Category: Allen Iverson

NBA player Allen Iverson signed a lifetime endorsement contract…

NBA player Allen Iverson signed a lifetime endorsement contract with Reebok in 2001. Part of the terms of the contract was that they would pay him $800,000 a year until he reaches age 55. Then, he will receive a final lump sum payment of $32,000,000.

Photo : Keith Allison / Flickr / wikimedia