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View Full Version : Sad day: Iverson is broke. Owes 880k



WeaponXXX
02-14-2012, 11:35 PM
With a great story in JLin in the NBA, you have a bad one. Here it is:

http://www.thepostgame.com/blog/dish/201202/allen-iverson-has-no-answer-financial-woes




Allen Iverson has reportedly gone from 11-time NBA all-star to financial deadbeat. The Philadelphia 76ers icon was recently ordered to pay over $860,000 to a jeweler, and he couldn't cut a check.

A Georgia judge has ordered the seizing of Iverson's bank account, so the relatively little money he has left will be garnished, reports the Philadelphia Inquirer.

This isn't just another formerly famous athlete blowing a ton of cash. Iverson was among the biggest superstars in the NBA, earning more than $154 million during a professional career that began back in 1996. (This doesn't include endorsement money and other business deals.)

How did Iverson lose so much?

Loyal to his friends from a youth spent in Virginia, Iverson traveled with one of the biggest posses in professional sports. Bill Lyon of the Philadelphia Inquirer says the group has as many as 50 people for some Sixers home games. "A.I." took a hair stylist on the road with him and also loved to buy jewelry for himself and his beloved mother, Ann Iverson.



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Iverson felt he owed his childhood friends from the old neighborhood because "They made me." The feeling was, without them protecting him from the mean streets, he would have never made it to the NBA.

Apparently they also unmade him.

Despite rumored interest from the Lakers, Iverson is more likely to find playing time and (more importantly) cash outside the U.S. in a place like Puerto Rico.

WeaponXXX
02-14-2012, 11:36 PM
This is pretty sad.

SportsAndrew25
02-14-2012, 11:36 PM
cool story bro. tell it again.

dhopisthename
02-14-2012, 11:38 PM
This isn't just another formerly famous athlete blowing a ton of cash.


yes it is. 154 million is way more then enough to not only support you for the rest of your life, but to support the rest of your family in a reasonable maner. feel no pity for people who blow that much cash

Kashmir13579
02-14-2012, 11:38 PM
Just a sad, sad day. You was my BOY A.I!

Raps18-19 Champ
02-14-2012, 11:41 PM
Dumbass.

Hellcrooner
02-14-2012, 11:43 PM
This was already posted.
We all know Iversons personal life is a disaster, so whats new did he finally sign in Venezuela or Puerto Rico?

Hustla23
02-14-2012, 11:44 PM
No sympathy.

Duncan = Donkey
02-14-2012, 11:45 PM
LOL, what a ****en idiot.

Ray_R
02-14-2012, 11:48 PM
This isn't just another formerly famous athlete blowing a ton of cash.


yes it is. 154 million is way more then enough to not only support you for the rest of your life, but to support the rest of your family in a reasonable maner. feel no pity for people who blow that much cash this

Vampirate
02-14-2012, 11:49 PM
It's Iverson's own fault.

VinceCarter
02-14-2012, 11:50 PM
Anybody who blows more than 8 digits worth of cash is a dumbass and never should've had the money to begin with. I hope AI feels extremely stupid and ashamed of himself.

ThunderousDemon
02-14-2012, 11:51 PM
We're talking about 880k?Not 1mil, not 2mil , not 3mil, but 880k?

Vampirate
02-14-2012, 11:53 PM
To be honest most NBA athletes probably feel invincible when it comes to money because throughout most of their cereer what ever money they blow they would get the same or more from their contract or endorsement deals.

Unfortunatly those spending habits don't leave when they retire and all that cash flow suddenly dissapears.

GodsSon
02-14-2012, 11:58 PM
I wonder if his daughter still needs Henny to cure her sickness...

bholly
02-15-2012, 12:00 AM
yes it is. 154 million is way more then enough to not only support you for the rest of your life, but to support the rest of your family in a reasonable maner. feel no pity for people who blow that much cash

Seriously? Man, reading comprehension, please. The point of that sentence is that this is a superstar blowing a HUGE amount of cash, not just your run of the mill former athlete blowing a few million. They aren't claiming he isn't a former athlete or that he isn't blowing a ton of cash. It's a comment on the size of the situation, not the fact of it.


