What is Lonzo Ball's Net Worth in 2024?
What is Lonzo Ball's Net Worth in 2024?
By Edcel Panganiban May 14, 2024 06:04
Lonzo Ball, a prominent figure in the NBA, has garnered significant attention not only for his basketball prowess but also for his financial standing.
As of 2024, Lonzo Ball's net worth is estimated to be approximately $40 million, making him one of the well-off athletes in the league.
Early Career and Major Contracts
Lonzo Ball, born on October 27, 1997, entered the NBA as the second overall pick in the 2017 draft, selected by the Los Angeles Lakers.
Throughout his career, he has played for the Los Angeles Lakers, New Orleans Pelicans, and currently represents the Chicago Bulls as a point guard.
His journey in the NBA has been marked by notable achievements, including being named to the NBA All-Rookie Second Team in his debut season.
In 2021, Lonzo Ball signed an $80 million deal with the New Orleans Pelicans, subsequently joining the Chicago Bulls as part of a sign-and-trade deal.
This contract, valued at $80 million over four years, included a $20 million base salary and $80 million in guaranteed funds.
Earnings and Investments
Lonzo Ball's annual earnings from his NBA career are substantial. For instance, during the 2023-24 season, he earned $20,465,117 while playing for the Chicago Bulls.
Ball has diversified his investments, including real estate ventures in California. In 2017, he invested $5.2 million in a home in Chino Hills, California, and later acquired a newly renovated property in Sherman Oaks for $7.3 million in April 2022.
Player Option and Contract Implications
In May 2024, Lonzo Ball exercised a $21.40 million player option with the Chicago Bulls for the 2024-25 season. But concerns have been raised regarding his ability to play due to a left knee that has undergone three surgeries in two years, potentially impacting the team's plans for the upcoming season.
The decision to exercise the player option has implications not only for Ball's career but also for the financial dynamics of the Chicago Bulls, as it could affect their salary cap and luxury tax.
Endorsements and Additional Sources of Wealth
Aside from his NBA salary, Lonzo Ball has reaped financial rewards from endorsements with notable brands such as Big Baller Brand, Marvel, Footlocker, and C4 Energy. These endorsements have contributed to his overall net worth and financial stability.
In summary, Lonzo Ball's financial standing is a product of his NBA earnings, endorsements, and strategic investments, making him one of the well-off athletes in the league.
But his career decisions and the implications of his player option exercise have introduced elements of uncertainty that could shape his financial trajectory in the coming years.
Overall, Lonzo Ball's net worth in 2024 reflects a combination of his on-court success, off-court endorsements, and savvy investment decisions, positioning him as a financially secure and influential figure in the world of professional basketball.
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