Is Allen Iverson ‘Broke’?

by November 22, 2010

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.”