We're talking about 880k?Not 1mil, not 2mil , not 3mil, but 880k?

You're complaining that the article is too accurate? Ummm...

roju23
02-15-2012, 12:01 AM
I've only been to Atlantic City a few times, but twice I saw Alan I and his entourage at the high roller tables. The second time, my friends and I mentioned it to our dealer and he admitted that AI was a regular. I have a feeling that the gambling may have played a part in this.

I can't help but be reminded of the classic "I'm Gonna Git You Sucka" when the dude "OGed" with the gold. Sounds like he has a jewelry addiction as well.

I hope he can get his ***** together, but I do not feel sorry for him either.

xILLN355
02-15-2012, 12:05 AM
if i was a professional athlete i'd set myself up like the set for life lotto thing.
$1,000 a week

fadedmario
02-15-2012, 12:06 AM
He's trash - plain and simple. Funny thing is Karma - it'll get ya..

Ebbs
02-15-2012, 12:12 AM
Damn I still don't understand how athletes do this.

Gibby
02-15-2012, 12:18 AM
yes it is. 154 million is way more then enough to not only support you for the rest of your life, but to support the rest of your family in a reasonable maner. feel no pity for people who blow that much cash

I think they mean this isn't just a regular nba player going broke. Allen Iverson was superstar. 154 million is a lot of money, which is much more than the people in other stories.

AddiX
02-15-2012, 12:18 AM
He's trash - plain and simple. Funny thing is Karma - it'll get ya..

What did he do thats so bad?

justjames
02-15-2012, 12:43 AM
Poor guy. Literally and figuratively

Cal827
02-15-2012, 12:45 AM
if i was a professional athlete i'd set myself up like the set for life lotto thing.
$1,000 a week

That's what I never understand. For the guys who are fringe players, it's harder, but we are talking about a former star. Not a fringe player, not a fringe player, not a fringe player, but a former star. You would think with the 10 mill + they make each year that it would be so easy to save at least 1 or two per season. Also, they should probably consider buying everything rather than renting crap that they eventually can't pay off lol

thekmp211
02-15-2012, 12:47 AM
the sixers should just pay it off, they probably make still make a mil/year off of AI. real sad though.

bholly
02-15-2012, 12:51 AM
if i was a professional athlete i'd set myself up like the set for life lotto thing.
$1,000 a week

$1,000 a week? How little do you think athletes earn?

PurpleJesus
02-15-2012, 12:53 AM
A.I. to become NBA's Pete Rose

not the gambling thing, but going broke, and selling every bit of himself to get money back...signing autographs for multiple hours at a time, selling his memorabilia, doing used car sales commercials, etc...

Dade County
02-15-2012, 01:02 AM
I don't believe any of this... and i never will.

AIMelo=KillaDUO
02-15-2012, 01:09 AM
He's trash - plain and simple. Funny thing is Karma - it'll get ya..

What did he do so bad that this is karma repaying him... :confused:

DaVille
02-15-2012, 01:11 AM
he should have attended Practice

papirico52
02-15-2012, 01:24 AM
:( Hope he bounces back, he was my first favorite athlete.

heyman321
02-15-2012, 01:30 AM
WE Talking bout practice? LMAO!

Hangtime
02-15-2012, 01:59 AM
Didn't we just hear this same story with Terrel Owens? Whether it's bad financial advice or expensive lifestyles that have been taken for granted for so many years, it is another sad story we hear so often we become immune to it.

Kinglorious
02-15-2012, 02:30 AM
Honestly, how?

You gotta squeeze every penny. (http://27.media.tumblr.com/tumblr_lneacntRFP1qkbodlo1_500.gif)

tyfreaks brotha
02-15-2012, 02:35 AM
It's his fault, but hell he can make at least 400-500k this season which would only put him around 300k in debt. No sympathy though

xILLN355
02-15-2012, 02:48 AM
$1,000 a week? How little do you think athletes earn?

i was just going with howmuch you make off the set for life thing. obviously if i made 10mil/year i'd have it at like 15k/week. haha

The Final Boss
02-15-2012, 02:52 AM
What do you expect from these kind of people?

