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

by Baller Alert Staff
June 8, 2020
Reading Time: 1 min read
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allen iverson for college

. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images)

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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.

allen iverson for college
Photo by Visual China Group via Getty ImagesVisual China Group via Getty Images

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