Allen Iverson NBA Salary Timeline: Former Star's Retirement Woes Reportedly Continue

Iverson Has Run Out Of Answers
Open Image Modal

Known as "The Answer" during the height of his NBA career, Allen Iverson is apparently out of answers in retirement.

When Iverson entered the league out of Georgetown as the No. 1 overall selection in the 1996 NBA Draft, he sported just one tattoo: The only ink on the then 21-year-old from Hampton, Va. was an image of a bulldog on his left bicep beneath the words "The Answer." After Iverson's prodigious scoring for the Philadelphia 76ers lifted him to NBA superstardom, his signature line of Reebok sneakers also bore that nickname. Perhaps foreshadowing his future legal and financial woes, Iverson was actually sued over his nickname in 2001 by an acquaintance claiming to have come up with the moniker.

Three years after he last played in the NBA, Iverson's personal life is in shambles and his fortune has been squandered, as recently chronicled in a riveting feature in The Washington Post by Kent Babb.

“He has hit rock bottom, and he just hasn’t accepted it yet,” former 76ers teammate Roshown McLeod told Babb.

CLICK HERE to read the full story in The Washington Post

Despite his longstanding desire to return to the NBA, Iverson has been likelier to make headlines off the court than on it since the 76ers released him in March 2010. After a brief exhibition trip to China and an injury-shortened stint in Turkey, Iverson turned down a chance with the Dallas Mavericks' D-League outfit in January 2013. His travails in semi-retirement -- including a divorce, foreclosure and garnished wages -- have been as likely to be reported by TMZ as by the traditional sports media outlets that covered his youthful exploits.

In its coverage of the powerful profile in The Washington Post this week, Philly.com noted that "The NBA's bad boy from Hampton, Virginia by way of Georgetown will never pay for another drink in Philly." According to various reports, alcohol has been a fixture of his decline. In March 2010, Stephen A. Smith, then a columnist for The Philadelphia Inquirer, wrote that Iverson needed help to curb his drinking and gambling.

"Allen Iverson is in trouble, folks, deep trouble," Smith wrote. "The combination of alcohol and gambling - and a once-promising career in tatters because of the first two - won't culminate in anything short of disaster if help does not arrive in short order."

A day after Smith's story was published, Iverson took to Twitter to speak directly with his fans.

"To my fans: You all know that my life isn't perfect. I am going through some very tough times right now, like I am sure that we all do from time to time," Iverson wrote in a series of tweets. "However, I will stand tall like always with 'rhino' thick skin. Even though I have become used to hearing people say things about me that aren't true, it still hurts. I encourage you to continue your ongoing support and I want you to trust that this is another obstacle in my life that, with God's help I will overcome. God Bless You All."

Considered alongside Babb's recent piece in The Washington Post, Smith's 2010 personal, impassioned note of caution seems prescient. Iverson's path toward a stable post-retirement life is reportedly obstructed by many of the same issues that plagued him when he last played in the NBA.

To put Iverson's reported fiscal ruin in perspective, here is a look back at his NBA earnings* over the years along with several highs and lows from his time on and off the court.

Allen Iverson Career Timeline
Draft Day - 1996(01 of23)
Open Image Modal
Philadelphia selected Allen Iverson out of Georgetown with the No. 1 overall pick in the 1996 NBA Draft. (credit:AP)
1996-1997(02 of23)
Open Image Modal
NBA Salary: $2,267,000 (credit:AP)
1997-1998(03 of23)
Open Image Modal
NBA Salary: $3,128,640 (credit:AP)
1998-1999(04 of23)
Open Image Modal
Iverson won his first scoring title, averaging 26.8 points per game.

NBA Salary: $3,537,000
(credit:AP)
1999-2000(05 of23)
Open Image Modal
Iverson earned $9,000,000 in NBA salary during the 1999-2000 season, the first campaign of a six-year deal worth $70.9 million. (credit:AP)
2000-2001(06 of23)
Open Image Modal
Iverson won the NBA MVP award for the 2000-01 season and led the 76ers all the way to the NBA Finals, where they fell to the Los Angeles Lakers.

