Latrell Spreewell is broke……and stupid.

Posted on 16. May, 2008 by The Sloth in Blog, Comedy, Idiocy, Lifestyle

In an amazing story that borders on unbelievable, and is at the very least extremely comical, former NBA all-star Latrell Spreewell is now broke as F.  His home in Milwaukee that he bought in 1994 for $405,000 is now being forclosed upon by Citizens Bank for the remaining $295,138 that is owed, plus the interest. He hadn't made any of his $2,593 monthly mortgage payments since September of last year. His yacht named "Milwaukee's Best" that he bought in 2003 for 1.5 mill was also seized and recently sold at auction for $856,00, leaving over half a million in debt left to recover. In addition, Spreewell's company Spreewell Motor Sports (you know, the place that makes the "Sprewell spinna's that all of the rappers talked about in their songs for a while) hasn't made any of it's credit card payments since September of last year either.

There are a couple of funny things about this, the first one being that he spent more than triple the value of his home that he lives in every day on a yacht that he probably spent a week or two a year on at best. What a sound investment. The second, and most obvious, is that this is the exact same man that offended the american working man down to the core by turning down a 3 year, 21 million dollar offer from the Minnesota Timberwolves during the 2004-2005 season using the famous quote, "I've got a family to feed". He was making $14.6 million a year at the time, and was simply insulted by the mere pennies he was being offered by his current team. It should also be noted that instead of making the guaranteed 21 milly from the T-Wolves, he never played a game after that season and made exactly ZERO FUCKING DOLLARS from basketball after that. His agent was even quoted before the next season, after interest in Spreewell had dropped even more as a player,  that he would not be interested in signing for any team's $5 million mid-level exception, calling that amount "a level beneath which [Sprewell] would not stoop or kneel!"

Wow.

Normally I feel a little bit of sympathy for dudes that blow a big amount of money and end up broke and depressed. I mean, it's got to be kind of easy to get caught up and think that money is always going to be there when you have that much of it. But in Latrell Spreewell's case I have NO sympathy, and I hope he ends up working as a shift manager at a Taco Bell somewhere so he can realize what it's like to honestly have to work your ass off and make shit for money while doing it.  Congratulations Latrell!!! You are now the NBA's version of MC Hammer!!!!