Latrell Sprewell's yacht sold at auction on Monday and his home could be foreclosed in order to pay the $1.3 million he owes on the yacht.
In court documents, the bank said Sprewell owed $295,138 in outstanding payments plus interest on his house.
Sprewell failed to make his mortgage payments of $2,593 per month from September 2007 to January 2008, the documents said.
http://www.msnbc.msn.com/id/23117644/
I just heard on "The Herd", that although the average salary of the NBA is 5mil a year. Within 5 years of being out of the league 60% of the guys are broke.
Yet I still have absolutely no simpathy for Latrell. That guy made more coin in one year than most of us will see in a life time.
Enjoy being flat broke Latrell. And you know what sounds like broke? Choke!
