Allen Iverson might not return to NBA, but he’s not broke afterall

allen iverson with ballFormer NBA star Allen Iverson, who had a Georgia judge seize his bank account to pay out a nearly-$900,000 jewelry debt, may not be broke after all.

Though Iverson’s insolvency was assumed by many when that news broke last month, the New York Post’s Peter Vecsey, through “a person with a firm grip on the situation” reports that Iverson has an account worth $32 million that he cannot access until he turns 55 years old that feeds him $1 million annually.

That account, Vecsey writes, was created by “(someone) who cared a great deal for Iverson and grasped the extent of his habits, loyalties and generosity.”

When he turns 45, the 36-year-old Iverson will be eligible for an NBA pension that would pay him $8,000 a month, according to the Post. The longer he waits to tap into that, the greater the monthly payout would be.

Meanwhile, Iverson’s attempts to make an NBA comeback appear to have stagnated. Reports surfaced last month, around the time of the judge’s ruling against him, that he was willing do whatever it took to hook on with another team.

Iverson has been out of the NBA since 2010 and made a brief appearances in Turkey in 2010-11. Discussions earlier this year with Puerto Rican professional teams never amounted to anything.

The former star baller spent time in Philadelphia, Denver, Detroit and Memphis during his 14-year NBA career.

Iverson last played in the NBA in March 2010 before leaving the Sixers to take care of his daughter. He played professionally in Turkey during the 2010-11 season, and has also played some exhibitions in China.

He spent 14 seasons in the NBA, and was a winner of both the Most Valuable Player and Rookie of the Year honors. He is an 11-time all-star, and 4-time scoring champion.

Iverson 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.

Iverson played in 914 NBA games (901 started), and holds career average of 26.7 points per game, and 6.2 assists per game, with 41.1 minutes per game.

Four times in his career he averaged more than 30 points per game in a regular season – all with Philadelphia 76ers.


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