Allen Iverson’s Reebok Contract Includes A $32 Million Trust Fund To Be Received In Just 10 More Years

Allen Iverson, who recently turned 45, has just 10 years left until he will receive $32 million from his lifetime deal with Reebok.

Back in 2001, when Iverson was the NBA MVP fresh off leading the Philadelphia 76ears to the Finals, he signed the massive deal.⠀

“Allen Iverson turns 45 today,” Darren Rovell of The Action Network wrote on Twitter on Sunday. “Ten years from today, on his 55th birthday, he receives a $32 million trust fund as part of the lifetime Reebok deal he signed in 2001.”

Allen Iverson turns 45 today. Ten years from today, on his 55th birthday, he receives a $32 million trust fund as part of the lifetime Reebok deal he signed in 2001. pic.twitter.com/ptbZTOYEsN

— Darren Rovell (@darrenrovell) June 7, 2020

Each year, Iverson makes several appearances for the apparel brand, whose parent company is Adidas, and receives an annual $800,000 salary, according to Bleacher Report.

Back in 2018, Reebok CEO Matt O’Toole spoke highly of the legendary basketball player, stating, “He’s an iconic personality.”

“Let’s get on a plane to Shanghai together. You bring Allen Iverson into a market like that. I’ll stand firmly that he has a big place in basketball and sports history,” O’Toole stated about Iverson in an interview on the ‘Bloomberg Business of Sports’ podcast.