Gritz
02-15-2012, 03:06 AM
Smh. All the starving people around the world and people blow threw money like usain bolt in the 100m

NoahH
02-15-2012, 03:40 AM
He needs to get his *** back in the NBA

naps
02-15-2012, 04:06 AM
damn! He is my favorite non-Heat player of all time along with the GOAT. That's real sad and stupid at the same time. I feel like I can make my life luxurious with just only a million. I still don't get it...how could you spend close to 200 million in such a short time?

LA_Raiders
02-15-2012, 04:17 AM
cool story bro. tell it again.

lol, that's messed up...

LA_Raiders
02-15-2012, 04:18 AM
He can sign with the Lakers for the vets min, we need a PG... He cant be worst than fisher...

Lim
02-15-2012, 04:30 AM
Quote:

Originally Posted by ThunderousDemon:

We're talking about 880k?Not 1mil, not 2mil , not 3mil, but 880k?


You're complaining that the article is too accurate? Ummm...

wow that went right over your head huh? he was making a "practice" joke.

Antipod
02-15-2012, 04:56 AM
How can you blow 150 mil???F@ crazy and stuuuupid !
Today athletes have zero clue how to run their money....smh...

P Styles
02-15-2012, 09:46 AM
Not sad to me. He earned more than $154m in his career. I won't earn that in my lifetime.

I don't feel bad that he was careless enough to blow his earnings.

RowBTrice
02-15-2012, 10:16 AM
**** no I don't feel bad for him. What an idiot.

dbramforskins21
02-15-2012, 10:17 AM
A.I was one player I looked up to as a kid, trying to do his killer crossover and using the Sixers on the old NBA games. This is really sad because he was one of the greatest basketball players to ever play this game but you cant feel sorry for him when you blow that much money...and even if he was trying to "repay" his hood homies lol. Even if they protected him from the mean streets, I'd never give people from my childhood money especially when most of them that were in the hood then are probably still stuck there now. I wish that he was smarter with his **** but there isn't anything we can do about it, thats all Iverson..maybe he should've praticed money management..

benzni
02-15-2012, 10:19 AM
Oh well. There are more deserving people. Can't feel bad for him

Hellcrooner
02-15-2012, 10:26 AM
He can sign with the Lakers for the vets min, we need a PG... He cant be worst than fisher...Yes he can, at least fisher does not create locker room problems.

theheatles
02-15-2012, 10:34 AM
he should have paid attention in his finance classes while at georgetown

thekmp211
02-15-2012, 10:46 AM
Not sad to me. He earned more than $154m in his career. I won't earn that in my lifetime.

I don't feel bad that he was careless enough to blow his earnings.

i mean, i get where you are coming from and i certainly don't PITY iverson, but in a way i think the fact that it was so much money makes it even more sad. he had all that and couldn't be happy. that ****ing sucks.

adab
02-15-2012, 11:01 AM
Who cares about a degenerate like Allen Iverson? Perhaps degenerate is too harsh. That would assume he ever had a modecum of moral fiber to begin with. Isn't he AI the same guy who started, or at least participated, in a brawl in a bowling alley? Isn't he the same guy who thought that you could spell the word team with I? The guy is, was, and always be a ZERO!
He has more God-given talent than 99% of any basketball player in the history of the NBA, but has less will power or brain matter than 99.99999999% of any NBA player in the league's history.
Why would anyone feel sorry for a reprobate with Peter Pan syndrome. The guy feels an indebtedness to his buddies from his childhood who "helped him" achieve his dreams. So he had a 50 member entourage whom he treated to jewelry and other lavish expenditures. Generaous to a fault he fail to recognise the leaches in his life and eventually ended up broke. What does that say about AI's judgement? When you've earned in excess of $150 million, somewhere along the line, you should recognise the enormous responsibility that comes with all that money.
BTW, how did his buddies "help" him? Did they give him the strength to avoid that brawl? Um, no.
Here's an idea, spend around 0.1% to 0.15% on a financial advisor to ensure you'll never have to work again and still have enough money to take care of you and your mother.

