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Former NBA Star Latrell Sprewell Living Very Modest After

Former NBA star Latrell Sprewell is the latest professional athlete to run into post-career financial problems. Several websites are reporting the retired basketball star has blown through his fortune.“During the course of his career, Latrell Sprewell made over $100 million. Today, Celebrity NetWorth reports that he has around $50,000 and lives in a modest rental,” said Financial Juneteeth.Sprewell, who was 24th in the 1992 NBA draft, played for several teams, but he was infamous for his altercation with Golden State Warriors coach P.J. Carlesimo. After Carlesimo criticized his passing, Sprewell fought his coach and choked him. He then returned, after showering, and punched Carlesimo, before being dragged away by assistant coaches. He had also previously fought with other teammates, threatening one with a plank of wood and a gun.However, the choking incident cost Sprewell dearly. He was suspended by the NBA for a year and the Golden State Warriors cancelled the rest of his contract which was worth $23 million over three years.He was later traded to the New York Knicks and then the Minnesota Timberwolves, where he received negative publicity for turning down a three-year, $21 million-contract extension, claiming it wasn’t enough to take care of his family.“I have a family to feed … If (team owner Glen) Taylor wants to see my family fed, he better cough up some money. Otherwise, you’re going to see these kids in one of those Sally Struthers commercials (where she solicits donations for starving children in developing countries) soon,” Sprewell said at the time.Sprewell’s troubled reputation preceded him and other NBA teams saw him as too much of a risk to take on.“Sprewell played one more year for Minnesota without the contract extension, and played miserably,” Financial Juneteeth reported. “Still thinking higher of himself than the teams or coaches he negotiated with, he was never again able to agree on a salary and has not played professional ball since. So, some might say that his negative attitude caught up with him because no NBA team wants to sign an angry old man whose best days are behind him.”However, Sprewell’s retirement has been filled with as much bad PR and brushes with the law as his playing career. His daughter was attacked by one of his pit bulls, and he was accused of stealing by a junior college. He was investigated by police for choking a woman on his yacht and also sued by the mother of his four children for $200 million.Sprewell had several financial problems after he retired. His $1.5 million yacht was seized after he defaulted on a mortgage, and he had two homes foreclosed.Unfortunately, Sprewell is not the only retired athlete to face financial hardship. Many ex-jocks run into money problems when their income drops from a huge contract to a pension. They still have extensive financial commitments to ex-wives, mothers of their children, family and lavish lifestyles to maintain. Many athletes are also ripped off by unscrupulous advisers, who know their clients don’t understand the complex world of finance.Former baseball player Torii Hunter told Sports Illustrated financial terms sound like another language to pro athletes.“Once you get into the financial stuff, and it sounds like Japanese, guys are just like, ‘I ain’t going back.’ They’re lost,” Hunter said.According to Sports Illustrated, most ex-professional athletes are broke within a few years of retirement.“By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce,” reported Sports Illustrated. “Within five years of retirement, an estimated 60 percent of former NBA players are broke.” read more

