From here: http://www.foxnews.com/story/0,2933,356470,00.html
Highlights:
Pace rode a bus to Seattle in 2002 on impulse after wandering aimlessly through his hometown of New Brunswick, N.J., and Baltimore, Charlotte and Atlanta for a decade, unable to thrive without basketball.
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The pros became enamored with Pace after he led Baltimore-based Coppin State to the 1976 NAIA championship and was named most valuable player, supplying 43 points, 12 rebounds and six blocked shots in a 96-91 title-game victory over Henderson State (Ark.).
"He was a very explosive, athletic player," said former Sonics center James Donaldson. "He could jump all day."
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Impatient with his NBA progress — and unwittingly leaving himself one season shy of a receiving a pension — Pace took his game overseas. He got a good look at the rest of the world over the next 12 years. He played in Italy, Venezuela, Mexico, Panama, England, the Philippines and Argentina.
He was married twice, fathering a child each with American and Argentine spouses.
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He became homeless after injuries and a haze of drugs and alcohol.
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"I stayed in bed for eight months."
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"My wife said she wasn't going to stay married to a cripple who couldn't play basketball anymore," he said. "We had to close the store and there was no money. Her family was saying, 'Why don't you get rid of that bum?"'
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He started abusing alcohol and drugs, and eventually was forced to go through rehabilitation. He sold his NBA championship ring for $1,000 to a Baltimore pawnshop, his biggest regret. He started bouncing from city to city.
He's still living on the edge in Seattle. He receives a monthly $600 permanent disability check. He has $2 in a bank account. His name is on a long waiting list for subsidized housing.
"He's my baby," said Selina Daniels, a Family and Adult Service Center administrator. "My job is to try and help him obtain permanent housing. He's trying to do something but it's hard. You just can't take life for granted. We're all one paycheck from being homeless."
In recent weeks, the NBA Retired Players Association has publicized Pace's dire situation to its members, collecting clothing, toiletries and other nonperishable donations for him.