Latrell's kids must be really hungry.
MILWAUKEE -- 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.
I guess the sub-prime mortgage problem is worse then we thought. For a guy who made millions playing in the NBA, times are tough. For a house that was only 400,000 you'd think he could have made some big payments with the money he was making and have it all payed off. I guess it shows the flaw at it's core.
I wonder which team needs his services the most for a playoff run. Labron always needs help, and as benny was saying, it's close to miluakee. Maybe even Houston, although the Wizards could use some help with Caron out and Gilbert on his way back in less then a month.
This NBA season is becoming quite fun. I would like to thank Steve Kerr, Mitch Kupchak, Chris Wallace, and Pat Riley for helping February not suck as bad as it usually does.
I never talked much about either of the big trades when they happened so I will take this opportunity to.
Shaq for the Matrix*
When I first heard about this I was dumbfounded, which was the case with many of the people I talked to. I first called my brother who lives in Phoenix to see what he thought of the deal. Just like me he had just heard about it but didn't know. Again, dumbfounded.
As I thought about it more, the more it made sense to me. As long as the guy can play 20-25 min a game, maybe a little less, in the playoffs he'll bring so much to this team. There really hasn't been a team, at least one I can remember that would be similar to this team. They can run, and when need be they'll be able to throw the ball down low. This will give Boris Diaw a chance to show what kind of player he really can be. He had a great year when Amare was out and now I think he'll get to play like that again. I'm guessing he'll play many of the minutes opposite to Shaq.
So after my knee jerk reaction of hating it, this trade has grown on me, and I really hope it works out. I'd love to cheer for the Suns this year in the playoffs.
Pau for player a,b,c,d,e,f &g.
I haven't thought about this one as much, but it's a great deal for the Lakers. I feel that it's accepted that they stole him. He's pretty young, and will help them make runs for years to come. When they get Bynum back, they're really going to be a tough team to beat.
*Marcus Banks sucks so we won't included him as being part of this trade.
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