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Julius Erving Faces $200k Lawsuit, Auctioning Off Championshing Rings

Found October 26, 2011 on SLAM Online:
PLAYERS: Julius Erving
TEAMS: Brooklyn Nets
Dr. J finds himself in some hot financial water, and somewhat tragically, he’s decided to auction off much of his memorabilia, including all of his title rings (NBA and ABA.) From the Philly Daily News: “[Julius] Erving, who spent all of his 11 NBA seasons with the Sixers after a stellar career in the ABA, is auctioning a boatload of his personal memorabilia in conjunction with SCP Auctions’ fall offering. Doctor J items to be auctioned, beginning Friday, include: 1983 NBA championship ring (minimum bid $25,000). 1996 NBA 50 greatest player ring ($5,000). 1975-76 MVP trophy from the ABA ($10,000) and 1980-81 MVP trophy from NBA ($20,000). NBA All-Star Game MVP trophies from 1977 and 1983 ($5,000 each). Championship rings from the ABA’s New Jersey Nets from 1974 and 1976 ($20,000 each). The jersey he wore in his final NBA game against Milwaukee in 1987 ($10,000). ‘I am very excited to work with SCP Auctions to offer my person collection of memorabilia to collectors and fans,’ the ...
Original Story: http://www.slamonline.com/online/nba/...
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Julius “Dr. J” Erving Sued for $200k, Auctioning NBA Championship Ring

Via BlackSportsOnline  |  October 26, 2011
I don’t think any athlete wants to sell their championship rings. Even the scrubs wouldn’t want to do that because they is how they pick up women even if they haven’t played in ten years. Dr. J is an iconic NBA Superstar, so it is tough pill to swallow that he is having such financial problems that he has to sell a bunch of his stuff. SCP Auctions informed the media on Tuesday...

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Everyone loves Julius Erving. The former basketball superstar remains an global icon — for fans of all ages. However, money apparently isn’t very fond of Dr. J. A new report shows that Julius Erving is indeed broke. His trouble began in 2009 when he took out a $1 million loan. Although he was able to pay back a majority of the loan, he still owes more than $200,000. The bank...

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Via Los That Sports Blog  |  October 26, 2011
This story is a little depressing to see… Basketball Hall Of Famer Julius “Dr. J” Erving is being sued by a bank in Georgia for 200k due to a outstanding balance from a failed business venture line of credit, per the Atlanta Journal-Constitution. Here are some details: [Georgia Primary Bank] filed a lawsuit Oct. 18 [...]

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Via Fox Sports  |  October 26, 2011
Hall of Famer Julius Erving has opted to part ways with multiple pieces of memorabilia earned during his remarkable basketball career, the Philadelphia Daily News reported Wednesday. The hardcourt legend, known round the world as Doctor J, has decided to put several pieces of his personal collection on the bidding table this fall through SCP Auctions. Among the prized items Erving...

Dr. J Selling His Championship Rings. Possibly Related: Dr. J Sued For Defaulting On A Loan

Via Deadspin  |  October 26, 2011
For the Julius Erving completist, there's some neat stuff available at auction later this week. Besides his NBA and two ABA championship rings, there's also his class rings from high school and college. Or maybe his gameworn Pythons uniform from The Fish That Saved Pittsburgh. Or the watch he received for winning the Sporting News ABA Player...

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Via Yahoo! Sports  |  October 26, 2011
Julius Erving has denied an upcoming auction of his personal basketball memorabilia collection is tied to a lawsuit filed against him by a Georgia bank. Known on the hardwood as Dr. J, Erving tells The Associated Press on Wednesday he's never been a "hoarder or collector," and plans to donate a portion of the auction proceeds to the Salvation Army.

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Via Online Sports Guys  |  October 26, 2011
Dr.J in his prime((ht: ajc.com))It appears that NBA legend Julius Erving may have some financial issues.Dr. J his own self is being sued by an Atlanta area bank for not paying off the $200,000-plus that he owes on a loan with the bank.Erving moved to the Atlanta area a few years ago and has a house in Gwinnett County. He bought a golf club near the town of Tucker around the same...

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Dr. J denies memorabilia auction tied to lawsuit

Via Washington Times  |  October 27, 2011
PHILADELPHIA (AP) - Julius Erving has denied an upcoming auction of his personal basketball memorabilia collection is tied to a lawsuit filed against him by a Georgia bank.Known on the hardwood as Dr. J, Erving tells The Associated Press on Wednesday he's never been a "hoarder or collector," and plans ...

Much of Dr. J’s personal memorabilia up for auction

Via Pro Basketball Talk  |  October 25, 2011
Does it make anyone else sad when a famed pro athlete auctions off a lot of his memorabilia? Julius Erving — who you remember best as Dr. J. doing a scoop shot in the finals for the Sixers — is doing just that, according to the Atlanta Journal Consitition (via Ball Don’t Lie). The majority…

Dr. J denies memorabilia auction related to suit

Via ESPN  |  October 26, 2011
Julius Erving has denied an upcoming auction of his personal basketball memorabilia collection is tied to a lawsuit filed against him by a Georgia bank.

Memorabilia auction nets $3.5 million

Via AP on Fox  |  October 27, 2011
Dr. J has scored big again. SCP Auctions says more than 140 items from Julius Erving's personal collection sold for a record $3.5 million. The auction ran from October until Sunday. Among the highlights: His 1974 New Jersey Nets ABA championship ring sold for $460,471; 1983 76ers championship rings sold for $244,240; 1983 All-Star game MVP trophy ($115,242); final game worn...
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