All Articles Tagged "allen iverson"
Unfortunately, Allen Iverson’s story is all too typical of pro athletes. But his journey from a wealthy All-Star NBA point guard to divorcee deep in debt is detailed in a new revealing book Not A Game by Kent Babb.
During his career Iverson was never shy about get attention. He was often controversial. But he was super talented on the court.
Then, after years of spending and living beyond his means, Iverson found himself broke. A fact he was trying to keep secret from his then-wife Tawanna. She found out after catching Iverson calling around town asking friends to lend him money.
Iverson, who grew up poor in Hampton, VA had become accustomed to the good life. “During the 2008-09 season, the Denver Nuggets and Detroit Pistons paid him nearly $21 million, the highest single-season salary of Iverson’s career,” reports The New York Daily News. However, just two short years later he had blown through much of that as well as his $155 million fortune.
Iverson isn’t the first professional sports star to go broke. Many athletes come from humble backgrounds and splurge on the luxuries they never had once the money starts rolling in. Iverson fancied chain restaurants and his “first-day friends” who had “always believed in him.” He also liked expensive jewelry and clothes. He had a $4.5 million gated estate in northwest Atlanta that spanned nearly 10,000 square feet, had a massive bar and a gourmet kitchen, and rain gutters made from pure copper.
But heavy spending is coupled with a lack of financial literacy and sound money management advisors. Iverson’s wife, for instance, paid insurance on 14 cars — five of which belonged to Iverson, two to herself, and the rest to friends and family members whom Iverson supported. Each month $12,000 in car insurance was billed to Tawanna’s AmEx. She also paid for a $25,000 gambling debt Iverson never paid to Caesars Palace, $50,000 to reimburse the family’s personal assistant, and tens of thousands each month to cover Iverson’s security detail and the family’s household staff.
By 2011, NBA teams weren’t interested in Iverson. Relying on an annual $800,000 payment from Reebok as part of his lifetime contract with the shoe manufacturer, most of that would pay bills that had piled up during the year. Ultimately, the pair divorced and in a 2012 hearing, Iverson would say that he didn’t “even have money for a cheeseburger.” Tawanna opened her wallet, and handed him $61.
Iverson’s house was foreclosed on, he defaulted on payments for the Mercedes-Benz, he faced a judgment for $895,000 in jewelry that he just didn’t pay for. He even moved money around so it would seem like he had no money for debtors to seize. Still he partied like he was a superstar.
In February 2013, when his property was foreclosed, he moved into a hotel in Charlotte, NC for months.
The book, which will be available June 2, is just one of the recent biographies released about Iverson. There’s also a Showtime documentary that traces his career and pop culture impact, called simply Iverson.
You know things are really bad when the courts need to step in and take your money to pay what you owe. Just ask DMX. A judge recently found in favor of his ex-wife Tashera Simmons’ petition to collect child support. Apparently he stopped helping out once they split. Because of this, Mr. Earl Simmons will see up to $15,000 each month leaving his pockets. Take a look at 10 celebrities who also have seen their wages garnished and the ones who came very close.
The NBA playoff season is heating up with the Miami Heat looking to three-peat while fighting off championship contenders such as the Oklahoma City Thunders, Houston Rockets and the Brooklyn Nets. In honor of this exciting time of year, we take a look at some of our favorite basketball movies.
He Got Game
Spike Lee and Denzel Washington have collaborated on several films together including his 1997 film He Got Game. Washington played Jake Shuttleworth, a prison inmate and the father of the country’s top high school basketball star who was granted a one-week parole release to convince his son to play for the governor’s alma mater. Real life NBA player Ray Allen made his debut into film as the star player Jesus Shuttleworth but he wasn’t the only hoops star cast in the movie. Michael Jordan, Shaquille O’Neal, Reggie Miller, Rick Fox, Charles Barkley, Scottie Pippen and Bill Walton also appeared in the film.
