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sad very sad
Latrell Sprewell Home Foreclosed vol...HAHAHAHA
- Thread in 'Sports & Training' Thread starter Started by goodfellaz86,
- Start date
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"The holder of the mortgage, RBS Citizens Bank, told Milwaukee County Circuit Court Judge David Hansher that Sprewell owes $320,284. According to RiverHills records, the house is assessed at $610,000 and has an estimated fair market value of $667,980. Spreewell bought the house in 1994 for $405,000."
These numbers make like no sense...he must have barely paid any of that mortgage over the 14 years.
These numbers make like no sense...he must have barely paid any of that mortgage over the 14 years.
Hijo Del Promo
formerly xxhu5sl1npnoyxx
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i guess he was telling hte truth that he needed more money to feed his fam... i bet he probably gambles alot
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^that what I was thinking when i first read that. I'm not too sure if he is broke though. Since he's been in the league for so long, he could claim theNBA pension plan. No way he can be broke.
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dude is a complete loser. sigh
- 11,773
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btw peep this articlke from ESPN
Updated: April 23, 2008
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Latrell Sprewell's suburban Milwaukee home was foreclosed on Monday in what is just the latest financial setback for the former NBA star.
His yacht has been repossessed.
He owes more than $72,000 in unpaid taxes.
[+] Enlarge
Latrell Sprewell
AP Photo/Ann Heisenfelt
Latrell Sprewell has more reasons than ever to grimace these days.
And his company, Sprewell Motorsports, hasn't paid its credit card bills since September.
In an attempt to help the embattled strangler, I would like to offer Mr. Sprewell these 10 tips for recovering his financial freedom. (If this were four yearsago and that contract offer from the Timberwolves were still on the table, I would have had only one tip -- "accept it" -- but now things are a bitmore complicated.)
1. Dig up that disrespectful contract offer
You remember -- the one in which the Timberwolves offered you $21 million for three years? The one you turned down, never to play in the NBA again? Yeah, thatone. Find it. Find as many copies as you can. Yes, the very contract you found insulting is now important to your survival. You must burn its pages to keepwarm during those cold Wisconsin nights.
2. Make use of your old basketball shoes
You once had a lucrative shoe contract with Converse. Lucky for you, they were modern leather sneakers and not the old canvas Chuck Taylors. Why is that lucky?Because leather provides far more nutrition when eaten than does canvas.
Try this Leather Shoe Soup recipe:
1 part leather shoe (remove the rubber sole and set aside)
3 cups water (if water is too expensive, simply capture all the sweat you produce when creditors call)
A dash of salt (dried flop sweat works)
Boil until the leather is tender like a soft neck. Use the sole as a ladle.
3. Strangle wild game
It is not possible to survive on Leather Shoe Soup alone. Thankfully, you have an applicable life skill other than basketball: strangling! But considering youwere unable to kill large game like P.J. Carlesimo, avoid targeting deer, bears and the like. Focus your energies on small creatures such as squirrels andrabbits. You will find their throats easily crushed. Be sure to eat them quickly, however. If they spoil and you get sick, you will not be able to afford yourmedical bills.
[+] Enlarge
Latrell Sprewell
Rocky Widner/NBAE/Getty Images
Hmmm. Maybe I could've fed my family on $21 million after all.
4. Embrace being a cautionary tale
You are the athlete poster child for poor financial decision-making. Go with it. Speak to NBA teams and young athletes in every sport about how they need toset money aside for the future. Have them set the money aside. Then grab it and run.
5. Ask old teammates for help
Your career spanned 13 years and three franchises. You played with some great players. And many of those players -- guys like Chris Webber and Allan Houston --managed their money well and could give you advice. Or just follow ex-Knicks teammate Patrick Ewing around and pick up all the singles he drops.
6. Seek re-employment in the league
You are broke. You haven't played in three years. And you'll turn 38 this year. It might be time to swallow your pride and take whatever some NBA teamoffers. Isiah Thomas is no longer around to offer you twice what Minnesota did four years ago. But there are still many general managers in the NBA who arenearly as incompetent at their jobs as you are at managing your finances. Seek them out.
