In 2001, Laettner donated $1 million to his high school, Nichols School in Buffalo, New York to create a scholarship fund for students in financial need and to aid in the completion of a new gymnasium.[15] In 2005, Laettner and Davis donated $2 million to Duke's men's basketball program to endow an athletic scholarship and support the construction of a planned athletics center and basketball practice facility.[16] Their donation to the Duke Legacy Fund—which seeks to make the Duke basketball program financially self-sufficient—represents the largest donation by former Duke basketball players to the program since Grant Hill endowed a $1 million scholarship in 2000
Doesn't sound like a guy with financial troubles....except Wikipedia does say he has financial problems...but that is because of bad business decisions it sounds like. And if I EVER am in the position where I owe someone $30 million...I had a pretty good life. You can't even owe someone that unless you are pretty well off.