The Iversons have been in court sorting out their divorce/custody battle this year, and it’s been a mess. In February, the judge presiding over the case ripped into AI as a parent and stripped him of custody of their five children. He was ordered to pay $8,000 a month in support.
As of June, he hadn’t paid any of the money and Tawanna had to take additional measures to get him to finally pay.
In order to avoid the mess of hoping Allen comes through with the payment each month, Tawanna is asking a judge to make Allen pay 13 years of support up front, which would total a $1.272 million lump sum payment. The payments would run until their youngest child turns 18.
We have no idea what kind of cash flow or savings Iverson has, but such an arrangement seems like it would make things a lot easier. There was a report last year saying Iverson had $35 million stashed away in a bank account. If that’s the case, he should be able to make this kind of payment without a problem.