Allen Iverson Wife Tawanna Turner In 2022, Is He Still Broke Despite Reebok Deal?
Allen Iverson, a former professional basketball player, lost almost all of his career earnings after his retirement and was fortunately saved by a deal with the shoe brand Reebok in 2012.
In addition to becoming an 11-time NBA All-Star and winning the MVP of the All-Star game in 2001 and 2005, Iverson was also the NBA’s Most Valuable Player (MVP) in 2001. In 1997, he was named the league’s Rookie of the Year.
Allen Iverson’s Wife Tawanna Turner In 2022
At the age of 16, Iverson and Tawant to Turner began dating. They later married at The Mansion on Main Street in Voorhees, New Jersey. Tawanna filed for divorce on March 2, 2010, requesting child custody and spousal and child support payments.
[image-1]
Iverson was charged with kidnapping his kids and keeping them away from their mother in 2013. He refuted it, and his ex-wife eventually withdrew her denial. Instead, he claims the couple reunited less than a month after their 2013 divorce was finalized.
He remembered his ex-wife in a speech while he was kept in the Naismith Memorial Basketball Hall of Fame in 2016. They still live separately, but she shows her support for her ex-husband despite their history.
Is Allen Iverson Broke Despite Reebok Deal?
No, he is not broke right now, but his financial status would have been much better if he had planned his investments when he had a net worth of $200 Million during his retirement in 2010.
Two years after he stopped playing professionally, Allen Iverson completely drained his savings. His spending was so absurd that once, he forgot the parking spot of his car at the airport, so he ditched it to get a new one instead.
Fun Fact: Allen Iverson signed a deal with Reebok in 2001 that changed his life.
This lifetime contract with Reebok pays Iverson $800,000 each year till he’s 55 years old. After that he gets a huge lump sum of $32,000,000. pic.twitter.com/xnbBCfJXpr
— Real Talk ? (@Real7Talk) July 12, 2022
As a result, after he missed a payment to a Georgia jeweller totalling more than $900,000, he even filed for bankruptcy. He was saved by a deal with Reebok, finalized in 2001.
According to the CEO of Reebok International Ltd., Matt O’Toole, Allen Iverson is an iconic basketball figure still relevant to many customers, making him worth the money they are paying him.
Allen Iverson’s Net Worth In 2022
The deal came to light in 2013 when his wife filed for a divorce from him. Iverson was given a business account worth more than $32 million by Reebok, which continues to pay him $1 million in dividends every year without ever touching the principal, which he can’t access until he turns 55.
Iverson now has a fresh lease of life in terms of business, thanks to this account, an ongoing $800,000 annual contract, and other endeavours like NFTs and cannabis.
