Lebron James made me laugh...

Lebron James made me laugh...

Post by Lakers 4PT 4 H » Wed, 15 Jan 2003 16:09:35


Lebron James claims that the Hummer H2 that he's driving was a b-day present
from moms..... considering that the base price of this gas guzzler is $49K, I
think he's lying. Well, this expensive lie may cost him his eligibility.
 
 
 

Lebron James made me laugh...

Post by ?§?i¥?-ji? W?ll » Wed, 15 Jan 2003 16:29:07


Quote:
> Lebron James claims that the Hummer H2 that he's driving was a b-day
present
> from moms..... considering that the base price of this gas guzzler is
$49K, I
> think he's lying. Well, this expensive lie may cost him his eligibility.

wasn't he going to go to the NBA anyway?

Would a bank approve a loan for her assuming James will bring in $$$ in the
future?

--
<>+<>+<>+<>+<>
"States do not receive credit in any world for doing what is right;
they are only rewarded for being strong enough to do
what is necessary" Henry Kissinger.

 
 
 

Lebron James made me laugh...

Post by Lakers 4PT 4 H » Wed, 15 Jan 2003 16:52:28

Quote:
>wasn't he going to go to the NBA anyway?

>Would a bank approve a loan for her assuming James will bring in $$$ in the
>future?

http://espn.go.com/nba/news/2003/0113/1491984.html

sure.... I'll go to the bank tomorrow and tell them I'll be a millionaire next
year and that they should approve a loan for a new Ferrari.

As far as I know, potential future earnings isn't a verifiable income when it
comes to  car loans. Anyways, his mom claims she got the loan, not Lebron. I
bet she made a large downpayment.... with a help from an agent.

 
 
 

Lebron James made me laugh...

Post by RIG » Wed, 15 Jan 2003 19:22:52

Possible headlines?

"James receives Hummer, investigation ensues"

 
 
 

Lebron James made me laugh...

Post by charles.beaucham » Wed, 15 Jan 2003 21:19:34


Quote:

> > Lebron James claims that the Hummer H2 that he's driving was a b-day
> present
> > from moms..... considering that the base price of this gas guzzler is
> $49K, I
> > think he's lying. Well, this expensive lie may cost him his eligibility.

> wasn't he going to go to the NBA anyway?

> Would a bank approve a loan for her assuming James will bring in $$$ in
the
> future?

There is no NCAA problem with this since James isn't ever going to play in
college.

v/r Beau

 
 
 

Lebron James made me laugh...

Post by charles.beaucham » Wed, 15 Jan 2003 21:19:53


Quote:
> Possible headlines?

> "James receives Hummer, investigation ensues"

Worse...."James receives Hummer from his mother."  Ouch.

v/r Beau

 
 
 

Lebron James made me laugh...

Post by Philip Dorag » Wed, 15 Jan 2003 22:08:32


Quote:




> > > Lebron James claims that the Hummer H2 that he's driving was a b-day
> > present
> > > from moms..... considering that the base price of this gas guzzler is
> > $49K, I
> > > think he's lying. Well, this expensive lie may cost him his
eligibility.

> There is no NCAA problem with this since James isn't ever going to play in
> college.

He can still lose his eligibility to play high school ball this
season...MIGHT affect his draft status if you cannot complete the
year.....at least cost his school all that money they have been charging
folks to see games with him in them....

Phil Doragh

 
 
 

Lebron James made me laugh...

Post by Eggm » Thu, 16 Jan 2003 00:28:14


ever have smelt, posited:

Quote:



>> Possible headlines?

>> "James receives Hummer, investigation ensues"

>Worse...."James receives Hummer from his mother."  Ouch.

"James receives Hummer from his mother for his birthday."

Eggman

 
 
 

Lebron James made me laugh...

Post by Steve Jaro » Thu, 16 Jan 2003 02:55:55



Quote:
> >wasn't he going to go to the NBA anyway?

> >Would a bank approve a loan for her assuming James will bring in $$$ in
the
> >future?

> http://espn.go.com/nba/news/2003/0113/1491984.html

> sure.... I'll go to the bank tomorrow and tell them I'll be a millionaire
next
> year and that they should approve a loan for a new Ferrari.

Difference is, James is a very good bet to be a millionaire next year,
whereas you probably aren't.

Loaning his mom a paltry 50k when Lebron is going to get a $3 million rookie
check next year is a very safe loan for a bank to make.

In all probability, this whole deal was legit from a high-school eligibility
standpoint.

--
"the purpose of assigning punishment to violations
of the law is not revenge, but terror".

- Hobbes

 
 
 

Lebron James made me laugh...

Post by Bill Lan » Thu, 16 Jan 2003 04:03:56

Steve Jaros, Shoot straight you bastard, don't mess it up!

Quote:
> In all probability, this whole deal was legit from a high-school
> eligibility standpoint.