Ohio State womens basketball to begin season with major test at No

OSU then-freshman guard Kelsey Mitchell (3) dribbles the ball during a game against Indiana on Feb. 8 at the Schottenstein Center. Credit: Lantern File PhotoIn a much-anticipated matchup of highly ranked opponents, the No. 6 Ohio State women’s basketball team is primed to open its season on Friday against No. 2 South Carolina in Columbia, South Carolina, at 7 p.m.The Buckeyes, looking to build on a 24-11 record from last season which ended with a loss to North Carolina in the second round of the NCAA tournament, return all five starters, including last season’s co-Big Ten Player of the Year, sophomore guard Kelsey Mitchell.South Carolina boasts three returning starters, including senior guard Tiffany Mitchell, a two-time SEC Player of the Year. The Gamecocks also add a preseason All-American honorable mention in sophomore forward A’ja Wilson to the lineup. Last year, South Carolina’s season ended after a run to the Final Four, losing to Notre Dame 66-65.However, rather than hyping up the game, Kelsey Mitchell stressed how she has been preparing for the 2015-16 season without certain opponents in mind.“You’ve got to be prepared for everything,” she said. “I had no clue, honestly, that we were going to play (South Carolina and No. 1 Connecticut), but you’ve got to prepare before that.”Since South Carolina returns three starters, including its top three scorers and rebounders, the Buckeyes understand they will need to step up on defense and in the post. Last season, OSU’s shallow depth, decimated by injuries, forced it to rely on its offense. Coach Kevin McGuff and his players said they understand their defense must improve.“We weren’t as good as we needed to be last year,” McGuff said. “Part of it was our depth and our youth, but those can’t be excuses this year because we have enough depth and our kids are a year older.”Beyond Kelsey Mitchell and the returning starters, OSU returns four players who missed most, or all of, last season, including redshirt freshman guard Kianna Holland, who was voted team captain. Holland, a transfer from Duke, will debut in a scarlet and gray uniform in her home state of South Carolina.“It’s really exciting. I’ve got a lot of friends and family coming to watch me, so it’s going to be a really neat, supportive environment,” Holland said. Holland might feel at home in the Colonial Life Arena, but the rest of OSU might not find the venue as supportive of the Buckeyes. South Carolina packs its home arena, leading the NCAA in women’s basketball attendance for the first time in program history with an average of 12,293 fans.Preseason All-Americans collideOSU and South Carolina each are led by prolific All-American guards named Mitchell with similar styles. Both were also named their respective conference’s preseason player of the year and led their teams in scoring and assists a season ago.OSU’s Kelsey Mitchell averaged 24.9 points and 4.1 assists per game last season. The 2014-15 co-Big Ten Player of the Year set a Big Ten and OSU record, scoring 873 points while also breaking the NCAA record for most threes made with 127.South Carolina’s Tiffany Mitchell, a 5-foot-9 senior, averaged 14.4 points with impressive efficiency, as she hit 50 percent of her shots and drained 41.6 percent of three-pointers. The Mitchells have not met despite the similar position, role and name, but OSU’s Kelsey Mitchell said she respects the other’s game.“I’ve never seen her play. But if they say she’s amazing, she’s amazing,” Kelsey Mitchell said.Nonconference gauntlet beginsLast season, OSU played just two ranked teams in nonconference play, beating No. 21 West Virginia and losing to No. 24 Georgia. An easier early slate of opponents benefited the young, inexperienced team dealing with several injuries to key players.But this year, high expectations will be tested early. Friday’s game against No. 2 South Carolina begins a three-week period in which the Buckeyes are scheduled to face the top three teams in the nation.In OSU’s home opener on Monday, the Scarlet and Gray hosted the defending national champions, No. 1 Connecticut. On Nov. 28, the Buckeyes head to Las Vegas to take on No. 13 Texas A&M in the South Point Shootout before traveling to South Bend, Indiana, to battle No. 3 Notre Dame on Dec. 2.South Carolina, Connecticut and Notre Dame reached the Final Four last season, as did No. 9 Maryland, which OSU is scheduled to face twice in conference play.“As a coach, the players we were trying to recruit want to play against the best teams in the country,” McGuff said. “And secondly, I just like to figure out where we need to get better. If you’re winning every game by 20, 25, 30 points, you’re not going to know where you can get better.” read more

Parris Campbell among young players to catch Urban Meyers eye at Ohio

Redshirt-freshman wide receiver Parris Campbell (21) caught the eye of coach Urban Meyer during OSU’s annual Spring Game at Ohio Stadium on April 18.Credit: Mark Batke / Lantern PhotographerIn a scrimmage that featured 75 passing attempts and just 12 rushing attempts by running backs, a 17-14 final score might seem underwhelming.But Ohio State’s Spring Game on Saturday at Ohio Stadium wasn’t about showing how much the team has improved. In fact, after the quasi-game, coach Urban Meyer said the Buckeyes were worse than they were in January when they won the College Football Playoff National Championship.Regardless of that regression, Meyer said he was looking for certain young players to stand out. Some didn’t make the grade, but others — like redshirt-freshman wide receiver Parris Campbell — put on displays that could earn them playing time going forward.Meyer said he called on Campbell to score from four yards out with Campbell’s Scarlet team trailing Gray, 10-7.“He looked at me, like, ‘Heck with this, man.’ He took the ball, put his left foot in the ground and drove in, made a great cut and scored,” Meyer said of the play. “And I saw his celebration in the end zone. That’s one I remember from the Spring Game. That’s going to help him get into the rotation.”Redshirt-freshman wide receiver Parris Campbell (21) caught 5 passes for 38 yards and a touchdown during OSU’s Spring Game on April 18 at Ohio Stadium.Credit: Samantha Hollingshead / Lantern PhotographerBut the fourth-year OSU coach added that not every player he called on to step up succeeded in the same fashion as Campbell.“I asked a couple guys to make a play and they didn’t do it,” Meyer said. “Now I have to find out why when I meet with them next week and just get into the psychological impact of playing in the stadium has on a player.”While players like Campbell used the Spring Game to make their final strides toward the rotation, others simply cemented their spot after a strong spring overall.Redshirt-freshman defensive lineman Sam Hubbard had the coaching staff raving throughout the 15-practice slate, and built on that with two sacks and a fumble recovery in the scrimmage. Meyer said Hubbard has locked up a spot in the rotation, but the former safety and tight end said he still has more room to improve.“I have a long way to go before I’m one of the guys that’s routinely in the rotation,” Hubbard said after the Spring Game. “It’s only been a few months at defensive end and to be in the position I am, I’m very thankful.”Regardless of how far he feels he has to go, Meyer confirmed that Hubbard will rotate along with redshirt-sophomore defensive lineman Tyquan Lewis, as the duo helped replace Steve Miller opposite junior defensive lineman Joey Bosa.As for Campbell, receiver might be the position where OSU took the biggest hit, with Devin Smith and Evan Spencer turning their focus to an NFL future. Like Hubbard, Campbell has a chance to find his way on to the field next season after catching his coach’s eye on Saturday.But for now, the Buckeyes have some time off before returning to fall camp, and ultimately opening the 2015 regular season against Virginia Tech on Sept. 7 in Blacksburg, Va. read more

