Allen Iverson struggling big time, drowning in debts

According to court documents filed in Georgia divorce court, former star NBA guard Allen Iverson is living well beyond his means. It’s unfortunate that things are ending this way because he was a true talent.

Pound for pound, 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.

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.

But the former basketball superstar is mired in debt. According to the court 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. However former NBA superstar’s personal expenses is something that he cannot afford, TMZ reported.

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 things. And he still owns his Maybach, which is paid off and worth around $300,000 to $400,000.

Iverson made some $150 million during his NBA career, however now he finds himself $295,876.66 in debt every month.


comments powered by Disqus

Comments are closed.