Darius Miles didn’t quite have the NBA career we were hoping to see. When he came straight out of high school in 2000 as the third overall pick, Miles was drawing comparisons to Kevin Garnett and looked to be a part of a bright Los Angeles Clippers future. Well, as bright as the Clippers could possibly have during the Donald Sterling, pre-Chris Paul era. Instead, he played just seven seasons in his nine-year NBA career and never really broke out.
He ended up making an estimated $66 million from his salary in the NBA and made more money with various endorsements, but as we’ve learned with plenty of professional athletes that doesn’t mean they’re going to have financial freedom for their entire life. According to the Belleville News-Democrat, Miles has filed for bankruptcy and asked the court to allow him to pay his creditors by selling off his assets.
In June, he filed bankruptcy.
Miles is 34 now. It’s been 16 years since the 6-foot-9 forward was drafted by the L.A. Clippers right out of East St. Louis High School.
But injuries, legal problems and bad investments have left Miles asking the court to allow him to sell off his assets to pay creditors. Miles listed $460,385 in assets and $1.57 million in liabilities.
Miles and his bankruptcy attorney, Robert Eggmann, declined to comment when contacted this week.
Miles listed a $282,041 debt to the Internal Revenue Service. He also said that most of his debts aren’t consumer debts, but business debts. Miles owns a single-family home in Belleville with a value of $241,000. His car is a 2011 Chevrolet Camaro, valued at $20,000.
In addition to his Belleville home, he listed 12 other properties he owns, all in East St. Louis. He has a Deutsche Bank account with $49,000 and his son’s college fund with $84,900. He also listed ownership of various collectibles with unknown value, including trophies and signed jerseys, and jewelry.
In addition to his playing career, Miles also made a basketball cameo with Michael Olowokandi, Lamar Odom, and Quentin Richardson in the movie Van Wilder and had a bigger role in the movie The Perfect Score.
Miles hasn’t played in a meaningful NBA game since 2009 with the Memphis Grizzlies and he hasn’t been in the NBA since the Charlotte Bobcats waived him in the preseason in 2010. Knee injuries robbed Miles of playing from 2006 to 2008 and while he played 34 games in 2008-09 with the Grizzlies, those knee issues effectively ended his career.
His budding stardom with the Clippers was short lived, as he was traded to the Cleveland Cavaliers after just two seasons. From there, Miles spent the year in Cleveland as they tanked to be able to draft LeBron James, and then spent half a season with LeBron before he was traded to the Portland Trail Blazers in 2004. He averaged 10.1 points and 4.9 rebounds in 446 career games.
Source: CBS Sports / Former NBA high school-to-pros player Darius Miles is broke