Courtesy of The Root
The National Basketball Players Association has estimated that 60 percent of retired players go broke five years after their NBA paychecks dry up. So it’s not surprising to hear that a future Hall of Famer like Allen Iverson has fallen upon hard times, despite the fact that he earned more than $154 million in salary (and more in endorsements) during his 15-year NBA career.
His lifestyle included multiple cars, houses, a large posse and a traveling hairstylist to do his cornrows every few days. His love for bling didn’t help, either — a Georgia judge recently ordered his wages garnished in order to pay a jeweler more than $850,000. NBA opportunities dried up in 2010 — Iverson played his last game exactly two years ago Monday. His most recent offer to play pro sports comes from another league and involves a different ball.
New York’s Rochester Lancers, of the Major Indoor Soccer League, offered Iverson a contract over the weekend. The team has two regular-season games left on its schedule and offered to pay Iverson $20,000 per game with a $5,000 bonus for each goal scored, as well as bonuses for wins and merchandise sales.