How Much Does A Retired NBA Player Make?
We all know that professional athletes make a lot of money, but what happens when they retire? How much does a retired NBA player make?
We did some research and found that the average retired NBA player makes about $50,000 per year. However, this number can vary greatly depending on a number of factors, such as the player’s career earnings, investments, and post-retirement endorsements.
So, if you’re wondering how much a retired NBA player makes,
Kobe Bryant
Kobe Bryant is one of the highest-paid athletes in the world. He earned a reported $26 million in salary and endorsements in 2017, according to Forbes. However, Kobe’s earnings are a far cry from what he made during his playing days.
During his 20-year career with the Los Angeles Lakers, Kobe earned a total of $323 million in salary, according to Spotrac. That number doesn’t include endorsements or any other sources of income.
So how much does a retired NBA player make? It depends on a number of factors, including the player’s salary during their playing career, their endorsements and business ventures, and whether they have any financial problems.
For example, Allen Iverson made more than $154 million during his 14-year NBA career, but he is reportedly broke and has filed for bankruptcy. Other retired NBA players like Scottie Pippen and Latrell Sprewell are also reported to be struggling financially.
On the other hand, players like Michael Jordan and Shaquille O’Neal have parlayed their successful NBA careers into lucrative businesses. Jordan is currently worth an estimated $1.9 billion, while Shaq is worth an estimated $400 million.
Tim Duncan
As of 2020, Tim Duncan is estimated to be worth around $130 million. He has earned this fortune through his years playing in the NBA, endorsement deals, and investments. Duncan played for the San Antonio Spurs for his entire 19-year career and is considered one of the greatest players of all time. He was a five-time NBA champion and two-time NBA MVP. After he retired in 2016, Duncan became an assistant coach for the Spurs.
Dirk Nowitzki
Dirk Nowitzki is a retired German professional basketball player. He played a total of 21 seasons in the National Basketball Association (NBA), spending the last 20 of them with the Dallas Mavericks, before retiring in April 2019. At the time of his retirement, he was the sixth-oldest player in NBA history and the oldest player to ever play for the Mavericks.
Nowitzki was drafted by the Milwaukee Bucks with the ninth overall pick in the 1998 NBA draft, but was immediately traded to the Mavericks, where he spent his entire career. He quickly became their franchise player and made his first All-Star appearance in 2002. He led the Mavericks to 15 NBA Playoffs berths, including 12 consecutively from 2001 to 2012 and closed out his career as their all-time leader in points, rebounds, blocks and made field goals. An eight-time All-NBA Team member, Nowitzki was named the NBA Most Valuable Player (MVP) in 2007 and was an integral part of their 2011 championship team that defeated the Miami Heat 4–2 in six games during which he was named Finals MVP.
In late March 2019, several media outlets reported that Nowitzki would retire after 21 seasons. A formal announcement took place on April 10 during a home game against the Phoenix Suns, where a video featuring various tributes from players and coaches played on the American Airlines Center scoreboard. In it, Nowitzki stated that he would have preferred to have announced his retirement after a successful season but expressed gratitude at having ” been able to play for so long with so many greats”.
Kevin Garnett
As of 2020, Kevin Garnett’s net worth is estimated to be $120 million.
Garnett started his NBA career in 1995 with the Minnesota Timberwolves and went on to play for the Boston Celtics, Brooklyn Nets, and Minnesota Timberwolves again. He was a 15-time NBA All-Star and a 9-time member of the All-NBA Team. He won an NBA Championship with the Boston Celtics in 2008 and was named the NBA Defensive Player of the Year in 2008.
Garnett retired from the NBA in 2016 and is currently a minority owner of the Boston Celtics.
Paul Pierce
Paul Pierce, who played 19 seasons in the NBA and was a 10-time All-Star, retired in 2017. He is currently an analyst on ESPN.
Pierce made over $200 million in salary during his playing career, according to Basketball Reference. He also had some lucrative endorsement deals, including with Verizon and Nike.
In retirement, Pierce is still making good money as an analyst. ESPN pays its NBA analysts well, with salaries reportedly ranging from $500,000 to $1 million per year. So while Pierce’s playing days are over, he is still doing quite well financially.