Allen Iverson Money Problems: Former Teammate Explains A.I.’s Fashion Problem
We’ve all been hearing about the Allen Iverson money problems this week, and one of his former teammates from the Philadelphia 76ers might be able to explain part of the problem.
Apparently part of why he squandered $200 million in career earnings ($154 million salary, $50 million from Reebok) is that he would always buy clothes when he traveled on the road instead of packing bags.
This next quote is an excerpt from the link above, which is from a Forbes Magazine piece.
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 to carry baggage, evidently seeking to remain as unencumbered from physical things as he was of basketball defenders. Because of this habit, Iverson would buy a full selection of new clothes, shoes, and other expensive items at each new destination with rolls of cash he carried on his person. Moreover, upon departure, he would leave all those goodies behind in his hotel room or just give them away.
It is no wonder “The Answer” has no current solution for his money problems; he was an idiot when he had money, and he’s likely still an idiot when he’s broke.
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