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


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.

Beef? Bradley Beal says he wouldn’t have re-signed with Wizards and John Wall says he wouldn’t have begged Beal back if true

Bradley Beal, John Wall
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John Wall and Bradley Beal defined their relationship this summer.

Wall: “I think a lot of times we have a tendency to dislike each other on the court.”

Beal: “It’s tough because we’re both alphas. … Sometimes I think we both lose sight of the fact that we need each other.”

It’s hard to spin those direct quotes. These aren’t anonymous sources or players venting after a tough loss. In the calm of the offseason, Wall and Beal spoke bluntly about their partnership in the Wizards backcourt.

But no matter how difficult now, Beal and Wall are trying to cast their relationship in a different light.

Michael Lee of Yahoo Sports:

“This is my brother at the end of the day,” Beal told The Vertical. “Nothing is going to change. If I didn’t want to be here, if we did beef, I wouldn’t have signed my contract. That’s what it ultimately comes down to.”

“And I wouldn’t have begged him to come back,” Wall interjected. “I would’ve been, ‘Don’t come back because in two years, I ain’t coming back.’ We would’ve figured something out. … I think everybody blew it out of proportion for no reason. I mean, if you look at any two great teammates, and two young, great guys, that’s talented and want to be great, you’re going to have ups and downs. Everything is not going to be perfect.”

The flaws in that logic:

Beal was a restricted free agent. The Wizards weren’t letting him go.

Wall is locked up for three more years. It’s in his best interest to have the best teammates possible in that time, whether or not he stays in Washington past 2019. The Wizards had no way to replace Beal with a similar-caliber player.

So, maybe Wall and Beal are completely cohesive. But even if they aren’t, circumstances dictated they continue their basketball partnership.

I believe last summer’s interviews exposed a rift that was forming somewhat beneath the surface. Their honest assessments in the open, Wall and Beal can now go about repairing any cracks in the foundation.

There’s an mostly unavoidable tension between a team’s two leading scorers. That they’re both guards who want to handle the ball makes it only more difficult.

But if Wall and Beal acknowledge their problems, they can try to work past them and win together.

Manu Ginobili: ‘I gave my right one for the Spurs. I can say it. I can really say it’

San Antonio Spurs guard Manu Ginobili (20) poses for photos during Spurs Media Day, Monday, Sept. 26, 2016, in San Antonio. (AP Photo/Eric Gay)
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Manu Ginobili missed weeks last season due to a testicular injury.

Once you finish wincing, let’s share a good laugh.

Casey Keirnan of News 4 San Antonio asked Ginobili whether he’s familiar with the phrase “I’d give my left…”


I gave my right one. I gave it all. I gave it all. I gave my right one for the Spurs. I can say it. I can really say it. True.

Why again did we anoint Tim Duncan THE franchise icon in San Antonio? I don’t think he ever made that level of sacrifice to the Spurs.

Report: Timberwolves declining Adreian Payne’s fourth-year option

MINNEAPOLIS, MN - OCTOBER 7: Adreian Payne #33 of the Minnesota Timberwolves shoots a basket against Mitch McGary #33 of the Oklahoma City Thunder during the fourth quarter of the preseason game on October 7, 2015 at Target Center in Minneapolis, Minnesota. The Thunder defeated Timberwolves 122-99. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Hannah Foslien/Getty Images)
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A few players – Mitch McGary, Jordan Adams and R.J. Hunter – had their rookie-scale-contract team options declined as their teams waived them this offseason. Another player, P.J. Hairston, had his third-year option declined last fall.

But only one player that we know of so far from the 2013 and 2014 draft classes remains on a team but won’t finish his rookie-scale deal:

Timberwolves forward Adreian Payne, the No. 15 pick in 2014.

Minnesota will decline his $3,100,094 team option for 2017-18, a decision that will become official Tuesday.

Darren Wolfson of 1500 ESPN:

Payne will become an unrestricted free agent next summer. The Timberwolves can re-sign him, but only at a starting salary up to $3,100,094. Any other team can offer up to the max.

Payne probably won’t be worth $3,100,094 next summer. He’s a stretch four without 3-point range and a long 2-point jumper that is expectedly inefficient. He doesn’t move well enough in any direction, including vertically, to defend well. The concern on him coming out of Michigan State – that he relied too heavily on beating up on younger players – looks valid. Payne will be a 26-year-old free agent.

But $3,100,094 is a small amount against a large salary cap. Is it really worth letting Payne hit the open market without seeing what he does this season first?

This is the problem the Pacers ran into with Solomon Hill. They declined his $2,306,019 2016-17 team option, and he had a breakout year. He signed a four-year, $52 million contract with the Pelicans this summer as Indiana could do nothing but watch.

I don’t expect Payne to duplicate Hill’s emergence, but the Pacers obviously didn’t see it coming with Hill, either. As long as Payne remains on the team, it’s probably worth Minnesota buying itself an extra year of potentially cheap labor.

If Payne develops, he could be an irreplaceable bargain. If he doesn’t, it won’t cost much to waive him – especially because the Timberwolves can stretch him.

Even if the odds are against that plan bearing fruit, the upside is high enough to justify exercising the option.

But Minnesota apparently feels differently. Barring a sudden change of plans in the next few days, Payne will be on an expiring contract.

Kobe Bryant says he was nearly late to final game, because was busy editing short stories

LOS ANGELES, CA - APRIL 13:  Kobe Bryant #24 of the Los Angeles Lakers waves to the crowd as he is taken out of the game after scoring 60 points against the Utah Jazz at Staples Center on April 13, 2016 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Sean M. Haffey/Getty Images)
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Already eliminated from the playoff chase, the Jazz weren’t focused for Kobe Bryant’s final game. They ceded 60 points to the over-the-hill superstar.

How locked in was Kobe?

Kobe via Thu-Huong Ha of Quartz:

“I was actually at the office until 4 or 4:15 editing a bunch of short stories, and lost track of time,” Bryant told the Wall Street Journal’s Dennis K. Berman. “And I looked at my watch, ‘Oh…I better go home. I got my last game to play.’”

Kobe clearly summoned a will to compete by the time he reached the arena. That was a sendoff for the ages.

But this is another sign he was ready for the next chapter in his life.