Latrell Sprewell made over $100 million in his career but is now worth less than Coli dudes

[King Poetic]

I wonder where are the family members and friends who was around for the good times

Motherfukkers leaving like heat fans

 

[Geek Nasty]

I wonder where are the family members and friends who was around for the good times

Motherfukkers leaving like heat fans

Latrell singing the Cheesy Rat Blues

 

[ORDER_66]

With the amount of money these guys have, it's not like balancing a checkbook. You start hitting all kinds of limits like FDIC caps so right there you're going to have cash spread around. And, if they're diversified that's a lot of stocks and indexes to keep an eye on. The high-risk cut you're going to be watching on a regular basis; way more than a typical person is looking at a mutual fund. I can see having a money manager, but I think a lot of these suits see a Black athlete and immediately start plotting. I see that shyt myself just going in for a regular vehicle loan. Statistics prove it too. If you're Black and go in for financial services, with teh same credit profile you get screwed over by as much as a percent.

Imagine some 25 year old multi-millionaire with pages of legal contracts and some crook plotting to retire by taking a cut right out of your ass. Dude might have been clean his whole life but figures, "hey I can take a couple mill from this dumb n****r while he's up in the club and even if I never work again I'm set." Same shyt happens to musicians Black and White.

That's true but you gottaq be smart, it's YOUR money, go get educated about managing YOUR own money...

 

[the cac mamba]

They are mandated, though. The rookie seminars across all leagues discuss money management and finances.

even if not...these are grown ass men

i get it that it must be crazy to come into all that money at once, but they cant use their fukkin heads? sprewell couldnt think far enough ahead that maybe he wouldnt be able to maintain a fukkin yacht?

shyt is

and even if they go 'broke' theyre back to being what, average americans? some fukkin victims

 

[mastermind]

I say that because I'm perfectly fine with throwing relationships in the bushes and telling people to kick rocks, I'm frugal and don't even pay for cable TV bruh

we dont know until millions are put in our faces. Thats all I say.

 

[Field Marshall Bradley]

we dont know until millions are put in our faces. Thats all I say.

Pretty much... A lot of Americans are a couple of paychecks away from being homeless..... but yet feel entitled to talk about athletes\artists blowing their money....

Blowing money is the American way....

 

[Big Boss]

They are mandated, though. The rookie seminars across all leagues discuss money management and finances.

yep at the end of the day, athletes gon do what they gon do

 

[NormanConnors]

See I liken some professional athletes to lottery winners. A whole bunch of lottery winners end up divorced, broke an unhappy as all hell after they get all that money.

They are unprepared for all the trappings, how to deal with the family and friends, and it ends up ruining them.

Some folks just need to fall off of the grid when they win, most aren't built to stay visible and juggle all of that.

 

[Geek Nasty]

Pretty much... A lot of Americans are a couple of paychecks away from being homeless..... but yet feel entitled to talk about athletes\artists blowing their money....

Blowing money is the American way....

Yep, and like another poster said look at lottery winners. People will piss away $40 million just like they piss away $40K/year.

 

[GzUp]

Even if he had agreed to that money he would still be in the same boat he is in now.

 

[Field Marshall Bradley]

Yep, and like another poster said look at lottery winners. People will piss away $40 million just like they piss away $40K/year.

TRUTH

 

[Easy-E]

*grabs Gov to pet him*

*pause*

 

[AITheAnswerAI]

Pretty much... A lot of Americans are a couple of paychecks away from being homeless..... but yet feel entitled to talk about athletes\artists blowing their money....

Blowing money is the American way....

And the fact that we all see this happen over and over again, should tell you it can happen very easily. If anything, the more money you have the easier you go broke, because you have so many more options and people/family hitting you up for help.

 

[BXKingPin82]

damn Spree
my pops used to own my fukkin ass with the Warriors in Live 96
"SPREE FOR TREEEEEEE!" ol broken English havin ass
me thinkin Isaiah 'You can call me J.R." Rider was the next great NBA player

 

[The_Third_Man]

Warriors Sprewell is my favourite player of all-time

Still, I can't feel sorry for him.