When Allen Iverson's Reebok endorsement saved the $1M worth spendthrift superstar from going broke (Image: IMAGN)
NBA legend Allen Iverson reportedly amassed almost $155 million in earnings over the course of his 14-year career in the league. The sum would cross $200 million if we take into account the earnings from his numerous endorsements.
However, Iverson was famously generous and extravagant in his spending, which led to his net worth dipping down to around $1 million. Within two years of retiring from the league in 2010, Iverson had burnt through his fortune. He even filed for bankruptcy when he failed to make a payment of around $900,000 to a Georgia jeweler.
That's where Iverson's lifetime deal with Reebok allowed him to bounce back from financial insecurity. Iverson had initially signed a 10-year, $50 million contract with Reebok when he was drafted first overall by the Philadelphia 76ers in 1996.
