Blog Entry

Ex-NBAer Christian Laettner avoids jail over debt

Posted on: September 16, 2011 8:37 pm
Edited on: September 17, 2011 1:49 am
 
Posted by Ben Golliverchristian-laettner-nba

The iconic image of NBA journeyman Christian Laettner will always be of him running, arms above his head, joyfully celebrating a miracle last-second game-winner for Duke University in the NCAA tournament. These days, Laettner is still on the move, but it's because he has creditors and a federal judge chasing after him.

TwinCities.com reports that Laettner and former Duke teammate Brian Davis were ordered to court on Friday by a judge so that the judge could determine whether the pair is capable of paying back money lent to them in a real estate development deal.
Former Timberwolves Christian Laettner and Brian Davis have been ordered to a Washington courtroom today to explain to a judge why they shouldn't be held in contempt. If their answers don't satisfy the judge, the former Duke University stars could be sent to jail - an outcome few could have predicted four years ago when they were basking in the success of their West Village development in downtown Durham, N.C.

Today's court hearing relates to a $671,309 judgment awarded to California investors J.D. Holdings in June. J.D. Holdings loaned Laettner and Davis' company, Blue Devil Ventures, $500,000 in November 2006 to develop property in Baltimore.

The motion asking the judge to find Laettner and Davis in contempt accuses the men of thumbing their noses at the judgment and ignoring requests to show whether they have assets to satisfy the judgment. It requests that Laettner and Davis be ordered to surrender to the U.S. Marshals office and remain locked up until they comply with the order.
The greatest scene in television history would be Walker, Texas Ranger arresting Laettner, wouldn't it? Preferably with a lasso after firing a warning shot in the air. This needs to happen. 

NewsObserver.com reports that Laettner did not respond to recent requests for comment and that he still possesses a valuable real estate development in Durhan, N.C.
Even now, as Laettner and Davis try to fend off angry creditors, West Village remains the jewel in their crumbling real estate empire. Its mixture of apartments, restaurants and offices continues to thrive, making it attractive to investors and to those angry creditors determined to pursue Laettner and Davis' assets.

Laettner and Davis have made it clear they are open to selling some, or all, of the remaining properties they own in West Village. But it remains to be seen whether the proceeds from those sales will be enough to cover the debt on the properties and repay the millions they owe creditors.

On Friday, HeraldSun.com reported that the judge ruled that Laettner and Davis were not in contempt of court and that the pair had two weeks to "disclose their assets and liabilities" to their creditor.

Well, not to spoil the ending, but it sounds like this one will end with Laettner being forced to sell off his property to make good on his debts. Boring old white collar crime.

Following a standout career at Duke, enjoyed a 13-year NBA career, playing for the Minnesota Timberwolves, Atlanta Hawks, Detroit Pistons, Dallas Mavericks, Washington Wizards and Miami Heat. Laettner averaged 12.8 points and 6.7 rebounds in 29.7 minutes per game for his career. Basketball-Reference.com reports that he earned more than $61 million in salary over his career despite failing to live up to expectations after being selected with the No. 3 pick in the 1992 NBA Draft.
Category: NBA
Comments

Since: Aug 30, 2007
Posted on: September 17, 2011 10:19 pm
 

Ex-NBAer Christian Laettner avoids jail over debt

 
It indicates the NBA is infested with criminal elements, thieves, deadbeats and the like. 
It is.



Since: Nov 23, 2007
Posted on: September 17, 2011 7:13 pm
 

Ex-NBAer Christian Laettner avoids jail over debt

I saw that broke joke Christian Laettner at a gas station here in Jacksonville, Florida a few months back, wearing an old Wizards jump suit.  He was driving a Jeep Wrangler scared pump his gas or whatever he was doing.  I went to him because I knew he was too tall not to be Laettner, and sure enough it was him.  I asked for an autograph and he acted like he had was too good to even look at me.  I started to kick him, but I didn't go to Duke...  He drove off and I thought to myself, he's going to hit rock bottom one day with his attitude.  What goes around comes around!



Since: Mar 4, 2007
Posted on: September 17, 2011 11:15 am
 

Ex-NBAer Christian Laettner avoids jail over debt

Sounds like the "refs" (the judge) aren't gonna bail Laettner and Davis out on this one.  Anybody not affiliated with the Dook basketball program has known for a long time that these two guys are low-lifes (the endless taunting, kicking opponents, cursing at opponents, while at Dook).  Which wouldn't be a big deal if Dook Vitale hadn't spent countless hours shrieking about how they "represent all that's good about college basketball."

Who you gonna believe, your lying eyes or Dook Vitale's big fat lying mouth?




Since: Feb 10, 2008
Posted on: September 16, 2011 11:32 pm
 

Ex-NBAer Christian Laettner faces jail over debts

AHHHH! Poor baby!!! Don't think Coach K can get ya outta this one.....but you could always go kick that kentucky player like ya did to make ya feel better. Some of these pro athletes make us hard working people feel sick!! I make it on just over 20 G's a year so why can't they with millions!!!





Since: Jun 13, 2007
Posted on: September 16, 2011 10:38 pm
 

Ex-NBAer Christian Laettner faces jail over debts

DUKE!  When I see a story about Christian Laettner, I think DUKE UNIVERSITY: I don't think NBA.  So to title the story "Ex-NBAer Christian Laettner..." gives the NBA a bad name.  It indicates the NBA is infested with criminal elements, thieves, deadbeats and the like.  The story should have been titled "Former Duke All American and College Basketball Champion Christian Laettner..."   What's next?  "Former Pittsburgh Pirate Babe Ruth...  Former Denver Bronco Jerry Rice... Former Seattle SuperSonic/Oklahoma Thunder Patrick Ewing... Former Notre Dame football head coach George O'Leary..."  there are two left, I promise, "Former New York Jets Head Coach Bill Belichick and former AZ Diamondbacks' manager Wally Backman..."  DUKE!


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