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.
Victor Oladipo has grown into far more than just a dunker.
In fact, in Saturday’s dunk contest, he didn’t look like a dunker at all.
The Pacers star missed all three attempts of his first dunk, and a Black Panther mask was by far the biggest draw of his second. Oladipo was eliminated after the first round.
Maybe Dennis Smith Jr. wasn’t the only eliminated dunker who left something in his bag. This Oladipo dunk – 180 degrees, throwing ball off the backboard with his left hand while in mid-air, dunking with his right hand – while preparing in Los Angeles was awesome.
Larry Nance Jr. had the contest’s best dunk. This would have rivaled it.
METAIRIE, La. (AP) — New Orleans Saints and Pelicans Owner Tom Benson has been hospitalized with flu symptoms.
A statement released Wednesday by the NFL and NBA clubs says their 90-year-old owner is resting comfortably at Ochsner Medical Center, a hospital which also serves as a major sponsor and which owns naming rights to the teams’ training headquarters.
Benson has owned the New Orleans Saints since 1985 and bought the New Orleans Pelicans in 2012.
In recent years, Benson has overhauled his estate plan so that his third wife, Gayle, would be first in line to inherit control of the two major professional franchises.
Kevin Durant spent his rookie season in Seattle, before the SuperSonics moved to Oklahoma City and became the Thunder. He has said Seattle fans deserved to see him grow up in the NBA after supporting his promising start.
They’ll get their chance.
Ailene Voisin of The Sacramento Bee:
The Kings and Golden State Warriors have scheduled a preseason game next season in Seattle, according to multiple league sources.
The Oct. 6 meeting between Northern California teams will be the first NBA game in the Key Arena since the Sonics moved to Oklahoma City after the 2007-08 season and became the Thunder.
This game will be loaded with storylines. Not only Durant, but the Kings considered moving to Seattle a few years ago. And of course, the return of NBA basketball to Seattle.
At some point, Seattle will get its own team again. For now, this preseason game creates intrigue there.
Spurs coach Gregg Popovich said he’d be surprised if Kawhi Leonard played again this season, a stark reversal from just a month ago. Back then, even while announcing Leonard was out indefinitely with a quad injury, the San Antonio coach said Leonard wouldn’t miss the rest of the season.
What’s going on?
Adrian Wojnarowski of ESPN:
After spending 10 days before the All-Star break in New York consulting with a specialist to gather a second opinion on his right quad injury, All-NBA forward Kawhi Leonard bears the burden of determining when he’s prepared to play again, sources told ESPN.
Leonard has been medically cleared to return from the right quad tendinopathy injury, but since shutting down a nine-game return to the Spurs that ended Jan. 13, he has elected against returning to the active roster, sources said.
The uncertainty surrounding this season — and Leonard’s future which could include free agency in the summer of 2019 — has inspired a palpable stress around the organization, league sources said.
At first glance, this sounds like Derrick Rose five years ago. Even after he was cleared to play following a torn ACL, the then-Bulls star remained mysterious about when he’d suit up. His confidence in his physical abilities seemed to be a major issue, and he was never the same player since (suffering more leg injuries).
But the Spurs famously favor resting players to preserve long-term health. They seem unlikely to rush back Leonard. They might even sit players who want to play more often. And Leonard isn’t Rose.
Still, it’s clear something is amiss in San Antonio. Maybe not amiss enough to end Leonard’s tenure there, but the longer this lingers, the more time for tension to percolate.