I don’t know whether Iverson is actually struggling – he reportedly has a “Reebok fund” that keeps money steady – or this is being pushed by the twisted observers who get off on seeing athletes go broke.
But the stories are believable, because it seems anyone who has spent time with Iverson has a story about his wild spending habits.
Take Clippers forward Matt Barnes, who played with Iverson on the 2005-06 76ers.
“Allen was the first guy that showed me how NBA players spend money in strip clubs,” Barnes says. “That guy went. HARD. He’d throw so much money, and this was when I was first in the league, that I used to take my foot and scoop the s— under my chair and either re-throw it or put some in my pocket. He’d throw $30,000, $40,000 every time we went. I’m like, ‘You realize what I can do with this money?’”
NBA players, they don’t live like us.
That was part of an excellent feature on Barnes, which you should read in full.