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

43 Comments

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.

Rumor: Paul George told former Pacers teammates he wanted to join the Lakers

AP Photo/Alex Gallardo
Leave a comment

Paul George to the Lakers is a capital-T thing.

George is from Southern California, and he keeps indicating his dissatisfaction with the Pacers. He’ll be an unrestricted free agent in 2018. Even Lakers president Magic Johnson is talking about George.

Where do rumors like this originate?

Mitch Lawrence of Sporting News:

A SoCal native, he’s been talking about playing for his hometown team, the Lakers, for a long time. He’s never made his long-term intentions a secret within the Pacers’ locker room, according to former teammates. He wants to wear the purple and gold.

Did George say he dreamed of playing for the Lakers growing up? Did he say it’d be cool to join his boyhood favorite team if the situation presented itself? Or did he say he wanted to get the heck out of Indiana to join the Lakers as soon as possible?

There are so many ways his comments to teammates could get misconstrued as they get passed down in the game of telephone.

But the Lakers threat – to whatever degree it’s real – looms, and it’ll impact how the Pacers handle their offseason.

Jazz call deactivating Jeff Withey, who was accused of domestic violence, ‘strategic basketball-related decision’

Harry How/Getty Images
Leave a comment

Jazz Center Jeff Withey was accused of domestic violence in a police report filed by his ex-fiancée.

Withey played a small role in Utah’s first two playoff games, but once the accusation over an alleged 2016 incident became public, he hasn’t seen the court. Withey received a DNP-CD in Game 3 against the Clippers, and the Jazz deactivated the center for Game 4 last night.

Ryan McDonald of the Deseret News:

The team called it a “strategic basketball-related decision.”

Withey was always going to see a reduced role with Rudy Gobert returning from injury.

Though Gobert didn’t play in Game 3, the Jazz had two injured players – Gobert and Alec Burks on the inactive list – so Withey was active but never played. But Withey was active for Game 1, which Gobert started healthy before injuring his knee 11 seconds in.

Therefore, deactivating Withey in Game 4 for Joel Bolomboy, a little-used second-round rookie who has yet to play in the postseason, is a curious choice for basketball reasons. It’s almost as if that wasn’t the reason.

Russell Westbrook on Rockets laughing at Andre Roberson missing free throws: ‘Probably the guys that don’t play’

1 Comment

The Rockets bench made a big production when an intentionally fouled Andre Roberson kept missing free throws in the Thunder’s Game 4 loss to the Rockets yesterday.

Russell Westbrook stuck up for his teammate.

Royce Young of ESPN:

Westbrook:

I didn’t see it. I didn’t see it at all. Probably the guys that don’t play, probably over there the ones laughing, if I had to guess.

Good guess. It appears Montrezl Harrell and Bobby Brown – whose only playing time this series came late in Houston’s blowout Game 1 win – led the jeers.

But the most important thing for the Thunder is Roberson making his free throws. They need him on the court to defend James Harden, which exposes him to hacking. If Westbrook deflecting attention onto the Rockets’ benchwarmers helps Roberson at the line, great. But if not, the Rockets will keep having reasons to laugh.

Magic Johnson winks at bringing Paul George to Lakers

1 Comment

Paul George-to-the-Lakers rumors have swirled for a while.

New Lakers president Magic Johnson will only fuel them.

Asked how he’d interact with the Pacers star to avoid tampering if they ran into each other, Johnson said on Jimmy Kimmel Live:

We’re going to say hi, because we know each other. You just can’t say, “Hey, I want you to come to the Lakers,” even though I’m going to be wink-winking like [blinks repeatedly]. You know what that means, right?

In explaining how he’d avoid tampering, Johnson probably tampered. Accidental tampering appears to be his specialty.

The Collective Bargaining Agreement says team employees can’t permissibly “induce, persuade, or attempt to entice, induce or persuade, any Player who is under contract to, or whose exclusive negotiating rights are held by, any other Member of the Association to enter into negotiations for or relating to his services or negotiate or contract for such services.” But the league arbitrarily enforces tampering, so who knows whether he’ll be punished?

Johnson almost certainly could have gotten away with the hypothetical conversation he laid out. But going on television and describing it — even as fantasy, even not directly to George — could constitute tampering in itself,

If Johnson helps attract George to Los Angeles, it’d well be worth it. At least he’s trying something.