Report: Allen Iverson is not broke because a friend was smart

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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.

Pacers erase 17-point deficit to take 2-1 lead over Cavs

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INDIANAPOLIS (AP) — Bojan Bogdanovic scored 30 points, leading the Indiana Pacers back from a 17-point halftime deficit for a 92-90 victory over the Cleveland Cavaliers on Friday night for a 2-1 lead in their first-round series.

Cleveland was 39-0 during the regular season when leading after three quarters and kept that perfect mark intact with a Game 2 win.

The incredible second-half charge came exactly one year after Indiana blew a 26-point halftime lead in a historic playoff collapse against the Cavs.

This time, the Pacers delivered a devastating blow to the three-time defending Eastern Conference champs – on a night LeBron Jones joined Michael Jordan as the only players in playoff history to record 100 double-doubles. James finished with 28 points and 12 rebounds, but it wasn’t enough to prevent Cleveland from losing its first game this season after leading following the third quarter.

The biggest reason for the collapse: Bogdanovic.

After charging back with striking distance, he completed a four-point play to finally give the Pacers an 81-77 lead with 6:10 left. Bogdanovic followed that with another to make it as seven-point game.

Then James answered with the next seven to tie it.

Bogdanovic came right back with a layup and another 3 before Thaddeus Young scored to give the Pacers a 91-84 cushion with 53 seconds left.

James knocked down a 3 to cut the deficit to four, and the Cavs got another 3 from Kevin Love with 7 seconds left to make it 91-90.

Darren Collison made 1 of 2 free throws with 5 seconds left, giving Cleveland one more chance. But J.R. Smith‘s long desperation heave came up short..

Shaq attacks verse in new TV series "Poetry in America"

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LOS ANGELES (AP) — Shaquille O’Neal called himself “The Big Baryshnikov” and “The Big Socrates” in his days in the NBA. Now he can add “The Big Shakespeare.”

The basketball Hall-of-Famer, TNT TV analyst, commercial pitchman and onetime rapper is putting poetry on his lengthy resume as part of a new public television series.

He brings his best bard to a dramatic reading of a poem in his episode of the 12-part “Poetry in America ,” then discusses it with Elisa New, a Harvard English professor who hosts the show.

“I’ve always been into poetry,” O’Neal said in an interview with The Associated Press in a sunlit conference room overlooking the Los Angeles skyline. “I’ve been writing rhymes all my life.”

“Poetry in America,” distributed by American Public Television and presented by WGBH in Boston, is airing at various times on local public TV stations. Some episodes, including Shaq’s, are already available to stream.

On the show the 46-year-old former All-Star from the Los Angeles Lakers and Miami Heat recites “Fast Break,” a poem by Edward Hirsch from his 1986 book “Wild Gratitude.” It describes some very imperfect players who manage to put together a perfect basketball play.

“A hook shot kisses the rim and hangs there, helplessly, but doesn’t drop,” the poem begins, “and for once our gangly starting center boxes out his man.”

O’Neal, whose 350-pound bulk would never be called “gangly,” still related to the center in the verse, but said he initially missed the poem’s point.

“The first mistake I made was thinking it was about basketball,” he said. “I read it real quick I said `fast break, shovel passes, sure, this is what I do.”‘

He said New, who sat next to O’Neal in the interview and like almost everyone is utterly dwarfed by him, gave him whole new insights that led to a fast friendship.

“When she broke it down intelligently for me, I was very astounded and very amazed,”

The poem is written for a close friend and playing partner of Hirsch’s who had just died. That’s easy to miss if you skip past the dedication at the top, as most readers do.

“It’s fun that only later as you’re reading, you look back at that dedication,” New said. “One line can change everything.”

Suddenly it becomes an examination of transcendent moments and human connections.

“It’s about friendship, it’s about caring, it’s about emotions,” O’Neal said. “I had missed that.”

His latest learning experience took O’Neal’s thoughts back to high school, where he had a 69 percent in English after blowing a test during the basketball playoffs, and needed a 70 to stay eligible for sports.

The teacher allowed him a retest, and suggested a tutor.

“This guy, his name was McDougal, he was a geek, he saved my academic life,” O’Neal said. “Everybody bullied him in school, except me.”

O’Neal said he took the work and “broke it down, made it seem so simple.”

“I retook the test, got an 80, and we won the state championship,” O’Neal said.

“Now,” he said, “I always tell kids I’m a geek.”

The professor had another name for him. “He’s a learner!”

O’Neal partly looked the poet during the interview in a polo shirt and jeans, having traded his basketball sneakers for a pair of slip-on Toms shoes, size 22.

When he wanted them, a company executive told him “it wouldn’t be worth it to make them in my size unless I bought 500 of them,” O’Neal said. “I told him to give me 2,000.”

 

Rumor: Grizzlies had to choose between Marc Gasol and David Fizdale

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David Fizdale has been linked to most of the NBA’s head-coaching vacancies.

He developed a legion of backers as lead a Heat assistant, and he did good things guiding the Grizzlies before they unexpectedly fired him. He deserves consideration.

But he also must explain his fractured relationship with Memphis star Marc Gasol. They weren’t speaking for a while.

And maybe the problem was even worse than that.

Marc Berman of the New York Post:

According to a source close to Fizdale briefed on the Grizzlies’ decision, it was ownership having to make a choice — trade their All-Star center Marc Gasol, who has fallen in love with its small-market city, or fire the coach. Their relationship had gotten that bad.

If Grizzlies ownership felt it had to choose between Gasol and Fizdale, it’s not clear why.

Fizdale benched Gasol down the stretch during the coach’s last game, and Gasol publicly expressed his frustration.

But Gasol denied issuing a me-or-Fizdale ultimatum. Fizdale said focus on his relationship with Gasol was “overblown,” adding he cared far more about whether he could win with a player than whether they got along personally.

Memphis obviously sided with Gasol – probably too strongly.

LeBron James bought Cavs teammates matching designer suits to wear to game tonight

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I’m still trying to decide if this is cool or a little too Stepford.

The Cavaliers rolled into the Bakers’ Life Fieldhouse in Indianapolis tonight wearing matching designer suits, all paid for by LeBron James and custom fitted to each player.

If a college team rolled into a game in four-digit designer suits, the NCAA would have questions. And not about the vests.

The Cavaliers are LeBron’s team, and if he wants to buy his teammates suits and tell them to wear them it’s going to happen. Is it a bonding thing that helps bring them together? Sure. Is it in place to make sure LeBron remembers which ones are his new teammates? Probably not.

Do the suits help on the court? No. And the Cavaliers better bring it in Game 3 because if they go down 2-1 in this series — something that is a realistic possibility — the whispers of doubt are going to get a lot louder.