According to a NY Post report, Allen Iverson is just fine financially. Gossipers can apparently take that to the bank.
According to a New York Post report, rumors of ALLEN IVERSON being busted and broke are unfounded. Post columnist PETER VECSEY (yeah…the NBA’s Snoop Dog because when it comes to ball players, no one’s more nosy than this guy) claims he has firm knowledge that Iverson is in fact financially healthy, with a bank account worth well over $32 million.
According to Vecsey’s source, Iverson is prohibited from touching this money bag until age 55, or eight years from now. In the meantime, he is allowed an annual allowance of $1 million.
On top of that, AI will be eligible to start drawing on an $8,000 per month NBA pension fund at age 45, or less than a decade from now.
So being garnished of over $859,000 for an unpaid jewelry bill by a Georgia judge recently apparently isn’t going to effect Iverson’s bottomline at all.
His issue is more about being blackballed by the NBA than about being broke and busted, apparently.