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

[Art Barr]

who wrote this backloaded bullshyt smear campaign.


Art Barr

 

[Malta]

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

I know myself, not everyone who gets money ends up broke

 

[UpAndComing]

Kevin Garnett had to deal with so much shyt Pre-Celtics

 

[mastermind]

I know myself, not everyone who gets money ends up broke

thats fine

point im making is not everyone is an idiot if they end up broke.

 

[Malta]

thats fine

point im making is not everyone is an idiot if they end up broke.

I mean, if you go broke like how Manute went that's one thing (building a hospital), but if you go broke from living a lavish lifestyle then well I gotta say you're dumb

 

[ReturnOfJudah]

These athletes need to be mandated to complete some sort of economics/accounting course or seminar.

Too many pathetic stories of guys who should have their kids' kids' kids set for life blowing it all away and being broke within 10 (usually 5) years of retirement.

I don't feel bad for Spree, but it is a damn shame that these guys can't handle money for shyt.

@ white folks teaching black folks to save their money. They WANT us to spend wreckless

 

[mastermind]

I mean, if you go broke like how Manute went that's one thing (building a hospital), but if you go broke from living a lavish lifestyle then well I gotta say you're dumb

I guess

but these are hyper competitive athletes. If a bruh got a new Maybach, you gonna try and one up him.

 

[BayArea Breez]

KARMA IS A bytch

PJ Carlissimo out there still on TV, making money!!!

FUKK SPREWELL

 

[Malta]

I guess

but these are hyper competitive athletes. If a bruh got a new Maybach, you gonna try and one up him.

I was talking about lottery winners as well.

See, that's where I don't get it fam, if I'm in the league they know how much money I'm making so the need to keep up isn't there for me. And if I wanted a expensive ass car like that I'd lease it and let the interest from money that would have went towards buying it basically take care of the lease payments.

 

[mastermind]

I was talking about lottery winners as well.

See, that's where I don't get it fam, if I'm in the league they know how much money I'm making so the need to keep up isn't there for me. And if I wanted a expensive ass car like that I'd lease it and let the interest from money that would have went towards buying it basically take care of the lease payments.

you'd think that

A lot don't

Lottery winners are the worst because they did not earn the money and have even more leeches around them. Its hard for me to shyt on people who haven't been taught fiscal responsibility.

 

[lotteryplaya]

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.

The crazy thing about that video is Jack Whittaker was already a self made millionaire before he won the lottery. So even with already being rich and knowing how to handle money he still went apesh*t like any other lottery winner who is new to large amounts of money.

 

[KingMalik]

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.

Change numbers, move three time zones away, send Christmas cards with no return address

 

[Don De Dieu]

Ehh, I'm not one to count the next man's money, but Spree more or less sunk himself (if he's truly broke, and not rich folks broke). I don't doubt he had some leeches around him, but some of this shyt is a bad look financially.

He didn't pay his taxes here; a few years ago, he owed the most back taxes in the state (until Anthony Mason knocked him off the list). Both of those mansions he lost could have been easily covered if he managed his money right (not that you need two mansions in the Mil). He's been locked up multiple times and sued repeatedly. If you look up his circuit court record, he has a new child support case (that's at least 18% of whatever he's bringing in). And yeah, he does rent a crib now (decent area, nice pad, but nothing exorbitant).
The funny thing is if you're in the right place, you can catch dude out here on some shyt at the bar drinking a $400 bottle with kids that are too young to remember who the fukk he is.

 

[DLo]

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.

You are dead on.
Where is the 30 for 30 special on this?! These financial advisors/lawyers are vultures that prey on these athletes and rob them blind.

 

[ShoGun Of Harlem]

so Spreewell has 50,000 left to his name....I would like to see how many coli brahs actually got that much in their savings account