Lamar Odom Sued by American Express for Credit Card Debt

Recently, former NBA player Lamar Odom was sued by American Express for failing to pay his credit card bill. Reports say that Odom owes American Express more than $79,000 in overdue payments. This news has been shocking considering that Odom has publicly stated on numerous occasions that he’s turned his life around and is living a much healthier lifestyle than in his past.

Odom’s Financial Struggles

Glancing through Odom’s financial history, it appears as though the former athlete has had a difficult time managing his finances. Odom was a pro athlete for 14 seasons, yet continues to struggle with money. He has been hit with numerous tax liens and still faces challenges paying off his debt. This recent lawsuit from American Express is just one of the challenges that Odom is forced to face.

Big 3 Basketball Salaries

More recently, Odom took a position in Ice Cube’s Big 3 basketball league. However, despite being a part of the organization, Odom was not making the kind of money he was used to. Reports show that he was only making around $42,000 per season of Big 3 Basketball. This number is drastically lower than the yearly salaries of his glory days in the NBA, estimated at around $80 million over the course of 14 seasons.

The Big 3 Basketball League

The Big 3 Basketball League was founded in 2017 as a way to give players who used to play in the NBA a chance to show off their skills one more time. The league brings teams of three-on-three basketball to arenas across the United States and gives the players a chance to earn a decent amount of money. Each player earn approximately $42,000 per season.

The Big 3 Basketball League has been successful for many former NBA players, offering them a way to stay connected to the sport and make some money at the same time. Lamar Odom was one of the first players to join the league, but unfortunately it has not been enough to help him pay off his debt.

FAQs

What is the Big 3 Basketball League?

The Big 3 Basketball League is a three-on-three basketball league founded in 2017 that offers former NBA players a chance to show off their skills and make some money. Players earn around $42,000 per season.

Why is Lamar Odom being sued by American Express?

Lamar Odom is being sued by American Express because he has failed to pay his credit card bill. Reports say that Odom owes the company more than $79,000 in overdue payments.

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