Mens Hockey Goaltending takes center stage early in Ohio States season

Ohio State then-freshman goaltender Tommy Nappier covers up a puck during Ohio State’s 4-0 win against Wisconsin on Saturday, Feb. 24, 2018. Credit: Nick Hudak | For The LanternGoaltending can make or break a season. Teams with elite athletes between the pipes often find themselves competing for a championship at the end of the year.Ohio State is no exception.Redshirt senior goaltender Sean Romeo was one of the crutches that the Buckeyes relied on during their Frozen Four run last season. He allowed just over two goals per game and had a save percentage of .927, No. 3 in the Big Ten and No 9 in the country, starting 37 of the 41 games Ohio State played.This season, however, has been a different story for Romeo. He’s only started in half of the Buckeyes’ matchups and in his first three games, he allowed 11 goals, saving 81.2 percent of shots sent his way.Though Romeo has improved as of late, pitching three straight shutouts against Colgate, Notre Dame and Wisconsin, a program record, his struggles early in the season paved the way for sophomore Tommy Nappier to step into the spotlight for Ohio State.In the seven games Nappier has appeared in, including six starts, he has only allowed eight goals and holds the best save percentage in the nation at .958, along with two shutouts. While most teams generally put one guy in net for most of their season, associate head coach Steve Miller is familiar with having two dependable players in goal.“I go back to some of our great Denver teams. We were fortunate at times to have two really good guys who push each other, who challenge each other every day in practice,” Miller said. “You know you got to come and got to be sharp every day. You know there’s another guy there doing the same thing who’s playing at a high level, so I think it’s a real big positive for the guys.”Beyond the obvious benefits of having two dependable goaltenders, such as having a backup in case the starter goes down, it means less wear and tear on each goalie as the season progresses.“I feel more rested,” Romeo said. “You know, it’s a lot easier to play one game than two games.”A duo of rested goalies can pay dividends down the stretch for Ohio State come tournament time when other teams don’t have the same depth in net. Splitting starts has already led to a record-setting stretch for Ohio State between the pipes.The lone goal given up by Nappier against Wisconsin broke a three-game shutout streak. Ohio State has only given up three goals and has four shutouts in its past six games. The Buckeyes are also the only team in the nation that has multiple goaltenders with at least two shutouts, leading the NCAA with five shutouts..After Romeo started in almost every game for Ohio State last season, it would be understandable for him to be disappointed after getting his playing time cut in half. But he has taken his reduced playing time in stride and is nothing but supportive of his goaltending counterpart. “I enjoy going to the rink every day, seeing [Nappier],” Romeo said. “Obviously, we’re competing against each other, but there’s nothing bad. When he’s in I’m cheering for him, I think when I’m in he’s cheering for me, I hope so.” Nappier shared Romeo’s sentiments, saying that Romeo helps to make him better every day.Moving forward, there has been no indication from the coaching staff that these plans will change. Barring one goaltender’s play declining as the season goes on, it is expected that they will continue to split starts. Decisions may change, however, as Ohio State nears the Big Ten and NCAA Tournaments in the spring. In high-stakes situations, they will have to decide whether to stick with both their hot hands or go with the veteran leadership that Romeo would bring to a squad trying to return to the Frozen Four. read more

