Last Updated on December 26, 2024 by Mathew Diekhake

Allen Iverson’s contract history reflects his status as one of the NBA’s most electrifying players during his career. Below is an overview of his contract history:

Philadelphia 76ers

  1. 1996 NBA Rookie Contract:
    • Length: 3 years
    • Value: $9.4 million
    • Iverson was selected as the No. 1 overall pick in the 1996 NBA Draft.
  2. 1999 Rookie Extension:
    • Length: 6 years
    • Value: $70.9 million
    • Signed after his rookie contract, cementing him as the franchise cornerstone.
  3. 2003 Extension:
    • Length: 4 years
    • Value: $73.5 million
    • Signed after already being an MVP (2001) and leading the 76ers to the NBA Finals.

Denver Nuggets

  1. 2008 Contract Remaining from Philadelphia:
    • Traded to Denver in December 2006 while still under the 2003 extension. Iverson played out the remaining years of this contract with the Nuggets.

Detroit Pistons

  1. 2009 One-Year Deal:
    • Value: $20.8 million
    • Iverson was traded to Detroit during the 2008-09 season but did not receive an extension there.

Memphis Grizzlies

  1. 2009 Free-Agent Signing:
    • Length: 1 year
    • Value: $3.1 million
    • Signed with the Memphis Grizzlies, but he played only 3 games before parting ways with the team.

Philadelphia 76ers (Return)

  1. 2009-10 Contract:
    • Length: 1 year
    • Value: Veteran minimum ($1.3 million)
    • Iverson returned to the 76ers briefly but left midseason for personal reasons.

Beşiktaş (Turkey)

  1. 2010-11 Overseas Contract:
    • Length: 2 years (did not play the full duration)
    • Value: $4 million
    • Signed with Beşiktaş in Turkey after leaving the NBA.

Lifetime Reebok Deal

  • In addition to his NBA contracts, Iverson secured a lifetime endorsement deal with Reebok in 2001.
    • The deal reportedly guarantees him a $32 million trust fund payout in 2030, as part of his “deferred payment” structure.

Career Earnings Summary (NBA Contracts Only)

  • Total Earnings: Approximately $155 million

Iverson’s contracts were a reflection of his immense talent and popularity, but financial mismanagement during his career also made headlines. However, his Reebok deal remains a financial safety net for the Hall of Famer.