Scottie Pippen Lost Big When He Had to Sell the Mansion He Bought for $4 Million

Scottie Pippen gave opposing teams plenty of problems during his playing days, but the Chicago Bulls legend has had his own issues in retirement.

Pippen made a ton of money as an active player, especially after leaving Michael Jordan and the Bulls behind. When Pippen called it quits, he soon had numerous financial problems to overcome.

Among those issues was Pippen’s Portland mansion, a beautiful home that he later lost a ton of money on when he sold it.

Scottie Pippen is a beloved Chicago Bulls legend

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Scottie Pippen wasn’t Michael Jordan, but he didn’t have to be while with the Chicago Bulls.

Across 1,178 games and 1,053 starts in 17 NBA seasons, Pippen averaged 16.1 points, 6.4 rebounds, 5.2 assists, and two steals per night. Pippen shot 47.3% from the field and hit 32.6% of his three-point shots.

A seven-time All-Star, Pippen appeared on another seven All-NBA teams and 10 All-Defensive teams.

Pippen played 12 of his 17 campaigns with the Bulls, and won all six of his NBA championship rings there. After one season in Houston alongside Charles Barkley, Pippen spent 1999-2003 with the Trail Blazers.

Pippen returned to Chicago for the 2003-04 campaign.

Scottie Pippen has had financial problems over the years

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ESPN’s The Last Dance focused heavily on Scottie Pippen’s contracts with the Chicago Bulls, and how little he made compared to the rest of his teammates.

According to Basketball-Reference, Pippen made nearly $110 million across his 17 seasons. But like so many other professional athletes, that didn’t guarantee he went without financial issues in retirement.

Pippen made bad financial decisions — CNBC estimated that he lost $27 million in the 2000s — and later owed $5 million to a bank because of a dispute he had with a jet company.

At one point, Pippen earned nearly $80,000 in government checks from his farm. 

Pippen lost over $1 million when he sold his Portland mansion

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Scottie Pippen’s financial problems can best be described with what happened when he sold his mansion.

According to bergproperties.com, Pippen sold his Portland mansion in June 2007 for $2.95 million. The mansion boasts six bedrooms, seven and a half baths, a pool, a hot tub, and a gate. 

Here’s where things got rough for Pippen and his wife. The two bought the house in 2000 for roughly $4 million, when Pippen was still an active player and making a great deal of money.

Pippen reportedly listed the mansion for $3.99 million in 2005, then reduced it to $3.2 million. The Pippen family took a tremendous loss when they finally offloaded the house. 

Chicago Bulls legend Scottie Pippen has famously had financial problems over the years. Pippen lost over $1 million when he sold his Portland mansion. | Allen Berezovsky/Getty Images

Pippen, who spends plenty of time in Los Angeles as an ESPN analyst, later bought a farm in Arkansas.

Don’t ever accuse Scottie Pippen of being bankrupt, though. According to ABC News, Pippen sued various media outlets in 2011 for accusing him of declaring bankruptcy.

A federal appeals court dismissed Pippen’s lawsuit in August 2013.

All stats and contract figures courtesy of Basketball-Reference.