Post: #1

I can't even believe this.

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Troubled former NBA basketball player Allen Iverson was seen begging for change outside of Lenox Mall in Atlanta. Several mall patrons reported a man with a disheveled appearance harassing them for change.

When security arrived, they were shocked to see it was none other than basketball legend Allen Iverson. Iverson was asked to leave the premises by mall security.

Jason Seaworth, who works security at the mall, says it was very difficult for him to ask Iverson to leave as he was one of his childhood heroes. “One of the hardest things I’ve ever had to do was asking my hero to leave the mall. It was very sad to see him in such a bad place. I really hope he gets his life together and somehow returns to prominence,” Seaworth stated.

Allen Iverson fell on hard times when his basketball career abruptly ended. Though the 76ers legend is currently bankrupt, he does have a $30 million trust with Reebok, which he cannot access until he is 55-years-old.

Over his NBA career, Iverson made over $154.5 million in salary. The 39-year-old also racked up quite a bit of income in endorsements, bringing his income to over $200 million.

Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.

During his divorce proceedings in 2012, Iverson told an Atlanta judge, “I don’t even have money for a cheeseburger,” while turning his pockets inside out.

While in the middle of a financial bind, Iverson purchased an elaborate mansion, but lost the property to foreclosure less than a year later. It is believed that he is now homeless and bounces around from home to home.

Iverson has been working to get his life back on track. He hopes to one day re-join the 76ers with an office position.

http://www.thenewsnerd.com/sports/allen-...n-atlanta/

Post: #2

Quote:Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.

During his divorce proceedings in 2012, Iverson told an Atlanta judge, “I don’t even have money for a cheeseburger,” while turning his pockets inside out.

This is where athletes need game.

Hangers on and whores mistaken for "friends and wives".

Post: #3

Stunned. Iverson was awesome.

NBA, NFL etc need to have some sort of financial planners involved with all these guys at an early start. It's too much money too soon and they have no idea how to spend it and or what it takes to have enough to retire.

And with the US near 50% tax rate + divorce rape that $200m really starts off at $100 million to begin with and can get eaten into very quickly with expensive homes, cars, yahts & hoes (the latter being some of the most expensive).

Post: #4

Def fake...that site is satirical....Answer is still ballin.

http://www.inquisitr.com/1420954/was-all...anta-mall/

Post: #5

I was waiting for the 'divorce' part. This is sad. AI is who got me into basketball.

Post: #6

The average NFL player is broke 3 years out of the league.

This is more common than you'd imagine. These guys make a ton of money, but never save any. There's actually a decent ESPN 30 for 30 movie on this.

Post: #7

Fake. Come on man, do some research lol.

"About The News Nerd

The stories posted on TheNewsNerd are for entertainment purposes only. The stories may mimic articles found in the headlines, but rest assured they are purely satirical."


http://www.theepochtimes.com/n3/889656-a...l-is-fake/

Post: #8

Why is it the NBA's responsibility to make sure ex-players are financially secure?

Don't the players have parents?
Can't they read the same finance books as us?

If I leave my job...do they make sure I'm not begging for change?

Post: #9

Fake.