While you might think that every professional athlete out there today is wealthy beyond their wildest dreams, that simply is not true. It takes a special athlete to really become the type of superstar that will net them many millions of dollars by the time that they put on their uniform for the last time. This would be the case for Keven Garnett. He spent more than two decades as a professional basketball player, become one of the most decorated professional athletes of all time. There are not many awards that he did not win during his career, which is a testament to his hard work and dedication. Becoming that good did not just happen overnight. It looks years of tireless work to perfect his craft. He is also said to just be a genuinely good guy, which has certainly contributed to his net wealth over the years. In fact, it is now estimated that Kevin Garnett has a net worth of $120 million, even though is no longer playing professional basketball. Continue reading to learn how he got to this point in his financial life.
Where Did the Money Come From?
Kevin Garnett is a now retired professional basketball player in America. He has a net worth in excess of $120 million, and that will likely continue to grow in the coming years. You will find that much of his money has come from playing basketball and through endorsement contracts that he signed through the years. For most of his career, he played for Minnesota Timberwolves. This was a relatively small market team, but his loyalty spoke volumes. He would become known as a superstar who could single-handedly raise the talent level of other players around him. He was also looked to as a mentor for younger players. This is remarkable since Kevin Garnett himself entered the league at the ripe young age of 18.
Kevin Garnett also played for the Boston Celtics and Brooklyn Nets. It was with the Celtics that he ended up winning a Championship that had long eluded him when he played for the Timberwolves. You will find that basketball is in his blood. He has been playing his entire life. He entered the NBA straight out of high school back when that was still allowed. He quickly matured and earned his keep. He never looked back and continue to earn contract after contract, each one worth considerably more money than the one before. Through the years, he has been nicknamed Mr. Basketball, Da Kid, KG, The Big Ticket, and The Franchise. This illustrates just how highly regarded he is as a basketball player, endorser, and community member.
His Early Career
To understand how Kevin Garnett came to earn more than $120 million, you first need to know how he got to be a professional basketball player in the first place. As mentioned, you will want to know that he began getting paid for basketball straight out of high school. This obviously gave him a head start on earning considerable sums of money when compared to other professional athletes today. When he was drafted straight out of high school, it is important to note that he was the first player to accomplish that feat in more than 20 years. That speaks to his basketball ability and the belief that the Minnesota Timberwolves had in him to become a superstar. At that time, no team in the NBA would be willing to give up one of their coveted draft picks on somebody that was so young unless they truly believed that there was a special talent behind the name. Kevin Garnett certainly did not disappoint.
His Many Accolades
Believe it or not, the average career for a professional basketball player is only a couple of years. The competition is fierce and it is quite difficult to keep one’s body in the type of physical condition that is necessary to continue playing at such a high level. The fact that Kevin Garnett was actually able to stay in the league and keep putting up the kind of statistics that he did for more than 20 years speaks to just special of a talent he actually was. It was the 2003/2204 season that Kevin Garnett was able to lead the Timberwolves to the Western Conference Finals. That same year was the season he would be named the Most Valuable Player in the NBA. He also won a gold medal as a part of the 2000 Olympic Men’s Basketball Team. It was in 2008 that he was named the Defensive Player of the Year in the NBA, and in 2003 he was named the MVP for the All-Star Game. These are just a few of the many awards that he won through the years, so this is an obvious indicator of just how much money teams were asked to pay for his services.
Given that Kevin Garnett played professional basketball at such a high level for so many years, that explains a lot when it comes to detailing where his $120 million has come from. Throughout his career, he was able to earn a whopping $334.3 million. What many people do not realize is that this is the most ever in the NBA to this point. It is even higher than the total amount that Kobe Bryant was able to make during his career. During one season alone, Kevin Garnett was able to make $28 million. The last year that he played in the NBA, his salary was $12 million. That same year, he was able to rack up another $10 million in endorsements alone. Naturally, he would spend some of this money through the years, but he is also a shrewd investor. Even with alleging that his portfolio manager has siphoned off more than $70 million from his accounts, Kevin Garnett still has a wealth reported to be $120 million and growing.