olivieri %BloggerTitle%

Eddy CurryEddy Curry has a $60 million contract, $4.5 million mansion and a $6,000-a-month personal chef. His kids go to private school and he has his choice of expensive luxury vehicles.

Curry, though, needs money.

In fact, according to reports, Curry went to Allstar Capital to take out a personal loan in 2008, when he borrowed $580,000 at a whopping 85% interest, a rate that's only legal to charge in Nevada.

A bank also moved to foreclose on his mansion in June 2009. Nearly a year later, Curry still needs money.

A judge on Tuesday ordered that the New York Knicks' underachieving center pay $75,000 per month plus interest to repay his debt that ballooned to $1.2 million. The judge also ordered Allstar to collect three of Curry's cars -- two 2009 Land Rovers and a Phantom convertible, according to the New York Daily News.

Citing Allstar lawyer Donald David, the Daily News also reported that Curry has never paid any portion of the loan. Maybe that's for good reason, if you consider the big man's myriad of reported expenses, including $17,000 in monthly rent, $30,000 in household expenses and $16,000 in allowance that he reportedly pays to relatives and hangers-on.



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"Mr. Curry appears to be a very, very generous man," David told the Daily News. "He appears to have taken it upon himself to support every person named Curry on the East Coast."

While Curry's generosity is to be admired, his business acumen -- and general lackadaisical financial sense -- is frankly head-scratching.

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The New York Post reported Wednesday that Curry has no idea how his millions disappeared. Curry claims, according to the newspaper, that his accountant, Lamont Carter, handled his money up until 2008, when Curry realized he was in financial ruin.

At that point, he fired Carter, who was also his manager and the man responsible for paying his bills in full, according to the newspaper. The Post reported that Curry has sued Carter but, needless to say, the damage has been done.

The report said that Curry has more than $2 million in debt, though don't expect him to remember to whom he is indebted. Curry had a hard time recalling the cars that he owns when he was pressed on the issue at a recent court hearing, according to the Post.

Ooof.

Eddy Curry

Unfortunately, that's less than half of what has gone wrong for Curry, who, for what it's worth, is considered one of the nicer people in the NBA.

Curry's former girlfriend, Nova Henry, and their nine-month-old daughter were murdered in late January 2009 in Chicago. Curry and Henry's three-year-old son, Noah, was found unharmed at the scene. The big center was embroiled in a custody battle over Noah after Henry's death.

Just weeks prior, Curry was hit with a sexual harassment lawsuit by his former chauffeur David Kuchinsky, who also alleged racial discrimination, saying that the 6-11 Curry hurled racial and ethnic slurs at him. Kuchinsky said he was addressed by Curry as "cracker", "white slave", "white devil" and "grandmaster of the KKK," according to multiple reports.

In 2007, Curry and his wife were tied up and robbed at their Chicago mansion at gunpoint by three burglars.

Had enough?

Well, that doesn't even begin to describe his struggles on the court, where he has played just 10 games over the last two seasons thanks to injuries, weight problems and poor play. Not to mention that Curry has been a financial albatross for the Knicks, who have been in a mad scramble to clear cap space for this summer.

Curry, 27, was the fourth overall selection in the 2001 draft out of high school in Illinois. Former team president Isiah Thomas mortgaged much of New York's future in a trade with the Chicago Bulls for Curry, who joined the team in 2005-06 despite a heart ailment that left his health in doubt.

Since, Curry's role in New York has diminished. New coach Mike D'Antoni and team president Donnie Walsh repeatedly have tried to deal the 285-pound Curry, who appears useless in D'Antoni's fast-paced offense. Curry has a player option for over $11 million in 2010-11.

Somehow, it seems he'll still need money.
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