How Allen Iverson’s Ex-Wife’s Gesture Allowed Him to Keep Half of $32 Million Trust Fund Despite Divorce Settlement

Former NBA star Allen Iverson’s ex-wife, Tawanna Turner, was entitled to his entire $32 million Reebok trust fund after he reportedly violated an unusual post-nuptial agreement the longtime 76ers guard made with his wife. Allen Iverson, photo via Instagram, @Allen Iverson What Was in the Prenup In 2010, Iverson reportedly signed a stringent post-nuptial agreement in an effort to salvage their marriage. The terms were clear: no cheating, no abuse, mandatory marriage counseling, therapy for drinking and gambling issues, a gambling ban, curfews, and discussions on purchases over $5,000, according to& Washington Post reporter Kent Babb’s book,& “Not a Game: The Incredible Rise and Unthinkable Fall of Allen Iverson.” That agreement stipulated that Iverson’s failure to adhere to those terms meant he would forfeit his entire Reebok trust to his wife. Iverson ultimately did fail to comply with those terms, and the couple divorced in 2013, when Tawanna could’ve been granted the entire $32 million trust fund, Complex reported. Tawanna opted for him to keep half of the fund — a $16 million concession — despite Iverson’s bankruptcy filing in 2012, just two years after his final NBA season. Iverson does not seem to have responded to allegations in the...