Miami Heat Bought Tim Hardaway's Home To Keep Him Out of Tax Trouble
Former Miami Heat star Tim Hardaway made close to $50 million during his NBA career, but apparently that wasn't enough to keep him out of tax troubles. After a lien was placed on his house by the IRS for a $120,000 tax debt, the Miami Heat bought the mansion, according to the Detroit News. Meanwhile, Hardaway is still living in it.
Miami Heat Limited Partnership bought the house on September 3rd, about three months after the lien was ordered. The team paid $1.985 million for the house, and is trying to sell it now for $2.5 million.
The property features five bedrooms, five and a half baths, a pool, and a basketball court appropriately emblazoned with the Heat's logo. Apparently Hardaway is still living in the property, and refuses to say why the team bought it.
"I can't say," Hardaway told the Detroit News. "I just don't want to say."
Though, he claims that otherwise he's doing just fine financially.
Hardaway played for the Heat during the prime of his career between 1996 and 2001. He now works in the team's front office as a Community and Corporate Liaison.
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