If it is, I bet it won't stay that way for long.

--
mutt

"The only thing between me and Hell
is the floor."  Mudhoney

 
 
 

Lebron James made me laugh...

Post by Jungle Ji » Thu, 16 Jan 2003 06:35:23



Quote:
> Lebron James claims that the Hummer H2 that he's driving was a
> b-day present from moms..... considering that the base price of
> this gas guzzler is $49K, I think he's lying. Well, this expensive
> lie may cost him his eligibility.

The Ohio High School Athletic Assoc folks are pulling their hair out as
this is new territory for HS athletes in Ohio.  Apparently, there are
no rules that say he nor his mom can NOT do this.  They can't change
the rules now and have them affect him. If it were NCAA, well, he'd be
out on his ear now.

His school won't comment on the situation, as it is none of their
business what his mother does for him.  They won't either - at $15,000
per appearance for the school, why would they ?

--
Jungle Jim
5-4-3-2-1-0-Thunderbirds are GO!

 
 
 

Lebron James made me laugh...

Post by Lakers 4PT 4 H » Thu, 16 Jan 2003 06:55:34

Quote:
>Difference is, James is a very good bet to be a millionaire next year,
>whereas you probably aren't.

Len Bias says hi.

Quote:
>Loaning his mom a paltry 50k when Lebron is going to get a $3 million rookie
>check next year is a very safe loan for a bank to make.

The problem is, if the mom defaults on the loan, the bank can't legally go
after the son. So if they have a falling out and the son refuses give her mom
$$, the bank is screwed. I seriously doubt any bank would take this big a
risk... unless she put down a large sum of money.
Quote:

>In all probability, this whole deal was legit from a high-school eligibility
>standpoint.

>--
>"the purpose of assigning punishment to violations
>of the law is not revenge, but terror".

>- Hobbes

 
 
 

Lebron James made me laugh...

Post by Steve Jaro » Thu, 16 Jan 2003 07:53:47



Quote:
> >Difference is, James is a very good bet to be a millionaire next year,
> >whereas you probably aren't.

> Len Bias says hi.

... 1) That's why they take out life insurance, and 2) and exactly how many
Len Bias cases have there been - where a guy who literally is a few months
away from cashing that huge signing check dies? One.

Quote:
> >Loaning his mom a paltry 50k when Lebron is going to get a $3 million
rookie
> >check next year is a very safe loan for a bank to make.

> The problem is, if the mom defaults on the loan, the bank can't legally go
> after the son. So if they have a falling out

... how likely is it that Lebron will have a falling out with his
dearer-than-life mom bad enough for him to let her life be ruined by
defaulting on a 50k loan she took out to buy *him* a present when he's
sitting on $3 million? Please.

I'm not saying it's impossible for the bank to lose out on this loan, but
all things considered, it was *far* safer than the typical mortgage or car
loan made out to the average 50k-a-year salary guy with a decent credit
rating, and banks make those 50 times a day...

--
"the purpose of assigning punishment to violations
of the law is not revenge, but terror".

- Hobbes

 
 
 

Lebron James made me laugh...

Post by Lakers 4PT 4 H » Thu, 16 Jan 2003 08:16:34

Quote:
>... how likely is it that Lebron will have a falling out with his
>dearer-than-life mom bad enough for him to let her life be ruined by
>defaulting on a 50k loan she took out to buy *him* a present when he's
>sitting on $3 million? Please.

Ask Eminem if he'd ever cosign a loan for his mom.

Hey shit happens, I've seen close families become bitter enemies over money.

Quote:
>I'm not saying it's impossible for the bank to lose out on this loan, but
>all things considered, it was *far* safer than the typical mortgage or car
>loan made out to the average 50k-a-year salary guy with a decent credit
>rating, and banks make those 50 times a day...

No, a guy making $50k a year is SAFER because they CARE about their credit. A
punk kid making millions don't care if their credit goes to hell. Afterall,
they pay cash for everything.

Regardless, I seriously doubt this loan was possible without a substantial
downpayment. I wouldn't be surprised if this money was dirty.

Quote:
>--
>"the purpose of assigning punishment to violations
>of the law is not revenge, but terror".

>- Hobbes

 
 
 

Lebron James made me laugh...

Post by Tom O'Brie » Thu, 16 Jan 2003 10:18:41


Quote:

> >Difference is, James is a very good bet to be a millionaire next year,
> >whereas you probably aren't.

> Len Bias says hi.

> >Loaning his mom a paltry 50k when Lebron is going to get a $3 million rookie
> >check next year is a very safe loan for a bank to make.

> The problem is, if the mom defaults on the loan, the bank can't legally go
> after the son. So if they have a falling out and the son refuses give her mom
> $$, the bank is screwed. I seriously doubt any bank would take this big a
> risk... unless she put down a large sum of money.

Screwed?  no, they ain't.  They repo the car.

TO