Reports claimed hed gutted $150 million in earnings over his 14-year career.
From what Im told, the number is more like $250 million. Lets not forget A.Is numerous endorsements, specifically Reebok.
However, hold the bankruptcy proceedings. He is far from insolvent, at least in the real world, if not in harmony with his nothing in moderation lifestyle. Someone who cared a great deal for Iverson and grasped the extent of his habits, loyalties and generosity protected him to some degree from financial ruination, at 36, at any rate.
A person with a firm grip on the situation informs me Iverson has an account worth $32 million, a principal he is prohibited from touching until 55. In the meantime, it feeds him $1 million annually.
At 45, Iverson is eligible to start drawing on an NBA pension that maxes out at 10 years of active duty, or take whatevers there as lump sum. He will be entitled roughly to $8,000 per month ($800 per x 10).
If at all possible, Iverson will issue a restraining order against himself until hes 62 or so. At that time, Im told, his lump sum will be between $1.5 million and $1.8 million, or he can elect to take monthly checks of approximately $14,000 per.