NBA Salary: $10,130,000
(credit:AP)
Wedding(07 of23)
Open Image Modal
On Aug. 4, 2001, Iverson married Tawanna Turner. (credit:AP)
Reebok Deal(08 of23)
Open Image Modal
Iverson and Reebok announced a "lifetime endorsement and marketing contract" in November 2001. This was an extension to a 10-year, $50 million endorsement deal, per USA Today. (credit:AP)
2001-2002(09 of23)
Open Image Modal
Iverson won his third NBA scoring title, averaging 31.4 points per game.

NBA Salary: $11,250,000
(credit:AP)
Gun, Assault Charges(10 of23)
Open Image Modal
This is the Tuesday, July 16, 2002 booking photo of Allen Iverson, provided by the Philadelphia Police Department. Philadelphia 76ers guard Allen Iverson surrendered to authorities at sunrise Tuesday on gun and assault charges. Iverson is awaiting arraignment for allegedly storming into his cousin's apartment with a gun and threatening two men while looking for his wife. (AP Photo/Philadelphia Police Department)The charges were later dropped. (credit:AP)
2002-2003(11 of23)
Open Image Modal
NBA Salary: $12,375,000 (credit:AP)
2003-2004(12 of23)
Open Image Modal
Iverson and the 76ers agreed to a $76.7 million, four-year contract extension.NBA Salary: $13,500,000 (credit:AP)
2004 Olympics(13 of23)
Open Image Modal
Allen Iverson of the United State's looks at the scoreboard near the end of a 92-73 loss to Puerto Rico in a preliminary round game at the Helliniko Indoor Arena in Helliniko, Greece during the 2004 Olympics Games, Sunday, Aug. 15, 2004. 92-73. The U.S. would go on to win the bronze medal. (credit:AP)
2004-2005(14 of23)
Open Image Modal
Iverson won his fourth NBA scoring title, averaging 30.7 points per game. NBA Salary: $14,625,000 (credit:AP)
2005-2006(15 of23)
Open Image Modal
Iverson's NBA salary was $16,453,125 in his final full season with the 76ers. (credit:AP)
2006-2007(16 of23)
Open Image Modal
Iverson was traded to the Denver Nuggets on December 19, 2006.NBA Salary: $17,184,375. (credit:AP)
2007-2008(17 of23)
Open Image Modal
NBA Salary: $19,012,500 (credit:AP)
2008-2009(18 of23)
Open Image Modal
Iverson was traded to Detroit in November 2008.
NBA Salary: $20,840,625
(credit:AP)
2009-2010(19 of23)
Open Image Modal
Iverson signed with the Memphis Grizzlies before the 2009 season, but only played in three games before agreeing to have his one-year contract terminated.

Iverson then returned to Philadelphia for 25 games before being released in March 2010.
Combined NBA Salary: $1,191,180
(credit:AP)
2010-2011(20 of23)
Open Image Modal
Iverson agreed to a two-year $4 million contract to play for the Turkish basketball team Beskitas on Oct. 29, 2010.

He suffered an ankle injury after just 10 games and returned to home.
(credit:AP)
Divorce(21 of23)
Open Image Modal
Iverson's then-wife Tawanna filed for divorce for the second time in 15 months. According to TMZ, Iverson was making $62,500 in monthly income but his expenses cost him $358,376.66 per month. He reportedly reached a divorce settlement that included a payment of $3 million to Tawanna. (credit:Getty Images)
Garnished Wages(22 of23)
Open Image Modal
A Georgia judge garnished Iverson's bank account in order to settle a $859,896.46 balance with a jeweler, per TMZ. (credit:Getty Images)
Foreclosure(23 of23)
Open Image Modal
TMZ reported in February of 2013 that Iverson lost his $4.5 million Georgia home in a foreclosure auction. (credit:AP)

*NBA salary info via Basketball-Reference.com.

Support HuffPost

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.

Would you join us to help keep our stories free for all? Your will go a long way.

Support HuffPost

Before You Go