Reebok, acquired by Adidas in 2005, currently pays Iverson an annual salary of $800,000, which he’s been receiving since the start of the deal.
In 2018, Reebok CEO Matt O’Toole talked about the high six-figure salary and said Iverson is worth every cent.
Iverson started working with Reebok after he became the first overall pick in the 1996 NBA draft and his Reebok Question shoe was released.
Earlier this year, Reebok released the Origins Pack that will include two new signature Allen Iverson sneakers, the Answer V and Question Mid.
To celebrate the launch, Reebok announced it will pay college application fees for rising seniors — totaling more than 400 — at Iverson’s alma mater, Bethel High School in Hampton, Virginia.