« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

CBS to Scottie Pippen:

You Can't Sue Us ...

You ADMITTED You Were Broke!

3/20/2012 12:10 AM PDT BY TMZ STAFF

Scottie Pippen has ADMITTED he was a walking financial disasterScottie Pippen has ADMITTED he was a walking financial disaster ... and has NO right to sue over reports that he was dead broke ... this according to new legal docs obtained by TMZ.

We broke the story ... Pippen smacked CBS, NBC, Arizona State University and others with a lawsuit last year ... claiming they all published stories that unfairly labelled him as a bankrupt ex-jock. Pippen wanted at least $1 MILLION from each outlet.

Now, CBS and NBC have filed new docs asking the judge to throw out the case ... claiming they felt comfortable publishing their stories because for years Pippen "was the focus of a steady drum beat of press coverage recounting his ongoing and, by his own account, increasingly dire financial circumstances."

In fact, the media outlets claim the former NBA star was quoted in a 2004 article about athletes with money problems ... saying, "You can wake up one day, and someone can decide to take everything you have."

NBC and CBS are adamant ... there was no malicious intent in reporting the bankruptcy stories ... and therefore they shouldn't have to pay Pippen a single cent.

Now, it's up to the judge to decide if the case should go forward. Stay tuned ...

For more sports stories, check out tmzsports.com!
17 COMMENTS

No Avatar
1.

TMZISAPIECEOFSHIT    

I have nothing to say I just wanted to be first...So I am!

863 days ago
2.

coco    

Maybe he could get a loan from Dennis Rodman or Michael Vick.

863 days ago
3.

Jackie    

Anyone who's ever seen Real Housewives of Miami would know what a stuck up, selfish, egotistical BITCH his wife is. How much you want to bet SHE'S a MAJOR reason why they're going broke because of their constant "keeping up appearances". I do recall his wife Larsa bragging about how rich they were, how all her clothes are from top designers ...just being a snob rubbing it in others faces how great of a life she had........HAHAHAHAHAHAHA

863 days ago
4.

Jody    

The one statement they quoted was pretty general. He didn't indicate he was talking about himself.

863 days ago
5.

RaineeDrops    

Didn't his wife admit to managing their money?

Sue her if she over spent it.

863 days ago
6.

Truth    

DAYUUUUMMM... ALWAYS WONDERED WHAT HAPPENED TO SCOTTIE PIPPEN. LAST I HEARD DUDE WAS WORTH LIKE $40-50 MIL. MAYBE HE SHOULD LEARN TO READ. WHEN GOING TO A BANK THERE'S WHAT YOU CALL A "SAVINGS ACCOUNT" AND THE OTHER ONE TO STAY AWAY FROM IS CALLED THE "LOAN ACCOUNT". #TRUTH!!

862 days ago
7.

Keyser Söze    

"You can wake up one day, and someone can decide to take everything you have."

Yeah... that's hardly an admission that you have no more money.

862 days ago
8.

Superman    

That quoted text from the 2004 article is not admitting that HE was broke!

862 days ago
9.

tenley    

They're news outlets -- the word "bankrupt" has a legal meaning. If they reported he's bankrupt as in financially bankrupt, and he's never filed for bankruptcy, then there's definitely a case here.

862 days ago
10.

karlew    

Did he file for bankrupcy? Did the defendants actually use the term bankrupt? There's a huge difference between being broke and being bankrupt. Bankrupcy means you cannot pay your debts. Being broke may just mean you have no money left in your pocket after paying your debts. The whole issue speaks to character.

862 days ago
11.

good as gold    

If you don't file for bankruptcy protection then how can you be bankrupt from a legal standpoint? CBS, NBC, and ASU damaged his reputation publicly and when you damage someone's reputation you owe CA$H. Instead of lawyering up the big 3 need to pay up.

862 days ago
12.

Big D    

How hell can he be broke? According to basketball-reference.com he made almost 110 million dollars during his career. That's just salary, add on top of that endorsements and bonuses. If he is broke then it's his own damn fault and nobody else's.

862 days ago
13.

john wayne gacy    


where is michael
jordan with an assist ?

MJ can only take the ball from
pippen, but not help a playa out ?

862 days ago
14.

Oregongal    

I had no idea his wife was on real housewives of Miami! I'll have to watch it. When he lived in West Linn, Oregon he was supporting the whole damn family. After one Christmas I was in the local Postal store and I saw his father and brother mailing back a Gucci fur jacket back that Scottie's wife didn't want. I admired the coat and wondered what woman in her right mind would send back a gift like that from her husband. Then I wondered why the hell she was dressing so posh to live in Oregon. All the rich gals in West Linn/Lake Oswego, Oregon dress normally and wouldn't be seen looking "new money".

862 days ago
15.

kris    

I live in West Linn, Or and I bet I know his money manager....he's made a lot of athletes broke. Poor Scottie.

862 days ago
| 1 | 2 | Most Recent | Next 15 Comments

Around The Web