Found February 06, 2013 on
Bush League Chronicle:
Perhaps former Philadelphia 76ers guard Allen Iverson should reconsider his decision to turn down an offer from the Texas Legends of the NBA's Development League.On Wednesday, the 37-year-old officially lost his home in Atlanta to foreclosure, according to TMZ. Iverson defaulted on the $1.2 million mortgage owed on the $4.5 million home, so Iverson's bank purchased the pad on Tuesday for $2.5 million. Amazingly, this isn't the first time Iverson has allowed one of his homes to slip into foreclosure.In 2011, his Colorado mansion that he owned while playing for the Denver Nuggets went into foreclosure after he failed to pay $2.5 million. Before then, his mansion in Pennsylvania when he played for the 76ers sat on the market for three years at $6.3 million. It eventually sold for $2.6 million in 2010, according to Yahoo! Sports. Iverson has earned over $150 million in salary over the course of his 14-year professional career.His troubles off the court aren't just relegated to financial matters, though. An Atlanta judge recently called Iverson "the worst dad in the universe" while signing off on his divorce papers. As part of the deal, Iverson is forbidden to drink alcohol for the next 18 months and from drinking alcohol within 24 hours of seeing his children until they turn 18 years old.Iverson has expressed an interest to play organized basketball again since retiring in 2010. However, he only seems willing to accept an offer from an NBA team.Iverson is an 11-time NBA All-Star, 4-time scoring champion, former NBA Rookie of the Year (1997), and former NBA Most Valuable Player (2001). He is considered one of the most prolific scoring guards in NBA history.
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Tweet Things just keep getting worse for former NBA MVP Allen Iverson. After turning down an opportunity to play in the NBA Developmental League (NBDL) and a shot at reviving his career, TMZ reports that Iverson has also lost him $4.5 million Atlanta home due to defaulting on his mortgage: TMZ broke the story … [...]
There was a time where Allen Iverson was once considered one of the best players in the NBA and a fan favorite off the court. Lately though, Iverson has had a hard fall from grace and it reportedly just got even worse.
Iverson is newly divorced from his ex-wife Tawanna Iverson. While the two are happy about the split, Tawanna also happens to be the mother of Iverson’s 5 children...
The Mavericks excited fans by offering an invitation through their D-League to Allen Iverson just weeks ago to play for the Texas Legends, which he turned down via Twitter. It’s hard to believe AI will ever make a return to the court – especially after a judge ruled him an unfit parent with an alcohol problem, and ordered him to attend Alcoholics Anonymous meetings for a year...
There’s a lot going on with Allen Iverson these days. Last week AI declined an invitation to make a return to basketball via the D League, his divorce was finalized but, the judge allegedly ordered AI into counseling for alcohol abuse. This week we learn that “The Answer” has reportedly lost his Atlanta mansion to foreclosure.
Of course TMZ has all the details:
Not to long ago Allen Iverson was once considered one of the best players in the NBA. Along with his tattoos, braids and thugish demeanor he was even a fan [...]
Tough couple of days for A.I.
First, a judge says he is a drunk and bad parent, then he loses his crib to the bank per TMZ. Iverson had tried to save the mansion from going into foreclosure, but didn’t have enough funds (or decided it wasn’t worth the funds) to make it happen.