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The fall of Allen Iverson

Posted on 4/22/13 at 5:01 pm
Posted by Augustus
North Carolina
Member since Sep 2006
8290 posts
Posted on 4/22/13 at 5:01 pm
Came out over the weekend in the Washington Post...REALLY long article, but fascinating. Did a search and got nothing, so if it's Germans, many apologies to the crowd.

Some highlights:

quote:

For the past three years, as Iverson chased an NBA comeback, his marriage fell apart and much of his fortune – he earned more than $150 million in salary alone during his career – dissolved. Now, those who once ignored past signals have recognized that basketball may have been the only thing holding Iverson’s life together.

“He has hit rock bottom, and he just hasn’t accepted it yet,” says former Philadelphia teammate Roshown McLeod.

quote:

Iverson kept living as if another contract was imminent, and Tawanna struggled to curb his spending. According to a bank statement submitted in the divorce, the couple’s checking account was overdrawn by more than $23,000 in July 2011. In a single day, $23,255.36 was deducted – at a diamond store, a hat shop, a steakhouse and a hotel.

quote:

When he met with an investigator to discuss custody of his five children, he “smelled remarkably of alcohol,” according to the investigator’s testimony. Months later, during a scheduled alcohol evaluation, he again arrived with alcohol on his breath.

quote:

Iverson stood during a divorce proceeding in Atlanta in 2012 and pulled out his pants pockets. “I don’t even have money for a cheeseburger,” he shouted toward his estranged wife, Tawanna, who then handed him $61.

quote:

McKie and others have texted. Iverson responds sometimes, although days or weeks often pass. Other times, there’s no reply. He keeps to himself, something of a recluse, and declines most interview requests. Last year his eldest daughter, Tiaura, asked to live with her father, according to divorce testimony transcripts. She was concerned about how few people her dad interacts with.

“I just don’t like to see it end this way,” Larry Brown said.

Full story.

The loss of his money combined with the alcohol has this going down a bad path.
Posted by RTR America
Memphis, TN
Member since Aug 2012
39600 posts
Posted on 4/22/13 at 5:04 pm to
Use to be one of my favorite players.



I really wish this had worked out better
Posted by tgr4ever
Gwinnett, baw
Member since Jul 2011
16214 posts
Posted on 4/22/13 at 5:06 pm to
I will never forgot how he carried the 2000–01 Philadelphia 76ers to the finals.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66478 posts
Posted on 4/22/13 at 5:12 pm to
holy frick
Posted by Bunk Moreland
Member since Dec 2010
53737 posts
Posted on 4/22/13 at 5:13 pm to
Stephen A. did an article like this a few years ago and you could tell it really hurt him to write the article because he loves the guy. AI was into the Detroit casinos for a bunch of money during his short stint here.

I seem to remember a story from a teammate who rented or bought AI's house. AI left garbage bags of cash in the house. The teammate tried to return the money and AI was like "don't worry about it."
This post was edited on 4/22/13 at 5:14 pm
Posted by harry coleman beast
Left Field
Member since Aug 2008
52210 posts
Posted on 4/22/13 at 5:16 pm to
my favorite player of all time.
Posted by saintsfan22
baton rouge
Member since May 2006
71814 posts
Posted on 4/22/13 at 5:21 pm to
He's gonna get paid in 2030 if he makes it that long.
This post was edited on 4/22/13 at 5:21 pm
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66478 posts
Posted on 4/22/13 at 5:22 pm to
quote:

Iverson kept living as if another contract was imminent, and Tawanna struggled to curb his spending. According to a bank statement submitted in the divorce, the couple’s checking account was overdrawn by more than $23,000 in July 2011. In a single day, $23,255.36 was deducted – at a diamond store, a hat shop, a steakhouse and a hotel.


Posted by teke184
Zachary, LA
Member since Jan 2007
96456 posts
Posted on 4/22/13 at 5:31 pm to
AI seems to be The Answer to the question of "What superstar athlete has had the biggest financial flame-out?"

He could still be in the league if he were willing to be a bench player, but his ego wouldn't allow him to do so. That's why he ended up getting waived by Detroit and later Memphis.

That may not pay him superstar dollars, but the veteran minimum is nothing to sneeze at, let alone when you're fricking broke.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
67027 posts
Posted on 4/22/13 at 5:33 pm to
I loved watching him play, but it is really difficult to feel sorry for a thug POS who blew threw $150 million.
Posted by 504hornets
Member since Dec 2011
762 posts
Posted on 4/22/13 at 5:39 pm to
Wow that is so sad that someone with that much money, and now he does not have enough to survive.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 4/22/13 at 5:39 pm to
Oh and........"practice? You talking about practice?"
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 4/22/13 at 5:50 pm to
It's obvious that he has some pretty major issues beyond just being "bad with money".

Sad story but sometimes it's up to you to recognize that there is a problem.
This post was edited on 4/22/13 at 5:51 pm
Posted by mcneil912
Member since Feb 2013
5322 posts
Posted on 4/22/13 at 5:59 pm to
quote:

Iverson stood during a divorce proceeding in Atlanta in 2012 and pulled out his pants pockets. “I don’t even have money for a cheeseburger,” he shouted toward his estranged wife, Tawanna, who then handed him $61.


Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96042 posts
Posted on 4/22/13 at 6:26 pm to
I don't find any of that sad honestly.
Posted by mattz1122
Member since Oct 2007
52883 posts
Posted on 4/22/13 at 7:17 pm to
quote:

few minutes before 8 o’clock, a black Suburban pulls into the players’ parking lot. At 7:59, the passenger door opens, and Iverson climbs out, shouting profanity.



Posted by Sheep
Neither here nor there
Member since Jun 2007
19537 posts
Posted on 4/22/13 at 7:49 pm to
quote:

REALLY long article


It's 3.5 pages, bro.

Not quite "War and Peace."
Posted by Walt OReilly
Poplarville, MS
Member since Oct 2005
124694 posts
Posted on 4/22/13 at 8:20 pm to
quote:

“I don’t even have money for a cheeseburger,
Posted by BuckeyesAndBulldogs
Athens, Georgia
Member since Nov 2011
3235 posts
Posted on 4/23/13 at 12:12 am to
I know he got old but still don't know why he just became irrelevant in the game. You would think he could take a Billups career where you drive and dish. I guess it wasn't in is game and could not adapt.
Posted by CtotheVrzrbck
WeWaCo
Member since Dec 2007
37538 posts
Posted on 4/23/13 at 12:53 am to
So we're suppossed to feel sympathy for a guy who partied, fricked, gambled, shopped, and drank his way through $150Mil of Salary and nearly another $100Mil in endorsements all before age 40?


frick that noise.
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