Is Allen Iverson ‘Broke’?

by November 22, 2010
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The Philly Inquirer travels to Turkey, and after some sleuthing, it uncovers that the hoopla around A.I.’s arrival is quite small, and that Iverson might be in bad financial shape: “The 76ers’ former all-everything guard is broke – by all accounts except his own – and playing here in Istanbul for a number of reasons, none of which is to become an ambassador for Turkey’s solid, but often overlooked, professional league … ‘It’s not a problem, it’s not a problem – money,’ Iverson said at an Oct. 29 news conference in New York. ‘Obviously if it was about money, I would jump out there and say, ‘You want me to come off the bench? How much money are you paying?’ It wouldn’t be a big deal. It’s not about money or anything like that.’ A member of one NBA front office, speaking on the condition of anonymity because of the subject matter, said that prior to last season, a member of Iverson’s family called to inquire about a contract for Iverson, explaining that Iverson owed that person money and would be unable to pay without a contract. A similar source explained that Iverson is broke, plain and simple. Over his NBA career, including his lucrative deal with Reebok, Iverson made more than $100 million.”