Glen Rice was once known as among the league’s most feared shooters.
His talent on the floor allowed him to earn millions over a 15-year career. A many-time All-Star, Rice was bound to have a bountiful life post-retirement.
However, it seems that Glen Rice is now on the wrong path, financially. Jose Lambiet of The Miami Herald reported that Rice is about to go bankrupt.
Former Miami Heat superstar Glen Rice is “almost broke” despite a 15-year career in the NBA that also included a stint with the Los Angeles Lakers.
At least, that’s according to Miami-Dade County court records made public earlier this month in a paternity suit filed against Rice by a Fort Lauderdale woman in 2010.
Rice hasn’t been able to find a job in years, and he is “almost broke” after living off his basketball assets since he retired in 2004 and making a slew of bad investments, according to the court papers.
The paperwork described how Rice makes money from appearances and signing memorabilia. He has also worked at basketball camps and even has been tutoring well-to-do kids in basketball.
Rice’s recent story is another one of those unfortunate events wherein someone who has earned a good amount of fortune sees himself on a downward financial spiral. Hopefully, the former Heat, Hornet, Laker, Rocket, Knick, and Clipper gets back on his feet soon.
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