Tim Donaghy: Straight Cash, Homey
Let’s see: Don-a-gie publicly shamed the NBA; made David Stern appear helpless in front of the entire world (something I’m still not entirely sure actually happened); and gave the League its biggest black eye ever. So, what does the NBA do to repay him? They’re gonna throw some pension money his way. Of course they are:
The league, however, will be supporting Donaghy financially. Indications are that Donaghy, who spent 13 years in the NBA, will receive a severance package as well as his pension. A source said the pension plan provides for up to $78,000 annually for life, based on seniority.
[… ]
The plan is guaranteed for 10 years, meaning should Donaghy die within the 10 years since he began drawing the pension that his heirs would receive the money.
In all likelihood, he’s still going to jail (which I hear is an unpleasant experience), but at least his bankbook will be looking good. So, he’s got that going for him. Which is nice.
(Via: FanHouse)
27 Responses to “Tim Donaghy: Straight Cash, Homey”
Aug.23 at 4:53 pm
jbn74sb says:
Not a bad deal. I could live on $78,000 for the rest of my life.
Aug.23 at 4:54 pm
jbn74sb says:
Uh, per year that is.
Aug.23 at 4:56 pm
Mike says:
now david stern should be fired
Aug.23 at 4:58 pm
Ben Collins says:
I really really really really really really really really really really really really really hope this isn’t true.
Aug.23 at 5:00 pm
Tarzan Cooper says:
isnt there some kind of way to not pay him?
Aug.23 at 5:00 pm
SMK says:
$75K a year is pocket change to the NBA but good cheddar to a disgraced ref who won’t see a penny of that unless he keeps his mouth shut.
Aug.23 at 5:58 pm
Rob Paxon says:
Here me out here. If he can get his wife to save that money and say in 3 years take the ~$200,000 and put it on the Knicks to win the championship. They’ll easily be 200:1 payoffs. By then a rabid fan would have killed Isaiah and maybe, just maybe they’d have some sort of team built. He could come out of prison a king.
Aug.23 at 6:00 pm
Rob Paxon says:
Also, if you’re the wife… do you pray the mob catches up to him in the clink? 75 grand straight to the purse every year for 10 ain’t bad.
Aug.23 at 6:05 pm
robertp says:
This perfectly illustrates the magic of unions - this is why America can’t compete on a global landscape.
Aug.23 at 6:10 pm
ER says:
Only 68 days, 2 hours, 49 minutes and 50 seconds til tip off.
Aug.23 at 6:33 pm
baker's dozen (12-13) says:
HAHAHAHA! Mutoni…GREAT Caddyshack reference!
Aug.23 at 7:15 pm
Mike says:
@robertp: unions? America is the most union unfriendly country on earth…and that not hyperbole, just pure truth…”a foreign point of view’
Aug.23 at 7:22 pm
Mike says:
he is being rewarded for doing wrong, it’s kind of like in grand theft auto where you get points for killing people, or destroying things, it’s not right
Aug.23 at 8:06 pm
Payne-o says:
Stern is in the shizzle. He HAS to deal with this in a way that makes a statement. He is the daddy of the NBA, and as such, needs to punish Donaghy appropriately. Make the other refs see what the consequences will be. Hell, make the rest of us see what happens to people who make such mistakes. We’d be fired if it was our jobs.
Aug.23 at 8:58 pm
ktokyo says:
Man, if he gets a 10-year sentence he can invest the money in some sure thing stock or high-interest fund, hit the weights, hope to get some time knocked off his sentence, come out in about 3 years ripped and rich. I wish I was in such a lucky situation… this could be the best thing that ever happened to him. although the showers might haunt him for the rest of his life, but hey, no pain, no gain right? hahaha…
Aug.23 at 9:34 pm
jay says:
$78,000 a year??? he should go all Latrell Sprewell on the nba, i mean he got a family to feed. JUST $78,000 a year. damnn
Aug.23 at 9:35 pm
BETCATS says:
Donaghy Dope Boy?
Aug.23 at 10:36 pm
Waters1981 says:
Anybody want to take bets that he’ll end up writing a book at some point in time?
Aug.23 at 11:33 pm
solid snake says:
give spree’s yacht back!
Aug.23 at 11:34 pm
Jose says:
no wonder he was betting.,donaghy shouldv’e used that money to see if that would lower his sentence,never hurt to try
Aug.24 at 12:14 am
Holiday says:
I’m so glad this came out, it’s just mean’s the likely hood of the Spurs title’s being tainted is so much better! that and the obvious reason’s they shouldn’t have so many rings!
Aug.24 at 3:22 am
truthismygame says:
exactly what’s wrong with corporate america, brutal but somehow i’m not surprised.. and i don’t even think i’m a cynic. :/
Aug.24 at 7:43 am
Tarheel Mike says:
Whaddya mean only $78,000 a year; and for a lousy stinking measly 10 years? What’s with that? I’ve got a family to feed! Oh…sorry, I thought it was Spree we were talking about here…never mind.
Aug.24 at 10:40 am
A-Money says:
Where do I sign up to screw the L over and get paid for it afterwards??????????????
Aug.24 at 11:59 am
Hoop Dreamz says:
The headline for this story is crackin’ me up bredrin! Is that what was going thru homeboy’s head every time he t-ed up Rafer Alston?
Aug.24 at 12:32 pm
Gerry says:
Tim’s profile is not accurate. His profile states that he officiated high school games for five years before entering the CBA where he officiated for seven years. To join a basketball chapter you have to be 18 years old. It usually takes several years before an official would be assigned a varsity game. Even on the fast track he wouldn’t have received a varsity game until the age of 21. Do the math. 21 + 5 + 7 + 13 in the NBA = 46 years old. Tim is 40. Seems like Tim went from Villanova University straight to the CBA with very little experience.
Aug.25 at 6:19 pm
BETCATS says:
BREAKING NEWS JAMES POESY IS NOW A CELTIC!!! BETCATS REPORTED IT FIRST!!!