Cosmopolitan jcpenney Partner in Clothing Line

first_img“[It’s] the brand coming to life in a fashion realm,” says Susan Schulz, Cosmo’s editorial brand director. “The process has been very smooth. Everybody, I think, in the beginning was a little nervous. I don’t know that it’s ever really been done before that a magazine would have this much input.”Cosmo will play a role in marketing and promotion of the line through traditional ad placements, as well as content integration.A slideshow featured on the Cosmopolitan.com front page Thursday allows readers to link to a story about the product launch and includes an option to purchase the clothing from jcp.com.“One of my main jobs as we move forward is finding ways to integrate the product,” Schulz says. “How to promote the product in an organic way that makes sense for our reader. We know she doesn’t want to be clobbered with it, she doesn’t want to be getting a message about the Cosmo Collection every five seconds.”“But where it does make sense to her, we want to be able to tell her, ‘Look at these new shoes. They’re in store now. We think you’re going to love them.’ “The product launch is the first of its kind for Cosmopolitan, which attracts more than 18 million print readers and 8.5 unique monthly visitors. The company has participated in collaborative media projects with Sterling Books and YouTube, however.jcpenney also signed a licensing deal with Martha Stewart Living Omnimedia [MSLO] in December of 2011. That agreement calls for a line of MSLO products to be sold online and in retail outlets that will be constructed within most jcpenney stores by February 2013. jcpenney also invested $38.5 million in MSLO in the deal. You can now get your Cosmo at jcpenney—not the magazine though, the clothing line.The Cosmopolitan Collection, a new brand of lingerie, sleepwear and accessories inspired by the world’s top-selling women’s magazine, went on sale this weekend at jcpenney’s 600-plus retailers across the country and on jcp.com.The launch culminates a two-year collaborative process between the companies that began with discussions between recently-departed Cosmopolitan editor-in-chief Kate White and former jcpenney CEO Mike Ullman in November of 2010. last_img read more

Sling TV deal Save 40 percent for your first 3 months

first_img Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. 4 Now playing: Watch this: 3:17 Media Streamers Comments Share your voice How to cut the cord like a pro The Cheapskate Erica Argueta/CNET Everyone wants to cut the pricey cable-TV cord, but most viewers would prefer to keep local and live-TV channels. There are lots of ways to do that, but your best option is to try different services and see which one best suits your viewing habits.Read more: The best live TV streaming services for cord-cutters  If you think you might like Sling TV, here’s your chance to get a kind of extended discount trial: 40 percent off three months of Sling TV service. This is pretty good timing, what with March Madness just around the corner.See it at Sling TVThis offer is for new customers only, and it applies only to Sling’s three base tiers of service. (In other words, add-ons don’t get the same 40 percent off.)That means you’ll pay $15 per month for Sling Orange, $15 per month for Sling Blue or $25 per month for the two combined. After your first three months, regular rates apply. But there’s no contract, so you can cancel if you’re not feeling it.Read CNET’s Sling TV review to learn more about the service, keeping in mind it was published a couple years ago.Read more: Hulu’s $5.99 plan is now available Sling TV service Tags CNET’s Cheapskate scours the web for great deals on PCs, phones, gadgets and much more. Note that CNET may get a share of revenue from the sale of the products featured on this page. Questions about the Cheapskate blog? Find the answers on our FAQ page. Find more great buys on the CNET Deals page and follow the Cheapskate on Facebook and Twitter! last_img read more

Infosys Q4 results Profit falls 28

first_imgInfosys Q4 resultsREUTERS/Abhishek N. ChinnappaIndia’s second largest IT firm Infosys reported a 28 percent sequential fall in net profit to Rs 3,690 crore in the fourth-quarter results (ended on March 31) Friday.Infosys had reported a net profit of Rs 5,129 crore in the December quarter last year and Rs 3,603 crore in the same quarter in 2016. This is the first quarterly result of the firm announced under the new chief executive officer Salil Parekh. He replaced UB Pravin Rao in January this year.The tech major posted 28 percent decline in net profit when compared to the net profit of Rs 5,129 crore posted in December quarter. However, its net profit rose to Rs 3,690 crore in the three months ended March 31, from Rs 3,603 crore in the same period last year.  “I am pleased with our healthy revenue growth, profitability, and cash generation in Q4. Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. ‘Navigating Your Next’ is our aspiration of how we will partner with each one of our clients,” said Salil Parekh, CEO said in the company statement.”We will execute our strategy around the four pillars of Scaling our Agile Digital business which is today US$2.79 billion in revenue, Energizing our client’s Core technology landscape via AI and automation, Re-skilling our employees, and Expanding our localization in markets such as US, Europe, and Australia,” he added.Ahead of the declaration of Q4 results, shares of the company were trading in the green. It was up 0.50 percent in the stock market. Also, Infosys stocks were among the most actively traded stocks on the Nifty including TCS, followed by State Bank of India, Infosys, Reliance Industries and ICICI Bank.The Infosys shares opened Friday at Rs 1,174.50 against the previous close of Rs 1,162.25, the stock further gained 1.35 percent to Rs 1,177.95 on the Bombay Stock Exchange (BSE).On the National Stock Exchange (NSE), the stock went up by 1.33 percent to Rs 1,178.15.Earlier analysts predicted that with improving economic outlook in key markets like the US and higher adoption of outsourcing in Europe and digital services gaining scale the fiscal year 2018-19 looks better for Indian IT companies.last_img read more