Allen Iverson Broke, Doesn't Have Money for Cheeseburger | Robert Littal Presents BlackSportsOnline

Allen Iverson Says He Doesn’t Have Money for a Burger; Disturbing Details Emerge

by Robert Littal | Posted on Monday, April 22nd, 2013
Tweet about this on TwitterShare on FacebookEmail this to someoneShare on RedditShare on Google+

allen-iverson-owes-divorce-lawyer-$60,000

When A.I. is 55 years old, money that Reebok put in a trust for him (as much as $30 million & Tawanna gets half) will become available. Iverson’s family and friends are worried, that if he isn’t careful, he won’t make it to 55 to get that money.

This is a very disturbing overview of Allen Iverson’s present day life done by Kent Babb of The Washington Post. It starts with Iverson himself, yelling at his now former wife Tawanna, during a divorce proceeding.

Iverson stood during a divorce proceeding in Atlanta in 2012 and pulled out his pants pockets. “I don’t even have money for a cheeseburger,” he shouted toward his estranged wife, Tawanna, who then handed him $61.

The rest speaks on a downward spiral that you wonder if Iverson can pull himself out of.

For the past three years, as Iverson chased an NBA comeback, his marriage fell apart and much of his fortune — he earned more than $150 million in salary alone during his career — dissolved. Now, those who once ignored past signals have recognized that basketball may have been the only thing holding Iverson’s life together.

Iverson hadn’t been present for Tiaura’s birth in 1994, and three years later, when Allen Jr. was born — they would call him Deuce — Iverson was “very intoxicated” and unable to drive her to the hospital, Tawanna told the court.

Iverson kept living as if another contract was imminent, and Tawanna struggled to curb his spending. According to a bank statement submitted in the divorce, the couple’s checking account was overdrawn by more than $23,000 in July 2011. In a single day, $23,255.36 was deducted — at a diamond store, a hat shop, a steakhouse and a hotel.

Before their home in Denver was foreclosed, Tawanna testified, she sold more jewelry at a pawn shop to pay toward debt. Iverson owed thousands to a Georgia home builder, was hit with tax liens, and his wages were garnished to settle a nearly $860,000 balance with a jeweler.

Larry Brown, Aaron McKie, Pat Croce, John Thompson and others have reached out to Iverson, but rarely get a reply. He has been described as a recluse and there seems to be genuine concern about his well-being.

He has had opportunities to work himself back into the NBA, but he has declined and no teams are interested in just putting him on a roster, until they see he is really dedicated physically and mentally to play.

Even then, the chances of a return are small and in all likelihood his NBA career is over. On the one hand, you want to feel sorry for Allen Iverson, just for the fact he is Allen Iverson. A lot of young men could relate to A.I., more than they could Michael Jordan or Kobe Bryant.  I was one of those young men in the 90’s and early 2000s, who saw myself more in Iverson, than any other player in the NBA.

On the other hand, the mirror doesn’t lie. A lot of Iverson’s problems are of his own doing. You can only hope that he has positive people around him now, to help him navigate through this tough part of his life.

Because while Iverson was known as the Answer, it looks like for a long time he wasn’t asking the right questions, about what makes him a happy and healthy person not just in basketball, but in life.

About the Author

Founder of BlackSportsOnline and BonaFide Media. @BlackSportsOnline. Email Robert

Displaying 19 Comments
Add Your Comment
  1. LB says:

    Doing stuff like: “In a single day, $23,255.36 was deducted — at a diamond store, a hat shop, a steakhouse and a hotel.” AND “$860,000 balance with a jeweler” could be some of the reasons why he has no money…..

  2. John says:

    I don’t feel sorry for him. If he is that stupid and does not want to suck in his ego for help, then let that lil nigga rot.

  3. nba is fixed says:

    I bet you a cheeseburger another black athlete or two will make the exact same mistake Allen Iverson made! The white man gives black athletes millions of dollars, then these same black athletes give that money right back to the white man (Cars, Jewelry, clothes, etc.)

  4. Chuck D says:

    You’d think he’d be smarter with that Georgetown education.

  5. Troy says:

    Ive said it b4 and ill say it again, “you can take the punk/bitch outta the ghetto, but you cant take the ghett outta the punk/bitch”.

  6. BroadStreetBully says:

    man, this is sad to see. bubba brought the city to life in a way that no athlete had done before, or since. he epitomized philly’s greatness, and its flaws, he was a living, breathing representation of the city and he loved it as much as we loved him. i hope he gets the help he needs to see his kids enjoy the money he bled for. God bless you #3…

    • JI says:

      “he was a living, breathing representation of the city”??? Wow, dude, speak for yourself. I’m from Philly and would never want to be lumped into the same category as Allen Iverson. If you knew of him off the court, you would know what a complete scumbag he is. I won’t take anything away from his athletic ability, etc, but let me know what you think of him after seeing him out at a bar or in the casino at 2am. To say he was belligerent is putting it lightly. I’ve personally witnessed it and heard dozens of other stories. The money he bled for??? LOL. I think you mean the money he “earned” playing basketball for a living, only to toss it off with irresponsibility and recklessness.

  7. DocB48 says:

    @BroadStreetBully…..”he brought Philly to life like no athlete before”…man what are you smoking. Iverson was and will always be the most selfish player in the NBA. He set Philly back decades and yea while he was exciting to watch it was only because he shot all the time. He was not a team player and 76ers never had a chance to win a title because of him. His mom running around on the side of the court ranting & raving..the 2 of them were a joke compared to great Philly players like Brakley, Chamberlain, Malone, Dr. J. When you look at the big picture (not just shots taken), Iverson was not in same company. Iverson was a punk pure and simple and no surprise he’s at where he is today. You can’t live your life that self centered and with as much comtempt for others and end up in a good place. He made millions, wasted it all and deserves how his life has turned out. Don’t insult the memory of the other great 76ers by saying Iverson epitomized the city’s greatness. If anything he epitmoized its perchant for hanging on to losers way too long.

  8. RealPhilly says:

    Set back Philly for decades. You how dumb you sound! He didn’t play for decades. It doesn’t matter how he spent it. Some 72% of athletes go broke within 4-7 Yrs based on which sport anyway… Man people are idiots.

  9. pat says:

    I do NOT feel sorry for tise woman beating drug addicted drunk. He is useless individual who deserves the state he is in.And I ask “who really cares?”. Let him go broke and disappear, who cares??

  10. al sharpton says:

    NIGGAH PLEASE

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current ye@r *


BlackSportsOnline
BSO Privacy Policy