How much is Allen Iverson worth?
| Net Worth: | $500 Thousand |
|---|---|
| Profession: | Professional NBA Player |
| Date of Birth: | June 7, 1975 (age 47) |
| Country: | United States of America |
| Height: | 6 ft (1.83 m) |
About Allen Iverson
Allen Ezail Iverson or as his nickname goes “the Answer”, or “AI”, is an American former professional basketball player. He was born on June 7, 1975, at Hampton, Virginia. Iverson attended Bethel High School in Hampton, Virginia, and was talented in both football and basketball. After high school, he went on to play college basketball with the Georgetown Hoyas. He started his playing career in 1996 and stopped in 2011.
Allen retained his mother’s maiden name after his father, Allen Broughton, left. He was given the nickname, “Bubba Chuck” during his early childhood years as his friend Jaime Rogers said Allen always looked out for the younger children in the neighborhood and would teach everyone.
On February 14, 1993, Iverson and his friends got involved in an altercation with some other patrols at a bowling alley in Hampton. A fight ensued, which led to the arrest and conviction of Iverson and his three friends as an adult of the felony charge of maiming by a mob. The sentence was later overturned in 1995 for lack of evidence.
Allen Iverson earned $154,770,668 during his NBA career. From what we can gather, owing to poor financial choices, Allen Iverson’s net worth is estimated to be just $500 thousand, as of 2023. In a 2012 court filings showed Iverson was spending over $360,000 per month, with $126,000 going solely to creditors and mortgages, according to Fool. Iverson is not alone however. It’s calculated that as many as 60% of all NBA players will go broke within five years of their retirement, according to Sports Illustrated.
During his career years, Iverson was known for being an explosive and exciting player on the court and a controversial figure away from the game. He is the first famous athlete to be strongly associated and identified with the hip-hop movement.
Controversy and success came to Iverson at an early age. In his junior year, he led his high school football and basketball teams to state championships. Yet at the age of 17 following a racially charged brawl, Iverson was arrested for supposedly hitting a woman over the head with a chair, knocking her unconscious according to Bleacher Report. He was convicted yet the Virginia Court of Appeals eventually overturned the conviction in 1995 for insufficient evidence
Iverson got a scholarship to study at Georgetown University in Washington DC, where he scored an average of 23 points per game over 2 years. He also won two Big East Conference Defensive Player of the Year Awards.
Even though he was one of the smallest players, Iverson was chosen as the first overall pick in the 1996 National Basketball Association (NBA), a major kick-start to his career. He won numerous awards, which brought him into the limelight, such as the NBA Most Valuable Player (2001), All NBA Third Team (2006), NBA Rookie of the Year (1997), First Team All-Big East (1996), and so on.
How Did Allen Iverson Earn $200 million?
Iverson came with both swagger and personality to the game. The only problem, as soon as Iverson started making money he became known for living a lavish and extravagant lifestyle and, according to ClutchPoints, blew through $200 million. The NBA star spent on gambling, cars, jewelry, and mansions.
Here is a breakdown of his earnings during his rookie years:
Iverson was reported to have earned an estimated $154,770,868 with four teams, per Spotrac in the course of his 14-year career. He earned an average salary of $9,266,244 when he played 10-plus seasons with the Sixers. Also, he made an estimated $18,098,438 when he played a double season with the Denver Nuggets.
His biggest paycheck came in his single season with the Detroit Pistons in 2008; he earned $20,840,625. Before his mutual parting with the Memphis Grizzlies, he earned $437,609 with the team.
It is speculated that Allen Iverson earned as much as an estimated $50 million from sponsorships alone during his career.
Iverson was rated one of the top-10 highest-paid players from 2004 to 2009. However, despite all his earnings, today he is estimated to have a net worth of only $500 thousand.
He’s one of the greatest scorers of his generation — and pound-for-pound, one of the toughest players in recent memory. But after a three-game stint with the Memphis Grizzlies, Allen Iverson’s NBA career was coming to its end.
Opinion is so mixed over Allen Iverson it’s incredible. Some fans see him as the most important NBA Player since Micheal Jordan, others seem his as bad news. Despite his controversies, almost everyone would agree that he is a talented player. In fact, for many, Iverson was the reason they tuned in and watched the games because of his often epic performances.
He had his legal troubles it’s true, yet Allen Iverson was often a genius on the basketball court and that’s what counted toward his success. He didn’t let his life outside the game destroy his career, he left a mark on the league; ending with an almost anti-hero status in our opinion. Nevertheless a phenomenal player.
Summing-Up
Allen Iverson was an incredible ball player yet opinions are mixed about his personality. Some seeing him as a person who was in the wrong place at the wrong time, while others considering Iverson an instigator. Whatever the case may be, one thing is for sure he was a great athlete which is why he was inducted into the Naismith Memorial Basketball Hall of Fame, in 2016. However despite career earnings of $154.8 million. As of 2023, Allen Iverson’s net worth is estimated to be just $500 thousand. Regardless of his financial success and failures. Allen Iverson is remembered as a genius on the courts.
