NBA World reacts to Allen Iverson, Reebok News

SHANGHAI, CHINA – NOVEMBER 10: Former American basketball player Allen Iverson receives an interview during the rehearsal of Double 11 Global Shopping Festival 2018 on November 10, 2018 in Shanghai, China. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images)

In 2001, Allen Iverson scored a defining moment in his career by taking the Philadelphia 76ers to the NBA Finals.

It was probably not the best decision he made that year.

Later in November, the star keeper signed a lifetime endorsement deal with Reebok. This commitment continues to reward Iverson handsomely.

As Real Talk and Bleacher Report reminded Twitter users, Iverson gets $800,000 a year from Reebok until he turns 55. When it reaches this milestone in 2030, The Answer will have access to a $32 million trust.

Fans marveled at the shrewd trade arrangement, which gives Iverson a safety net just over two decades after retiring from the NBA.

Former NBA veteran Brandon Jennings has argued that the Hall of Famer deserves an even bigger sum as the defining face of the sneaker brand.

Given his notorious spending habits, this back-loaded contract could have saved Iverson from hastily spending most of his endorsement earnings.

About Kimberly Alley

Check Also

NBA 2K23 releases new Dreamer Pack featuring Kevin Durant in 3 new iterations

NBA 2K23 released its first bi-weekly fan update a few days ago. Surprisingly, many fans …