Found February 23, 2012 on Larry Brown Sports:
PLAYERS: Allen Iverson
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Finally, it’s all starting to make sense. While it doesn’t necessarily surprise us to hear that someone like Allen Iverson blew more than $200 million in career earnings, it does raise a certain amount of curiosity. How did he pull it off? Did he take the Siberian Tiger approach to bankruptcy like Mike Tyson? Did he buy too many cars or houses? The details have started to emerge, and we have a solid starting point. According to Forbes Magazine, Iverson did not like taking luggage with him on road trips. Since the only way to avoid traveling with suitcases is to buy new clothes everywhere you go, that’s exactly what A.I. did. Perhaps the telltale indicator of Iverson’s divorce from financial reality, however, was an anecdote I received via a former teammate of Iverson’s from his days with the Philadelphia 76ers. This player, raised on a far higher standard of fiduciary responsibility, was amused and stunned by “A.I.’s” money habits. He related how on many road trips Iverson refused t...
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