Allen Iverson has seen it all—an MVP title, millions in earnings, and a legendary NBA career. But financial struggles changed everything. Back in 2012, he hit rock bottom with bankruptcy, making his lifetime deal with Reebok a saving grace. The $2.5 billion brand not only kept him on board but even set up a trust fund worth $32 million, which he’ll receive when he turns 55. On paper, it seems like Iverson has finally regained his financial stability. But there’s a catch.

Unfortunately, it all comes down to a postnuptial agreement Iverson signed before his divorce from Tawanna. According to Complex, the deal had conditions, and failing to meet them meant losing the entire trust fund. And that’s exactly what happened! By 2013, their divorce was finalized, and Iverson lost the full value. However, Tawanna chose to give back half— This meant instead of $32 million, he’ll only receive $16 million. The payout is still five years away, but even then, it won’t be the safety net he once had.

If that wasn’t enough, Iverson has faced financial blows before. A decade ago, he lost his Georgia mansion to foreclosure. Now, though, his fight isn’t just for himself. He’s stepping up for families in Newport News, trying to make a difference despite his own setbacks. But amid all the struggles, his alma mater decided to step in with a powerful gesture.

Just hours ago, Georgetown University made a big announcement—dropping a special “Georgetown University x Allen Iverson” collection in collaboration with Roots of Fight. The exclusive merch is already up for grabs, and fans can find it through the clothing brand’s Instagram bio.

However, while this tribute is a win, Iverson’s bigger dream—his vision for his hometown—faces an uncertain future.

Will Allen Iverson’s hometown dream finally get a green light?

A decade ago, Allen Iverson lost his Georgia mansion to foreclosure. Now, he’s in another fight—not for himself, but for families in Newport News. The NBA legend has been pushing for a multi-family development project in the city. But in February, the Newport News City Council rejected the proposal with a close 4-3 vote. The plan? To bring 120 luxury affordable apartments to the Denbigh neighborhood. While the setback was frustrating, there’s still hope—the city council has decided to take another look.

According to 13 News Now, the council revisited the rezoning request on March 11, reconsidering the decision they made just weeks earlier. In February, the land at 628 and 634 Old Fort Eustis Blvd. remained zoned for single-family homes, leaving the project at a standstill. However, if the rezoning gets approved this time, the 6.3-acre area will be reclassified for medium-density multi-family housing, opening the door for development.

If green-lit, the plan would allow developers to construct four buildings with 120 apartments. Right now, one property is just an abandoned house, while the other remains untouched. But as city planners pointed out, higher-density housing has been a part of the area’s history. Meaning? The proposal actually aligns with Newport News’ long-term vision.

As a Hampton native, Iverson is personally invested in the project. Now, with the proposal heading back to the Planning Commission before another council vote, he’s got a second shot. According to WTKR, his mother and local residents have already discussed the project’s logistics—proving this isn’t just business for Iverson, it’s about home.