It's no secret that Allen Iverson has fallen on hard times financially after his days as an NBA superstar, but things might be worse than anyone suspected. Details surrounding Iverson's divorce proceeding in 2012 were released, and they shed light on his current financial situation.
The Washington Post reported that Iverson pulled out his pants pockets during the proceeding, and declared "I don't even have money for a cheeseburger," as he turned to his estranged wife, Tawanna. Her heart went out to Allen, whom she gave $61 to, in hopes of helping him out.
Iverson amassed over $140 million during his NBA career, which included a huge deal with Reebok. The money seems all but squandered now, except for a $30 million deferred trust from Reebok, which he can't touch until he turns 55.
Like other professional athletes, it seems that Iverson's story will remain a cautionary tale for those just starting out.