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 a Philadelphia newspaper.
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. “Allen Iverson” took a hair stylist on the road with him and also loved to buy jewelry for himself and his beloved mother, Ann Iverson.
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 NBA in a place like Puerto Rico.