Charlie and Kenya Bell
*Let’s face it, you can walk away from a high-profile title without stumbling when you got bank following you.
Kenya Bell may not technically be a “basketball wife” any longer, but the former “Basketball Wives” star will be leaving the marriage with a lot of NBA dough.
You might recall, Kenya and Charlie were entangled in a bitter divorce battle over money. Charlie wanted Kenya to support him, claiming he makes pennies with no more NBA contract. Kenya wanted Charlie to give up a chunk of his seven-figure savings and pay child support.
But the outcome of a judgment filed on August 27 determines neither has to pay spousal support; but Charlie has to shell out $1,000/month in child support, but they’ll share custody of their two daughters. Kenya keeps the marital home in
Michigan, and the home bought for her parents. Charlie gets the condo in Vegas and the home he bought his parents.
As for cold hard cash, Kenya was awarded $780,000 from Charlie’s savings … leaving him with $656,000. She also gets half of the $670,000 from another account.
Kenya gets HALF OF EVERYTHING from the following: Charlie’s NBA 401k plan, his NBA retirement plan, his NBA pension, NBA welfare plan, and NBA supplement benefit plan.
Charlie does not get anything from Kenya’s “Basketball Wives” money.
That must have been some bomb pussay cus she aint that fine…..
Naaaaw, just the fkd UP …”system”! And BTW?…what “good “P” ain’t attached to a “fine” woman!?? “I”?… don’t even wanna “sample” day ish!! Yiiiiiiikes!
How does he rate an NBA pension. He was only in the league about 6 seasons and not 6 full seasons. I think you have to do 10 years to be vested. He’s been playing in Italy for 3 seasons.
Half of his money to this garden tool? It might be time to contact Orenthal James and ask a favor of him.
Last of the Frozen Chosin and one of the Chosin Few
NO YOU DON’T HAVE TO BE IN THE NBA for 10 years to collect a pension. Who told you that LIE?
Why would you call it a lie? What I wrote was “I think you have to do 10 years to be vested.” The operative word there is “think”. I did not write it as a statement of fact, nor did I imply that someone told me this information. I had it confused with Major League Baseball where the requirement for being fully vested is ten years.
I’m going to post the pension information on most major professional sports in another post below.
Last of the Frozen Chosin and one of the Chosin Few
No you did not imply someone told you that information. I ASKED YOU WHO TOLD YOU THAT INFORMATION.
I already know about the other sports pension programs. Thanks for copying and pasting it though.
Now this crazy,greedy,no talent havin azz trick, can go make all the “bootleg videos” she wants! Hope she gets some fkn “therapy”, while she down thurr! A female can get yo money, even though she ain’t “lifted a finger” while being WIT yo azz nor “put “5:00″ ‘on SHYT!!? Yo…this shyt has got to STOP!! SMGDH!!!
All this says to me is DON’T GET MARRIED and DON’T HAVE KIDS if you don’t want to run the risk of ever having to pay for them in this manner. These scenarios are all to common and routine for this not be anticipated and prevented.
Here is the pension information for various professional sports in the USA as provided by Investopedia:
NBA players have one of the most generous pension plans in all of professional sports. They are vested into their pension plans after playing at least three seasons in the league. The minimum benefit for a player that retires at the age of 62 is $56,988 per year – not a bad retirement for a three-year career. The maximum benefit for any player is $195,000, and it takes 11 years of NBA service to qualify for this benefit.
But that’s not all! NBA players are also eligible to participate in a league-sponsored 401(k). Do you think your 401(k) plan is good with a 50% matching policy? The NBA matches player’s contributions up to 140%.
The NFL could stand for “Not For Long,” with the average career lasting only three years – just enough to qualify for the league’s pension plan. The league’s plan is based on years of service in the league. Players who retired in the ’80s and ’90s receive anywhere from $3,000-5,640 per month for every season played in the NFL. Newly retired players receive $5,640 dollars monthlyfor every year of service. Players with 10 years of service receive an additional retirement bonus in the form of an annuity.
Players are eligible to receive their full benefits at the age of 55. While the pension plan is much worse than other sports, the NFL does offer a generous 401(k) plan. The league matches every player’s contribution up to 200%. (Housing your retirement plan inside a variable annuity contract offers some big advantages, but only if you are close to retirement.
Major League Baseball has the best pension program in all of sports. A big league player needs just 43 days of service to qualify for a pension benefit. Forty-three days of service can guarantee an MLB player a $34,000 per year pension benefit. One day on an active roster qualifies a player for full comprehensive medical benefits.
Major league baseball players become fully vested in their pensions after 10 years of service. It is not uncommon for retired baseball players with over 10 years of service to receive over $100,000 annually upon reaching the age of 62. Baseball has the most well-funded pension program with estimates valuing the plan at over half a billion dollars
NHL players can start withdrawing their pension benefits at the age of 45. Players are not fully vested, however, until the age of 45. NHL pensions require that a player be active for at least 160 games to qualify for the maximum pension benefit. Players with less than 160 games of service receive the maximum benefit under Canadian law, and players with 160 games or more of service receive the maximum pension under U.S. law, which is $45,000 annually. (The maximum amount you may borrow from your qualified plan is either 50% of your vested balance or $50,000, whichever is less.
The PGA has the most convoluted pension plan of all of the major sports. The amount of money in a professional golfer’s retirement account is not guaranteed. It is based on their performance during the season, position on the money list and the number of cuts made during the season. Players are rewarded with contributions for participating in and playing well in tour events. Players earn funding as they participate in more and more tour events. Players also earn contributions of $3,800 and up for each cut that is made.
The best part of the PGA’s pension plan is that successful players can accumulate millions of dollars in their retirement account at the end of their career. The downside is that players that miss cuts and perform poorly will be left with virtually nothing in their pensions.
As you can see, athletes in different sports have totally different retirements to look forward to. Whereas athletes in MLB and the NBA can look forward to fat cushy paychecks after their playing days are over, NHL and NFL players will have significantly far less to work with.
Last of the Frozen Chosin and one of the Chosin Few
He doesn’t have to kill her…..but I understand……
these days it doesnt pay having a career and when things go bad in the marriage you lose everything you worked hard for while the woman gets everything.Like You wasnt with me shooting in the Gym