These NFL and NBA Players Lost Their Fortunes After Retiring

Published on July 5, 2023
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Glen Rice

Glen Rice spent 15 season in the NBA, earning him a sizable net worth of $68 million. However, he made several bad investments and along with many child support payments, leading him to financial ruin. He began selling his memorabilia, making public appearances, and charging for autographs. However, despite all of this, in 2022 a judge agreed to reduce his monthly child support payments.

Glen Rice

Glen Rice

Latrell Sprewell

Latrell Sprewell was playing for the Warriors when he was involved in a violent incident with coach P.J. Carleismo. The Warriors avoided his contract, but he went on to sign with the Knicks. In 2004, he declined an offer from the Timberwolves for $21 million, saying that was not enough to “feed his family.” However, after his retirement, he was sued by his ex for $200, saying that he didn’t support her and their four children. Sprewell had to sell his yacht, and foreclosed two homes. Several years later, the state of Wisconsin claimed that he was behind in his taxes to the tune of $3.5 million.

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Latrell Sprewell

Latrell Sprewell