Damn Spree!

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Its getting bad for Latrell these days. My man who has made close to $100m in salary during his years in the league is in some serious financial problems possibly:

Former NBA star Latrell Sprewell’s home is up for foreclosure and his yacht sold at auction to help pay off the $1.3 million he owes on the boat, according to court filings.Sprewell, who once turned down a three-year,$21 million contract extension saying, “I’ve got my family to feed,” has apparently fallen on tough times.RBS Citizens NA, or Citizens Bank, filed a foreclosure suit last week in Milwaukee County for the $405,000 home Sprewell bought in the Milwaukee suburb of River Hills in 1994.In court documents, the bank said Sprewell owed $295,138 in outstanding payments plus interest. Sprewell failed to make his mortgage payments of $2,593 per month from September 2007 to January 2008, the documents said. Source USA Today

Man, its too bad, he was one of my favorites back in the day too. Here is a throwback to better times for Spree

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  1. April 5, 2008 at 1:35 am

    If I was making millions a year, I would be investing it. It is a real shame that so many players have little to no financial knowledge and are risking ending up broke.

    If only they knew how to manage their money and invest it to make even more money.

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