C-Wick925
02-15-2012, 11:09 AM
$1,000 a week? How little do you think athletes earn?

lol i was thinking the same thing.. I would be in some deep **** if i only made 1000 a week


AI is going to start a dog fighting ring with his "posse"

ManningToTyree
02-15-2012, 11:17 AM
Why is this Sad? He is a dumbass for blowing all of that money. They left out the part about him being a compulsive gambler. My uncle has worked in casinos in Philly and AC and he has met Iverson many a times as he was blowing Gs and trashing hotel rooms.

Class A player. Class A scumbag

PTR35
02-15-2012, 11:36 AM
I loved watching this dude play, his speed and killer crossover were awesome!!! But I like to call this the "Sprewell Affect". Lets not forget the VERY expensive jewelry (pinky rings, earings, chains, etc.) that he would sport, his partying habbits and gambling. So no I dont feel bad for this dude at all.

He can always land on some team...nba or over seas and make some cash. Hell he can even write a book about his life at some point and make money, im sure there are some Suckers that'll buy it. :eyebrow:

thekmp211
02-15-2012, 11:44 AM
Why is this Sad? He is a dumbass for blowing all of that money. They left out the part about him being a compulsive gambler. My uncle has worked in casinos in Philly and AC and he has met Iverson many a times as he was blowing Gs and trashing hotel rooms.

Class A player. Class A scumbag

its a disease man. going from multi millionaire to broke and ruining your life is sad, again i don't pity him but how isn't that sad? think about the effect it has on his family.

Ray
02-15-2012, 11:53 AM
154million, you could spend 2million every year for basically your whole life... these guys seriously need financial planners...

Rockice_8
02-15-2012, 11:55 AM
I don't feel bad for any of these athletes that blow that kind of cash and are now broke.

JordansBulls
02-15-2012, 12:26 PM
This is what happens when you buy crap you don't need.

Oldmantrash
02-15-2012, 12:29 PM
If he ever went to practice, then he might be able to make money as a coach.

Guy had millions more than any of us will ever have.

godolphins
02-15-2012, 12:41 PM
Who cares? I don't feel bad for millionaire athletes who lost all their money.

todu82
02-15-2012, 12:43 PM
How is it sad? I respected the heck out of Iverson when he was playing in the NBA but the guy made loads of money. He should have been financially stable for the rest of his life.

Rivera
02-15-2012, 12:48 PM
feel bad for AI... probably a mixture of failed businesses/creditors/taking care of his whole fam from mom to cousins to the people around him which are there just to leech money off AI

AI is a soilder though hes had much less in his life to work with so he will get outta it

BALLER R
02-15-2012, 12:54 PM
is that 154 mill before or after tax?

BALLER R
02-15-2012, 12:57 PM
he should have paid attention in his finance classes while at georgetown

Finance class? we talking bout Finance class, not real money but finance class, Man I'm a huslter *Iverson Voice*

Rentzias
02-15-2012, 12:58 PM
From Anthony L. Gargano's book (http://books.google.com/books?id=7KaqCPX7TDQC&pg=PA70&lpg=PA70&dq=%22allen+iverson%22+monopoly+real+money&source=bl&ots=BXwLihL_UJ&sig=9bjx48TY88ed3RxEZO9bahfuf04&hl=en&sa=X&ei=A-M7T_-GBOiW2gXFrdXzBg&ved=0CCQQ6AEwAQ#v=onepage&q=%22allen%20iverson%22%20monopoly%20real%20money&f=false), where he's talking to Donovan McNabb about athletes and money:

We spoke at length about money. I told him the quote an athlete once told me: “I treat it like a whore—because then I won’t miss it when it goes away.”
I told him an Allen Iverson story. How the Sixers were playing Monopoly with real money while waiting for a flight and Iverson left behind two KFC bags—one filled with chicken scraps and the other with $19,000. An attendant cleaning up the room discovered the contents and returned the money to Iverson just before the plane took off.

numba1CHANGsta
02-15-2012, 12:59 PM
LOL why do athletes always go broke? they need to stop buying so many houses and cars bunch of dumbasses :facepalm:

pebloemer
02-15-2012, 01:12 PM
Does the Players Association have any programs to help athletes manage their money after their careers are over (or during their careers)?

All of these stories are truly pathetic.

LongIslandIcedZ
02-15-2012, 01:37 PM
NBA should do something like set up certain athletes with Money Managers. It's embarrassing that some of these people can blow through millions of dollars.

