Geiger sues over mansion sale's collapse

Even former basketball stars with 23,300-square-foot mansions can't hide from the housing bear. Just ask retired National Basketball Association center Matt Geiger. In a lawsuit filed Monday, Geiger sued Global Asset Holdings LLC, accusing the Delaware corporation of backing out of a November deal to buy Geiger's northern Pinellas County estate for $21-million. As it bailed from the contract in February, Global Asset blamed "market conditions in the real estate market across the country." Geiger complained in the lawsuit that he'd been forced to turn down another offer of $15-million in December. The three-story house includes a theater, sauna, game room and cigar room.