Athletes Who've Lost Millions

Retired basketball star Magic Johnson recently made news with his purchase of the L.A. Dodgers for $2 billion. But not all professional athletes have maintained their fortunes. Dennis Rodman was the latest to go broke. Dozens of athletes have filed for bankruptcy, had their homes foreclosed or lost millions in other ways. Read on to see which athletes ended up broke at one point in their lives. --by Caroline Kim

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Dennis Rodman

The former NBCA player Dennis Rodman was in court this week and faces up to 20 days in jail for failure to pay $860,000 in spousal and child support. The former Chicago Bulls power forward is just the latest in a long string of pro athletes who have squandered their fortunes.

Photo: Dennis Rodman speaks at the Basketball Hall of Fame Enshrinement Ceremony on Aug.12, 2011 in Springfield, Massachusetts.
Dennis Rodman

The former NBCA player Dennis Rodman was in court this week and faces up to 20 days in jail for failure to pay $860,000 in spousal and child support. The former Chicago Bulls power forward is just the latest in a long string of pro athletes who have squandered their fortunes.

Photo: Dennis Rodman speaks at the Basketball Hall of Fame Enshrinement Ceremony on Aug.12, 2011 in Springfield, Massachusetts.

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