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According to Telfair, he made around $19 to $20 million, but his net earnings were much lower. “I played 10 years, you said I made 20 (million). We all know about Uncle Sam, so what’s that? 10 (million). That’s about a million a year. That ain’t no money,” Telfair told Ryan Clark, Channing Crowder, and Fred Taylor. “That’s the real truth. The real truth is I ain’t really make no money. I really ain’t make no money.” “So, people like, ‘Oh, I don’t understand how you go crazy,’ so I’m like, ‘I ain’t make no Floyd Mayweather money. I ain’t make the type of money where I’mma go crazy because I don’t have it today,” Telfair continued.
That said, Telfair admitted he did not exactly exercise caution when it came to his dough. He invested in an upscale Chinese restaurant called “Philippe” and reportedly lost $1 million when it closed down. Moreover, he spent millions more to support his family, including his 14 brothers and sisters, plus his parents. “As for the business part of it, we struggled as a unit,” stated Telfair. “We didn’t give ourselves time to grow. We was like, ‘Aight, we got drafted, we got the Adidas contract.’ Especially me because my ego, I wanted it to be overnight, where it’s like, what do it look like when you got some money and you successful? What do it look like?” “My mother got a house, you look a certain way, etc. etc. I wanted that overnight, and my family did also… It takes time and we was in a rush being inexperienced,” he added.
Ex-NBA player Sebastian Telfair got a special holiday gift -- he's out of prison. TMZ Sports has learned the 40-year-old was released from the Bureau of Prisons custody this week ... after spending the past few months at Fort Dix FCI in New Jersey.
Telfair said he's feeling good and rehabilitated now ... telling Antoinette Media he's ready to get home to his loved ones after taking care of himself. Telfair was ordered to some time in the slammer for violating the conditions of his supervised release in connection to his healthcare fraud case.
Sebastian Telfair: I just had this up and down period over the last couple of years with going through my situations where I kind of blamed basketball. It took me five, six years to get back to even touching a basketball. It's definitely was some time where I ain't even want to be around a basketball, watch basketball, or definitely shoot a basketball. I was just basically blaming basketball and everything. Like, if I wasn't a basketball player, like I wouldn't be going through this, which is immature, but there's definitely some truth to it. But that's where I'm at today still. I thought I'd be get out of that space, but going back into federal court through my probation right now is like putting me right back in the same space a little bit.
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Sebastian Telfair: "I had everything I ever dreamed of. But after a series of legal issues and personal problems... that's how I take care of my baby. My life became something I could never imagine. I'm right back to where it all began — back in Coney Island, back in the projects, back in the fire. This the block right here." "Being in Mermaid Houses gives me mixed feelings, I ain’t gonna lie. It’s more of a love-love-hate relationship with Coney Island. This is crazy though, man. This the Garden right here. This where everybody got chopped up right here. That’s how I became NYC’s best point guard ever — did it right here. But when I was coming up through the fire, I remember it didn’t look like this."
Sebastian Telfair: "If somebody told me I’d end up back in the projects, I would’ve never believed them. In 2017, I got locked up for licensed firearms and all that BS. Then I went through my divorce. Now she fighting the feds. And my divorce affected my finances." "Now I gotta run around broke. This right here is the same building y’all saw in Through the Fire, the one I grew up in. It’s crazy — to go through my whole NBA journey, everything I’ve been through, and end up right back in the same spot. The first thing they gonna ask you is, Can you do it again? So that’s the mission."
It didn't take long for Sean "Diddy" Combs to see a familiar face in prison ... because he ran across a famous basketball player from Brooklyn who he's known for years ... former NBA star Sebastian Telfair. Diddy and Bassy are the most famous inmates doing time at FCI Fort Dix in New Jersey ... and they hung out Saturday in the prison yard.
Sebastian Telfair fans better hope he's a lover of protein ... 'cause TMZ Sports has learned the food menus for his first few days in prison are loaded with meat -- including hot dogs. The ex-NBA star just reported to FCI Fort Dix in New Jersey this week to serve a six-month sentence for violating the conditions of his supervised release in his healthcare fraud case ... and some of his first few choices for food will be fairly vast.
Sebastian Telfair tells TMZ Sports he wants Donald Trump to help him avoid a lengthy stay behind bars this year. The former NBA star is scheduled to report to prison on Tuesday ... after he violated the conditions of his supervised release in his healthcare fraud case -- but he's hoping No. 45/47 can get him out of it.
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Telfair said he believes the whole situation is "definitely some bulls***" ... and he's confident if POTUS hears his story, he can avoid the six-month prison sentence he's about to begin serving in a matter of hours. "Trump," he told us out in New York City on Monday, "go check in on my story and you're definitely going to want to pardon me. You'll hold me accountable and want me to continue to go do good. But I did too good to being sending anybody to jail."
Former NBA point guard Sebastian Telfair has been ordered to report to prison on Aug. 12 for failing to meet the terms of his supervised release in a health fraud case. The case involved former NBA players who submitted false invoices to health care providers in a scheme to defraud the NBA’s Players Health and Welfare Benefit Plan. U.S. District Judge Valerie E. Caproni ruled on Thursday that Telfair failed to abide by court-ordered community service and failed to report to the U.S. Probation Office. A suspended sentence means the defendant receives a prison term but can avoid serving the term behind bars if they abide by the terms of the release. Telfair will spend six months in prison as a result of failing to meet the terms of his conditional release.
Sebastian Telfair: The Knicks lost a billion dollars not having me on the team. I’d get half of a 'Linsanity' run at the Knicks—whatever they made with Jeremy, I’d have made half of that. And I was begging too. I was like, ‘Y’all, come get me.’ They were like, ‘We just had your cousin, bro.’ Yeah. No, I’m not lying. That was their response: ‘We just had your cousin.’ I was over there like, ‘Bro, y’all got Chris Duhon over there, and y’all ain’t gonna give me some burn?’
Sebastian Telfair believes basketball players get more women than athletes in any other sport. During an interview with Vlad TV, Telfair claimed he isn't sure why, but does have a theory for it. "Nobody got more chicks than the basketball players," Telfair said. "Why or how or what's — I don't know. I don't want to argue with nobody but no one got more chicks than the basketball players." "Maybe how our schedule is set up," Telfair stated. "Just how the business is set up, you got a whole lot of time for the work, that's the truth. Football, they talking about curfews and it's a different business."