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.

Report: No criminal charges to be filed against Matt Barnes

Matt Barnes
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The NBA is still investigating and can take its own action. In theory people involved in the incident could decide to file a civil lawsuit (although Fisher said he would not).

However, Memphis’ Matt Barnes is not going to face any criminal charges for an altercation he instigated with Knicks’ head coach Derek Fisher at the home of Barnes’ estranged wife in Los Angeles, according to police, who talked to TMZ.

Matt Barnes will NOT be charged with a crime for allegedly attacking Derek Fisher over the weekend … the Redondo Beach Police Department tells TMZ Sports.

Cops tell us they did respond to an incident and a police report was filed regarding the altercation — but officers say the case “was reviewed and there is no basis for criminal charges.” As we previously reported, a witness at the home says Barnes struck Fisher in the face and a fight ensued. However, the NY Post is reporting that Fisher did not want to pursue charges against Barnes.

Fisher has been seeing Gloria Govan — Barnes’ estranged wife and star of the “Basketball Wives” reality series — for several months, and was over at her house in the South Bay of Los Angeles Saturday night, along with other friends. Barnes said he got a call from one of his two sons, who “looked distressed” that Fisher was over, and that caused Barnes to drive over to the house. Once he arrived an altercation broke out between the two men, with Barnes allegedly texting a friend that he beat up Fisher and spat in his wife’s face. That’s not going to scar the young boy any further, well done.

If Barnes did this as described (and we don’t know the details), the NBA has to look hard at this. Barnes does not get to decide for a woman he is no longer seeing who she can and cannot see, and who she has over to her home. She is not property. That is the level of control seen in domestic abuse situations, and the league can’t sit back and tolerate it.

PBT Extra bold prediction previews: Knicks will be better. Slightly.

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I like the Knicks’ offseason moves. Well, not blowing the meeting with LaMarcus Aldridge before it ever started — you say the right things and take him to a nice dinner because that is the kind of elite player you need to try to land. Take the meeting.

However, bringing in Robin Lopez and Arron Afflalo were smart pickups, and I like the Kristaps Porzingis draft pick more than many (although we need a couple of years to see how good he will really be). Combine that with a healthy Carmelo Anthony and…

The Knicks suck less. They aren’t good, but they aren’t embarrassing. And that is step one, as I discuss with Jenna Corrado in this latest PBT Extra.