Dozens of entourage members, huge alimony payments, various addictions and one private plane that never took off. How do you spend 672 million dollars? Answers at Iverson, Kemp and Pippen
The story of former NBA players who go from riches to rags is all too common.
In many cases, these athletes have been unable to adjust to life after basketball, and as a result, they find themselves in dire financial straits. The lack of financial literacy, poor investments, and other factors play a role in the downfall of these once-prominent athletes. This article will explore the causes behind this phenomenon and how it can be avoided in the future.
NBA players are often seen as the epitome of success and wealth. However, many of them end up facing financial hardship after their careers in the NBA come to an end. The story of broke former NBA players is one that is often overlooked but is a reminder that money isn’t everything. It’s important to understand what leads these former stars to financial ruin and how they can avoid it in the future.
The National Basketball Association (NBA) is a dream come true for many aspiring athletes. However, the reality of life after basketball can be hard for some players who have not managed their finances well. Many former NBA players find themselves in financial difficulty and unable to cope with the demands of day-to-day life. This article will explore the causes and consequences of this problem, as well as looking at ways to support former NBA players who find themselves in this difficult situation.
This is the story of Allen Iverson | 14 seasons, $155 million in career basketball
On the one hand, Iverson’s presence on the list is not particularly surprising. One of the greatest actors of the last generation has always liked to be controversial, an image she will also care to cultivate. On the other hand, Iverson is the biggest earner on the list, and that’s not counting the money he brought in from advertisements and sponsorship contracts. Considering the fact that at the end of the 90’s of the last century and at the beginning of the current millennium he was one of the biggest sports stars on the planet, one must speculate on sports in extremely large sums. Extremely large sums are also needed to finance an entourage of 50 people, who walked beside and behind him in his days of glory, and also after them. The divorce agreement from his wife, in which he must pay alimony in the amount of 360,000 dollars a month, did not help calm the account of the answer. If you have, Iverson still has light at the end of the tunnel. Fortunately for him, the good people at Rivk knew how to judge his problematic nature, and in the contract they signed with him at the beginning of these days that a trust fund of 30 million dollars would be opened for him, it could only be redeemed when he was 55. Although he has to share the money with his ex-wife, but also 15 million dollars He is honorable.
