I am definitely well aware that sometimes the media exaggerates when a celebrity who made alot of money is no longer making that money. I am hoping that is really the case here. There have been well known stories about Allen Iverson struggling financially. Having his houses foreclosed, owing child support, creditors coming after him. To his credit however, he isn’t walking around fronting like everything is all good. He is flat out saying he don’t got it. He had to go to court this week to block a judgement his ex-wife wanted to have put into effect. She wanted $1.2 million, but AI says he doesn’t have it. Hit the jump for more.

@IamJoeSports

According to TMZ

Former NBA star Allen Iverson — who raked in more than $140 million during his career — says he’s a pathetic shadow of the man he once was … at least financially … and he wants his ex-wife to drop her child support demands.

TMZ broke the story — Allen’s ex-wife Tawanna Iverson went to court last month, asking a judge to force Allen to pay $1,272,000 into a trust fund for child support. She wanted the money in a lump sum because she was sick of chasing him every month.

Allen has now filed court docs scoffing at her demand, because he doesn’t have the dough.

Allen says the only steady source of income he has is a Reebok deal. We don’t know exactly how much he pulls in, but he claims it’s nowhere near enough to meet his ex-wife’s demands.

Allen also says he resents his ex’s claim that he’s a deadbeat dad, boasting that he paid more than half-a-mil in support this year alone.

The judge has yet to rule.

With alot of money, comes alot of responsibility. Athletes really need to take notice.