Thanks to his lifetime contract with Reebok, Allen Iverson is set to receive a $32 million trust fund when he turns 55 in 2030.
The NBA legend celebrated his 45th birthday last Sunday, and in about a decade his bank account is going to have extra commas in it.
AI previously had a 10-year, $50 million deal with the sports brand and was getting paid $800,000 annually.
Iverson inked the deal back in 2001 when he led the Sixers to the finals as the MVP. “He’s an iconic personality,” Reebok CEO Matt O’Toole said on the Bloomberg Business of Sports podcast (h/t Katie McInerney of the Philadelphia Inquirer) in 2018. “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.”
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