Antoine Walker, Morgan Stanley and Bart Scott offering young athletes financial advice

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Antoine Walker filed for bankruptcy two years after he retired from NBA
Walker, 38, blew his money on gambling, bad investments and the high life
He was forced to un-retire and played ball in Puerto Rico and minor league
Ex-champ sold his championship ring and now works as NBA analyst
Also advises athletes for Morgan Stanley Global Sports & Entertainment
Said most important thing is to think about the future and learn to say 'No'

Published: 23:29 EST, 25 July 2015 | Updated: 23:40 EST, 25 July 2015

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When he was at the height of his game playing for the Boston Celtics in the NBA, former All Star Antoine Walker would do his patented 'Walker Wiggle' after making a three-pointer from downtown.

After earning more than $108million during his 13-year career, Walker was wiggling from creditors when he filed for Chapter 7 bankruptcy in 2010 two years after his retirement from pro basketball.

Now the two-year University of Kentucky star has teamed up with ex-NFL linebacker Bart Scott and Morgan Stanley Global Sports & Entertainment to advise young athletes about the pitfalls of fame.

Former All Star Antoine Walker went bankrupt after earning more than $108million during his 13-year career

Walker filed for Chapter 7 bankruptcy in 2010 just two years after his retirement from pro basketball

Things got so bad for the All Star that he played for the Idaho Stampede in the NBA's Developmental League

Things got so bad for the three-time All Star and 2006 NBA champion that he resorted to playing for the Guaynabo Mets in Puerto Rico and the Idaho Stampede in the NBA's Developmental League.

The Boston Celtics picked Walker sixth overall

The 38-year-old, who lost his fortune through gambling, a series of ill-advised Chicago real estate investments and 14 years of living the high life with his friends and family, retired for the second time in 2012 and saw his financial struggles highlighted in the ESPN 30 for 30 documentary, Broke.

Walker, who sold his championship ring but regained his financial footing by working as an NBA analyst at 120 Sports in Chicago, blamed the recession as one of the main causes of his struggles, CNNMoney reported.

He said: 'I thought I was set for the rest of my life.

'My story is sad.

'It's sad to see other guys work so hard throughout their life - and then they just lose it in two or three years.

'I created a very expensive lifestyle. That's how you lose your wealth real bad at the beginning.

'It ended up being an open ATM throughout my career.'

The former sixth overall pick, who declared $12.7million in debts during his 2010 bankruptcy filing, learned a lot during his fall from grace and is hoping to stop others from making the same mistakes.

Walker (left) has teamed up with ex-NFL linebacker Bart Scott (right) to advise young athletes about money

Walker was once engaged to Evelyn Lozada (right) who is now featured on the reality series Basketball Wives

Walker sold his championship ring (right) but regained his financial footing by working as an NBA analyst

As part of the outreach program with Scott and Morgan Stanley, Walker has already spoken to athletes at Boston College and NFL players for the Seattle Seahawks and Jacksonville Jaguars.

Walker, who said many players simply wanted advice about how to say 'No' to needy family members, is not a Morgan Stanley employee but he is a consultant, according to the Sports Business Journal.

He said his role is 'keeping it real and putting my story out there: My trials and tribulations'.

In addition to using the magic two-letter word he discussed with the Seahawks, Jags and BC Eagles, Walker said the most important thing young athletes can do is think about the future.

Walker said: 'You can still enjoy your life to the fullest, but let's preserve some of that wealth for your kids - and for their kids.'

Morgan Stanley Global Sports & Entertainment hired Scott and Walker to 'provide insight to clients and financial advisors based on their first-hand experience with the financial opportunities and challenges encountered by professional athletes', according to a release.