Someone in Allen Iverson’s inner circle was a true friend to the man.
We reported recently on a judge ordering Iverson to pay more than $850,000 to a jewelry store for goods received, and the judge needing to go into his bank account and get what they could.
If that happened to you or me, it’s a sign that we’re broke. There have been a lot of reports Iverson is busted. That is why he is willing to play in Puerto Rico or the D-League.
But like I said above — and as Peter Vecsey laid out in detail in the New York Post — someone in Iverson’s inner circle was a true friend. Someone recognized if just given the money he would burn through it, so…
A person with a firm grip on the situation informs me Iverson has an account worth $32 million, a principal he is prohibited from touching until 55. In the meantime, it feeds him $1 million annually.
At 45, Iverson is eligible to start drawing on an NBA pension that maxes out at 10 years of active duty, or take whatever’s there as lump sum. He will be entitled roughly to $8,000 per month ($800 per x 10).
If at all possible, Iverson will issue a restraining order against himself until he’s 62 or so. At that time, I’m told, his lump sum will be between $1.5 million and $1.8 million, or he can elect to take monthly checks of approximately $14,000 per.
The $32 million is known as the “Reebok fund” among Iverson’s friends, because the money came from shoe deals.
Now, living with in those means may be a challenge for Iverson. But someone had the foresight to protect the man from himself, and that is going to save him. That is what a true friend does.
The Cleveland Cavaliers are going to make moves at the deadline — they have surveyed the landscape and realize they may need help just to get out of the East this season, forget about the Warriors (or even Rockets).
It’s been reported before that Sacramento guard George Hill is of interest to Cleveland. The Cavs could use guard help — they have Isaiah Thomas at the point, and a combination of Dwyane Wade (really a three), Iman Shumpert (injured) and the starter J.R. Smith at the two. Hill is a defensive upgrade, can play some backup point guard, and generally give them solid minutes when healthy.
Which is why the sides are still talking, reports Adrian Wojnarowski of ESPN.
Channing Frye and Shumpert straight up for Hill works as a legal trade. It also works for the Cavaliers, as Frye and Shumpert are not part of the rotation. But adding another older player (31) who has an injury history (he hasn’t played even 50 games the past two seasons) to this roster comes with a lot of risks. Is it really worth that for Cleveland? This is not a deal that changes things much, it’s just a better fit for the Cavs.
It’s less of a good deal for the Kings, who want a deal that is about how it helps them two or three years from now as they rebuild. The only advantage Shumpert and Frye give the Kings is their contracts are shorter — Frye is a free agent next summer, Shumpert has a player option at $11 million for next season, while Hill has two more years after this one on his contract. However, neither player would be part of the Kings’ long-term plans, so the Kings likely want a pick or something else in this deal to make it work for them.
The Cavaliers are going to do something at the deadline. What remains to be seen. While there may be trades that help them get out of the East, there isn’t anyone available who solves their Warriors problems, and if they can’t get that it’s hard to imagine them throwing in the Brooklyn pick in a trade (their biggest chip). The moves will be smaller, not grand ones.
J.J. Barea got hit with a technical foul for jawing with John Wall during the Mavericks’ win over the Wizards yesterday.
The trash talk only intensified after the game.
Wall, via Chase Hughes of NBC Sports Washington:
“It was cool. It was funny. It was just a little midget trying to get mad. So, I paid him no mind.”
Barea, via Tim MacMahon of ESPN:
“Now I have somebody in the NBA that I don’t like,” Barea said. “That’s my first. I don’t like him at all now. But I don’t think his teammates like him, either. So it’s nothing new for him.”
Barea is short, listed at 6-foot.
Do Wall’s teammates dislike him? A lot of that perception stems from his relationship with Bradley Beal, and it seems their biggest troubles are behind them. But the chemistry in Washington isn’t quite right. The latest evidence:
The Wizards got outscored by a whopping 20 points while diminutive J.J. Barea was on the court last night.
And that’s how you burn the burners.
The Cavaliers have lost nine of 12. Prominent Cleveland players are raising concerns about the roster. Rumors are swirling about coach Tyronn Lue getting fired. The locker room is in disarray. Some Cavs are even pointing the finger at LeBron James himself.
And this is what LeBron posts to Instagram hours before tonight’s Cavaliers-Spurs game:
LeBron is just seven points from 30,000. The only players to score so much in their careers: Kareem Abdul-Jabbar, Karl Malone, Kobe Bryant, Michael Jordan, Wilt Chamberlain and Dirk Nowitzki.
It’ll be a nice milestone for LeBron, but he darn well better score those seven points tonight. Not getting there tonight would be the simplest way to make this even more insufferable.
Mavericks rookie Dennis Smith Jr. already looked like he was competing in the dunk contest.
Apparently, he’ll put those skills to use in the real thing.
And so will Aaron Gordon (Magic), Victor Oladipo (Pacers) and Larry Nance Jr. (Lakers).
Shams Charania of Yahoo Sports:
Oliver Maroney of Uproxx:
The number of contestants in the dunk contest has varied, but it’s been four the last few years. So, this might be the entire field – and it’d be a strong one.
Gordon narrowly lost to Zach LaVine in an epic dunk contest a couple years ago. Oladipo brings star power, as he’ll probably play in the actual All-Star game. Nance has the pedigree, and I bet he involves his dad – who won the NBA’s first dunk contest in 1984 – in a dunk. Smith is the young up-and-comer with the first platform to prove himself nationally.
I can’t wait.