The financial devastation of former NBA superstar Allen Iverson points to the financial struggle that the player has endured after a series of poor economic choices.
Rather than focusing on the negative side of player outcomes, how about we look at the positive side? See Jamal Mashburn, a guy with a lot of talent, but not nearly as much as Iverson. Rather than blowing all of his money on nothing and ending up in the financial doghouse, Mashburn has transformed the pennies of the NBA into a net worth that nearly matches that of many NBA owners.
Jamal Mashburn earned $75 million during his NBA career, prior to having his career cut short due to knee injuries. Allen Iverson earned more than $200 million during his career, prior to having his career cut short due to his nasty attitude, along with his lack of respect for authority. Mashburn now owns 34 Outback Steakhouse restaurants, 37 Papa Johnís restaurants, two car dealerships, and a real estate company in the state of Kentucky. Iverson is broke, and owes $30 million in debt.ď The amount of money that you have has got nothing to do with what you earn. People earning a million dollars per year can have no money. People earning $35,000 per year can be quite well off. Itís not what you EARN. Itís what you SPEND.Ē