14. Rick Mahorn
-cash blown: $6 million
Rick Mahorn invested heavily into the city of Detroit. Little did he know that the city would not payout on those investments. His investments went down with the economy of Motown.
www.freep.com
He made over six million in his NBA career, now as commentator of Pistons, Rick and his wife had only one thousand dollars to their name when they filed for bankruptcy. He no longer had his championship ring in 2010 when he filed for bankruptcy.
detroitsportsnation.com
They should learn how to save money for hard times