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• 3mo. Allen Iverson 's shoe deal with Reebok is often credited for saving the Hall of Famer's life. After Iverson went broke, it was learned that he continues to receive $800K in annual...
Oct 12, 2023 · Allen Iverson signed a $50 million deal with Reebok in 2001, with a guaranteed $800,000 per year for life and a $32 million trust fund at 55. Learn how he lost and recovered his fortune, and how Reebok benefited from his legacy.
- Ian Servantes
Jun 8, 2020 · Allen Iverson signed a lifetime deal with Reebok in 2001 that guaranteed him a $32 million trust when he turns 55. He can collect his trust fund in 10 years, after reaching the milestone of 45 on Sunday.
- Tyler Conway
- Featured Columnist
Jul 2, 2020 · He signed a very unique endorsement deal with Reebok. In addition to paying $800,000 a year for life, Reebok set aside $32 million in a trust fund that Allen will not be able to access until he turns 55 in the year 2030. This deal came to light when Allen’s ex-wife filed for divorce.
- Alex Sumsky
Sep 8, 2023 · The $32 million Allen Iverson will earn on June 7, 2030, is the trust fund’s maturity date. Matt O’Toole, Reebok’s former CEO, said in an interview in 2018 that the Philadelphia 76ers...
Mar 5, 2024 · Under the deal, Iverson would receive $800,000 yearly as well as a $32 million trust fund that he will have access to in 2030, as AFROTECH previously told you.
Mar 2, 2012 · The $32 million is known as the “Reebok fund” among Iverson’s friends, because the money came from shoe deals. Now, living with in those means may be a challenge for Iverson. But someone had the foresight to protect the man from himself, and that is going to save him.
