Feb 6, 2013, 11:42 AM EST
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.
Nov 21, 2014, 1:39 PM EST
Martin suffered injury against Knicks on Wednesday
Nov 21, 2014, 1:01 PM EST
Did Bulls center think Cousins flopped?
Nov 21, 2014, 12:25 PM EST
Brooklyn forward had fallen from rotation
Nov 21, 2014, 11:47 AM EST
Mark Cuban says technology will give his team an edge on the court
Nov 21, 2014, 11:08 AM EST
How long will Celtics general manager keep that stance?
Nov 21, 2014, 10:29 AM EST
Yup, Richardson is still hanging around the 76ers
Nov 21, 2014, 9:51 AM EST
Cavaliers and Rockets were reportedly interested in Timberwolves forward
Nov 21, 2014, 9:14 AM EST
Who would have figured offering a 50 percent discount following Philadelphia wins wouldn’t work?
Nov 21, 2014, 8:38 AM EST
That’s a look
Nov 21, 2014, 8:00 AM EST
Add rookie’s mom to long list of people angry about 76ers tanking
Nov 21, 2014, 12:15 AM EST
Morris said Pistons’ Kentavious Caldwell-Pope “doesn’t have any heart”, Van Gundy fires back.
Nov 20, 2014, 11:15 PM EST
Another one that shouldn’t be punished.
Jason Kidd tells Joe Johnson ‘we know it’s coming to you’ late in Bucks’ triple-overtime win over Nets
Nov 20, 2014, 10:15 PM EST
Kidd trash talked his former player in crunch time.
Nov 20, 2014, 9:15 PM EST
This one isn’t really worth punishing.
Nov 20, 2014, 8:15 PM EST
Adam Silver’s support for legalized sports betting is making him unpopular in some circles.
Nov 20, 2014, 7:30 PM EST
The virus has affected almost half of Memphis’ roster.
Nov 20, 2014, 6:45 PM EST
Love is averaging 16.7 points per game in his first year with the Cavs.
Nov 20, 2014, 6:00 PM EST
NBPA director Michele Roberts calls the suspension “excessive.”
Nov 20, 2014, 5:15 PM EST
Rose could be out longer.
Nov 20, 2014, 4:30 PM EST
17 is far too low.
- Timberwolves’ Kevin Martin out indefinitely after scoring 31 points with fractured wrist 2
- Andrei Kirilenko leaves Nets for road trip, Lionel Hollins unsure if he’ll return 5
- Report: Danny Ainge telling other teams he won’t trade Rajon Rondo 7
- PBT Extra: How would the NBA benefit from legalized sports betting? 2
- NBPA ready to appeal Jeffery Taylor’s 24-game suspension 11
- Alex Len, No. 5 pick in a draft full of players who looked like busts as rookies, showing he doesn’t deserve the label 5
- PBT’s Wednesday night NBA Winners/Losers: Video of LeBron’s fumble, other tight finishes 14
- LeBron James, with chance to beat Spurs, loses ball to end game (video) 39