Allen Iverson Still Earns $800K Per Year From His Lifetime Reebok Deal; Massive Payout Incoming On 55th Birthday

Allen Iverson turned 50 this past Saturday, but The Answer is far from forgotten - on the court, in the culture, or in his bank account. The NBA legend, who changed not only the way the game was played but also how it was perceived, continues to earn $800,000 a year through his lifetime endorsement deal with Reebok. 

And come his 55th birthday in 2030, Iverson is set to receive a staggering $32 million payout from that very same deal, a deferred financial bombshell that proves Iverson’s icon status was never just about basketball.

Iverson first signed with Reebok in 1996 when he entered the league as the No. 1 overall pick out of Georgetown. But in 2001, the peak of his MVP powers, Reebok locked him in for life. 

The deal guaranteed an annual $800,000 payout for as long as he lives, plus the massive lump sum on his 55th birthday. And while Iverson may have had well-documented financial missteps during his career, this Reebok deal has aged into one of the most secure and brilliant long-term decisions of his life.

In 2023, Iverson’s bond with the brand deepened even further. Reebok announced that Allen Iverson would officially become the Vice President of Reebok Basketball, working alongside Shaquille O’Neal, who took on the role of President of Basketball. 

It’s a poetic pairing, two of the most dominant, culture-shifting icons of the 2000s, now steering Reebok’s resurgence with real influence and credibility.

Iverson’s basketball résumé is as legendary as his impact on hip-hop culture and streetwear. An 11-time All-Star, the 2001 NBA Most Valuable Player, a 4-time scoring champion, and a 3-time steals leader, Iverson was inducted into the Naismith Memorial Basketball Hall of Fame in 2016. 

He’s also a member of the NBA’s prestigious 75th Anniversary Team and remains one of the league’s most beloved and influential figures.

Over his 14-year NBA career, Iverson averaged 26.7 points, 6.2 assists, and 2.2 steals per game, standing at just 6 feet tall, yet carrying the weight of an entire franchise and era on his back. 

He led the Philadelphia 76ers to the 2001 NBA Finals, delivering one of the most iconic Finals performances in Game 1 against the Lakers, stepping over Tyronn Lue after torching the league’s best defense. That image is eternal.

Despite his legendary status, Iverson’s career earnings from NBA salaries totaled approximately $154 million. While some of that was lost due to spending habits and personal struggles, the Reebok deal has stood firm as his financial backbone. 

The lifetime payments and eventual $32 million lump sum ensure that Iverson, who once feared going broke, is now secure.

Iverson remains a cultural torchbearer, and whether it’s his cornrows, tattoos, crossover dribble, or fearless scoring, he redefined what it meant to be a superstar. With Reebok’s rebirth on the horizon, and a $32 million birthday gift on the way, The Answer is still cashing in, just like old times.