Heater4life
02-15-2012, 01:38 PM
Leave it to a hood rat to blow his money. 150M, plus endorsements, probably bordering in the same amount. Blowing 300M dollars is a full time job folks.

Rentzias
02-15-2012, 01:56 PM
It reminds me of that Richard Pryor movie "Brewster's Millions," but not as funny.

Squad13
02-15-2012, 02:08 PM
Have to be a special kind of moron to blow that much money. :laugh:

RLundi
02-15-2012, 02:11 PM
Anybody didn't see this coming?

The goods
02-15-2012, 02:21 PM
I've said this everytime I read a story like this,how how do you spend that much money? I couldn't spend that much money if I tried to,its like these guys are trying to go broke,I will say I called this when I was in middle school and he started getting popular he had those huge "A.I."earrings and I said anybody that spends that much on jewlery will go broke.

Da Knicks
02-15-2012, 02:23 PM
thank you A.i. and T.O. for helping out the economy, you guys are the best!

utl768
02-15-2012, 02:23 PM
sad?

i laugh

another deadbeat athlete who blew millions on bling and strippers

he is getting everything he deserves

ArmLaker
02-15-2012, 04:58 PM
No way in hell did AI not throwback a few million for emergency purposes

MickeyMgl
02-15-2012, 05:11 PM
yes it is. 154 million is way more then enough to not only support you for the rest of your life, but to support the rest of your family in a reasonable maner. feel no pity for people who blow that much cash

Yes it is, but I think the reporter was putting emphasis on how much he has blown, like it's not just another "ordinary" story. This one's a doozy.

I agree, though, it's hard to feel sorry for him.

ivylleague1'
02-15-2012, 05:14 PM
Allen Iverson, the Maistro, the Pele of the NBA, 4 times NBA scoring champion, 3 times NBA steals champion, twice NBA champion in scoring and in steals (Interceptions), Perennial top 10 in three major categories (Scoring, Assists, and steals), The world's most dominating guard ever (More dominating than Jordan), MVP, twice MVP of all the stars, Decorated rookie of the year and the holder of the NBA and world's record in number of steals (Defensive interceptions) in a playoff game, nicknamed the ANSWER is not broke. He is a multimillionaire. He is filthy rich. He does not want to give away 880,000.00 for nothing. Iverson is very rich. He does not have to show where his money is at. They call him A.I. , and I call him STUPENDOUS IVERSON

MickeyMgl
02-15-2012, 05:16 PM
We should all start a collection for a person who has brought so much joy and happiness to so many people and who has now hit hard times.



Just kidding. Time to audition for Dancing With The Stars, Allen. Dance, I say!

_

mRc08
02-15-2012, 05:19 PM
We should all start a collection for a person who has brought so much joy and happiness to so many people and who has now hit hard times.

Just kidding. Time to audition for Dancing With The Stars, Allen. Dance, I say!

:laugh2: he probs will.

utl768
02-15-2012, 05:21 PM
he will be the ric flair of basketball playing in some mexican league at age 55 because he is broke and needs money and those leagues will want the publicity

pathetic

ManningToTyree
02-15-2012, 05:21 PM
its a disease man. going from multi millionaire to broke and ruining your life is sad, again i don't pity him but how isn't that sad? think about the effect it has on his family.

I can see feeling for his family but not for him. If you have a gambling problem and don't get help with all the resources he could have afforded I have zero pity for him.

RickyRubio
02-15-2012, 05:23 PM
how the **** do you make $150+ million and go broke? I have no pity for his dumb ***

utl768
02-15-2012, 05:25 PM
how the **** do you make $150+ million and go broke? I have no pity for his dumb ***

paying off woman to not go to the press is expensive

Cryskokid
02-15-2012, 05:31 PM
What did he do so bad that this is karma repaying him... :confused:

He played in Philly. Now we talkin 'bout BANKRUPTCY!

MickeyMgl
02-15-2012, 05:39 PM
If anything, I feel a little bad for his kids.

pd7631
02-15-2012, 05:44 PM
I'm not going to get into it with this thread, as there is a lot of ignorance and ill informed assumptions being thrown around.

