Sprewell Chokes Away $400K House, 70-Ft. Yacht

The ASSOCIATED PRESS gets all choked up on the failing financial fortunes of Latrell Sprewell. The ex-NBA player recently had his house foreclosed on and his yacht auctioned off.

Latrell Sprewell will hoop for food

Citizens Bank has foreclosed on the $405,000 suburban Milwaukee home, claiming that Sprewell still owes almost $300,000 on the house, and that he hasn’t made any mortgage payments since September 2007. Meanwhile, Spree’s 70-foot sloop, the “Milwaukee’s Best”, was sold off for $856,000 - still about $500,000 short of what North Fork Bank says is owed to them.

Even AT&T* has already gone after Latrell: “The Associated Press tried to reach Sprewell for comment Monday, but a telephone number in his name was disconnected.”

Pretty sad state of affairs for a player who once turned down a $21 million contract extension by famously declaring, “I’ve got my family to feed.”

Sbb Girls Colene, Crystal and Alex outside Mader's in Milwaukee

Looks like the only thing the Sprewell family will be feasting on is whatever they scrounge out from the dumpsters behind Mader’s.

Upon hearing Sprewell’s situation, P.J. Carlesimo reportedly got a lump in his throat. No, wait - that’s just from his last encounter with Latrell.

(*Or it could be Verizon. Or T-Mobile. Or the Mount Horeb Telephone Co.)