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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.

Report: Khloe Kardashian files for divorce from Lamar Odom

Khloe Kardashian Odom, Lamar Odom
AP Photo/Evan Agostini
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1. Khloe Kardashian filed for divorce from Lamar Odom.

2. With Odom facing health problems after a drug overdose, they rescinded the filing.

3. Odom reportedly continued drinking, frustrating Kardashian.

Associated Press:

Court records in Los Angeles show Kardashian filed for divorce Thursday, citing irreconcilable differences.

AP Source: Wizards’ Markieff Morris detained at Philadelphia Airport

WASHINGTON, DC - FEBRUARY 19: Markieff Morris #5 of the Washington Wizards runs on the floor against the Detroit Pistons in the first half at Verizon Center on February 19, 2016 in Washington, DC.  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 Rob Carr/Getty Images)
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WASHINGTON (AP) — A person familiar with the situation says Washington Wizards forward Markieff Morris was detained at Philadelphia International Airport and then released.

The person spoke to The Associated Press on condition of anonymity Thursday because Morris was not charged. The person did not specify why Morris was detained.

The Wizards said in a statement they “spoke with Markieff earlier today and will continue to gather more details.”

Tinicum Township Police and Morris’ lawyer did not immediately respond to messages seeking comment.

The 26-year-old Morris is from Philadelphia. The Wizards acquired him from the Phoenix Suns at the NBA trade deadline.

Morris and twin brother Marcus, a forward for the Detroit Pistons, were indicted by an Arizona grand jury last year on felony aggravated assault charges for allegedly beating a man outside a Phoenix recreation center. The case is still pending.

According to a Phoenix police report, Erik Hood said five people including the Morris brothers repeatedly punched and kicked him. All five then left the area in a Rolls-Royce Phantom as bystanders began to appear. Police say it is alleged that Hood was assaulted for sending an inappropriate text message to the Morris brothers’ mother.

 

Russell Westbrook wears all black to potential Warriors elimination game (video)

OKLAHOMA CITY, OK - MAY 24:  Russell Westbrook #0 of the Oklahoma City Thunder speaks to the media after their 118 to 94 win over the Golden State Warriors in game four of the Western Conference Finals during the 2016 NBA Playoffs at Chesapeake Energy Arena on May 24, 2016 in Oklahoma City, Oklahoma. 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 J Pat Carter/Getty Images)
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Russell Westbrook arrived at the arena in Golden State dressed for a (very weird) funeral.

The Thunder, up 3-1 in the Western Conference finals, can end the Warriors’ season tonight. So, Westbrook dressed ready to give his condolences.

Lest you think this is coincidence, he also wore black for Game 5 against the Mavericks and Game 6 against the Spurs. Jason Potter:

This is something players sometimes do – and I love it. What a great way to who your confidence, and I’m not sure any NBA player has more than Westbrook.

57 players withdraw from 2016 NBA draft

HOUSTON, TEXAS - APRIL 02:  Josh Hart #3 of the Villanova Wildcats reacts in the first half against the Oklahoma Sooners during the NCAA Men's Final Four Semifinal at NRG Stadium on April 2, 2016 in Houston, Texas.  (Photo by Streeter Lecka/Getty Images)
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The withdrawal deadline for the 2016 NBA draft is June 13.

But the NCAA, in an effort to treat players better, allowed players to declare for the draft and withdraw by May 25 while maintaining college eligibility. (Yes, this qualifies as better treatment. Giving the players the full extra couple weeks to assess their futures? Not in this cartel.)

So, any college player who wanted to play collegiately next year faced an effective deadline of yesterday.

Of the 117 players who declared early through the American system, 57 are headed back to their college teams.

This list has no big surprises. By this point, most highly touted prospects have already declared their intention.

Here are all 57:

  • Abdul-Malik Abu, North Carolina State
  • BeeJay Anya, North Carolina State
  • Ian Baker, New Mexico State
  • V.J. Beachem, Notre Dame
  • James Blackmon Jr., Indiana
  • Antonio Blakeney, LSU
  • Jaron Blossomgame, Clemson
  • Trevon Bluiett, Xavier
  • Amida Brimah, Connecticut
  • Isaiah Briscoe, Kentucky
  • Dillon Brooks, Oregon
  • Elijah Brown, New Mexico
  • Deonte Burton, Iowa State
  • Antonio Campbell, Ohio
  • Conor Clifford, Washington State
  • Charles Cooke III, Dayton
  • Bakari Copeland, Maryland-Eastern Shore
  • Moustapha Diagne, Northwest Florida State
  • Tyler Dorsey, Oregon
  • D’Andre Downey, Stillman College (AL)
  • Vince Edwards, Purdue
  • Jimmy Hall, Kent State
  • Josh Hart, Villanova
  • Josh Hawkinson, Washington State
  • Nigel Hayes, Wisconsin
  • Ike Iroegbu, Washington State
  • Justin Jackson, North Carolina
  • Kris Jenkins, Villanova
  • Que Johnson, Washington State
  • Peter Jok, Iowa
  • Moses Kingsley, Arkansas
  • Travion Kirkendoll, Centenary College (LA)
  • Dedric Lawson, Memphis
  • Marcus Lee, Kentucky
  • Makai Mason, Yale
  • Jahmal McMurray, South Florida
  • Kennedy Meeks, North Carolina
  • Dallas Moore, North Florida
  • Jalen Moore, Utah State
  • Tyrell Nelson, Gardner-Webb
  • Malik Newman, Mississippi State
  • Marc-Eddy Norelia, Florida Gulf Coast
  • Cameron Oliver, Nevada
  • Alec Peters, Valparaiso
  • QJ Peterson, VMI
  • Malik Pope, San Diego State
  • Rodney Purvis, Connecticut
  • Corey Sanders Jr., Rutgers
  • Caleb Swanigan, Purdue
  • Rakish Taylor, Anderson University (SC)
  • Ethan Telfair, Idaho State
  • Trevor Thompson, Ohio State
  • Melo Trimble, Maryland
  • Maurice Watson Jr., Creighton
  • Andrew White III, Nebraska
  • Alec Wintering, Portland
  • Zeek Woodley, Northwestern State