Tag:Steve Francis
Posted on: October 6, 2011 5:11 pm
Edited on: October 6, 2011 5:37 pm
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Manager steals millions; gets 3 years in jail

Posted by Ben Golliversteve-francis-nyk

Infinitely wise advice from the rapper Nas: "Watch them [people] that be close to you."

Those words should have been heeded by a number of Washington, D.C. area professional athletes who were taken for a million-dollar ride by their crooked sports manager. 

The Washington Examiner reports that a D.C. manager who worked for multiple NBA players and a prominent heavyweight boxer copped to misusing and pilfering millions of dollars generated by his clients.
Nathan A. Peake, 41, of Silver Spring, admitted in federal court in the District that he didn't file tax returns from 2000 through 2007 and diverted about $5.8 million in management and agent fees from his business to personal accounts.

He also admitted to misappropriating proceeds from a $3.5 million line of commercial credit that one of his athlete clients guaranteed and paid off.

"Nathan Peake's efforts at tax evasion were much less successful than the careers of the professional athletes he managed," said U.S. Attorney Ronald C. Machen Jr. "Today's sentence sends the unmistakable message that everyone -- especially those bringing in millions in income -- must pay their fair share."
There's nothing quite like a good lawyer zing. Or a bad lawyer zing for that matter.

Among Peake's clients, the paper reports, were Denver Nuggets point guard Ty Lawson and former NBA All-Star Steve Francis.

Francis raked in more than $103 million in salary during a 9-year NBA career playing for the Houston Rockets, Orlando Magic, and New York Knicks. Most recently, he played professionally in China.

Lawson is still on his rookie deal with the Nuggets and has career NBA earnings of less than $3 million. Back in August, he signed to play professionally in Lithuania. 

Hat tip: @NZbeFree
Posted on: July 23, 2011 12:12 pm
Edited on: July 23, 2011 12:39 pm
 

Steve Francis accused of sexual assault

Posted by Royce Young

This is potentially depressing and not fun, so let's get right to it. Steve Francis has been accused of sexual assault, according to TMZ.

According to the police report, obtained by TMZ, Francis allegedly “groped” a 20-year-old woman through her clothing in May 2010 … and the woman immediately went to the cops to file a complaint.

The alleged victim tells TMZ … she is a singer who was signed to Steve’s record label and on the day of the alleged incident, she had met Steve at an office to discuss her contract.

Francis, of course, played a decent number of seasons in the NBA and made his mark in Houston with the Rockets. He most recently played in China but has since left there and has, I guess, just been hanging out and living off those huge contracts he signed.

In this scenario, though, Francis has merely been accused by the woman. Police have yet to pursue charges in more than a year since the alleged incident.
Category: NBA
Posted on: December 28, 2010 10:10 am
Edited on: December 28, 2010 10:10 am
 

Shootaround 12.28.10: Tweaked

Rose having a tough time in the mid-range, Dirk and Horford to get scans, Bynum still brimming, and Steve Francis bids ... whatever the Chinese word for goodbye is to China. All this and more in today's Shootaround. 
Posted by Matt Moore

Derrick Rose is having a hard time in the midrange game, mostly because he doesn't trust his jumper yet, even though it's improved. He's especially improved in 3-point shooting, but continues to try floaters from mid-range. 

Dirk Nowitzki will have an MRI this morning on his injured knee. So try not to scare your Maverick fan friends too much this morning.  They're going to be a little jumpy.

Al Horford will also have an MRI on his hand this morning. We'll keep you updated on both of their statuses. 

Andrew Bynum is still "brimming with potential" apparently. At this point I think it's better to say he's brimming with disappointment. Or, "brimming with doctor's appointments."

And just like that... Steve Francis was gone. From China.

Fan sensation Jeremy Lin will likely spend some time in the D-League. 

The sixth-man who was traded for Kareem Abdul-Jabbar now is a restaurant mogul

One thing of vital importance to the Celtics? Transition defense, because it's feast or famine for them.

The Rockets and Bobcats are both in talks with Houston about acquiring the Yao Ming salary dump. 

Nets blog Nets Are Scorching asks the question: "LeBron James: Evil or Stupid?"

