Joe Smith Lost $60 Million After Latrell Sprewell Choked Warriors Head Coach PJ Carlesimo

Former NBA player Joe Smith opens up about the financial impact of the Sprewell-Carlesimo incident on his career and contract negotiations.

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Credit: Fadeaway World

In a revealing interview with VladTV, former NBA player Joe Smith disclosed the financial fallout he experienced after the infamous incident where Latrell Sprewell choked Warriors Head Coach PJ Carlesimo. Smith explained that during that time, contract negotiations were ongoing, and the team’s decision to bring in new faces contributed to the breakdown in talks.

“I think the most they ever came to the table with maybe was 50 or 60 at that time, but I felt at the time that I was, you know, worth more and wanted to try and see, play my hand and play my card somewhere else.”

“That was part of the blow-up. I mean, because, you know, they felt they had to bring in new faces all around, all around, from team-wise to organization-wise to coaching-wise. So that was kind of part of the blow up, the start of the blow up. So I was there, I witnessed that firsthand, and as a young guy, that’s something that sticks with you for a while.” (0:22)

According to Smith, he believed he was worth more than the 50 or 60 million offered at the time and decided to explore other opportunities. The situation escalated with the upheaval in the team, both in terms of players and staff, leading to what Smith describes as the start of the blow-up. As a young player, witnessing these events had a lasting impact on him.

The reference to the blow-up likely alludes to the turmoil and changes that followed the incident, which not only affected team dynamics but also had financial repercussions for Smith and others involved. The Sprewell-Carlesimo altercation became one of the defining moments in NBA history, and its consequences extend beyond the basketball court.

Joe Smith’s candid remarks provide insight into the complexities of contract negotiations, player valuation, and the ripple effects of significant incidents within a sports organization. The financial loss he experienced serves as a reminder of how off-court events can have lasting implications on players’ careers and financial trajectories.


What Happened After The Infamous Blowup?

The infamous blow-up between Latrell Sprewell and Warriors Head Coach PJ Carlesimo occurred during a practice session on December 1, 1997. Sprewell, frustrated with Carlesimo’s coaching style, confronted him and eventually choked him, an act that shocked the sports world. The incident immediately led to Sprewell being suspended and, eventually, having his contract terminated by the Warriors.

In the aftermath of the altercation, the Warriors faced a tumultuous season. The team struggled both on and off the court, grappling with the repercussions of losing a key player like Sprewell. The incident had a profound impact on team dynamics, and the Warriors were forced to make significant changes to recover from the fallout.

Joe Smith, who had a front-row seat to the tumultuous events, found himself caught in the crossfire. The contract negotiations he mentioned in the interview became complicated amid the chaos, and Smith’s desire for a more lucrative deal clashed with the team’s need to rebuild.

As a result, Joe Smith was traded from the Golden State Warriors to the Philadelphia 76ers in a three-team deal that also involved the Milwaukee Bucks in 1998. The trade marked the end of an era for Smith with the Warriors, signaling a shift in the team’s direction. Latrell Sprewell’s fate took a different turn. After being traded to the New York Knicks in January 1999, Sprewell revitalized his career and became a key player for the Knicks, earning four All-Star selections in total. 

The Warriors, on the other hand, finished the 1997-1998 season with a disappointing 19-63 record, a stark decline from their performance in previous years. The aftermath of the Sprewell-Carlesimo incident left a lasting impact on the Warriors’ organization, underscoring the challenges teams face when confronted with internal conflicts and the subsequent need for rebuilding and restructuring.

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Vishwesha Kumar is a staff writer for Fadeaway World from Bengaluru, India. Graduating with a Bachelor of Technology from PES University in 2020, Vishwesha leverages his analytical skills to enhance his sports journalism, particularly in basketball. His experience includes writing over 3000 articles across respected publications such as Essentially Sports and Sportskeeda, which have established him as a prolific figure in the sports writing community.Vishwesha’s love for basketball was ignited by watching LeBron James, inspiring him to delve deeply into the nuances of the game. This personal passion translates into his writing, allowing him to connect with readers through relatable narratives and insightful analyses. He holds a unique and controversial opinion that Russell Westbrook is often underrated rather than overrated. Despite Westbrook's flaws, Vishwesha believes that his triple-double achievements and relentless athleticism are often downplayed, making him one of the most unique and electrifying players in NBA history, even if his style of play can sometimes be polarizing. 
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