Allen Iverson Still Spending Money Like He’s in the NBA

By Anonymous -
Iverson's divorce put his financial woes out in the streets, kind of like he did his wife back in the day
 
by Ashley R. Harris
 
Pound for pound, Allen Iverson can be considered one the NBA’s greatest players. Selected as the No. 1 pick in the 1996 NBA draft by the Philadelphia 76ers, the prolific guard went on to be named the Rookie of the Year in his inaugural season. During the course of his 15-year career, Iverson has been an 11-time All-Star, four-time scoring champion, and two-time All-Star Game MVP. His playoff scoring average is 29.7 points per game—second only to Michael Jordan — and he took his team all the way to the NBA Finals in 2001 but lost to the Los Angeles Lakers in five games. Despite never winning a championship, Iverson was rated the fifth greatest NBA shooting guard of all time by ESPN in 2008.

But the former basketball superstar is mired in debt. Iverson and his wife have publicly battled each other, then reconciled, but this time it seems like it’s over. The two are in the middle of a nasty divorce and are working out the details of the settlement, but according to documents filed in Georgia, Iverson has little to offer because he spends way more than brings in.

According to the documents, Iverson brings in $62,500 a month, but he spends $358,376.66. He spends $125,749.33 paying his creditors – like his jeweler and his mortgage (which is scheduled to be auctioned off today) back. But, his personal expenses are the killer. Iverson spends $10,000 a month on clothing, $10,000 on grocery, a stack on dry cleaning, $5,000 on entertainment, $5,000 on eating out and other stuff — all according to TMZ.

The silver lining in all of this – he still has his Maybach, which is paid off and worth around $300,000 to $400,000.

Um, swag?

He’s spending like he still has the $150 million he made during his career, but alas that is gone. Now, he finds himself $295,876.66 in the hole each month.

TMZ’s got the full story.
 

Comments

Post a Comment

Thanks for commenting. You email address and IP Address has been recorded for future reference. any anonymous comment which is deemed abusive will be removed and investigated for further action.

Popular posts from this blog

FOX NEWS HOST REFUSES TO BOARD PLANE WITH BLACK FEMALE PILOT

By Anonymous -
conservative commentator and author Ann Coulter has lost her mind! She refused to stay on board a Miami to New York flight after learning the pilot was a Black woman. According to witnesses, Coulter was concerned the experienced, decorated pilot may have gained her position as a result of affirmative action and wasn’t fully qualified to fly. The incident began when Coulter boarded the American Airlines flight and took up her first class seat. After a trip to the bathroom, she noticed the pilot was a black woman and became immediately distraught. According to passengers, at that point Coulter stood at the front of the cabin and began screaming her concerns to the entire flight as they finished boarding. “Aw come on people, a black woman flying a plane? You know she got that job through affirmative action. Am I the only one worried about this? I mean hello? Our lives are at stake here…” The confused passengers weren’t sure what to make of Coulter’s outburst, and rema...
Read more

Cops and GOP Are Team Up to Undermine NY Mayor with Emails and Racist Chats

By Anonymous -
Image
December 29, 2014  |   When hundreds of cops from around the country and as far away as Canada turned their backs on New York City Mayor Bill de Blasio during the funeral of Officer Rafael Ramos, the NYPD officer shot to death alongside his partner Wenjian Liu by a deranged gunman, they fired the first salvo in a carefully coordinated political operation aimed at discrediting the liberal mayor and shattering the ongoing anti-police brutality protest movement. AlterNet has obtained emails revealing plans to organize a series of anti-de Blasio protests around the city until the summer of 2015. Billed as a non-partisan movement in support of “the men and women of the NYPD,” the protests are being orchestrated by a cast of NYPD union bosses and local Republican activists allied with Rudy Giuliani, the former mayor who recently called on  de Blasio to “say you’re sorry to [NYPD officers] for having created a false impression of them.” The first rally...
Read more

MOM & 12 KIDS HOMELESS AFTER FAKE LANDLORD SCAM

By Anonymous -
Image
After pouring thousands of dollars into her decrepit house, Tocco Collins made the heartbreaking discovery that she had been seriously scammed. The mother of 12 had waited patiently for her landlords to deliver on their promises to fix the house’s holes, broken windows and burned out light box, CBS Atlanta reports. But after seven months, Collins learned that the phonies she had been paying $600 a month in rent didn’t own the home and had also skipped town. The actual owner had no idea her home was being rented out. “Step by step, I’m trying to make some effort,” Collins told the news outlet. “Right now I’m lost.” The Atlanta mother and her children are now homeless. They’re also at risk of getting broken up by child services, a devastating fate that do-gooders are trying to prevent. Members of Occupy Atlanta are raising money for the family to buy a new home, and volunteers said they would help renovate the new residence after it’s secured. Getting duped by a ...
Read more