It’s Official: Allen Iverson Retires … Broke!

*Damn, this is heartbreaking, especially for us ladies. Allen Iverson is too fine to be broke AND retired, but its official.

We know, we know. You’re talking to the screen saying, “But he hasn’t played in the NBA with the Philadelphia 76ers for four years” blah, blah, blah. And he did give us a heads up a few days ago. But still, when LeBron James and others of his ilk call you “the best pound-for-pound NBA player,” how are you going to just…walk away.

Oh hell. Give us girls a minute cause we ain’t happy about this.

OK (insert collective sigh here), we’ll be alright. According to The Inquisitr, the 11-time All-Star and seven-time All-NBA selection, whose estimated wealth at one point hovered around the $200 million mark, is reportedly leaving his beloved sport relatively broke.

Beleagured by child support issues, divorce settlement entanglements, debts to jewelers and attorneys, alleged gambling, alcohol addictions, and property foreclosures, the 38-year-old ex-shooting guard has reportedly squandered the millions he made during a career that spans nearly two decades.

Well, nobody said he was smart.

You may recall Iverson almost went to jail earlier this year when he reportedly didn’t have the money to pay the court mandated $8K in child support to ex-wife Tawanna, for their five children.

Now, Iverson’s worth is said to be less than $1 million.

At a press conference on Wednesday, Iverson credited former 76ers coach Larry Brown and his former Georgetown University coach John Thompson, both at the ceremony, for turning him into a man. He also gave props to the legendary Michael Jordan for being an inspiration saying,

“I have to thank Michael Jordan for giving me the vision. Without that vision, it just wouldn’t have been possible. He made me want to play basketball,” adding, “He basically showed me the way and gave me that path.”

We’re going to miss you, A.I. We wish you (and your five kids) the best!

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