Iverson...
Terraholm
Looks like an annulment, too early to call it a divorce...
Is Allen Iverson's career in Memphis over after just three games?
On Saturday, Iverson was granted permission to leave the the Grizzlies
to deal with a personal matter a Grizzlies spokesperson confirmed.
The question is, will he be back?
=====
Is history repeating itself? If it is, one GM was ready to write AI's
NBA eulogy: "He's finished in the NBA. He can go hang out with Stephon
Marbury."
SkippyPB
His personal matter? How to not be an ass hole for not being a team
player. In other words, no matter what the Grizzlies' are saying,
Iverson went home to pout. Just like he did in Detroit. They'll be
lucky to see him again this season unless they promise him he can
start.
Regards,
--
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-- George Carlin
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Steve
Grey Matters
news:6uudf5ls9cvb9vt41...@4ax.com:
> On Sat, 07 Nov 2009 21:46:39 -0800, Terraholm
> <terrahol...@gmail.com> wrote:
>
>>
>>Looks like an annulment, too early to call it a divorce...
>>
>>http://tinyurl.com/yj3jvjo
>>
>>Is Allen Iverson's career in Memphis over after just three games?
>>
>>On Saturday, Iverson was granted permission to leave the the Grizzlies
>>to deal with a personal matter a Grizzlies spokesperson confirmed.
>>
>>The question is, will he be back?
The funny thing is that the Grizzies owner said in July that they were
planning on using him in a sixth man role, and now he's whining about
them using him in a sixth man role?
I don't quite see what the point is, though, of letting him go AND paying
him, like the article suggests.
>>Is history repeating itself? If it is, one GM was ready to write AI's
>>NBA eulogy: "He's finished in the NBA. He can go hang out with Stephon
>>Marbury."
>
> His personal matter? How to not be an ass hole for not being a team
> player. In other words, no matter what the Grizzlies' are saying,
> Iverson went home to pout. Just like he did in Detroit. They'll be
> lucky to see him again this season unless they promise him he can
> start.
I'd pay a dollar to see his bank balance and his apparel contracts right
now. Based on his gambling habits alone, he's not going to stay liquid
for long. I wouldn't be surprised if he's been borrowing against future
earnings to stay liquid, and now he's finding himself with just a
fraction of what he was earning last year and he's scrambling for a way
to stay afloat.
Michael Fletcher
Couldn't imagine that the way he's acting. Unless he's in total denial.
The way he's acting now makes you think he might not have been that
stupid after all and he'll be fine financially. Then again there's the
whole denial thing.
SkippyPB
Meanwhile the undermanned Pistons handled Iverson's old team pretty
well on Sunday. Unless Iverson has some print contracts, I don't
think he's making any money on advertising. You never see him in any
TV ads for Nike or anyone else. I'm not aware of an Iverson clothing
line unless its what they've give gang bangers when they are arrested
and put in jail or a coffin.
Regards,
--
////
(o o)
-oOO--(_)--OOo-
"Always be sincere, even when you don't mean it."
-- Irene Peter
Grey Matters
news:kcdgf59kphd9ifko5...@4ax.com:
> On Mon, 09 Nov 2009 04:30:29 -0800, Michael Fletcher
> <mfle...@serverart.com> wrote:
>
>>Grey Matters wrote:
>>> I'd pay a dollar to see his bank balance and his apparel contracts
>>> right now. Based on his gambling habits alone, he's not going to
>>> stay liquid for long. I wouldn't be surprised if he's been
>>> borrowing against future earnings to stay liquid, and now he's
>>> finding himself with just a fraction of what he was earning last
>>> year and he's scrambling for a way to stay afloat.
>>
>>Couldn't imagine that the way he's acting. Unless he's in total
>>denial.
>>
>>The way he's acting now makes you think he might not have been that
>>stupid after all and he'll be fine financially. Then again there's the
>>whole denial thing.
>
> Meanwhile the undermanned Pistons handled Iverson's old team pretty
> well on Sunday.
Wallace played like he was eight years younger. Villanueva played pretty
well too. I think the Pistons are going to do pretty well against clubs
without a lot of inside presence, but they're going to get hurt going up
against clubs with good bigs, unless they get really good penetration
after ball movement and get the other team's center and PF in foul
trouble. That's not a formula for consistent wins, but it is
entertaining.
> Unless Iverson has some print contracts, I don't
> think he's making any money on advertising. You never see him in any
> TV ads for Nike or anyone else. I'm not aware of an Iverson clothing
> line unless its what they've give gang bangers when they are arrested
> and put in jail or a coffin.
I looked up his Reebok contract and it seems he's getting $5 million a
year for *life* -- he'll be 50 and collecting from them. I'm sure
there's a morals clause, but it hasn't been triggered yet so it probably
requires a felony conviction before he defaults. On the other hand, I
can see him getting into enough trouble with creditors and the IRS that
he sells out on the contract for a lump sum payment in the next few
years. Or, the "personal reasons" that he's gone to Atlanta to attend
revolve around a divorce, and he's trying to negotiate down his alimony
and legal costs.
SkippyPB
Yeah, here's a link to an article about the contract when it was
signed in 2001.
http://www.sportsbusinessdaily.com/article/61255
A key component then was, Reebok and 76ers execs both said that they
"expect that the $10[M] annual figure should not dip considerably over
the next few years as long as Iverson's apparel line - and Reebok
itself - continue to do well and Iverson is playing." Smith adds,
"there is a morals clause in the contract, although sources would not
describe what it says" (PHILADELPHIA INQUIRER, 11/29).
I can see this contract getting rescinded if Iverson retires as he has
threatened to do.
Grey Matters
>Grey Matters wrote:
>
>>SkippyPB <swie...@Nospam.neo.rr.com> wrote:
I don't, actually. If he didn't lose the money when he had to settle a
year or two ago after his entourage beat up a guy, I doubt he loses the
money because he retires. The actual amount of the lifetime contract
seems a little up in the air. That article says it's $10 million a year,
the article I saw earlier said it was $5. This article says the total
value is $100 million:
http://www.nytimes.com/2002/07/21/sports/basketball-iverson-is-a-study-
in-contradictions.html
I'm guessing that Reebok offered him a bonus for agreeing not to move
anywhere else, and that his actual payout after that was dependent on
sales. He's probably burned through most of whatever Reebok was going to
pay him. We'll see. I'd love to see Memphis hold on to his rights,
though, so that he can't go to Europe or anywhere else. They may be too
eager to let him go, though.