Skip to content

Another report Allen Iverson is broke

Feb 14, 2012, 1:07 PM EST

Allen Iverson

When Allen Iverson was playing in Turkey last season, there was a report that he did it for the $2 million because he was broke. That he had burned through the $154 million in salary he earned as a player (not counting endorsements). Iverson denied that charge saying he would be a “damn fool” to blow through all that money and not be able to take care of his children.

But now comes another report about Iverson and money issues. PBT passed along the note last month that a jeweler had won an $860,000 settlement against Iverson for non-payment.

Bill Lyon at the Philadelphia Inquirer adds to that with this note:

A Georgia judge has ordered Allen Ezail Iverson to pay a jeweler about $860,000. But apparently he can’t, so his bank account has been commandeered, and his earnings, whatever of them may be left, are to be garnisheed. The King of Bling, it would seem, is about to become the Prince of Pawn.

Certainly in the next 24 hours or so, Iverson will deny this report as well. And frankly, I don’t know who to believe as I don’t have access to Iverson’s personal financial records (although you would think the judge in this case would, and the circumstantial evidence is piling up against AI, like him thinking of playing in Puerto Rico).

Either way, it’s a sad ending that should not mar what was one of the most legendary and unique careers the NBA has ever seen. There has never been a scorer under 6’2” as good — or entertaining — as Iverson.

Latest Posts
  1. Good news: Chris Bosh released from hospital

    Mar 2, 2015, 8:30 AM EST

    Miami Heat v Atlanta Hawks Getty Images

    He remains out for the rest of this season at least.

  2. Report: Sixers engaged in buyout talks with JaVale McGee

    Mar 1, 2015, 4:30 PM EST

    Indiana Pacers v Philadelphia 76ers Getty Images

    The deadline for McGee to be waived in order to be eligible to join another team for the playoffs is midnight Sunday.

  3. Adam Silver says data may prove Gregg Popovich right in terms of resting multiple players

    Mar 1, 2015, 2:30 PM EST

    SAN ANTONIO SPURS V DALLAS MAVERICKS Getty Images

    Silver talked about the league one day sharing injury data at the MIT Sloan Sports Analytics Conference.

  4. Jordan Brand previews 2015 holiday retro lineup (PHOTOS)

    Mar 1, 2015, 11:30 AM EST

    304775-142_Back3Q_native_600

    A look at upcoming retro releases of the Jordan VIII, Jordan 1, Jordan XIV Low, and the Jordan VII.

  5. Markieff Morris rips Suns fans after blowout home loss to Spurs

    Mar 1, 2015, 10:00 AM EST

    Phoenix Suns v Denver Nuggets Getty Images

    Odd timing, only because fans in Phoenix have historically shown up for games against San Antonio and Los Angeles.

  6. Michael Beasley with a monster slam over Hawks’ Mike Muscala (VIDEO)

    Mar 1, 2015, 8:33 AM EST

    Milwaukee Bucks v Miami Heat Getty Images

    Beasley throws one down in his second game back with the Heat.

Featured video

Is Derrick Rose the next Penny Hardaway?
Top 10 NBA Player Searches
  1. D. Rose (8415)
  2. K. Durant (7480)
  3. R. Westbrook (7030)
  4. D. Howard (6802)
  5. S. Curry (6305)
  1. L. James (6146)
  2. P. George (6060)
  3. A. Davis (5844)
  4. B. Beal (5355)
  5. B. Griffin (5343)