5. Latrell Sprewell
-cash blown: $100 million
He had an estimated career earnings of one hundred million dollars. He spent his money on yachts and an extravagant lifestyle. Currently he has approximately fifty thousand dollars and is living in a modest rental.
financialjuneteenth.com
Sprewell was known for his altercation with coach, Carlesimo, whom he fought with and choked. This incident cost him dearly, and he was suspended from NBA for a year and his contract with Golden State Warriors was cancelled. He turned down a twenty seven million dollar, three year contract with the excuse that the money wasn’t enough to feed his family. Shortly afterwards his two million dollar homes were foreclosed.
sports.espn.go.com
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They should learn how to save money for hard times