Tags:allen iverson, bernie mac, busta rhymes, charles barkley, dennis hopper, denzel washington, kadeem hardison, kevin bacon, Kim Wayans, Lil Kim, Marlon Wayans, Matt Damon, michael jordan, Omar Epps, Samuel L. Jackson, Sanaa Lathan, sean connery, shaquille o'neal, tommy davidson, Tupac Shakur, wesley snipes
The Allen Iverson child support woes continue as his ex-wife is seeking the rest of the money for their children.
Tawanna Iverson filed documents earlier this month asking a judge to order Iverson to pay up front child support for their children until 2026 when their youngest child turns 18. The total comes out to just over $1.2 million, according to TMZ.
Tawanna has notoriously had to take Allen to court over child support issues in just the last year. When they divorced, he was order to pay $8,000 per month but refused to do so. After going back and forth yet again, a judge ordered Allen to pay $40,000 in back support.
Basically, she’s trying to be proactive in all the Allen Iverson child support drama.
No word on how the judge will rule yet but clearly, Tawanna thinks she will have to continue to fight him in court to financially take care of their children and she doesn’t want to do it anymore.
The Iversons had quite the tumultuous relationship until their divorce was finalized in February. Unfortunately, their children are being hurt by the continued messiness.
One thing for sure: Allen Iverson must have some secret accounts somewhere to make all of these payments. No one really believed he was as broke as it was originally reported anyway.
Former NBA star Allen Iverson has abducted his own children … so says his ex-wife, and now she’s begging the court to force Allen to give them back.
Tawanna Iverson just filed legal docs, claiming Allen recently asked for permission to take their five kids on a short vacation to Charlotte, NC from May 22nd-May 26th (and Tawanna agreed) but when May 26th rolled around, the children hadn’t been returned.
The kids range in age from 3 to 16 years old.
In the docs, Tawanna says she tried to set up an exchange on June 4th at a neutral location — a nearby Target store — but A.I. never showed up.
Tawanna — who has sole legal and primary physical custody of their children — now believes Allen never took their kids to Charlotte at all … and is currently keeping them at a Sheraton hotel in Georgia.
Read more on TMZ.com.
Allen Iverson has a date this week with the judge who earlier this year called him a horrible parent … and seeing as his ex claims he owes $40,000 in child support … this new hearing will probably go as poorly for Iverson as the last one.
As TMZ first reported, when Iverson’s divorce was finalized back in February, the judge in the case tore Iverson’s parenting skills a new one … saying, “He does not know how to manage the children” and he “has been a hindrance to their spiritual and emotional growth and development.”
Now TMZ has learned Iverson’s ex, Tawanna, has filed docs with the court saying that Iverson has failed to honor the child support agreement that was handed down back in January.
Read more on TMZ.com.
After years of breaking up to make up followed by a very ugly separation, Allen and Tawanna Iverson are officially no longer a union.
An Atlanta judge, according to TMZ, recently signed off on the divorce papers for the former couple who were married for 12 years. They share five children and as this was family court, the judge was very open about his feelings for AI in the divorce decree. His comments included:
“[Iverson] does not know how to manage the children; has little interest in learning to manage the children and has actually, at times, been a hindrance to their spiritual and emotional growth and development.
For example, he has refused to attend to an obvious and serious alcohol problem, which has caused him to do inappropriate things in the presence of the children while impaired.
He has left the children alone without supervision. He has left his young daughters in a hotel room with men who are unknown to the mother.”
The judge awarded Tawanna Iverson full legal and physical custody of the children who range from ages 4 to 17. He is particularly concerned for their well being as it pertains to AI’s drinking so although he has some visitation rights, they are contingent upon him following certain rules. For example, until all of his children become legal, he must not consume any alcohol within 24 hours of the time he has the children.
Taking that a step further, the judge has ordered that Iverson not consume any alcohol, period, over the next 18 months. He has also been ordered to attend AA meetings for a year.
