It’s been more than 10 years since he last put on an NBA uniform, but former All-Star Latrell Sprewell continues to face financial woes.
Sprewell, who played 13 seasons in the NBA, had his Purchase, NY, mansion seized by the bank, and it’s now available for purchase at a hefty discount.
Purchased by Sprewell in 2000 for $2.3 million, the estate is now on the market for $1.5 million. The value of the Georgian and Colonial-style home was assessed as recently as 2008 for $3.95 million. It’s set on 3.32 acres of flat, usable land and measures 9,200 square feet. It has six bedrooms, 10 bathrooms, and two half-baths.
It’s currently one of the cheapest properties for sale in Purchase, a town where the median list price is $3 million.
Built in 1999, the bank-owned property needs interior and exterior TLC. Inside, potential bargain hunters will find granite countertops, four fireplaces, a sauna/steam room, an attic, a finished basement, and, of course, a basketball court.
Sprewell is no stranger to controversy—including questionable financial and asset management.
On court, the five-time All-Star is remembered for choking then-Golden State Warriors head coach P.J. Carlesimo in 1997. He was suspended for the 68 games remaining in the season and traded shortly thereafter to the New York Knicks.
While he saw success on the court after leaving the San Francisco Bay Area, Sprewell made headlines for the wrong reasons, including when he turned down a then-lucrative contract extension because the $21 million wasn’t enough to feed his kids.
Sprewell retired in 2005 having earned a reported $96 million during his career, but several high-profile financial and legal troubles followed the Milwaukee native on his way out.