Tyrese Maxey's Net Worth: A Look at the Rising NBA Star's Earnings and Investments

Tyrese Maxey's Net Worth: A Look at the Rising NBA St...

By Jason Bolton August 16, 2024 22:52

Photo by Getty Images

Tyrese Maxey has quickly proven himself one of the more promising young talents in the NBA. His on-court success as the starting point guard for the Philadelphia 76ers has not just turned heads but also helped financially. In this article, we discuss Maxey's estimated total assets from his current NBA salary and his endorsement deals and investments.

Current Net Worth

In 2024, Tyrese Maxey's estimated net worth is $6 million. This number also includes his revenue from the NBA contract, branding tasks, and various undertakings. This number will likely increase quite drastically in the next few years, especially given how quickly he has ascended through the league.

NBA Salary Breakdown

Rookie Contract

The shorthanded guard signed a four-year rookie scale contract worth in the neighborhood of $12.15 million. Maxey made around $2.48 million in his first NBA season, which soon became a milestone for him to earn even more cash again.

Salary Progression

As Maxey looks forward, he recently accepted a 5-year $204 million contract extension from Philadelphia that will start in the summer of 2024. It makes him the highest-paid player in the league, as his projected earnings for 2024-25 are now $35 million.

Endorsement Deals

New Balance: Maxey agreed to a multi-year shoe deal with New Balance starting in 2023, and he will be one of several notable basketball signees alongside Kawhi Leonard and Zach LaVine.

Tissot Watches: Tissot, a luxury timepiece company, has teamed up with Maxey to increase their exposure as well.

LG and Starry: These partnerships add new revenue streams to his repertoire by demonstrating his marketability off the basketball court.

While these endorsement deals are lucrative, they also boost Maxey's brand value as an ambassador, which could provide further opportunities.

Business Investments

Real Estate

As Maxey has been making more money, he said, he is taking meetings on potential investment opportunities, especially in real estate. Details of his property investments have not been publicly revealed, but a common way athletes ensure their financial security is through investing in real estate properties. Buying real estate, such as an income property or a home you can rent out to people, is also smart.

Financial Management

Chances are, Maxey takes advice from professional advisors, agents, and financial planners. Maxey will be represented by Rich Paul of Klutch Sports Management, the super agent who also represents several top-tier NBA players and should play an essential role in protecting Maxey's financial interests as his career takes shape.

Future Earnings Potential

He is definitely due to receive some big money in the future, with a recent contract extension giving him quite the salary for years to come. As he gets better and becomes more of a household name, his marketability will likely continue to expand, with him opening some doors where there were previously dead ends.

Now worth $6M with huge contract earnings coming, Maxey appears to be on the path to securing his bag. With endorsement deals and investment opportunities, he would also have potential earning capability off the field like a businessman on top of his excellent player status.

Maxey will only further his game and brand as time passes, so it should be fun to watch. It is a great, inspiring story for young athletes to excel in sports and make good decisions with money once they reach the next level, which would allow planning three-plus years after their careers have ended.

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