Money: It May Not Ruin the Hockey Season, Allen Iverson is Losing it, Lenny Dykstra Lost it

Kyle Scott —  December 5, 2012 — 25 Comments

image from mobilwi.typepad.comAnd Michael Vick won't be planking on it (but he did make $24,000 per snap with the Eagles)

- Today is a big day for hockey. Owners and players met – directly – late last night in New York. No Flyers, nor Ed Snider, were present, but there is cautious optimism for a 50(or so)-game season, Tim Panaccio reports: [CSN Philly

“Very cautious,” one source said. “Still very early, but better dialogue today.”

It’s been quite a while since both sides considered they made significant progress in the talks, but that may have finally changed. 

 

Snider will be present today, however, at the league’s annual board of governors meeting. The assumption is that if there is going to be a season, this week’s meetings would be close to the last chance for a deal to be reached. With optimism coming out of yesterday’s meetings and owners getting together today (especially influential ones like Snider), you’d think that some issues could be decided. Maybe. Probably not.  

- Allen Iverson divorce proceedings are still ongoing and, as such, we’ve learned a bit about AI’s finances. According to court docs obtained by TMZ, Iverson brings in about $62k a month in income (assorted endorsements, residuals, I assume), but his expenses are around $360k per month. Now, I’m not real good at math, but something tells me he has a cash flow problem.  

image from assets1.bigthink.com

So, where does the money go?

A large chunk — $125,749.33 to be exact — is spent paying off various creditors (like his jeweler) … and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off). 

But Allen says he blows a lot on OTHER expenses too … like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants … and so on. 

All in all, Iverson — who reportedly made over $150 MILLION during his NBA career — says he ends up in the hole each month to tune of $295,876.66. Ouch. 

Despite the mounting debt though, he's still got his Maybach (which is fully paid off) … and reportedly worth between $340k – $400k.

 

Well, at least the Maybach is paid off. Maybe he should sell it. Everyone needs a Maybach. 

- Lenny Dykstra was sentenced to six and a half months in jail as part of his federal bankruptcy case. He hid (and sold) valuable sports memorabilia from his playing days and household items during his bankruptcy investigation, which is quite illegal. Dykstra was originally sentenced to 14 months in prison, but he had already served seven while awaiting sentencing. He will also have to do 500 hours of community service. 

The LA Times reports that Dykstra, while in jail, got into a fight with sheriff’s deputies back in April:

"Dykstra became agitated and assaulted a [medical technician] and a nurse," sheriff's spokesman Steve Whitmore said. "Deputies then used force to restrain Dykstra."

Dykstra suffered a bloody nose, but Whitmore denied reports that Dykstra's teeth were damaged in the struggle. He said a use-of-force report was taken and an investigation was opened. The Sheriff's Department operates the county jail system. 

 

The Dude.

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Kyle Scott

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25 responses to Money: It May Not Ruin the Hockey Season, Allen Iverson is Losing it, Lenny Dykstra Lost it

  1. Awhile back I read an article titled Iverson’s One friend (or something along those lines). The story talked about how AI gave hundreds of thousands of dollars (not to mention a ton of Black cards to his “closest” friends)to all of his boys but his one friend put all that money in an account in AI’s name that he can’t touch till hes 40. Probably won’t put a dent is his debt but still a cool story none the less.

  2. Candy from the Oak December 5, 2012 at 10:34 am

    Say what you want about Crosby, but he will be one of the main reasons if we have a season. G is to busy getting fat and building a oven

  3. http://www.nypost.com/p/sports/more_sports/iverson_isn_broke_down_o9flvhfTwhRD1lNMWBFuyJ
    I think this is the article you were thinking of. His money is in a trust that he can’t touch until he is 55 and he gets a 1 mil a year stipend from it.

  4. love how crosby is leading the talks and your flyers are all sucking eachother off somewhere

  5. 1) G is shaping up like Scott Pa & doesn’t have the drive/heart to be a superstar.
    2)All Mr. Snider cares about is his $$$ & chasing girls.
    BTW- his G bear shirt is a disgrace

  6. This site needs more ads

  7. Andrew: This presupposes Allen makes it that far. I’m not sure he will. I just can’t envision a middle aged Iverson spending his days in an active senior community, given his pseudo-gangsta/baller lifestyle and the cretins he hangs with, and he’ll NEVER change because he wouldn’t know how. Meanwhile, don’t think he isn’t dreaming up ways to get his hands on that trust TODAY so he can make it rain someplace. Idiots like Iverson only concern themselves with the here and now while the future is something they see on Star Trek.

  8. Candy from the Oak December 5, 2012 at 11:08 am

    @ pat. That shirt is awful. Only bright side of the strike is that I don’t have to see any Delco trash wearing it at games or xfin cause they cant afford tickets

  9. I could go for another Amazon Ad post

  10. @Candy O the Oak….ouch !!! ….Delco Trash ? you could be from Darby or Gloucester.
    Girlsofphilly.com ? Gentlemen, load ur cum socks…..

  11. I can’t wait for this same article to be posted similarly in about ten to fifteen years about Desean Jackson.

  12. @ThePhillyFlash, you hit the nail on the head. it would not surprise me if iverson’s final days end tragically. besides his gross spending habits, iverson’s insatiable love for gambling has been well documented too. the rate at which he is spending money versus making money means he will probably seek additional lines of credit from “not so nice” lenders. his hole of debt will only grow deeper and he’ll fall into more trouble and hardship. i wouldnt be shocked if his end mirrors that of hector camacho.

  13. I bet all those girlsofphilly whores love the black snake you pussy ass white boys

  14. 1999 Carpenter Jeans from Old Navy December 5, 2012 at 12:06 pm

    Post those Ryan Howard’s white wife ruining her wedding dress pics?????
    I keep hearing about them but unable to find them on the www

  15. dennis what’s wrong with you blacks why don’t you help out your ailing bro iverson?

  16. My step daughter worked at the Fridays on South St years ago, Iverson came in with his posse and a waitress carded one of the posse, Iverson complained, and the manager fired her.

  17. @Dennis Real men eat pussy til they get lockjaw

  18. girls of philly still exists? i haven’t heard their corny advertisements in years.

  19. Unlike Bynum When AI Bowls People Die Yo December 5, 2012 at 1:42 pm

    Show of hands for people who feel any sympathy towards Iverson? None? Thought so.

  20. @Al, I never eat white pussy, I just use and abuse them, they seem to like it. Look at that white whore hope solo, she got slapped around and came right back for more the next day!!

  21. dennis sounds ignorant

  22. Quit kidding yourself. Crosby isn’t doing shit in these talks. He’s there because he has to be and. He is not a lawyer. He is not a negotiator. nothing has changed since he has been there and nothing will. If they come to an agreement, it won’t be because of some “wisdom” this kid has bestowed upon everyone.
    Meanwhile our Flyers are too busy actually keeping in game shape and playing for charity…But that something you would know nothing about since most of your penguins are held up somewhere in West Virginia “practicing” by day and banging each other by night. YOU KNOW I’M RIGHT.

  23. Candy from the Oak December 5, 2012 at 2:46 pm

    @ mr right too long of a post.

  24. Mr. Right, keep it short asshole

  25. ^^ short like yo johnson Dennis try the veal i’m here all weak lol

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