badrogue17 wrote:
Sprewell was right, he couldnt afford to feed his family on the 10 mil a year, didnt he go bankrupt recently or is having money problems in general?
I checked on Wikipedia and badrogue17 you are right, Sprewell is having some money problems.
On August 22, 2007, it was reported by multiple news agencies that Latrell Sprewell's yacht was repossessed by federal marshals after Sprewell failed to maintain payments and insurance for the vessel, for which he reportedly still owed approximately $1.3 million. In addition, while piloted by Sprewell, the yacht was run ashore near Atwater Beach, just north of Milwaukee. Sprewell refused to contract with a professional salvage firm to remove the yacht. The yacht was eventually freed with the help of a local fishing vessel.
In February 2008, Sprewell's yacht was auctioned for $856,000 after he defaulted on a $1.5 million mortgage, and in May 2008 a Milwaukee area home owned by Sprewell went into foreclosure status. Between September 2007 and January 2008, documents revealed that Sprewell failed to make his mortgage payments of $2,593 per month. In July 2009 a Westchester mansion owned by Sprewell went into foreclosure status. That action was dismissed on motion of another party's attorney, Roger K. Marion.