SCHAUMBURG, Ill. — When is a penny worth $1.15 million? When it is a rare experimental penny minted in 1792.
The unusual coin was auctioned off Thursday at the Renaissance Schaumburg Convention Center in suburban Chicago.
Officials with Heritage Auctions say Kevin Lipton of Beverly Hills, Calif., bought the penny on behalf of a group of unnamed investors. The winning bid was $1 million, but the investors also must pay the auction house’s 15 percent commission. Read More
Michael Jordan’s longtime personal residence in suburban Chicago is for sale.
The sprawling estate is in Highland Park, along Lake Michigan, and has more than 56,000 square feet of living space and is on sale for $29 million..
ORLANDO, Fla. — Chicago Bulls point guard Derrick Rose signed a new deal with adidas Friday that should keep him in the company’s brand for the rest of his career.
“It’s a blessing, man,” Rose said before Saturday morning’s All-Star practice. “Definitely a blessing. They’ve been with me, they stuck with me from the beginning and I’m happy that I’m a part of them for the rest of my life.”
Comcast Sportsnet initially reported the story early Saturday morning, saying that according to a source, Rose’s new deal was for 14 years and $250 million. Rose has been with adidas since he entered the league and has become a major face of the company.
“It’s great, man,” Rose said. “We’ve been trying to get it out of the way for a long time. I just remember them bringing it up to me and I couldn’t really think about the amount. I’m just blessed and feel grateful right now.”
Rose has remained loyal to the company and he clearly appreciates the fact that adidas has been loyal to him.
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source: Life+Times
With Michael Jordan’s dominance throughout the ’90s providing a spark, the basketball culture in Chicago has recently dominated that of other sports in the city, one where the Cubs and Bears also call home. Chicago has also come to rival and in some regards, surpass, other basketball capitals such as N.Y.C. and L.A. in producing local talent the likes of Dwayne Wade and Derrick Rose, the latter of which now leads a young, resurgent Bulls squad. Here, in our first documentary, Life+Times follows a select crop of the city’s youngsters—high school sophomores Tyquone Greer, Jahlil Okafor, and Paul White—with the potential to carry on in the city’s rich legacy.
Also featuring famed NBA trainer Tim Grover, Chicago basketball scout Daniel Poneman, and Oak Park product and New York Knicks’ 2011 first-round draft pick, Iman Shumpert.
GWOP MAGAZINE 