It’s always hard for me to imagine professional athletes — athletes who make millions and millions of dollars over ten and fifteen year careers — go broke. Dead broke. I don’t feel bad for them, because, hey: What I make in a year they make in a day. If they’re the underpaid ones.

Add Latrell Sprewell to the list of athletes who have gone broke.

Former NBA star Latrell Sprewell’s home is up for foreclosure and his yacht sold at auction to help pay off the $1.3 million he owes on the boat, according to court filings.

RBS Citizens NA, or Citizens Bank, filed a foreclosure suit last week in Milwaukee County for the $405,000 home Sprewell bought in the Milwaukee suburb of River Hills in 1994.

In court documents, the bank said Sprewell owed $295,138 in outstanding payments plus interest.

Sprewell failed to make his mortgage payments of $2,593 per month from September 2007 to January 2008, the documents said.

It should be noted that back in 2005, Sprewell refused $21 million over three years because, and I quote, “I’ve got a family to feed.”

That quote makes his misfortunes that much more enjoyable.