The Worst Purchases Made By Athletes

1. Latrell Sprewell

In 2004, he was offered a 3-year, $21 million contract extension from the Minnesota Timberwolves. Sprewell said that he was offended by the lowball offer and famously said, “I have a family to feed.” They countered their offer with another offer, $0.

Latrell later decided to purchase a $1.5 million yacht. Of that $1.5 million, he was only able to pay for $200,000 of it until he started defaulting on the payments. There was also an instance when Sprewell was driving said yacht and accidentally landed it on the shores of Atwater Beach, Wisconsin. He refused to pay for the yacht to be towed back to the water and was later rescued by local fishermen. The yacht was repossessed and that same year his home was foreclosed. / /

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