Kevin Garnett Net Worth: Kevin Garnett is an American retired professional basketball player best known for his time with NBA’s Minnesota Timberwolves and the Boston Celtics. Throughout his 21-year career, Garnett earned $336 million in salary alone making him the highest-earning player in the history of the NBA. Yes! He earned more than Kobe Bryant ($323 million). Kevin retired after the 2016 season and in January 2017 became a consultant with the Los Angeles Clippers. His net worth is estimated at $190 million. Here’s everything you need to know about Kevin Garnett’s wealth.
Kevin Garnett Net Worth: How He Began
Kevin Maurice Garnett was born on May 19, 1976 in Greenville, South Carolina. He began playing basketball in middle school and continued through to high school beginning with Mauldin High School, California and then Farragut Career Academy, Chicago for his senior year. Following his impressive performance at Farragut, Garnett declared himself eligible for the 1995 NBA draft. He made the decision after failing to meet the minimum SAT score required for a divisional scholarship. He was selected fifth overall pick by the Minnesota Timberwolves to become the first player drafted straight from high school in 20 years. At the age of 19 years and 11 months, he was also the youngest player in the NBA at the time.
Kevin Garnett Net Worth: Minnesota Timberwolves Career And Earnings
Garnett’s rookie contract was a 3-year, $5.4 million contract, which saw him bank $1.6 million in his first year. Starting out from the bench, he quickly earned a spot in the team’s starting lineup. In his sophomore season, Garnett improved his game and ultimately led the Timberwolves to its first ever playoff. Garnett also made it to his first All-Star appearance.
By the 1996/1997 season, Kevin 21, became a free agent and signed a 6-year, $126 million contract extension with the Timberwolves that became the subject of controversy in the NBA. As a result, the rules on rookie contracts were changed and a cap was placed on player salaries but no effects were made until the new Collective Bargaining Agreement in 1999. Meanwhile, despite the uproar, Garnett continued to improve his stats. Nevertheless, the Timberwolves were still unable to get past the first round of the playoffs.
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After suffering 7 consecutive eliminations in the playoffs’ first round, Timberwolves finally ended the drought in the 2003/2004 season beating the Denver Nuggets to advance from the first round. The season was also one of Garnett’s best as he received his very first league Most Valuable Player award at the age of 27. It became his only one throughout his 21-year career. At this time, Garnett was earning $28 million yearly and became a free agent again. He then signed a 5-year, $100 million deal with the Timberwolves.
Unfortunately, Garnett’s career took a sharp downturn in the following season as the Timberwolves failed to make the playoffs for the first time in 8 years. In the third year of his contract, Garnett was traded to the Boston Celtics ahead of the 2007/2008 season. The trade was a 7-for-1 deal that became the largest number of players traded for a single player in the NBA history. The trade brought to an end his 12-year career with the Timberwolves which made him the first player in the NBA to stay that long with a single franchise. For these 12 years, Garnett had made $186.4 million with the Timberwolves.
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Kevin Garnett Net Worth: Boston Celtics Career And Earnings
Upon joining the Boston Celtics in 2007, the franchise signed him to a three-year, $51.3 million contract extension to begin after the expiration of the remaining 2 years on his Timberwolves contract. Garnett would go on to have his best career with the Celtics. Together with teammates Paul Pierce and Ray Allen, Garnett led the Celtics to the 2008 NBA Championship title. Garnett himself won the NBA Defensive Player of the Year award, making it the first time in history a Celtic player won the title.
The Celtics also reached the NBA finals in 2010 but were defeated by the Los Angeles Lakers. Garnett’s existing contract with the Celtics had ended in the 2011/2012 season and he nearly hung up his sneakers with career earnings of $278.9 million. However, the Celtics resigned him with a 3-year $36 million deal.
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Kevin Garnett Net Worth: Brooklyn Nets And Return to Timberwolves
Garnett, on the second year of his contract with the Celtics, was traded to the Brooklyn Nets. He played for a year and a half with the Nets before waiving his no-trade clause to make the return to his roots– Minnesota Timberwolves. He signed a two-year deal with the Timberwolves in 2015 but finally decided to hand his boots for good in 2016 after a decorated 21-year career with a total salary of $336 million.
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Kevin Garnett Net Worth: Endorsement Deals, Post-Retirement
While NBA salary was his biggest money-maker, Garnett also benefitted from a handful of endorsement deals. Beginning from 2012, Forbes estimated that Garnett was making $4 million annually for endorsement partners which included Chinese sportswear company Anta and Coconut water brand Zinco. In 2011, Garnett became a limited shareholder of Seria A’s AS Roma.
After retirement, Garnett joined former NBA stars Shaq and Charles Barkley on TNT postgame show “Inside the NBA”. He also began hosting his own segment Area 21 and became a consultant with the Los Angeles Lakers. All these are roles that would continue to see Garnet smile all the way to the bank and afford his wife Brandi and their two daughters the life of luxury.
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