Duke University basketball legend Christian Laettner has reached a repayment deal that his lawyer said should bring a decade of financial troubles to a close, the Wall Street Journal reported today. The repayment deal reached by Laettner with investors in a North Carolina tobacco warehouse redevelopment project — including former teammates Johnnie Dawkins and Scottie Pippen — will enable him stay out of bankruptcy. Investors had tried to force him into chapter 7 liquidation earlier this year. In court papers filed on Monday, lawyers for Laettner said he had reached a deal on how to divide roughly $10 million in proceeds from Durham, N.C.,’s West Village project among investors including former Duke University teammate Dawkins and former 1992 Olympic “Dream Team” teammate Pippen.
