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.

.Music entrepreneur hasn’t paid mortgage since January

Donald Trump recently bailed TV legend Ed McMahon out of home foreclosure, so maybe he can help Damon Dash, too. The co-founder of Roc-a-Fella Records hasn’t made a payment on his $78,504.20-per-month mortgage since January, according to The New York Post. Dash and his wife, Rachel Roy, are in jeopardy of losing their New York residence after taking out a $7.3 million loan on two Tribeca properties. The former hip-hop heavyweight reportedly owed $2 million in back taxes last year and has been fighting back debtors, despite an estimated $50 million net worth.