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Allen Iverson - $200+ million man to $0 (or less) ...how?

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  1. kdunlapmo kdunlapmo is offline

    Warrensburg, MO
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    Feb 28th, 2012 (2/28/2012 7:59pm)

    I just can't fathom having that much money to being completely broke. You have to be grossly negligent in your finances to do this

    http://www.forbes.com/sites/jamesmar...roke-say-what/


     

    Allen Iverson – who has earned over $154 million in salary alone over his stellar NBA career — is reportedly broke. That number excludes millions more in non-salary income, including a $50 million lifetime endorsement contract from Reebok.

    Edited By: kdunlapmo Feb 28th, 2012 at 07:59 PM
  2. Donkey Kong Donkey Kong is offline it's on like me

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    Feb 28th, 2012 (2/28/2012 8:01pm) in reply to kdunlapmo

    less spending, more practice
  3. Nickc011 Nickc011 is offline The Law

    Houston, TX
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    Feb 28th, 2012 (2/28/2012 8:01pm) in reply to Donkey Kong

    I read somewhere that he would never pack clothes when traveling, he would just buy new ones when he got there and leave them behind when he left. Not sure if thats true or not though.

    Either way, couldn't be but so much money he could have blown on clothes... probably terrible investments?
     
  4. norcaljeff norcaljeff is offline 2010 OT Thread Kill Leader

    San Francisco, CA
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    Feb 28th, 2012 (2/28/2012 8:02pm) in reply to kdunlapmo

    being a punk ass wannabe ghetto thugster wdgaf about practice doesn't work out well? shocking

    edit: what dk said obv. sigh
    Edited By: norcaljeff Feb 28th, 2012 at 08:03 PM
  5. Glo4m Glo4m is offline Confess to me

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    Feb 28th, 2012 (2/28/2012 8:03pm) in reply to norcaljeff

    if he spent it all on hookers and blow i am proud of him tho
  6. XXEDPXX XXEDPXX is offline

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    Feb 28th, 2012 (2/28/2012 8:03pm) in reply to Glo4m

    he has a huge gambling problem. he's been banned from like every casino in Atlantic City. he blew it all on black jack
    Edited By: XXEDPXX Feb 28th, 2012 at 08:04 PM
  7. Hughes4 Hughes4 is offline

    Scranton, PA
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    Feb 28th, 2012 (2/28/2012 8:04pm) in reply to XXEDPXX

    did AI look like someone who would be anything but 'grossly negligent with his finances'?
  8. kdunlapmo kdunlapmo is offline

    Warrensburg, MO
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    Feb 28th, 2012 (2/28/2012 8:04pm) in reply to Hughes4

     
    Originally Posted by Hughes4 View Post

    did AI look like someone who would be anything but 'grossly negligent with his finances'?


    lol true
    Thread Starter
  9. DBo Fo Sho DBo Fo Sho is offline

    Scottsdale, AZ
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    Feb 28th, 2012 (2/28/2012 8:05pm) in reply to kdunlapmo

    taxes, alimony, child support for 5 kids, gambling problem, prolly paid rent/mortgage for handfuls of ppl = gg
  10. sean614 sean614 is offline

    Philadelphia, PA
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    Feb 28th, 2012 (2/28/2012 8:07pm) in reply to DBo Fo Sho

    god he was my favorite player growing up. its so sad to see this.
  11. LizardBoy LizardBoy is offline

    Atlanta, GA
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    Feb 28th, 2012 (2/28/2012 8:08pm) in reply to sean614

    Young people like nice stuff. Just saying.
  12. wild_ride wild_ride is offline

    Isle of Man

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    Feb 28th, 2012 (2/28/2012 8:08pm) in reply to sean614

    he always thrived to be the best at everything

    so he had to blow more than Antoine walker and other did
  13. Slay Slay is offline

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    Feb 28th, 2012 (2/28/2012 8:12pm) in reply to LizardBoy

    AI gonna AI
  14. FadeToMac FadeToMac is offline

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    Feb 28th, 2012 (2/28/2012 8:12pm) in reply to Slay

    Does he get the Brewster's Millions now?
  15. Zeppelin Zeppelin is offline world traveler

    Los Angeles, CA
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    Feb 28th, 2012 (2/28/2012 8:13pm) in reply to LizardBoy

     
    Originally Posted by LizardBoy View Post

    double post. Happens a lot lately...


    instead of editing you can delete it fyi
  16. skeeze666 skeeze666 is offline

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    Feb 28th, 2012 (2/28/2012 8:18pm) in reply to Zeppelin

