Feb 6, 2013, 11:42 AM EDT
There have been a lot of reports over the years about the state of Allen Iverson’s finances, some suggesting he is in a serious hole.
TMZ broke the story … Iverson allegedly defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. He briefly fought off an auction … but ultimately, he couldn’t stop it.
Sources close to the sale tell TMZ … Iverson’s bank purchased the mansion yesterday for $2.5 million.
I want to believe the previous reports that Iverson has a trust set up and he gets a certain amount of money every year, that he is not broke. If course, getting an annual stipend doesn’t have anything to do within your means. Iverson also didn’t come off well in his divorce proceedings this week.
Iverson says he wants one more shot in the NBA but has turned down a path back to the NBA through the D-League. After his performance on and off the court his last year in the NBA before, teams are not going to give him a chance unless he goes to the D-League or Europe and proves he is physically and mentally right. I think the end result is Iverson will never be back in the league as a player. A consultant, maybe. But not a player.
- Cavaliers complete sweep of Hawks, advance to NBA Finals 4
- Kyrie Irving back in Cavaliers lineup for Game 4 vs. Hawks 4
- NBA: No Game 5 suspension for Dwight Howard, flagrant-1 for hit on Andrew Bogut stands as called 16
- Report: Kyle Korver to have surgery on his ankle 5
- PBT Podcast: We’re back (finally), talking Curry, Harden, and what should be a Flagrant Foul 0
- PBT Extra: Will Dwight Howard’s foul on Bogut be upgraded to a Flagrant 2? Should it? 12
- PBT Extra: Horford/Dellavedova incident ups tension in Hawks/Cavaliers Game 4 10
- Elimination game Josh Smith is a thing, Rockets live to play another day 6