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Tuesday, April 23, 2013

Allen Iverson is Almost Broke and Drinking His Life Away

(Via Washingon Post)

"....Basketball was Iverson’s sanctuary, and he signed huge contracts: a six-year deal in 1999 worth $70.9 million and, four years later, a new agreement worth $76.7 million. Reebok signed him to a huge endorsement deal, including a deferred trust worth more than $30 million, a lump sum he can’t touch until he turns 55.

....He supported family members and rarely said no to a request for money. McLeod, who occasionally went to the bar with Iverson’s entourage, says his teammate always paid the tab, no matter how much. “He never turned down anybody,” Brown said. “He was there to help everybody. He didn’t think about the future.”

....For the past three years, as Iverson chased an NBA comeback, his marriage fell apart and much of his fortune – he earned more than $150 million in salary alone during his career – dissolved. Now, those who once ignored past signals have recognized that basketball may have been the only thing holding Iverson’s life together.
“He has hit rock bottom, and he just hasn’t accepted it yet,” says former Philadelphia teammate Roshown McLeod.

...Larry Brown, who coached Iverson in Philadelphia, has called often recently, extending invitations to Dallas. Brown now coaches there, at Southern Methodist University, and two of Iverson’s former Sixers teammates, Eric Snow and George Lynch, are on Brown’s staff. Brown thinks it would be good for Iverson to be around the game and people who still care about him, but Iverson hasn’t visited.
“I worry about him,” Brown said. “A lot.”

McKie and others have texted. Iverson responds sometimes, although days or weeks often pass. Other times, there’s no reply. He keeps to himself, something of a recluse, and declines most interview requests. Last year his eldest daughter, Tiaura, asked to live with her father, according to divorce testimony transcripts. She was concerned about how few people her dad interacts with.
“I just don’t like to see it end this way,” Brown said."

Read more here



1 comment:

Unknown said...

I've recently saw on the news that it's not so very unusual for former NBA players to be damn near broke after years of making all that money.. It's sad really...