NBA star Glen Rice made more than $50 million throughout his NBA career, and now he says he's broke. What happened? Well the former NBA player made some BAD business investments, and it cost him dearly.
Now he's fighting with his baby's mother to have his child support REDUCED. Here is what is being reported by the Miami Herald.
Broward County guardian ad litem staffer Robin Duncan, originally managed to squeeze $1,500 a month in child support for a little girl named Gianna fathered by the then-married prolific small forward.
Last year, however, Rice filed a heart-wrenching plea to the court system to substantially lower his monthly payments, and both the court and Duncan signed off on a new deal.
On Sept. 8, Duncan agreed to $600 a month for as long as Rice got caught up with unpaid support totaling $2,000.
Why a downward adjustment, something relatively rare in child support?
Rice hasn’t been able to find a job in years, and he is “almost broke” after living off his basketball assets since he retired in 2004 and making a slew of bad investments, according to the court papers.
“A permanent, material, substantial, unanticipated and involuntary change in circumstances [warranted] a downward modification in support,” the filing reads. “The father (Rice) is in dire financial straits … He has attempted to become gainfully employed in various capacities but has been unable to earn a semblance of meaningful income.”