Book Says Allen Iverson May Not Be Able To Collect His Entire $32 Million Reebok Trust Fund

Ok, by now it should be common knowledge that Allen Iverson isn’t broke and that he has a trust fund that will be released to him, in full, when he turns 55. According to the book that said Iverson was drunk during his “Practice” speech, however, the former NBA star may not be able to collect it all. Thanks in part to his divorce.

Via Complex

For those who aren’t familiar with the trust fund Reebok set up for A.I. back when he first signed with them, it calls for the former NBA superstar to collect about $32 million when he turns 55. However, in his book, Babb claims that, back in 2010 when A.I. and Tawanna first started the divorce process, A.I. was so desperate to win Tawanna back that he signed a postnuptial agreement that called for him to lose the entire Reebok trust if he violated a number of items. Those items included:

• Can not cheat or have children outside of marriage.
• No physical or verbal abuse.
• Must attend marriage counseling.
• Must speak to therapist about drinking and gambling problems.
• Can never gamble again.
• Must be home by midnight.
• Must discuss any purchases over $5K.

Babb also claims that A.I. didn’t live up to at least one of those items and that, in turn, Tawanna moved ahead with the divorce and finalized it in 2013—taking the entire trust fund with her. For some reason, she did eventually agree to give A.I. half of the Reebok trust back in the divorce, but she kept the other half for herself. It was reportedly a nice gesture on her part, but it’s also worth noting that A.I. didn’t have to agree to the postnuptial agreement in the first place. So he stands to lose out on a lot of money in 15 years for, well, being a bad husband.

Now here’s the good news. Iverson has hinted on a new few occasions that he and Tawanna are back together and working things out. He doesn’t refer to her as his wife, they’re still divorced, but they seem to be a couple of sorts. If he can keep this going for another 15 years he may have a shot at seeing all of his money.

In the meantime, Allen Iverson has also inked a deal with Stance Socks, which should keep his pockets lined up for a while also.