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The Honolulu Advertiser
Updated at 1:16 a.m., Wednesday, February 13, 2008

NBA: Spending 'Spre' results in property seizure

Los Angeles Times

Apparently, Latrell Sprewell really was having a hard time feeding his family.

The former NBA star's home is up for foreclosure and his yacht was sold at auction, according to filings in a Milwaukee court.

Sprewell, who once rejected a three-year, $21-million contract extension saying, "I've got my family to feed," has failed to make his $2,593 mortgage payment since September.

His $1.5-million yacht was seized last summer and sold at an auction last month for $856,000, but Sprewell may still be responsible for the remaining $500,000 owed to the bank.

Sprewell, 37, was making $14.6 million a year from the Minnesota Timberwolves when he rejected the contract offer during the 2004-05 season. The four-time All-Star hasn't played in the NBA since.