You wouldn't want Christian Laettner's financial problems right now

He owes a bunch of people a bunch of money, and allegedly has been slow to repay it.

March 9, 2012 at 8:36PM

The Wall Street Journal is reporting that ex-Timberwolves forward and Dookie Christian Laettner, along with business partner and former Duke teammate Brian Davis, are defendants in several civil lawsuits seeking repayment of about $30 million in loans relating to real estate deals gone bad.

Next week, they'll appear at a hearing in Washington, D.C., at which a judge will decide whether to hold the pair in contempt of court because they haven't paid $671,309 to former Duke baller Johnny Dawkins after a court ruling last year. According to the Journal report, their attorney says any money that hasn't been repaid is "attributable to a lack of resources."

The Journal says that Laettner and Davis were ordered to repay ex-NBA great Scottie Pippen $2.5 million in 2010, and that about half of that settlement has been paid so far, according to Pippen's attorney.

The duo also owes Buffalo Bills linebacker $3.7 million, more money that apparently hasn't been repaid (despite a court judgment) because the money isn't there.

"I feel cheated," Merriman said in the story.

You have to assume that Laettner didn't do a great job of shepherding his own money. At age 42, he has taken a job as an assistant coach with the Fort Wayne Red Ants of the NBA's D-League and says he wants to become an NBA head coach some day. (The Red Ants are 11-28, if you needed some numbers that don't have a dollar sign in front of them -- and maybe some indication of Laettner's chance of reaching his latest basketball goal.)

Laettner wouldn't talk to the Journal reporter, but Davis offered up: "The timing of the economic collapse and our game plan was not good."

One more number, and it's a big one. According to basketball-reference.com, Laettner was paid almost $61.5 million during his NBA career, which ran from 1992-2005.

h/t Michael Rand

about the writer

about the writer

Howard Sinker

Digital Sports Editor

Howard Sinker is digital sports editor at startribune.com and curates the website's Sports Upload blog. He is also a senior instructor in Media and Cultural Studies at Macalester College in St. Paul.

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