Latrell Sprewell Net Worth: How did he lose $100 million?

Latrell Fontaine Sprewell is a former professional basketball player from the United States. During his career, he played for a number of elite teams, including the New York Knicks, Minnesota Timberwolves, and Golden State Warriors. As of 2022, Latrell Sprewell’s net worth is estimated to be $150,000.

He helped the Knicks to the NBA Finals in 1999 and was selected to four NBA all-star games. While Sprewell earned more than $100 million in salary alone during his playing years, his behavior, which resulted in multiple lawsuits, as well as poor financial management, resulted in a dramatic decline in his net worth.

Full NameLatrell Fontaine Sprewell
Date of BirthSeptember 8, 1970
Birth signVirgo
BirthplaceMilwaukee, Wisconsin
ProfessionFormer Professional Basketball Player
Net Worth$150,000

Early Life

Latrell Fontaine Sprewell was born in Milwaukee, Wisconsin, on September 8, 1970. Pamela Sprewell and Latoska Field were his parents. Sprewell and his family relocated to Flint, Michigan, early in his childhood.

Sprewell’s parents divorced during his early year, and he returned to Milwaukee to live with his mother.

Sprewell did not begin to take basketball seriously until his senior year. Despite his lack of expertise with organized play, Sprewell made the squad and ended up averaging 28 points per game that season.

Latrell Sprewell Net Worth & Career

After graduating, Sprewell entered the 1992 NBA draught, when he was taken 24th overall by the Golden State Warriors.

His debut season was quite impressive, as he played in close to 70 matches. Sprewell continued to put in strong performances in subsequent seasons, establishing himself as one of the game’s best young talents.

However, a significant incident in 1997 tarnished his reputation for the remainder of his career. Sprewell was involved in a terrible incident in December 1997, when he fought with the team’s head coach at the time, P. Carlesimo, during their practice.

Due to his dissatisfaction with some of the suggestions made by the head coach, Sprewell became angry, choking the coach for almost 10 seconds. The other players immediately intervened to break up the incident, but Sprewell remained in a negative mindset and exchanged blows with many teammates as well.

This resulted in Sprewell being suspended for an entire season by the NBA and the Warriors waiving the remainder of his contract, which was valued at approximately $23 million. This resulted in a legal battle between Sprewell and the Warriors over the decision.

He achieved success with the New York Knicks in the following years, securing a $62 million contract, but he struggled to be signed for the salary he demanded.

Latrell Sprewell Net Worth

Latrell Sprewell net worth is estimated to be $150,000 as of 2022. Sprewell amassed close to $100 million in earnings throughout the course of his career.

Regrettably, his net worth has plummeted in recent years, with him now living in a small leased residence in Milwaukee.

Sprewell owed close to $3 million in taxes to the state of Wisconsin at one point due to his bad financial management. Additionally, he owed millions in payments on luxuries he purchased, such as yachts, which resulted in the foreclosure of two of his homes.

Latrell Sprewell Net Worth in last 3 years

Net worth in 2022$150,000
Net worth in 2021$200,000
Net worth in 2020$300,000

Personal Life

Sprewell had previously been in multiple relationships, the majority of which ended in failure. He married Candice Cabbil in 1989 at the University of Alabama, and the couple has four children.

As is well known, a number of NB players have famous girlfriends. Like Tyler Herro’s girlfriend and NBA player Kevin Durrant’s girlfriend, Lana Rhodes. Additionally, Latrell Sprewell is one of them.

Later in life, Candice Cabbil sued for divorce from Sprewell after he failed to keep his promise of financial assistance. Additionally, he was suspected of having extramarital affairs.

Summary

  • Latrell Fontaine Sprewell is a former professional basketball player from the United States.
  • Latrell Fontaine Sprewell was born in Milwaukee, Wisconsin, on September 8, 1970.
  • As of 2022, the net worth of Latrell Sprewell is estimated to be $150,000.

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