Allen Iverson took the world of basketball by storm when he was drafted for the first time in the 1996 NBA draft. His consistent goal-scoring prowess meant that the Philadelphia 76ers soon became rivals of heroism. Known for his play on the court and his off-the-shelf trademark, “response” changed the game.
In Netflix’s book ‘Colin in Black & White,’ Colin Kaepernick, a former NFL defender, and civil rights activist, recalled that as a child, he wanted to do hair like Allen’s. With a playing career for nearly a year and a half, Allen has signed contracts worth millions.
How Does Allen Iverson Make money?
Allen Iverson was a standout performer when he left high school but got into trouble when he was 17 years old when he was tied up in a bowling alley. After serving a 15-year sentence, Allen was released from prison for four months, after which his sentence was eventually commuted.
Then he had to finish his senior year at an endangered youth school. However, the talented player was hired by John Thompson, coach of the basketball team at Georgetown University in Washington DC.
Allen Iverson had two productive years there, leading the team in the Elite Eight round of the NCAA tournament. He then announced the NBA draft and was selected by the 76ers for their first selection. He won the Rookie of the Year award by scoring more than 23 points per game.
However, the team ended their campaign with a losing record but promised a better future. In his third season, the 76ers made the playoffs and became regular playoff contenders after that.
In 1999, Allen Iverson signed a six-year contract, worth $ 70 million. Just two years later, he was named MVP of the league, and Philadelphia made the trip to the NBA finals after his playing career. However, Allen had no problems outside of court. In 1997, he was arrested for possession of drugs and firearms.
A year after he made his MVP, Allen Iverson was accused of breaking into a house and a gun while searching for his wife after a domestic incident. But charges were also dropped.
The top scorer also had a very lucrative contract with Reebok. After signing a ten-year, $ 50 million contract in 1996, Allen Iverson signed a lifetime extension of $ 800,000 annually and came up with a $ 32 million fund that he could reach by 2030 when he was 55 years old.
After retiring, there were rumors that Allen had run out of money and was sinking into debt. But he spoke to them in 2015, saying, “That’s a myth. That’s a rumor. The fact that I am struggling in every aspect of my life. ”
Allen Iverson’s Total Net Worth
Allen Iverson made nearly $ 200 million during his playing career which included his salary and recommendations.