Iverson was a two sport star in basketball and football in high school, but do you really see Iverson as the next soccer sensation? Yeah, me neither. But this is what happens when athletes blow through millions of dollars and become broke way before they near the retirement age.
Though he's denied it, Iverson is reportedly in debt after earning $154 million in salary earnings and at least another $50 million from a lifetime endorsement from Reebok. These may very well be rumors, but considering his inability to cough up a $375,000 debt to a jewelry store, which forced a Georgia judge to freeze his bank account until the debt, now more than $850,000 after interest and legal fees, is paid, it seems Iverson has now joined the continuous stream of major athletes who are broke after earning hundreds of millions. That club includes the likes of Antoine Walker, Mike Tyson, Evander Holyfield and Terrell Owens.
Nicknamed The Answer in the NBA, Allen Iverson is still seeking answers to why no NBA team is interested in him |
It's nothing close to what stars of the 11-time NBA all-star's caliber are making in the sport, but the MISL is a far cry from Major League Soccer and even further from the more attention-grabbing and better paying English and Spanish soccer leagues. Still, it's obvious the Lancers are more interested in the potential publicity they would get if he actually suits up. And considering no one's really sure of Iverson's soccer skills, this is more than a generous offer.
It's unlikely Iverson will accept the offer especially since he has received another offer to play in the Puerto Rican basketball league and is more interested in any offer that would draw him closer to an NBA return. But it's hard not to let curiosity seep in, wondering what kind of soccer player he would be. He was once a very speedy athlete and probably has some of that speed left in him at 35. He was also considered one of the NBA's toughest athletes, despite his 6-foot frame. These are two key elements of a good soccer player.
Wondering aside, it's sad to see Iverson go the route of many other athletes with major earning potential. Somehow these athletes never heed the advice to cut down on frivolous spending on women, bling and exotic cars and just save their money. With a divorce underway and no visible substantial income coming in, Iverson is a long way from financial freedom. But if he's lucky he may be able to find a team who will look past his off-court problems and give him another shot to earn some money back.
Wow didn't know he was a soccer player......Needless to say, one day they'll all learn that a little savings here and there goes a long way. Invest in your future...
ReplyDeleteThey need to experience some of these things to be disciplined and wise in their spending.
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