Marvin Bagley Jr. and his wife filed for Chapter 7 bankruptcy in April 2008, during the Great Recession, listing their combined annual income at just over $44,000. Property records indicate the Bagley home was sold in 2011 at a trustee’s sale — typically a sign of a foreclosure.
Four years later, shortly after Nike’s sponsorship of the team became public, they left their working-class neighborhood in Phoenix for Southern California. In a tax filing, the Bagleys listed a home address in a gated subdivision in Northridge called Porter Ranch. Similarly sized homes in the vicinity typically sell for $750,000 to $1.5 million, said Jose Contreras, a Coldwell Banker real estate broker active in the area. Rents in the neighborhood range from $2,500 to $7,500 a month.