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-   -   Sprewell Is Broke (http://www.thewarpath.net/other-sports/22514-sprewell-is-broke.html)

jamf 02-11-2008 08:47 PM

Sprewell Is Broke
 
[url=http://sports.espn.go.com/nba/news/story?id=3241444]ESPN - Ex-NBA star Sprewell sells $1.5 million yacht, home could be foreclosed - NBA[/url]

Damn! I guess he was serious when he said he couldnt feed his kids with NBA money...

Smooter 02-11-2008 09:18 PM

Re: Sprewell Is Broke
 
Cant say I feel sorry for him.

SmootSmack 02-11-2008 09:35 PM

Re: Sprewell Is Broke
 
[url=http://www.thestar.com/Sports/article/299119]TheStar.com | Sports | NBA players' financial security no slam dunk[/url]

Redskin Rich 02-11-2008 10:36 PM

Re: Sprewell Is Broke
 
Making all that money don't mean nuttin if you don't plan appropriately.

SkinEmAll 02-11-2008 10:53 PM

Re: Sprewell Is Broke
 
Man I wish I could remember wher I saw a article just a week or two ago on Shaq and his, are you ready for this,
$895,000.00 PER MONTH expenses. Can you believe that?! Ill try to find it.

SmootSmack 02-11-2008 10:55 PM

Re: Sprewell Is Broke
 
Wasn't Shaq spending something like $23,000 per month on gasoline?

Smooter 02-11-2008 11:01 PM

Re: Sprewell Is Broke
 
[QUOTE=SmootSmack;421010]Wasn't Shaq spending something like $23,000 per month on gasoline?[/QUOTE]

If thats true, thats outrageous. He needs to get his big ass a Segway.

SkinEmAll 02-11-2008 11:04 PM

Re: Sprewell Is Broke
 
Yeah I was just reading it again. But Im a dummy and have never done a link thingamajiggy. I guess I should learn how to.

SmootSmack 02-11-2008 11:09 PM

Re: Sprewell Is Broke
 
[url]http://www.tampabays10.com/sports/article.aspx?storyid=72526[/url]

SkinEmAll 02-11-2008 11:13 PM

Re: Sprewell Is Broke
 
You da man Smootsmack.

hooskins 02-11-2008 11:33 PM

Re: Sprewell Is Broke
 
[quote=SmootSmack;421016][URL]http://www.tampabays10.com/sports/article.aspx?storyid=72526[/URL][/quote]

Wow WTF, 1.5k on cable TV?! Shaq is an idiot, also imagine how many people he has to pay as well. Agents, accountants, housekeepers, boatkeepers, etc.

hooskins 02-11-2008 11:34 PM

Re: Sprewell Is Broke
 
And screw Sprewell, any asshole who chokes a coach should go bankrupt.

DynamiteRave 02-12-2008 02:27 AM

Re: Sprewell Is Broke
 
[quote=hooskins;421023]And screw Sprewell, any asshole who chokes a coach should go bankrupt.[/quote]

Is Latrell Sprewell gonna have to choke a bitch?

dmek25 02-12-2008 06:28 AM

Re: Sprewell Is Broke
 
anyone who makes that kind of mega money, and doesn't know how to handle it, deserves whatever they get. anyone really feel sorry for him?

redsk1 02-12-2008 10:51 AM

Re: Sprewell Is Broke
 
[quote=dmek25;421057]anyone who makes that kind of mega money, and doesn't know how to handle it, deserves whatever they get. anyone really feel sorry for him?[/quote]

Not really. I just don't understand why you cant sock away a couple million and invest it wisely so it grows to let's say 4 million in 8-10 years. 4 mill @ 6% return= $240k a year in earnings.

It's all about spending though. Money doesn't last forever.

Monkeydad 02-12-2008 11:52 AM

Re: Sprewell Is Broke
 
[quote=SmootSmack;421010]Wasn't Shaq spending something like $23,000 per month on gasoline?[/quote]

The Diesel must be drinking it, literally.

hooskins 02-12-2008 12:25 PM

Re: Sprewell Is Broke
 
[quote=Buster;421195]The Diesel must be drinking it, literally.[/quote]

It is also gas for his boats. So I guess I would understand why it would be several thousand, but not 23k lol.

SmootSmack 02-12-2008 01:35 PM

Re: Sprewell Is Broke
 
[QUOTE=redsk1;421155]Not really. I just don't understand why you cant sock away a couple million and invest it wisely so it grows to let's say 4 million in 8-10 years. 4 mill @ 6% return= $240k a year in earnings.

It's all about spending though. Money doesn't last forever.[/QUOTE]

The problem becomes all the money that they dole out not only to their agents, lawyers, business managers, etc. but then it's the house you buy for your parents, the new Bentleys for your teenage siblings, the boat for your cousin's nephew, the "investment" in your high school buddy's new business venture, and so on.

redsk1 02-12-2008 02:47 PM

Re: Sprewell Is Broke
 
[quote=SmootSmack;421256]The problem becomes all the money that they dole out not only to their agents, lawyers, business managers, etc. but then it's the house you buy for your parents, the new Bentleys for your teenage siblings, the boat for your cousin's nephew, the "investment" in your high school buddy's new business venture, and so on.[/quote]

Yeah, it's really unfortunate they don't have someone in their ear that's giving them sound financial advise. I'm sure every NBA player has friends/brothers/cousins/inlaws/ asking for this and that, but you've got to draw the line somewhere. I agree though.

BDBohnzie 02-12-2008 02:57 PM

Re: Sprewell Is Broke
 
You'd think Charles Schwab would have a Pro Athlete division...or perhaps they would have Warren Buffet on speed dial.

FRPLG 02-12-2008 03:38 PM

Re: Sprewell Is Broke
 
Just because you make money doesn't mean you know how to handle it. There are millions of people in our country who are in dire financial straights because of bad money decisions and irresponsibility but it isn't PC to point this out when discussing welfare and so forth. It is OK to lambast Sprewell though and that is a double standard.

The ways he got to be poor is the same way millions of others have and it is a serious scourge on our country right now.

Riggo44 02-12-2008 03:54 PM

Re: Sprewell Is Broke
 
[QUOTE=FRPLG;421329]Just because you make money doesn't mean you know how to handle it. There are millions of people in our country who are in dire financial straights because of bad money decisions and irresponsibility but it isn't PC to point this out when discussing welfare and so forth. It is OK to lambast Sprewell though and that is a double standard.

The ways he got to be poor is the same way millions of others have and it is a serious scourge on our country right now.[/QUOTE]

That's a good point. If everyone could budget there money better the credit card company’s would be screwed.

But when you see a guy's like Sprewell or Tyson waste more money on things like boats,jewelry ,pet tigers in a year then I will ever make in my lifetime. It's kind of hard to care about them when all of a sudden there broke.


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