- Allen Iverson earned $154.5 million in NBA salary during his career along with millions more in endorsements
- In 2013, he had blown through all his money and didn’t have enough money to buy a cheeseburger
- His estranged wife ended up giving him $61 so he could get some food for himself
Allen Iverson won a lot during his NBA career, he was an MVP and an 11-time All-Star while playing for the Philadelphia 76ers and Denver Nuggets. And while he didn’t claim a championship, Iverson earned $154.5 million in salary over 14 years.
Allen Iverson was also an icon off the court and made million in endorsements. Yet in 2013, just two years after he retired from professional basketball, Iverson was flat broke. And during that time, an interaction between him and his then estranged wife Tawanna, showed how bad his situation had become.
“For the past three years, as Iverson chased an NBA comeback, his marriage fell apart and much of his fortune – he earned more than $150 million in salary alone during his career – dissolved,” an article from the Washington Post read in 2013.
“Now, those who once ignored past signals have recognized that basketball may have been the only thing holding Iverson’s life together.
“’He has hit rock bottom, and he just hasn’t accepted it yet,’ says former Philadelphia teammate Roshown McLeod.
“Iverson stood during a divorce proceeding in Atlanta in 2012 and pulled out his pants pockets. ‘I don’t even have money for a cheeseburger,’ he shouted toward his estranged wife, Tawanna, who then handed him $61.”
For Allen Iverson of all people to be asking for money to afford a cheeseburger is a stark example of how much he mismanaged his wealth. Stories of him simply giving away money to other people, including rookies on his team, make a lot more sense in this context.
Allen Iverson Will Receive $32 Million On His 55th Birthday From Reebok Thanks To A Lifetime Deal
Allen Iverson turned 48 years old in 2023, and he is seven years away from receiving a massive payment from Reebok for a lifetime deal he signed in 2001. In 2030, Iverson is owed $32 million, and that has ensured that he has been able to live a good life despite blowing through over $200 million during and just after his career.
The 4-time NBA scoring champion is a much-loved figure in NBA circles, and nearly every fan will want to see him end up happy and healthy. His life and career have been both fascinating and sad in different ways, but Allen Iverson’s legacy as a massive NBA icon will never be taken away from him, even if he loses all the money that came with it once again.
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