Allen Iverson Net Worth and Bankruptcy

NBA retired basketball player Allen Iverson has estimated net worth of 1 Million dollar. Unlike any NB player, Allen isn’t quite rich and he was endorsed by little sponsors only. Even he is quite amazing player at that time, but his salary from endorsements is very low and isn’t much as any other basketball players.

Allen Iverson began his professional NB career after selected by the Philadelphia 76ers in the 1996 NBA draft. He scored 37 points and even crossed Michael Jordan which becomes an epic battle at that time. Due his achievement, Philadelphia 76ers then gives Iverson $2,200,000 as salary plus $8,900,000 as the contracts deal with the team. In 1999, the Philadelphia 76ers extended Iverson contract for $70,800,000 and increased his salary for $14,600,000 in 2004. In 2005, Iverson signed $73,400,000 with the team before finally departed and moves to Denver Nuggets in 2006. There he received $17,100,000 and $19,010,000 as the salaries along with the team.

After two years with the Nuggets, Iverson then moves to Detroit Pistons in 2008 and received $20,840,000 as its salary. Iverson then departed from Detroit Pistons then landed to Memphis Grizzlies and signed $3,000,000 contract deal with the team. Even Allen Iverson popularity and skill decreased, he still managed to reach $50,000,000 in 2012 as the lifetime endorsement with Reebok.