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His above-the-rim game, first unveiled in the renegade American Basketball Association, was a harbinger of the style that was soon to dominate. Erving won pro basketball’s first slam-dunk competition, and his soaring reverse layup from the baseline during the 1980 NBA Finals against the Los Angeles Lakers was a highlight for the ages.

“With me being involved in the process and the one that’s putting it out, it’s actually a better situation economically then if my children or grandchildren were to do it,” Erving said. “We decided now’s the time.”

Still, Erving has been hit with financial issues since he moved to Atlanta, the newspaper reported. The AJC reported in April 2010 that a golf club Erving purchased was in foreclosure. The bank filed a lawsuit Oct. 18 against Erving and his corporation, The Erving Group Inc. of Atlanta. Erving’s company was given a $1 million line of credit in April 2009, which was due the following April, according to the lawsuit obtained by the AJC.

In the lawsuit, the bank stated an outstanding balance of $205,277.84 has not been paid, despite a demand letter for payment sent Sept. 29.

Erving said he visited the bank on Wednesday in an attempt to resolve the issue.

Erving said he still works and lives off his present-day income, not any savings. He’s involved in a cell phone business and medical records company, among others.

But his marquee job is just being Dr. J.

“Every day there’s something associated with Dr. J that I have to discuss with one or more of my personal associates or family members,” he said.

Erving is perhaps the greatest Sixer and the franchise hasn’t won a championship since `83. His sightings in the city and at Sixers functions have been sparse and there was a disconnect between him and the team.

The Sixers were recently sold to new owners that promised to strengthen the link to their past. Majority owner Joshua Harris and Erving served together on the board of directors at Converse, and Dr. J was recently back in the Philadelphia area for a private reunion of the 1983 team.

“They are reaching out and they are interested in their heritage and that’s good to see,” Erving said.

Bidding will be open to registered bidders on Friday and end Nov. 19.


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