Revealing Elly De La Cruz's Net Worth

By Oliver Wiener September 09, 2024 09:46

Photo by Aaron Doster / Associated Press

Known in Major League Baseball (MLB) for his powerful bat and defensive prowess, Elly De La Cruz has quickly become a rising star. Just a years ago, De La Cruz was one of many promising prospects on the Cincinnati Reds as he rose through their system to become a Major League sensation. Now that he has a lot going on in his prominent career, many are wondering how much does the young star earn from all his income sources? The article covers Elly De La Cruz's net worth, how much income he makes, and a review of his endorsements & future financial growth.

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Background Information

De La Cruz was born in the Dominican Republic, which has birthed some of baseball's prodigious talents. At an early age, it was clear that De La Cruz had a bright future ahead of him before signing with the Cincinnati Reds. Standing at 6-foot-5 and weighing in at 200 lbs. De La Cruz was a switch-hitter with power from both sides of the plate. Combine that with his speed, and you defensively have quite a talented prospect.

Net Worth Analysis

Components of Elly De La Cruz's net worth are his salary, endorsements, and financial investments. His 2024 salary with the Cincinnati Reds is $452,907. That number might seem low based on what some of the top-paid players in MLB are making, but it takes into account that he's just breaking into the big leagues and could see a year-over-year rise soon.

Nearly making as much in endorsements now as his salary, De La Cruz endeavored into marketing and representation. He has already appeared in a "Mission: Impossible" ad with other athletes Odell Beckham Jr. and Alex Morgan, indicating his marketability is rising fast. Before the upcoming deals, these endorsements will add much more value to his net worth.

Then there's the matter of De La Cruz being financially connected to the investment firm Big League Advantage (BLA), a key player in his offseason recruitment, which inked him to an upfront payment and slice of future big-league earnings.

Comparative Analysis

De La Cruz is currently being paid well below the amount veterans would earn, but there is much more room for him to grow. Another Dominican Republic infielder, Fernando Tatis Jr., signed a $340 million contract over 14 years with the San Diego Padres this year. De La Cruz isn't yet near Tatis Jr.'s level, but his trajectory suggests he could earn a huge payday in several years.

While some of the top young talents in other major sports have seen their net worth explode after putting together a breakout season, including hefty paydays on the field and off it, those factors drastically magnify one player's value compared with others.

Future Projections

His status as one of the league's best and attractive figure outside of the diamond put him in line to earn a substantial salary bump when engaged in his next round of contract negotiations. Moreover, the more he becomes a common figure in MLB circles, the better and larger his sponsorship opportunities will be.

In today's sports, which thrives on the marketability of athletes like never before, De La Cruz is a charismatic enough figure whom brands will naturally cling to. Should he keep performing like this and drawing fans to the gates, his salary is due for a fastball that mirrors what some of MLB's stars earn.

De La Cruz is in a place where his earning potential will likely skyrocket as he continues to grow his career on and off the field. It's the story of what true wealth in professional sports can look like, powered by on-field performance and success, marketability, and smart financial planning.