7. Hire Keith Van Horn's agent
Some people have figured out how to make millions of dollars while not playing in the NBA.
8. Think back on the good old days
It's not all bad. You still have your health. And you have many great memories from your career to distract you from the gnawing hunger pains. Rememberwhen you led the Knicks to the 1999 NBA Finals? Remember making your first All-Star Game in 1994? Remember going off on Carlesimo when he asked you to"put a little mustard" on a pass? Mmmmm … mustard.
9. Buy Milwaukee's Best
No, not the 70-foot, $1.5 million Italian yacht you named Milwaukee's Best that was repossessed last year. The beer. It's really, really, really,really cheap. And if you drink enough of it, you might briefly forget the situation you are in.
10. Feed your family
Remember: Their health and wellness is the most important thing. So whatever food you do have should go to them. That way, they'll stay plump and juicy foryou to eat if things get worse.
Updated: April 23, 2008
* Comment
Latrell Sprewell's suburban Milwaukee home was foreclosed on Monday in what is just the latest financial setback for the former NBA star.
His yacht has been repossessed.
He owes more than $72,000 in unpaid taxes.
[+] Enlarge
Latrell Sprewell
AP Photo/Ann Heisenfelt
Latrell Sprewell has more reasons than ever to grimace these days.
And his company, Sprewell Motorsports, hasn't paid its credit card bills since September.
In an attempt to help the embattled strangler, I would like to offer Mr. Sprewell these 10 tips for recovering his financial freedom. (If this were four yearsago and that contract offer from the Timberwolves were still on the table, I would have had only one tip -- "accept it" -- but now things are a bitmore complicated.)
1. Dig up that disrespectful contract offer
You remember -- the one in which the Timberwolves offered you $21 million for three years? The one you turned down, never to play in the NBA again? Yeah, thatone. Find it. Find as many copies as you can. Yes, the very contract you found insulting is now important to your survival. You must burn its pages to keepwarm during those cold Wisconsin nights.
2. Make use of your old basketball shoes
You once had a lucrative shoe contract with Converse. Lucky for you, they were modern leather sneakers and not the old canvas Chuck Taylors. Why is that lucky?Because leather provides far more nutrition when eaten than does canvas.
Try this Leather Shoe Soup recipe:
1 part leather shoe (remove the rubber sole and set aside)
3 cups water (if water is too expensive, simply capture all the sweat you produce when creditors call)
A dash of salt (dried flop sweat works)
Boil until the leather is tender like a soft neck. Use the sole as a ladle.
3. Strangle wild game
It is not possible to survive on Leather Shoe Soup alone. Thankfully, you have an applicable life skill other than basketball: strangling! But considering youwere unable to kill large game like P.J. Carlesimo, avoid targeting deer, bears and the like. Focus your energies on small creatures such as squirrels andrabbits. You will find their throats easily crushed. Be sure to eat them quickly, however. If they spoil and you get sick, you will not be able to afford yourmedical bills.
[+] Enlarge
Latrell Sprewell
Rocky Widner/NBAE/Getty Images
Hmmm. Maybe I could've fed my family on $21 million after all.
4. Embrace being a cautionary tale
You are the athlete poster child for poor financial decision-making. Go with it. Speak to NBA teams and young athletes in every sport about how they need toset money aside for the future. Have them set the money aside. Then grab it and run.
5. Ask old teammates for help
Your career spanned 13 years and three franchises. You played with some great players. And many of those players -- guys like Chris Webber and Allan Houston --managed their money well and could give you advice. Or just follow ex-Knicks teammate Patrick Ewing around and pick up all the singles he drops.
6. Seek re-employment in the league
You are broke. You haven't played in three years. And you'll turn 38 this year. It might be time to swallow your pride and take whatever some NBA teamoffers. Isiah Thomas is no longer around to offer you twice what Minnesota did four years ago. But there are still many general managers in the NBA who arenearly as incompetent at their jobs as you are at managing your finances. Seek them out.
