Magic Baltimore Listen Live
Magic 95.9 Featured Video

Former NBA star Allen Iverson makes $62,500 a month but is spending way beyond his means to the tune of $358,376.66 a month.

TMZ reports that more than $125,000 of his money is going toward paying off  several creditors, including his jeweler and mortgages. And his Atlanta  home is going to be auctioned off soon.

Iverson spends $10,000 on clothing each  month, $5,000 on entertainment and another $5,000 at restaurants.

Iverson made more than $150 million during his NBA career. At the end of each month, he is $300,000 further into debt.

Also On Magic 95.9: