Allen Iverson has a $1 million net worth. Allen is considered one of the greatest basketball players of all time. However, overspending, divorce settlement, and other difficulties like excessive drinking and gambling have significantly influenced Allen’s finances after he earned more than $200 million through pay and endorsements over the course of his career.
The basketball legend only spent a short time at Georgetown University before the Philadelphia 76ers selected him in the 1996 NBA Draft. He became one of the best point guards and an 11-time NBA all-star. On and off the court, Iverson was a contentious athlete.
John Thompson, the head coach at Georgetown University, initially snatched him up right out of a jail cell in Virginia. Iverson faced a lengthy prison sentence after being detained for his involvement in a bar brawl.
Allen agreed to attend Georgetown, play basketball, and graduate when Thompson intervened and persuaded the judge to release him under his care. Against Thompson’s desires, Iverson left Georgetown early and started a highly successful NBA point guard career.
Iverson qualified for the Playoffs for the first time in 1999 with the 76ers. Before finally falling to the Indian Pacers in the second round, he started all ten of his playoff games. Allen extended his contract for six more years and $70 million before beginning the next campaign.
After Iverson had multiple confrontations with coach Larry Brown in the offseason of 2000, the 76ers tried to move him, but the deal fell through. In 2001, Iverson led the team to the finals. He received the Most Valuable Player award the same year.
Before being traded to the Denver Nuggets, where he played for two years, Allen spent ten years with the team. Then, after brief spells with the Memphis Grizzlies and the Detroit Pistons, he returned for a year to the Philadelphia 76ers.
Iverson was compelled to wear a basketball uniform for the Turkish Basketball League and the Eurocup at the twilight of his career after being mainly rejected by American NBA teams. In 2013, he ended his basketball career.
He held the record for the 2nd highest per-game scoring average behind Michael Jordan during his NBA career, finishing as the league’s top scorer four times between 1998 and 2005.
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