Wednesday, October 26, 2011

Erving in dire financial trouble

NBA Hall of Famer and Sixers legend Julius Erving plans on placing his 1983 championship ring up for auction in an effort to fend off creditors.

Erving is currently in the midst of severe financial difficulties, according to the Atlanta Journal-Constitution.

The paper reports that the Georgia Primary Bank filed a lawsuit against the former Sixers star on October 18, claiming that he owes more than $200,000. stemming from a credit line of $1 million that was loaned to "The Erving Group Inc. of Atlanta" back in April of 2009.

Other items Erving is planning to auction off include his ABA championship rings from 1974 and 1976 with the New York Nets, Most Valuable Player trophies from both the NBA and ABA as well as several game-worn jerseys. The minimum bid for the Sixers championship ring will be $25,000.

No comments: