Allen Iverson‘s bank account is reportedly as dry as a desert, but the former NBA star is still making it rain.
TMZ reports that A.I. brings in $62,500 in monthly income but his lifestyle is costing him $358,376.66 per month. The entertainment site reports that his dire financial situation is outlined in documents filed as part of his bitter divorce battle with his ex-wife, Tawanna Iverson.
TMZ breaks down where all of his cash–or lack thereof–is going:
A large chunk — $125,749.33 to be exact — is spent paying off various creditors (like his jeweler) … and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off).
But Allen says he blows a lot on OTHER expenses too … like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants … and so on.
All in all, Iverson — who reportedly made over $150 MILLION during his NBA career — says he ends up in the hole each month to tune of $295,876.66. Ouch.
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