Ever since his retirement in 2011, many have surmised that former Philadelphia Sixers icon Allen Iverson is in financial free-fall. There have been countless reports of Iverson enduring monetary hardships, but these suspicions should be dismissed as Iverson reportedly possesses a ‘Reebok Fund’ that keeps him upright financially.
During his playing days, Iverson was recognized as an untamable spender, and many people have shared stories regarding A.I.’s money habits. Former Sixer and current Los Angeles Clippers forward Matt Barnes was the latest to share a tale regarding Iverson’s tendencies, recalling how much the 2001 MVP dropped when they made trips to the strip club.
Via Chris Ballard of Sports Illustrated: Allen was the first guy that showed me how NBA players spend money in strip clubs,” Barnes says. “That guy went. HARD. He’d throw so much money, and this was when I was first in the league, that I used to take my foot and scoop the s— under my chair and either re-throw it or put some in my pocket. He’d throw $30,000, $40,000 every time we went. I’m like, ‘You realize what I can do with this money?’
Some people don’t even make $30-40K in a year, so to throw that amount of money at a strip club frequently is preposterous to most. However, NBA players tend to live a very lavish and costly lifestyle, and Iverson tossing a boku amount of cash at a strip club is just another illustration of that.
Ballard’s feature on Barnes, which touched on a multitude of topics including Los Angeles Lakers management, his hatred for Maurice Cheeks and constantly being fined, was outstanding and is definitely worth a read.