In today’s age, professional athletes are signing contracts that keep getting bigger and bigger. In fact, contracts for players of the National Basketball Association are the largest of them all. Recent negotiations between the players’ union and the association has allowed contracts to reach an all time high. Andrew Wiggins is one of the players set to benefit from the recent contract negotiations. The first overall draft pick in 2014 by the Cleveland Cavaliers, Wiggins never played a game with the Cavs, but instead was traded to the Minnesota Timberwolves. Since arriving in Minnesota, Wiggins has proved why he was the number one overall pick. His first contract was four years for just shy of $25 million. Because of this initial contract, Andrew Wiggins net worth sits at $20 million.
Although he is just 22 years old, Wiggins net worth is much higher than almost anyone currently in their 20’s. Despite only having earned just $17 million through his first three seasons on the court, Andrew Wiggins net worth sits much higher due to his endorsement deal he signed as a rookie with apparel company Adidas. It was reported that Wiggins endorsement deal with the company pays him roughly $18 million a year. Couple that with his on court performance, and it is easy to see why they were willing to pay the young star so much.
Wiggins has recently made national headlines for his peculiar way of handling what could be the biggest basketball contract of his young career. He recently fired his agent, and he is reportedly not jumping at the opportunity to sign a max extension with the Timerwolves which is worth $148 million for five years. That contract would pay Wiggins nearly $30 million per season and would place him among the basketball elite. But is Andrew Wiggins worth this massive contract? The answer is an astounding YES. In just three years in the league, Wiggins is averaging over 20 points per game, and last season alone he averaged over 23 points in each contest. He is a solid free throw shooter at 76% and made adjustments to his game to reach a 36% success rate on three point tries.
It was evident that Wiggins was a special talent early on. In 2013 he was the Gatorade National Player of the Year and Mr. Basketball USA as a senior in high school. He ended up signing with the Kansas Jayhawks where he played just one season averaging over 17 points per game during the season. He eventually declared for the NBA draft where he was the first overall pick. His NBA career got off to a stellar start and he was named the NBA Rookie of the Year along with being apart of the NBA All-Rookie First Team.
Despite not being in any rush to sign his contract extension, Wiggins has expressed that he would like to remain with the Timberwolves in the future. Although only time will tell, Wiggins with or without an agent is expected to sign an extension of some kind which will pay the young star a great deal of money. Andrew Wiggins net worth will greatly increase over the coming years as he continues to earn money from not only his new expected extension but also his endorsement deal with Adidas.
Klay Thompson is a professional American basketball player for the Golden State Warriors. Thompson is recently coming off his second NBA championship with the Warriors. The 27 year old is a three time NBA All-Star and the 2016 NBA Three-Point Contest champion. Back in 2014, Thompson signed a massive deal with the Warriors worth nearly $70 million for four years. Because of this deal, Klay Thompson’s net worth currently sits at $14 Million.
Thompson was born in Los Angeles and attended Santa Margarita Catholic school for his high school years. He went on to play his college ball at Washington State University. Klay was a three-year starter for the Cougars and averaged over 21 points per game in his junior season before declaring for the NBA draft. He currently sits as the schools 3rd all-time leading scorer.
Klay Thompson’s net worth has increased dramatically over the past two years. He was drafted #11 overall in the 2011 NBA draft by the Golden State Warriors and has spent his whole NBA career with the team. His first contract he signed with the team was worth over $4 million for two seasons. Being a first round pick, Golden State had the option to keep Thompson on their team for the following two years and they did just that. Before the start of the 2014-2015 NBA season, Thompson and the Warriors agreed to a rookie extension that would be worth almost $70 million in guaranteed money. This massive contract has helped contribute to a great deal of his net worth.
Living in California does hurt Thompson in terms of his net worth accrual. He is subject to not only the federal but also the state of California’s highest tax brackets at 39.6% and 13.3% respectively. Even despite these high taxes he has to pay, Thompson has done a good job sealing up a number of endorsements to further grow his wealth. Klay’s shoe deal with Anta, a Chinese shoe brand, paid him around $3 million annually; however, he recently signed an extension with the shoe company and is expected to earn closer to $9 million annually through the deal. His shoe deal coupled with his chocolate milk endorsement among others, has allowed him to expand his brand beyond the basketball court.
On a personal note, Thompson has a younger and older brother, both who play professional sports. Klay’s father, Mychal Thompson, played in the NBA with a number of teams in the 1970’s and 80’s. Klay and his father are the fourth father-son duo to have earned NBA titles as players.
We can expect Klay’s net worth to continue to increase throughout his NBA career. With two years remaining on his current contract, he will make an average of over $18 million for the next two years. After he plays out his current contract, he should expect another hefty payday if he continues to play at the all-star caliber that he has been known to.
Marc Gasol is a professional basketball player for the Memphis Grizzlies. Gasol, 32, hails from Barcelona, Spain and is the younger brother of fellow NBA player Pau Gasol. Marc moved to the United States during his teenage years while his brother played for the Memphis Grizzlies. He was selected #48 overall in the 2007 NBA draft by the Los Angeles Lakers and was traded in a deal that included his brother Pau that sent him to Memphis where he has spent the entirety of his NBA career. Marc is finishing up his 9th full season in the NBA where he has proven himself as a legitimate force and an All Star caliber player. In the summer of 2015, Gasol signed a big contract that has paved the way to his high net worth.
Marc Gasol’s net worth currently sits at $40 million. In July of 2015, Gasol signed an extension with the Memphis Grizzlies that was worth $113 million for five years. After the conclusion of this season, Marc would have completed two out of the five years on his contract. His career began with his initial contract with the Grizzlies that was three years for just shy of $10 million. After averaging double-digit points per game in all of his first three seasons, he was awarded a contract extension for four years worth $57.5 million. To date, Marc Gasol’s on the court earnings in the NBA have totaled more than $100 million. These earnings along with a few endorsements have helped create Marc Gasol’s net worth. Back in 2015, when Memphis signed Gasol to his extension paying him more than $22 million a year on average, many thought the price was quite steep. However, Gasol has used his big pay day as motivation. Gasol was named an All Star for the 2017 season and has also posted a career high 19.5 points per game during the 2017 campaign. The remaining three years on his contract will pay him more than $72 million, all of which is guaranteed.
When he is not playing in the NBA, Marc is busy helping his home country of Spain win basketball games. He has played with the Spanish national team for many years. Additionally, he was a part of Spain’s 2008 and 2012 silver medals in Beijing and London.
Even with Marc Gasol’s net worth well into the tens of millions, he still finds time to give back to the community. Both he and his brother Pau founded the Gasol Foundation in 2013. The mission of the foundation is to help end childhood obesity. The non-profit currently serves many locations in the brothers home country of Spain along with the United States. Marc Gasol is married to his wife Cristina and between them they have a daughter. They spend most of their time in Memphis where the family has a house.