Former NBA player and Atlanta Hawk Joe Smith lost his $61 million fortune and now owes over $150,000, according to CNBC.
Smith was the No. 1 overall pick in the 1995 NBA Draft. He signed a one-year deal with Atlanta in August 2009, and then, Atlanta was Smith's 10th NBA team. His 16-year, 11-team NBA career ended in 2011.
With the help of former New York Yankee Alex Rodriguez, the former Atlanta player hopes to increase his revenue and decrease his spending.
Rodriguez helped Smith revamp his basketball coaching business, convinced Smith to downsize his home, and came up with a spending breakdown, according to the article.
You can read the full story here.
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