Broke! Allen Iverson Pulls in $62,500 In A Month And Shell Out $360,000 In Expenses

ALLEN IVERSON

When Allen Iverson stepped into the NBA, he was nicknamed “The Answer.” Although he never won an NBA championship, he will go down as one of the greatest point guards to ever dribble a basketball. But Iverson has always made as many headlines off the court for his legal woes and financial difficulties. Even though at one point he was making $20 million per season, Iverson has spent up much of his money. He frequently traveled with an entourage that rivaled MC Hammer’s crew. In 2012, he admitted in court documents that he pulled in $62,500 a month but had to shell out $360,000 in expenses, with most of it going to creditors and mortgage payments.

Source: Madame Noire