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19.12.14 0954
The W - Basketball - Allen Iverson spent/lost $150Million
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StaggerLee
Scrapple








Since: 3.10.02
From: Right side of the tracks

Since last post: 15 hours
Last activity: 15 hours
#1 Posted on | Instant Rating: 1.63
http://www.thepostgame.com/blog/dish/201202/allen-iverson-has-no-answer-financial-woes

This is what happens when the "give back to the community you came from" mentality runs wild.
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ekedolphin
Scrapple








Since: 12.1.02
From: Indianapolis, IN; now residing in Suffolk, VA

Since last post: 183 days
Last activity: 21 days
#2 Posted on | Instant Rating: 3.12
These guys get into professional sports and some of them go instantly from scrounging around for their next meal (until the food stamps come on the first of the month) to having more money than they know what to do with.

But the money is still finite, and I think a lot of them have trouble understanding that.



"Yeah, but WHOSE SIDE IS HE ON?!"
--Bobby "The Brain" Heenan, WCW Bash at the Beach 1996

Fan of the Indianapolis Colts (Super Bowl XLI Champions), Indiana Pacers and Washington Nationals

Certified RFMC Member-- Ask To See My Credentials!

Co-Winner of Time's Person of the Year Award, 2006

DJ FrostyFreeze
Knackwurst








Since: 2.1.02
From: Hawthorne, CA

Since last post: 2 days
Last activity: 12 hours
#3 Posted on | Instant Rating: 6.97
Read it and weep, fella


You can almost predict which pro athlete this will happen to next just based on the level of on/off-field knuckle-headed-ness they display during their playing days. Crazy.



CLICK OR DIE
RYDER FAKIN
Six Degrees of Me








Since: 21.2.02
From: ORLANDO

Since last post: 19 days
Last activity: 19 days
AIM:  
#4 Posted on | Instant Rating: 5.68
C'mon Frosty, World Peace will be able to draw 100k on the lecture circuit. People NEED his advice

FLEA




Demonstrations are a drag. Besides, we're much too high





ekedolphin
Scrapple








Since: 12.1.02
From: Indianapolis, IN; now residing in Suffolk, VA

Since last post: 183 days
Last activity: 21 days
#5 Posted on | Instant Rating: 3.12
God knows I'm not the world's most responsible person when it comes to money, but I have a hard time imagining how I'd ever be able to spend $150 million my entire lifetime.

(Of course, if you're giving so damn much of it to your friends, who probably hung around you in the first place because they smelled money from the day they met you, that would go a long way towards explaining how you're so damn broke now).

And I don't see any of Iverson's so-called friends coming out of the woodwork now to help him out.



"Yeah, but WHOSE SIDE IS HE ON?!"
--Bobby "The Brain" Heenan, WCW Bash at the Beach 1996

Fan of the Indianapolis Colts (Super Bowl XLI Champions), Indiana Pacers and Washington Nationals

Certified RFMC Member-- Ask To See My Credentials!

Co-Winner of Time's Person of the Year Award, 2006

shawnpatrick
Kishke








Since: 31.7.07
From: Leesville SC

Since last post: 946 days
Last activity: 828 days
#6 Posted on | Instant Rating: 1.81
The NBA requires it's rookies to take a money management seminar basically telling them that the money will stop one day and plan wisely. And it's staggering how many people can blow through 100 million or more
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