Another report Allen Iverson is hemorrhaging money

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We had this same discussion a couple years ago.

When Allen Iverson was playing in Turkey, a report came out of Philadelphia about how Iverson was just hemorrhaging money and was broke. Which is stunning for a guy who made an estimated $154 million in NBA salary alone. Other reports have echoed this.

That was followed by a counter report (out of New York) that Iverson was not that bad off because a wise financial advisor and friend had essentially put Iverson’s money in a trust that paid him a yearly allotment and he couldn’t touch the rest. I want to believe the latter report, but the truth likely is somewhere in the middle.

Now out of Iverson’s divorce proceedings come some numbers that suggest he is losing $3.5 million a year. Of course, TMZ had the papers (hat tip to SI’s The Point Forward).

According to docs, Allen brings in $62,500 in monthly income, but his expenses are FAR, FAR, greater … costing him a cool $358,376.66 PER MONTH!!!!…

A large chunk — $125,749.33 to be exact — is spent paying off various creditors (like his jeweler) … and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off).

But Allen says he blows a lot on OTHER expenses too … like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants … and so on.

Those figures need a disclaimer — be careful trusting the numbers lawyers use in a divorce case. Or any case. The goal here is for Iverson’s lawyers to make him as destitute as they can, therefore reducing what he has to pay his soon-to-be ex-wife.

My guess is Iverson is living way, way beyond his means anymore. I hope that a smart financial advisor did leave a safety net there for him.

In the end, who knows what is real. But this is the kind of controversy that has shadowed Iverson since he was in high school, it’s part of what has made him a polarizing figure. Which is a shame, because his game was so much fun.

Paul Millsap out at least three more games with knee issue, Hawks 0-8 without him

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The Atlanta Hawks have come apart at the worst time. They have lost seven in a row and have fallen from comfortably in the playoffs to tied for the 5-6-7 seed in the East, just 2.5 games out of falling out of the playoffs altogether.

It has all happened with Paul Millsap out, and that is going to continue for about a week more the team announced Monday.

Atlanta Hawks forward Paul Millsap has been diagnosed with left knee synovitis and has undergone a non-surgical procedure at Emory (Orthopaedics & Spine Center in Atlanta). He will be listed as out for the next three games and his status will be updated as appropriate.

Synovitis is when the synovial membrane — which encases joints and helps lubricate them with synovial fluid — becomes inflamed. It’s usually a sign of another issue causing the inflammation.

The Hawks problem is they are 0-8 this season when Millsap is out.

It still feels unlikely Atlanta will fall all the way out of the playoffs (they have a slightly easier schedule than everyone they’re competing against for the slot), but they are more likely than Indiana or Milwaukee to slip. Also, the odds of them finishing with the seven or eight seed seem high, and that likely means a quick one-and-done visit to the postseason.

After that would come some real questions in Atlanta about how much they want to pay Millsap to keep him as a free agent (it’s going to have to be near max money and for five years, or he will look hard at his other options).

Reports: Kings’ owner reaches out to Sam Hinkie; team quickly denies any interest

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Sacramento Kings’ owner Vivek Ranadive’s handling of his team makes President Donald Trump look patient and measured. It’s been less than two seasons since Vlade Divac was handed the reins of the Sacramento Kings, and apparently, that means the Kings are overdue for a change.

Ranadive is getting pressure to make a change because the Kings are seen around the league as a poorly run front office (that other teams try to take advantage of), and as part of that process he is reaching out to former Sixers’ GM Sam Hinkie, according to multiple reports. Yes, the controversial man behind “the process.” Zach Lowe and Marc Stein of ESPN have broken the story.

The Sacramento Kings have expressed exploratory interest in former Philadelphia 76ers general manager Sam Hinkie, according to league sources.

‎Sources told ESPN.com that Kings owner Vivek Ranadive sought and received permission directly from Sixers counterpart Josh Harris to speak with Hinkie.

Sources say Hinkie has long intrigued Ranadive, whose franchise has been thrust into a rebuilding mode not unlike Philadelphia’s status under Hinkie in the wake of trading DeMarcus Cousins to New Orleans.

Adrian Wojnarowski of The Vertical at Yahoo Sports adds these details.

The Kings quickly came out and denied the story.

After the denials they would trade DeMarcus Cousins and all the misdirection around the hiring of George Karl, it’s tough to take the Kings fully at face value here.

Hinkie is currently under a non-compete clause as part of his buyout agreement with the Sixers. He can take a job starting this summer.

We’ve got questions.

Question No. 1: If it is available, does Hinkie really want this job? Wojnarowski says he may not be interested. If he’s being brought in to rebuild the Kings from the ground up, that is a long process. Any GM, not just Hinkie, is going to need five years (at least) to have the planted seeds start to bear fruit. As mentioned above, Ranadive has been anything but patient. Hinkie may be willing to wait for another situation that seems a better fit.

Question No. 2: Did Ranadive decide “I need to get the guy that ripped me off on that Nik Stauskas trade?”

Question No. 3: Are the Kings serious about sticking with Vlade Divac, or is Hinkie also going to talk to other potential GMs? There would be guys interested, but they’d want a lot of assurances (read: five years guaranteed and a lot of money).

Question No. 4: What other teams have interest in Hinkie? The ESPN report says other teams have reached out, does this include places were we expecting front office changes such as Orlando? Hinkie in a situation where he already had pieces (like Orlando) and was in the next phase of rebuilding could be interesting.

Question No. 5: Did Divac have any idea this was coming? After that Cousins trade he had to know something could be up, but he said fans should give him two years and the team would be in a better spot or he would step down. But did anyone, including Divac, think Ranadive would be that patient?

Father trolls son with signs at NBA games saying he will join dad when grades improve

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As a father who has threatened to take things away from my daughters if some behavior/school situation didn’t change (then felt bad when I had to follow through on the threat), I appreciate parents willing to follow through on what they say.

But this guy is taking it to a new level.

This father showed up at two nationally televised games this week with a sign and a message for his son.

Good on Dad for following through and not caving and taking his kid to the games, but the signs are a kicker.

As Matt Moore points out at CBSSports.com (who gets the hat tip for finding this, he better never do this to his son), how much time does this dad have, he was in Charlotte for the Cavaliers game, then in Houston. Did he spend a Spring Break traveling the country to go to NBA games and troll his kid? (It makes you wonder if it’s real.)

Steven Adams, Enes Kanter with another Russell Westbrook for MVP video

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I don’t know if Russell Westbrook is going to win the MVP award this season — Sunday night’s showdown with James Harden didn’t clear up the picture. This year’s four-way race (also with Kawhi Leonard and LeBron James) is one of the most interesting and even ones in decades.

If Westbrook doesn’t win, don’t blame Steven Adams and Enes Kanter.

The Stash Brothers, the roommates, are doing their best with videos to promote him. And take subtle jabs at Westbrook’s fashion sense.