Christian Laettner could owe as much as $30 million to sports stars, corporations [View all]

[joeybee12]

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Although his NBA tenure never reached the heights of his college stardom, Christian Laettner had a pretty successful 13 years in the pros, making the All-Star game in 1997 and finishing with a career PER of 16.9. He also made more than $61 million in salary, theoretically enough to set him up for life.

However, a recent report suggests that Laettner has fallen on hard times. According to an article in the Wall Street Journal, Laettner and his business partner Brian Davis, a Duke teammate, are currently involved in various legal battles claiming more than $30 million in unpaid loans given to their real estate company. Here are the details from Valerie Bauerlein and Spencer Wilking:

But later next week [Laettner and Davis] have a court appearance in Washington, D.C. It's about a loan their real-estate company failed to repay to former Duke captain Johnny Dawkins. The judge in the case, having last year ordered Laettner, Davis and a company of theirs to pay Dawkins $671,309, will decide whether to hold them in contempt of court in regard to their failure to do so. In court documents and in interviews, Laettner, Davis and their attorney say any failure to make court-ordered payments is attributable to a lack of resources.

Court documents show that Laettner and Davis individually and their real-estate businesses are defendants in several civil lawsuits seeking repayment of loans worth about $30 million. The plaintiffs include sports celebrities like ex-Chicago Bull Scottie Pippen, who played with Laettner on the 1992 Olympic team. In August 2010, a state court judge in Lake County, Ill., ordered Laettner and Davis to repay Pippen $2.5 million. Through his attorney, Pippen said he had been paid half that amount and that litigation between the parties continues.

http://sports.yahoo.com/blogs/nba-ball-dont-lie/christian-laettner-owes-30-million-unpaid-loans-sports-215427065.html;_ylt=AnneIkwhPBQ_uZvhFfkltm.8vLYF

The photo pretty much says it all...