Allen Iverson To Receive $32 Million From His 2001 Reebok Deal In 10 Years
A whole decade post-retirement, 11-time NBA all-star Allen Iverson is set to receive a huge payday in the near future, according to financial analysts. Talks of Allen Iverson’s historic 2001 deal with Reebok resurfaced on social media amid his recent 45th birthday.
Sports business reporter Darren Rovell tweeted this about the deal:
“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.”
Allen Iverson is reportedly still receiving $800K a year from Reebok and will cash in $32 million in a trust fund once he turns 55. According to reports, the deal was arranged in these payments to keep the Philadelphia 76er from going bankrupt. However, reports of financial hardship circulated the media when his high school sweetheart, Tawanna Turner, filed for divorce in 2010. She will, reportedly, gain half of the $32 million.
However, this is sticky considering their marital status is widely unknown. Allen and Tawanna share five children, and according to the former baller – they reconciled just a month after the divorce was finalized in 2013. He even referred to her as “the one” in an Instagram post on her birthday last year.
What do you think about Allen Iverson’s delayed business deal? Let us know in the comments.