What an unfortunate situation. Iverson’s drinking and alleged gambling problems have been the source of many random news stories over the past few years. His NBA legacy has often been tarnished by his attitude and off the court problems.
He recently turned down an offer from the Texas Legends, a D league team, saying that is not the route for him and he’s always wanted to complete his basketball legacy in the NBA.
Hopefully, he’ll take his parental legacy more seriously and establish a more solid and positive relationship with his children.
They’ve Come A LONG Way: 9 Celebs And The Criminal Records Or Shady Pasts We Forgot About (Or Never Knew About)
When you’re young, you can often make a whole bunch of dumb decisions that you don’t realize made no kind of sense until you’re grown. And for most of us, aside from the people that try and give us jobs and get nosy with background checks, nobody has to know about what we did and didn’t do, or why we were running around unclothed in the streets intoxicated. For celebrities though, sadly, this information, which is made accessible in public records, gets passed around once they get notable. Luckily for these famous folks, they were able to move on from their past arrests and mistakes and do bigger and better things. And some have done so well that their sketchy arrest records and bad decisions were news to us. But what about you? Let’s check out a few and see…
Dr. Dre And The Dee Barnes “Incident”
I dig Dr. Dre as much as most hip-hop fans. He’s a great producer, his music over the years on his own has been pretty classic, and the brilliance of his Beats by Dr. Dre headphones are sure to give me hearing problems by 40 (I’m working on decreasing the volume though). So yes, I’m a fan. But many people who just got acquainted with his musical talents not too long ago probably didn’t know about the Dee Barnes “incident.” Back in 1990, VJ Dee Barnes (aka, Denise) had interviewed Ice Cube after he left NWA when the drama between him and his former group was big. And allegedly, the members of NWA weren’t too fond of the way they were made to look in her interview. So when Dre went to a party and encountered Barnes in January of ’91, they had a narsty scuffle (aka, she was assaulted). Reports say he punched her in the back of the head, kicked her in the ribs, and did so in front of everybody. And after the incident was made public, the rapper/producer was less than remorseful. In the end, Barnes filed a lawsuit against Dr. Dre, and he received a fine of $2,500, had to do more than 200 hours of community service and more. The lawsuit between Barnes and the rapper was settled out of court.
Well, It’s About Time: Allen Iverson And Soon-To-Be-Ex-Wife Tawanna Finally Reach A Divorce Settlement
After nearly three years of drawn-out divorce proceedings, Allen Iverson and soon-to-be-ex-wife Tawanna Iverson have finally reached a divorce settlement. According to Hip Hop Enquirer, while sitting in a Fulton County courthouse, both Allen and Tawanna informed judge Bensonetta Tipton Lane that they have reached an agreement as to how they will go about splitting Allen’s $18 million dollars as a part of their marital assets. The judge’s name may sound familiar because she is the same judge who presided over Usher Raymond and Tameka Foster’s custody battle.
It seems that the biggest issue that presented itself in the Iverson’s divorce was how to fairly divide the large amount of trust money that Allen acquired as a result of his lifetime deal with Reebok that he signed back in 2001. Thankfully, somehow, someway both Allen and Tawanna were able to reach an agreement in which they were both satisfied.
Following the trial, Allen’s attorney, Melanie Fenwick-Thompson expressed her client’s contentment with the outcome of the case:
“Our client is extremely pleased with the outcome of the case even though we came in near the end of it, we had an uphill battle. Mr. Iverson showed up ready to actively participate in his case and fight for the things he wanted.”
From Necole Bitchie
I used to love some me some Allen Iverson back in the day, but what is going on with him nowadays? Like Terrell Owens, he has a lot of downtime on his hands this year which has given him more time to spend with his family.
Earlier this week, he was spotted with his estranged wife Tawanna and their five kids at the Great Wolf Lodge in the Poconos. Iverson’s Brady Bunch, who range in age from 2 to 15 years old, looked to be having a good time with their daddy as they enjoyed the indoor rides that the water park had to offer.
Read more at Necole Bitchie