contract negotiation

Former NBA star Latrell Sprewell two decades ago turned down a $21m contract extension, foolishly exclaiming that he “had a family to feed.” Unless he was preparing his offspring as future candidates for “My 600-Lb. Life,’’ his comment was highly misguided. Sprewell never got another offer, and despite making close to $100 million in career earnings, he allegedly fell on hard times, although it’s never quite clear if athletes in these situations go completely broke or just lose portions of their vast earnings.