Posted on: December 27, 2010 12:21 pm
Edited on: December 27, 2010 12:22 pm
 

Big surprise here: Steve Francis is done in China

Posted by Royce Young

Well, that was quick. Steve Francis is reportedly done playing professionally in China as reports are that the Beijing Shougang Ducks released Francis. His agent confirmed it to Sina Sports.

Francis played just four games with the Ducks and spent only 13 days with the team. He played 14 minutes a game and averaged only 0.5 points per game. So if you were to say it was an unsuccessful trip for Stevie Franchise, you'd be correct.

Evidently the rocky relationship between Francis and the Ducks came to a head on Christmas, which is a holiday not really recognized in China. Francis skipped the team's practice to spend time with his family and naturally, the team didn't like that. Before that, he walked out at halftime of a game a few days before and told the club he was willing to leave. Plus, Francis wasn't excited about the 14 minutes a game he was getting either.

Francis went to China to try and extend a basketball career that has been falling apart for years. China made some sense though because Francis had some name recognition left over with Chinese fans because of his time playing in Houston with Yao Ming. Reportedly ticket and merchandise sales were up since Francis arrived, but this was a relationship destined to fail.

The team though said Francis was out of shape and unable to really contribute how they hoped. Earlier in the month, the league hit Francis with a "serious warning" because of an inappropriate gesture he made on the bench.

Reportedly, Francis's deal was a one-year guaranteed contract with an option for a second season worth about $800,000.

Francis has never had the best attitude with teams or coaches so there was no reason to think this situation would be any different. Obviously he's hanging on to his basketball career by a thread and trying to get paid.

Category: NBA
Posted on: November 23, 2010 8:04 am
Edited on: August 14, 2011 9:01 pm
 

Shootaround: 11.23.10: 99% likely to fail

Vince Carter comes up lame, the Miami Heat are struggling, a few New York Knicks analyzed, Steve Francis heads abroad, and a whole lot more. Posted by Ben Golliver

  • Orlando Magic wing Vince Carter went down during Monday night's game against the San Antonio Spurs and told reporters after the game that he he felt "sharp pain go through my knee, under the kneecap." That doesn't sound good. 
  • Here's the stat of the night for you from Miami's surprising double-digit home loss to the Indiana Pacers: "The Heat bench played a total of 74 minutes on Monday night and scored a whopping 4 points. The last time they did that? Nearly a decade ago, when the Heat bench mustered only two points in a January 2001 loss against -- guess who -- the Indiana Pacers." 
  • Kevin Pelton shows some love for New York Knicks rookie Landry Fields. "This year's standout has been New York Knicks guard Landry Fields, who has excelled as a starter from opening night. Fields' polished game was no secret among Pac-10 fans, but he got little national hype because he played for an undermanned Stanford team that finished tied for eighth in the conference. Fields has exceeded even his collegiate performance, especially on the glass. He's grabbing 20.6 percent of available defensive rebounds, which is phenomenal for a shooting guard (the average for the position is 11.0 percent) and nearly identical to his defensive rebound percentage as a senior in college."
  • Pacers blog IndyCornrows.com isn't nearly as excited about the win over the Miami Heat as you might expect. "Jim O’Brien urged that they caught Miami on an off night, saying it could be fool’s gold. While the possibility exists, O’Brien will always speak cautiously. O'Brien sips his glass half empty to not allow his team to gain complacency, it was more than fool’s gold: it was a stout defensive effort by the Pacers. Words have been expressed more often to give credence to the team’s defensive efforts, but tonight featured a culmination that resulted in not only a solid road victory, but a definitive win, led by a trio of much maligned Pacer members."
  • Isiah Thomas is at it again, talking about his sexual harassment case and overdose on sleeping medication.
  • These NBA labor negotiations sound like they are off to a great start. Not. Union chief Billy Hunter says a lockout next season is 99% likely to occur and goes on to say everything is working as it's supposed to, with the NBA generating profits at a solid clip. "Our contention is that the system that was put in place delivered everything it was supposed to deliver,” Hunter said, referring to the initial framework adopted in 1999. “The players never got a cent more than they were supposed to get. And ironically, if you review the press clippings from that era, you will see that the deals that were struck were lauded by the N.B.A. as having been major successes for the owners. So why now at this stage are we now saying that the system doesn’t work and it’s got to be overhauled?”
 
 
 
 
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