Allen Iverson will receive $32 million from sponsors Reebok when he will turn 55 in 2030

Though the Philadelphia 76ers legend Allen Iverson has not played in the league for over 10 years, Reebok is still paying him $800,000 per year. The deal Iverson signed years ago is said to have saved the 76ers star from going bankrupt after his NBA career ended. As per Action Network's business analyst Darren Rovell, Iverson will have access to the $32 million Allen Iverson Reebok Trust Fund when he turns 55 in 2030. 

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Allen Iverson Reebok trust: Allen Iverson to earn $32 million after the Allen Iverson Reebok Trust will mature in 2030

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. pic.twitter.com/ptbZTOYEsN

— Darren Rovell (@darrenrovell) June 7, 2020

In 2001, Iverson signed a deal with Reebok that would pay him $800,000 a year throughout his lifetime. However, the deal included a $32 million trust fund which he would receive only after he turns 55 ten years later. This deal with Reebok was revealed after his ex-wife filed for divorce. She will now receive half of the trust when it matures.

Last year, the CEO of Reebok International Ltd Matt O'Toole stated that they think Iverson is an iconic basketball personality and continues to remain relevant for many of their customers, making him worth the money they are paying him. The 76ers legend won the NBA MVP award in 2001, after which he signed with Reebok and then-CEO Paul Fireman. 

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Allen Iverson birthday: Iverson's highschool tape goes viral on Allen Iverson birthday

Allen Iverson turns 45 today and a reminder that he would have unstoppable in Madden.