The commercial will air during the all new season of SNL and in Las Vegas.
"You don't have to ditch your main chicken sandwich, they just wanna be your Side Chik."
The two wed in 2008 and share two children together.
The late Miss USA titleholder died in 2019.
"There was more drastic things to worry about than basketball," Towns said.
Odom believes that the late NBA icon gave him a message about the afterlife.
The residency was to include 10 performances from Coolio over 10 days.
"I was at a point when I was like, 'I'm walking away from this business.'"