    They had a table set up for him and his entourage at a Detroit casino one night - not in a back room but right on the floor. He was playing 3 hands max bet on each and not really paying attention. I heard from dealers he lost about 50k in an hour and then went to the club.
  17. I Fold I Fold is offline

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    Feb 28th, 2012 (2/28/2012 8:18pm) in reply to Zeppelin

    So sad, what do you do now? I bet he offs himself.
  18. McBain74 McBain74 is offline

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    Feb 28th, 2012 (2/28/2012 8:20pm) in reply to Zeppelin

    His latest jersey

     
  19. norcaljeff norcaljeff is offline 2010 OT Thread Kill Leader

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    Feb 28th, 2012 (2/28/2012 8:22pm) in reply to McBain74

    I lol'd.

    doubt he has the customer relations skillz tho
  20. littleze littleze is offline

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    Feb 28th, 2012 (2/28/2012 8:23pm) in reply to norcaljeff

    When he was here in Detroit a friend of mine that works at MGM Grand said he was there every night degening it up
  21. MadProfesor MadProfesor is offline

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    Feb 28th, 2012 (2/28/2012 8:24pm) in reply to littleze

    bought my momma a car, spent the rest on ... pcp.
  22. dominant00 dominant00 is offline

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    Feb 28th, 2012 (2/28/2012 8:27pm) in reply to Zeppelin

    Not even just Iverson its amazing how many athletes in general wind up broke. My finance teacher was talking about how these athletes make much less money than people think. 200 mil isnt really 200 mill when you factor in income tax, agent fees, etc. And also he said athletes have to pay state taxes in every state they play a game in. Obv even with those expenses taken out its still no excuse. They just have no idea how to manage money and don't realize the moneys eventually gonna stop coming in.
     
  23. Popperhead Popperhead is offline

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    Feb 28th, 2012 (2/28/2012 8:32pm) in reply to dominant00

    Sad Story my favourite player growing up and my First NCAA game I attended that was played in Maple Leaf Gardens included the AI led Hoyas vs Memphis. Also the Answer 4s were my favourite shoes of all time. The pair I currently want was the ones I had back then Black ones





    Edited By: Popperhead Feb 28th, 2012 at 08:35 PM
  24. XXEDPXX XXEDPXX is offline

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    Feb 28th, 2012 (2/28/2012 8:33pm) in reply to Popperhead

    someone like him will never truly be broke. thats the thing. you see AI is broke and you think oh this guys in the poor house. i can guarantee unless he develops some type of serious drug problem with like crack or heroin and he's living in a crack house with nobody to take care of him then he might go broke in the context we look at being broke. But I doubt that happens. He's gonna always have finacial support behind him. He may not be loaded with cash but as long as he is still here on this earth he is gonna live a nice life. he's gonna have a decent car. he's gonna have a decent house and he's gonna fuck decent pussy. he just wont have millions of dollars in the bank.
    Edited By: XXEDPXX Feb 28th, 2012 at 08:34 PM
  25. McBain74 McBain74 is offline

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    Feb 28th, 2012 (2/28/2012 8:37pm) in reply to XXEDPXX

    Book deal might give him some cash
     
  26. EyeKnows EyeKnows is offline

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    Feb 28th, 2012 (2/28/2012 8:39pm) in reply to norcaljeff

     
    Originally Posted by norcaljeff View Post

    I lol'd.

    doubt he has the customer relations skillz tho

    he'd be a model employee then..
  27. jesterwords jesterwords is offline

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    Feb 28th, 2012 (2/28/2012 8:41pm) in reply to EyeKnows

    did anyone mention practice yet?

    yep

    ok
  28. MonkeyCowboy MonkeyCowboy is offline

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    Feb 28th, 2012 (2/28/2012 8:42pm) in reply to jesterwords

    http://www.pocketfives.com/f13/why-y...lasses-659628/
  29. R_U_Nuts R_U_Nuts is offline

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    Feb 28th, 2012 (2/28/2012 9:01pm) in reply to MonkeyCowboy

    I remember reading a article about his house and it was something like 25k per month in unkeep. thats not including his payment thats just utilities and groundkeepers and such. Lavish lifestyle + a couple bad investments and poof
  30. SevenCostanza SevenCostanza is offline

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    Feb 28th, 2012 (2/28/2012 9:02pm) in reply to MonkeyCowboy

    who's more degenerate, poker players or pro athletes?
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