Hey Sprewell, the repo man is coming!!

GiantFan

Bench Warmer
This is great because he turned down a huge contract because it wasn't enough to "feed his family" or something like that. Sorry no link, this was emailed to me.

Former NBA star Latrell Sprewell had his yacht repossessed by the bank
holding the loan on the 70-foot, $1.5 million vessel, the Milwaukee
Journal-Sentinel reported Wednesday.

According to the report, a U.S. Marshal armed with an order from U.S.
Magistrate Judge William E. Callahan Jr., seized the yacht, the
"Milwaukee's Best," in Manitowoc, Wisc., about 80 miles north of
Milwaukee on the shore of Lake Michigan.

The bank has claimed in federal court that the owner, LSF Marine
Holdings, a company run by Sprewell, has failed to make monthly
payments of $10,322 in a timely fashion and has not maintained the
necessary insurance on the vessel, according to the report.

The bank wants the "Milwaukee's Best" sold to pay off the $1.3 million
it says is remaining on the loan, according to the Journal-Sentinel.

The newspaper said it could not reach Sprewell for comment.

Sprewell last played in the NBA in 2004-05 with the Minnesota
Timberwolves. He famously turned down that team's three-year, $21
million contract offer, telling a reporter for the Star Tribune of
Minneapolis: "They're not doing anything for me. I'm at risk. I have a
lot of risk here. I got my family to feed. Anything could happen."

Sprewell, a swingman, played 13 seasons in the NBA for the Golden
State Warriors, New York Knicks and Timberwolves, averaging 18.3
points per game.
 

oregonweim

Bench Warmer
They were having a competition to name his yacht on the espn radio show yesterday...

my favorite was 'Yacht happened to all my money'

:lollol::lollol::lollol:
 

ebsoria

Bench Warmer
They were having a competition to name his yacht on the espn radio show yesterday...

my favorite was 'Yacht happened to all my money'

:lollol::lollol::lollol:


That is a good one! Seriously though... you make that kind of money over tha tlong a period of time... how the HELL do you NOT have any left?!?! *ahem* Paging Mike Tyson!! Mike Tyson??
 
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