Allen Iverson

Former NBA star Allen Iverson, who had a Georgia judge seize his bank account to pay out a nearly-$900,000 jewelry debt, may not be broke after all.

Though Iverson's insolvency was assumed by many when that news broke last month, the New York Post's Peter Vecsey, through "a person with a firm grip on the situation" reports that Iverson has an account worth $32 million that he cannot access until he turns 55 years old that feeds him $1 million annually.

That account, Vecsey writes, was created by "(someone) who cared a great deal for Iverson and grasped the extent of his habits, loyalties and generosity."

When he turns 45, the 36-year-old Iverson will be eligible for an NBA pension that would pay him $8,000 a month, according to the Post. The longer he waits to tap into that, the greater the monthly payout would be.

Meanwhile, Iverson's attempts to make an NBA comeback appear to have stagnated. Reports surfaced last month, around the time of the judge's ruling against him, that he was willing do whatever it took to hook on with another team.

Iverson has been out of the NBA since 2010 and made a brief appearances in Turkey in 2010-11. Discussions earlier this year with Puerto Rican professional teams never amounted to anything.



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