YACHT WHERE SPREE GOT MOST OF HIS WOMAN CHOKING DONE GETS SOLD, HOME MIGHT BE REPOSSESSED
Yes, the man that turned down million dollar paychecks to instead smack his girlfriend around in front of his kids for no paycheck appears to be hitting rock bottom. Latrell Sprewell, once one of the most exciting players in the NBA, is now a one of the thousands of homeowners getting hammered by bad mortgages and stupid investments. Sprewell's boat, "Milwaukee's Best", was seized this summer and has been sold for almost $500,000 less than was initially paid for it. Ouch. What's worse, Spree still needs some cash to pay off his house- for which he hasn't made a payment since last fall. Ouch again.
We have all mocked Spree for turning down millions because it was beneath him and he wanted more. He paraded his children in front of the media and said that they needed to eat. We all knew he was an idiot for turning down the money to cruise around in an uninsured yacht with a terrible name and get sued for $200 million by his common law wife... but nobody thought Spree would fall apart like this! In his 13-year NBA career, Basketball-Reference.com estimates Spree made close to $96 million dollars- and that's without that fat extension he turned down from the T-Wolves. Unbelievable.
Gilbert Arenas doesn't get enough credit for criticizing players for turning down millions of dollars (Andre Iguodala, Ben Gordon, Luol Deng, Emeka Okafor, etc). People complained that he was out of line to call people out like that. Then, you see Latrell trying to scrap money together to pay his $2,500/mo mortgage. NBA players- Gilbert gave excellent advice. You don't turn down guaranteed millions of dollars when there are no bigger offers on the table! What if you blow out your knee!? What if you get sued for $200 million!? Spree is a perfect example as to why those players should have taken the guaranteed money and been happy with it. Spree is also a great example of how NBA players are incredibly poorly prepared for life after basketball. Spree was playing four years ago, and now he's broke.
I believe the most scandalous story not being commented on nearly enough is the "60 Percent of NBA Players are Broke After 5 Years" story. This is the league that won't let seniors in high school join the draft because the league supposedly has their best interest in mind. This is the league that requires players to dress as if they are attending board meetings on the sidelines. What a load of crap.
Clearly the NBA has failed miserably at preparing players for life after basketball. If you have a couple million dollars in the bank, most people can live off the interest! This is just another great example of David Stern polishing the league's image while it rots on the inside. It's a shame, really... or it would be if this happened to someone that was less of a coach-stranging, woman-slapping psychopath. (Somehow, I don't see this happening to good dudes with sensible contracts like Perk, dorks with bad haircuts like Jason Kapono, or players that don't even own a friggin' car and argues with Subway employees over their prices like Matt Bonner.) Perhaps someone so clearly unstable like Sprewell is a bad example to use. Whatever. I don't shed a tear for Spree, although it's depressing that he has been spreading his seed like a farmer on planting day and has kids all over town. Anyway, here's a video that should serve to illustrate my point... how the mighty have fallen! Great quote Spree...
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