7. Hire Keith Van Horn's agent
Some people have figured out how to make millions of dollars while not playing in the NBA.
8. Think back on the good old days
It's not all bad. You still have your health. And you have many great memories from your career to distract you from the gnawing hunger pains. Rememberwhen you led the Knicks to the 1999 NBA Finals? Remember making your first All-Star Game in 1994? Remember going off on Carlesimo when he asked you to"put a little mustard" on a pass? Mmmmm … mustard.
9. Buy Milwaukee's Best
No, not the 70-foot, $1.5 million Italian yacht you named Milwaukee's Best that was repossessed last year. The beer. It's really, really, really,really cheap. And if you drink enough of it, you might briefly forget the situation you are in.
10. Feed your family
Remember: Their health and wellness is the most important thing. So whatever food you do have should go to them. That way, they'll stay plump and juicy foryou to eat if things get worse.
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- Dec 7, 2004
that very hard to do for some ppl. but yes true said.
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- Mar 22, 2008
Damn, some people just don't know how to manage their money.
- 13,094
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xtapolapacetl
Banned
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How do you know how broke he is? Maybe he has some other houses aswell.. Eitherway, I don't think that a player that was as great as Spree (all-NBA 1stteamer & 4 time all-star) will have any serious problems finding a job in basketball.. Even with the choking incident. I mean, if teams are all over MarkJackson, then Spree deserves a chance too.
rudygay22uconn
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exactly my thoughts.
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- Feb 28, 2003
- 6,219
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- Jan 22, 2004
my dude
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- May 5, 2006
he needs money management skills.
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- Jun 10, 2004
^ that article....ouch.
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- Jan 19, 2007
Somewhere in Seattle, PJ Carlesimo is laughing....
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P.J. is FOTFL all over the place. Damn, my dude made 100 mill playing ball.
- 11,773
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speaking of making crazy money, peep Shaq's pay. Got Damn.
Season Team Lg Salary
1992-93 Orlando Magic NBA $3,000,000
1993-94 Orlando Magic NBA $3,900,000
1994-95 Orlando Magic NBA $4,800,000
1995-96 Orlando Magic NBA $5,700,000
1996-97 Los Angeles Lakers NBA $10,714,000
1997-98 Los Angeles Lakers NBA $12,857,143
1998-99 Los Angeles Lakers NBA $15,000,000
1999-00 Los Angeles Lakers NBA $17,142,858
2000-01 Los Angeles Lakers NBA $19,285,715
2001-02 Los Angeles Lakers NBA $21,428,572
2002-03 Los Angeles Lakers NBA $23,571,429
2003-04 Los Angeles Lakers NBA $26,517,858
2004-05 Miami Heat NBA $27,696,430
2005-06 Miami Heat NBA $20,000,000
2006-07 Miami Heat NBA $20,000,000
2007-08 Total NBA $20,000,000
Career (may be incomplete) $251,614,005
Season Team Lg Salary
1992-93 Orlando Magic NBA $3,000,000
1993-94 Orlando Magic NBA $3,900,000
1994-95 Orlando Magic NBA $4,800,000
1995-96 Orlando Magic NBA $5,700,000
1996-97 Los Angeles Lakers NBA $10,714,000
1997-98 Los Angeles Lakers NBA $12,857,143
1998-99 Los Angeles Lakers NBA $15,000,000
1999-00 Los Angeles Lakers NBA $17,142,858
2000-01 Los Angeles Lakers NBA $19,285,715
2001-02 Los Angeles Lakers NBA $21,428,572
2002-03 Los Angeles Lakers NBA $23,571,429
2003-04 Los Angeles Lakers NBA $26,517,858
2004-05 Miami Heat NBA $27,696,430
2005-06 Miami Heat NBA $20,000,000
2006-07 Miami Heat NBA $20,000,000
2007-08 Total NBA $20,000,000
Career (may be incomplete) $251,614,005
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- Jun 15, 2006
imagine lebron's in 15 years if he stays healthy.
not to mention contracts with nike, gatorade, vitamin water, bubblicious etc.
