What Allen Iverson’s Foreclosure Says About the State of the Black Athlete

March 8, 2011

Allen Iverson

by Dr. Boyce Watkins, Syracuse UniversityScholarship in Action 

It appears that life just got more complicated for former NBA star Allen Iverson. It is being reported that Iverson’s 6,848 square-foot home in Cherry Hills, Colorado is now in foreclosure. Iverson is an 11-time NBA All-Star and former MVP. He purchased the home in 2008 for $3.88 million and now owes $2.5 million to Wells Fargo.

 

I am not sure if this foreclosure is part of a broader financial trend in Iverson’s life, but I certainly wouldn’t be surprised. For some odd reason, the last five years have produced one of the fastest slides of any player in recent memory. Just a few years ago, Iverson was an NBA beast; slashing, leaping and sprinting his way to magical performances. As the years went by, we saw more and more reports that Iverson’s personal life was starting to unravel. Stories about alcoholism and gambling problems were accompanied by an embarrassing drop in his on-court statistics, leading America to conclude that Iverson was becoming an aging also-ran.

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