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.

Union: Joakim Noah would not have been suspended under next CBA

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Selective Androgen Receptor Modulator LGD-4033 was not banned by the current Collective Bargaining Agreement when it was enacted.

The next CBA will offer a new challenge policy for failed drug tests.

Perhaps Joakim Noah, whom the NBA suspended 20 games, just tested positively at the wrong time.

SARM LGD-4033 (Ligandrol) was added to the banned list after the current CBA was signed in 2011. The drug is also banned by the next CBA, which will take effect July 1.

But the next CBA would also allow Noah an opportunity to contest his suspension – which his union says he would have done successfully..

National Basketball Players Association:

“After a thorough investigation, the National Basketball Players Association believes that Joakim Noah did not intentionally or knowingly violate any policy of the Collective Bargaining Agreement (CBA).  Under the recently negotiated CBA effective July 1, a player’s unintentional ingestion of a prohibited substance would be taken into consideration, and we believe the conduct here would not result in discipline.  Unfortunately, the current CBA does not permit such consideration.”

“Joakim was completely forthcoming and cooperative throughout the investigation and we believe that this isolated occurrence was a regrettable mistake.  Joakim has offered his deepest apologies for this infraction, and neither he nor the NBPA will pursue an appeal.”

Unlike the current CBA, the new CBA allows a player to challenge a suspension if he “did not know or suspect, and could not reasonably have known or suspected, even with the exercise of considerable caution and diligence, that he was taking, ingesting, applying, or otherwise using” the drug. He must also establish how the drug entered his system.

That’s obviously a high burden. The CBA even defines it as an “unusual circumstance.”

Could Noah have presented such convincing evidence? Maybe, but it’s far easier to make that claim in a statement than actually convince an arbitrator.

Stephen Curry with touchdown pass to Andre Iguodala, who finishes with reverse lay-up (VIDEO)

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The 49ers may want to give Stephen Curry a call, because I’m not sure Brian Hoyer can throw that pass.

Curry showed a soft touch on a touchdown pass over a defender to the streaking Andre Iguodala, who had to finish with the reverse layup, a little no-look flip. It was vintage Warriors, a little playground in transition.

The Warriors beat the Kings 114-100 behind 27 from Curry. With the win the Warriors are 2.5 games up on the Spurs for the best record in the West, but Golden State has a tough road back-to-back this week in Houston than San Antonio. Get at least a split there and the Warriors will be tough to catch.

LeBron James says he has scratched cornea, could sit Saturday vs. Wizards

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With time running down in the third quarter, LeBron James went hard to the basket for a layup, and the shot was contested by Jeremy Lamb, who ended up poking LeBron in the eye on the play.

It isn’t intentional, but it looks painful.

 

 

That blow could have LeBron sitting out Saturday night when the Cavaliers take on the Washington Wizards in Cleveland. From Joe Varden of the Cleveland Plain Dealer:

LeBron James said he suffered a scratched cornea in his right eye in Friday’s 112-105 win over Charlotte after being examined by a Hornets team physician.

James, who scored 32 points in 40 minutes, could not keep his right eye open during his postgame interview session and said his vision was blurry… Summing it all up, James said “if coach decides to give me a game off (Saturday), it’s not because I’m resting. It’s because I’m banged up.”

He was treated by the Hornets’ team doctor who administered eye drops, but the Cavaliers will make the call closer to game time depending on how LeBron is feeling.

The Cavaliers are 0-6 without LeBron this season. They also have just a one-game lead over the Celtics for the top seed in the Eastern Conference. (Boston beat Phoenix on Friday, despite Devin Booker dropping 70, and they have a key game with the Heat on Sunday.) That said, the Cavaliers are two games up in the loss column on the Celtics, which is a decent lead, but the Cavs need to start winning consistently.

And beating a hot Washington team will not be easy even with LeBron.

NBA reacts to Suns’ Devin Booker dropping 70 on Celtics

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Devin Booker was the story of the NBA Friday night.

The 20-year-old Suns’ guard — who never scored more than 19 points in a game at Kentucky in college — dropped 70 on the Boston Celtics in a losing effort. He becomes only the sixth player in NBA history to score at least 70 in a game. At the end the Suns were fouling and calling time outs to stop the clock and get the ball back to Booker, but as Phoenix coach Earl Watson said to those who complained, “You got a problem with that? Do something. Simple as that.”

NBA Twitter exploded at what Booker did.

Booker himself responded this way.