Maybe he’s short on cash because of all the money he forked over to his mistress?! Stephon Marbury is being sued over a bad deal for a 2007 Land Rover. I hope athletes are learning from these kinds of CRAZY mistakes. Definitely not the smartest deal to make. Hit the jump for details…
Via TMZ:
Marbury — who made more than $88 MILLION in his NBA career — is being sued for “refusing” to make his car payments on a Land Rover he bought back in 2007.
But the real story is the contract Stephon signed with the dealer — which shows he agreed to a 6-year lease on the $96k vehicle … with a ridiculously high 11.5% interest rate.
If you’re keeping score … Marbury agreed to pay roughly $37,000 IN INTEREST ALONE if he kept the car through the end of the lease for a total of $133k on a $96k whip.
As for the lawsuit, the creditors claim Stephon stopped making payments in 2012 … and owes them $35k for the car.
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