But, Allen has always been like a real life "Rocky".......welcome to Rocky V

netsgiantsyanks
02-15-2012, 05:49 PM
I've only been to Atlantic City a few times, but twice I saw Alan I and his entourage at the high roller tables. The second time, my friends and I mentioned it to our dealer and he admitted that AI was a regular. I have a feeling that the gambling may have played a part in this.

I can't help but be reminded of the classic "I'm Gonna Git You Sucka" when the dude "OGed" with the gold. Sounds like he has a jewelry addiction as well.

I hope he can get his ***** together, but I do not feel sorry for him either.

lmfao. dude's whole body was littered with gold.

MickeyMgl
02-15-2012, 05:55 PM
I've said this everytime I read a story like this,how how do you spend that much money? I couldn't spend that much money if I tried to,its like these guys are trying to go broke

Leaving around KFC bags filled with $19,000 eventually starts to add up. And whenever you go to da club, you GOTTA make it rain a few thousand if you want some attention. Then there's the giant dollar sign pendants and other bling....

Like Patrick Ewing once said, "Sure, we make a lot of money, but we spend a lot, too."

Latrell Sprewell even had to leave basketball so that he could feed his family.

:rolleyes:

GiantsSwaGG
02-15-2012, 06:01 PM
A thug hanging out with thugs. What do you expect!

MickeyMgl
02-15-2012, 06:03 PM
Now that he's maybe learned a lesson, he should invest in his future. How much is a piece of cardboard and a sharpie?

bmanjones
02-15-2012, 06:08 PM
reports say hes got 20 million in offshore accounts. Hes a G

utl768
02-15-2012, 06:20 PM
Leaving around KFC bags filled with $19,000 eventually starts to add up. And whenever you go to da club, you GOTTA make it rain a few thousand if you want some attention. Then there's the giant dollar sign pendants and other bling....

Like Patrick Ewing once said, "Sure, we make a lot of money, but we spend a lot, too."

Latrell Sprewell even had to leave basketball so that he could feed his family.

:rolleyes:


A thug hanging out with thugs. What do you expect!

so true

kho1313
02-15-2012, 06:44 PM
The only thing sad about this is that he could't be a responsible adult and manage the MILLIONS he once had. I don't feel bad one bit for him. He made more in one year than I will make in my life and he just threw it all away. No ones problem but his own!

Hustlenomics
02-15-2012, 06:54 PM
because he doesnt want to pay 860K he's broke? he has a lifetime contract with Reebok i doubt he wasted ever penny he has

Nick O
02-15-2012, 07:03 PM
1.not sad its embarrassing
2.doesnt he have a life time shoe contract?

Raidaz4Life
02-15-2012, 07:23 PM
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and yet through it all..... there is still a silver lining....

AIMelo=KillaDUO
02-15-2012, 07:24 PM
So many ignorant comment's it's sickening.

hoggin88
02-15-2012, 07:27 PM
Most people make maybe 2 million over the course of their 40 year careers. This guy made 150 million in less than 20 years. If he is in fact broke, then he's an idiot.

Sanyo
02-15-2012, 07:49 PM
People forget how he was spending -- during his career earnings, he also had to pay 10% to an agent, 10% to a manager, 2-3% to a publicist, a ton of taxes (not sure of his situation though and his tax rate but you can assume it was alot). 50 passe people on the road -- thats a ton of hotels, airfares, food, clothes etc etc. You think AI made them pay for all that? HAHHAHAAHHA...then on top of that he probably paid them a salary or something -- even half of them (25) is a lot! Jewerly, houses, cars,

Yep I can see how he lost all his money -- And oh yeah Lebron James your next with all the passe you take around...

ManningToTyree
02-15-2012, 07:49 PM
So many ignorant comment's it's sickening.

enlighten us

Alayla
02-15-2012, 09:11 PM
because he doesnt want to pay 860K he's broke? he has a lifetime contract with Reebok i doubt he wasted ever penny he has

this is the key the mans not broke

pd7631
02-15-2012, 09:23 PM
enlighten us

Damn near everything about this thread is ignorant. The personal insults about AI and his relationship with his family, somebody inferring that his daughter wasn't sick, and the actual articles being written about the subject are the worst of it all.

