In 2001, Iverson made a decision that would inevitably save him from his future self. 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. As a result of the divorce, Allen will inherit half the trust fund in 2030.
@HungerforMoney
Not worth arguing...my source is Todd MacCulloch, lifelong friend of mine going back to our high school days...he knows exactly the ins and outs of all his former 76ers family and teammates.
Its really an epic sad story what happened to A.I...but not uncommon at all.
Tyson, MC Hammer just to name a few legendary falls from grace...but in NBA recent times, nobody's fall comes close to Iverson's purely from a financial POV
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