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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.
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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.