August 01, 2011
Unlike most semi-stars who leave the NBA in disgrace, Stephon Marbury(notes) has kept something of a media profile, mostly on the strength of some borderline-insane appearances on uStream two years ago and a possibly pathological habit of saying very weird things whenever anyone interviews him. He's one of God's own prototypes, some kind of high-powered mutant never even considered for mass production. May he stay with us forever.
Despite his status as a media curiosity, Marbury is still a human being with real-world problems. For instance, he now owes a bank lots of money, just like everyday foreclosed-upon Americans with boring names like Steven Francis and Nathaniel Robinson. Here's the story from Jack Dickey at Deadspin (via PBT):
Last we checked in with Starbury, things had gone somewhat off-script: His Chinese basketball team dumped him, but he had caught on with another team, and his business ventures were all doing well. Wrote Wells Tower in GQ, "To cover the $2.2 million promised by the owner of the Brave Dragons, Starbury Corp. briskly liquidated Marbury's $75 million real estate business."
Well, the bank liquidated at least one piece of that real estate for Marbury, through foreclosure. [...]
Essentially, Marbury guaranteed a $16-million loan to Starbury, the company. Starbury the company hasn't paid the loan back, so now Starbury the former Knicks point guard has to. The collateral he put up for the loan only covered a small part of the judgment against him. That $75 million in cash would come in handy just about now.
OK, so maybe most regular Americans don't make multimillion-dollar loans to shoe companies and then owe banks $16 million. But Starbury has never seemed like a normal person, from the moment he burst on the scene as an adolescent star from Coney Island to his lawsuit-filled post-NBA life. Paying off a bank loan is a common experience, but doing so under these circumstances is not. Even when Marbury does something fairly normal, he does it in a way that defies expectations.
Still, it's worth remembering that this state of affairs is a tough one for Marbury. We may want to treat him like a curiosity, but we should still have some sympathy for his situation. Good luck, Stephon. Hopefully you'll get things in order soon.