NBA player is latest athlete to face housing market struggle

Denver Nuggets guard Allen Iverson is offering a $1 million break on his Villanova, Pa., home. The 14,000-square-footer has six bedrooms, his-and-hers marble bathrooms, a 12-seat movie theater, pool house and four-acres of land. But after at least a year on the market, Iverson and his wife, who bought the house together in 2003, have generated little interest. The price is down to $3.9 million. So get out those checkbooks.

Coach says Ed Johnson won’t play this week, following incident

Super Bowl-winning coach Tony Dungy (above) says the Colts’ Ed Johnson won’t suit-up this week following Johnson’s drug arrest early Wednesday. Cops say Johnson was pulled over for speeding in Indianapolis about 1 a.m. and was later charged with marijuana possession. The lineman was released on bond from the Hamilton County Jail. Team management says the incident will be further investigated to determine if any action is taken. The NFL says the matter will also be reviewed under the league’s substance abuse policy.

Puncher hit with claim of contract violation. At this rate, Floyd “Money” Mayweather could wind up known as Floyd “Need A Loan” Mayweather. First, he had $7 million in jewels stolen from his house and now he’s the target of a lawsuit. A Florida real estate dealer says the boxing standout wiggled away from an $8 million property purchase after signing a contract stating that his company put $1.7 million into escrow toward the buy. But the developer claims Mayweather never properly established the account before trying to move into the spot. Mayweather’s being sued for damages and costs associated with the seller’s having taken the property off the market.

Sprinters face-off for highly anticipated rematch
Asafa Powell has beaten world-record-holding sprinter Usain Bolt by one-hundredth of a second at the DN Galan meet in Stockholm, Sweden. Powell raced to the finish line in 9.88 seconds against his fellow Jamaican. Powell had previously lost to Bolt at the Olympic Trials last month. Bolt then went on to break Powell’s world record of 9.74 seconds by running a 9.72-second race in New York on May 31.

Tony Dungy predicts timely Manning recovery

NFL coach Tony Dungy’s confident that his quarterback will be ready to start for the Indianapolis Colts in their season-opener, despite a knee injury. It’s even possible that Peyton Manning could compete during the pre-season, adds Tony Dungy. Manning recently underwent surgery that was projected to have him sidelined for six weeks. “I have talked to Peyton, and we’re just following the doctor’s instructions right now,” Dungy says. “I’m hoping for four weeks, but if he’s truly out six weeks, I think it will be hard to keep him out. However it goes, he’ll be ready when he comes back.”