Source: basketball, endorsements
Born: June 7, 1975. Hampton, Virginia
Marital Status: Single, Divorced
How much money does Allen Iverson make?
|Career||(may be incomplete)||$154,494,445|
In 2010, Iverson got a two-year, $4 million contract with Turkish basketball club Besiktas.
Iverson broke rumors
There have been reports saying Iverson may be broke or bankrupt. This is not true according to writer Peter Vecsey. According to him, Iverson has a bank account worth $32 million, a principal he is not allowed to touch until he turns 55. In the meantime, it gives him $1 million annually.
A age 45, Iverson will also get about $8,000 a month from his NBA pension.
Endorsement Deals and Sponsors
In 1996, Reebok signed Allen Iverson to a 10 year $50 million endorsement contract. His Reebok sneaker the “The Answer” was a big seller. In November 2001, he got a lifetime extension on that contract. The first Reebok contract was worth $5 million a annually. Apparently, that yearly payout is guaranteed for life.
Iverson earned $7 million from endorsement deals in 2009 and 2008.
In 2011, Iverson stopped making mortgage payments to his mansion in Colorado. Iverson who brought the home in 2008 for $3.88 million, let the six-bedroom, nine-bathroom mansion go into foreclosure and owed more than $2.5 million to the bank.