Tag: Allen Iverson

Allen Iverson Sixers

Report: Allen Iverson to officially retire from basketball


Allen Iverson has not set foot on an NBA court since 2009-10, a season split between the Grizzlies and Sixers that did not go well for anyone. Since then he has played in Turkey for a season but NBA teams have not thought the level of distraction would be worth the level of production for the one time force of nature.

Now The Answer is going to officially call it quits, reports SLAM.

Allen Iverson is prepared to officially announce his retirement from the NBA in the coming days, a source close to the native of Virginia told SLAM….

“He loves his fans more than anyone,” says the source. “He loves how they ask for his return constantly, on the streets and on the Internet. But now that they know it’s not happening, he can just focus on his future endeavors.”

This isn’t really a surprise, it was just a matter of Iverson recognizing it was over and deciding he didn’t want to pick up anymore paychecks overseas. He leaves behind him a great legacy in the game.

Iverson will be a Hall of Famer, and he should be on his first ballot in 2015. The 11-time All-Star averaged 26.7 points, 6.2 assists and 2.2 steals a game in his 13-year career. He helped lead the Sixers to the NBA Finals in 2001.

Watching the 6’0” Iverson fearlessly slice his way into the lane and find ways to score among the forest of trees in the NBA paint was one of the most amazing things I have witnessed in the game. There have been few players ever as dynamic and as entertaining as Iverson.

But it was off the court where Iverson’s impact was really felt — he was the first to bring a hip-hop culture, a real street look to the game. Young African-Americans related to him in a way they did not with other stars — he looked like a guy from the neighborhood. He in a lot of ways paved the way for players to be themselves off the court, something with social media today’s players have taken to new heights.

If he does make it official, it’s not really shocking, but it is a good time to reflect on one of the best and most exciting guards to play the game. We miss his game. Few people overcame the obstacles he did to star in the league, and he will forever be the favorite for many.

Another report Allen Iverson is hemorrhaging money

Boston Celtics v Philadelphia 76ers - Game Six

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.

Report: Iverson not likely to sign, play season in China

Allen Iverson

We showed you the highlight of Allen Iverson crossing over a guy in China that looked just like the old days (then missing the shot, which looked like the new days).

But that one play is not the reality.

The play was part of Iverson playing in an exhibition in China against Stephon Marbury’s Beijing Ducks. One of the goals of that exhibition, get Iverson a contract in China (like Tracy McGrady).

That’s not going to happen, according to one report out of China (hat tip to NBA247365.com and translation by Hoopshype).

According to a source who is close with Iverson and the other team members, his training was claimed to have been sporadic at best, and lacking any form of regimental training systems. His body’s condition appeared to be in poor shape, and was deemed to be unable to sustain himself in highly intensive competitions. With his current performance and abilities on the court, he would be unable to perform in the CBA. Therefore, his chances of joining the CBA are as low as to be virtually nil….

The Beijing Ducks won the USA invitational team in an exhibition game, and Iverson scored four points in what could be best described as a poor showing. Despite his massive popularity, his performance was subpar, lacking his trademark explosiveness and offensive firepower. His speed, resistance and other physical factors had noticeably degraded. Iverson had earlier claimed to be in training for potential participation in the CBA, but it appears that the situation is not what he had promised during the earlier promotional activities

The report goes on to say that Iverson is still asking for $1 million a year.

And this is where the road ends.