Allen Iverson wouldn't pay for jewelry, that is all we know. We don't know why he won't pay for it, we don't know if he is or isn't capable of paying for it, but the media is out to make stories happen with limited facts and knowledge.

DodgerBlue22
02-15-2012, 09:35 PM
the only ignorance I see in here is a guy who thinks it's acceptable to rack up an 880k bill at a jewelry store and decide he doesnt want to pay for it. The fact that it is even a question whether he is broke or not is embarrassing!!

Hustlenomics
02-15-2012, 09:39 PM
this is the key the mans not broke

exactly. People are talking about stuff they dont know

CudiOnMyiPod
02-15-2012, 09:41 PM
Why is this sad... He has made millions and millions and millions and millions and millions and millions and millions of dollars over his career and has gotten to take 50 shots a game for hundreds of NBA games (maybe a thousand).

Ty Fast
02-15-2012, 09:50 PM
Dumbass.

i agree

IndiansFan337
02-15-2012, 10:02 PM
Horribly sad story....It's sad to see someone lose control of things like this. He is the only one to blame for his current monetary troubles.

leoncito
02-15-2012, 10:27 PM
What a lot of people forget is the NBA gives there athletes access to financial advisors so this s**t doesn't happen. Tells you how stupid he really is

effen5
02-15-2012, 11:45 PM
Not sad but what an idiot....

ivylleague1'
02-15-2012, 11:56 PM
Iverson was sued and a sermon was served by the plaintiff. Iverson's attorneys did not respond ( the sermon might have been improperly served etc) and the presiding judge granted a default judgement in favor of the plaintiff. The Plaintiff later filed for a writ of execution and obtained one, and then located Iverson's bank account and then served the writ on the bank. The case was not litigated to its merit, the default judgement can be removed by his lawyers by filing a motion with the court.

MickeyMgl
02-16-2012, 12:05 AM
So many ignorant comment's it's sickening.

:mad:

MickeyMgl
02-16-2012, 12:06 AM
Iverson was sued and a sermon was served by the plaintiff.

Was this in church?

ivylleague1'
02-16-2012, 12:14 AM
Was this in church?


In a court of law. The case has not been fully litigated. It is just an allegation by the plaintiff. No evidence etc was ever presented. Just a default judgement.

pd7631
02-16-2012, 12:18 AM
In a court of law. The case has not been fully litigated. It is just an allegation by the plaintiff. No evidence etc was ever presented. Just a default judgement.

subpoena

COOLbeans
02-16-2012, 12:31 AM
He's not broke IMO, he just doesn't want to pony up the dough

COOLbeans
02-16-2012, 12:34 AM
A lot of you people are young and don't know much about finance

MickeyMgl
02-16-2012, 03:56 AM
subpoena

Or, I think, a summons. Sounds like "sermon".

pd7631
02-16-2012, 04:00 AM
Or, I think, a summons. Sounds like "sermon".

touche

ivylleague1'
02-16-2012, 10:38 AM
Was this in church?


Iam sorry it is summons. I was just in a hurry. Thanks.

heyman321
02-16-2012, 10:52 AM
WE talking bout practice? NOT a game man. PRACTICE.

Punk
02-16-2012, 02:49 PM
Damn, this guy was my favorite player at one time. It's sad to see a great end up like this but at the sametime, you can't feel bad because he brought this on himself.

MickeyMgl
02-16-2012, 04:48 PM
"Will ball for food."

BradfordIsElite
02-16-2012, 04:55 PM
Loved him as a player, can't stand seeing when an athlete goes through something like this though.

Why couldn't I be blessed with the opportunity to play in the league and earn even a 1/4of what he made? I'd be livin' it up in retirement right now.

BigCityofDreams
02-16-2012, 05:39 PM
A lot of you people are young and don't know much about finance

Care to explain. I'm not saying you're wrong but I would like to hear your point of view.

DerekCzajkowski
02-16-2012, 06:42 PM
I have a business degree but finance is simple....don't spend more than you have and if u borrow u better make sure u pay it back as quickly as possible...obviously you can get into the nifty gritty but those r pretty basic things to understand