Now we can see that Scottie Quitten is doing this for his love of the game... http://sportsillustrated.cnn.com/2007/basketball/nba/02/17/bc.bkn.pippen.lawsuit.ap/index.html Former NBA star Scottie Pippen must pay a bank more than $5 million in a breach of contract lawsuit involving a loan for a business jet, an appeals court ruled. This past week's ruling by the Missouri Court of Appeals upheld a ruling in St. Louis County, where a judge found last year that Pippen owed U.S. Bank just over $5.021 million in principal, interest and attorneys' fees. According to court documents, Pippen was taking so many charter flights that a pilot convinced him in 2001 that he should buy his own plane. Pippen and his wife, Larsa, formed a company called Air Pip and borrowed $4.375 million from JODA LLC, an aircraft finance company based in the St. Louis suburb of Chesterfield. U.S. Bank later bought the note and sued the Pippens and their company in 2004.
I'd love to see him come back....then we could all laugh our @$$es off at how he sucks even more than when he left.
i dont get why pippen would have to borrow ~5 million. i know the guy played most of his career in smaller sized contracts (large at the time, small now) but he got a pretty big contract if I remember right with his S&T to the rockets. I wouldnt think money at the time of borrowing (2001) would be an issue
It is easier to borrow money under a business name and if you lose it usually its the business that goes under not your own money. Barkley said that pippen was crazy for coming back and that you dont get better by not playing. It was hilarious, he was laughing so hard, and then he said he too would like to come back.
