What is PJ Washington's Net Worth?
What is PJ Washington's Net Worth?
By Fan Arch August 20, 2024 06:36
From being drafted in 2019 to growing as a player, P.J. Washington has become quite the household name within the NBA. His net worth in 2024 is estimated to be $10 million. In this article, we explore Washington's background, sources of income, and financial history to give a comprehensive picture of where he stands on the net worth spectrum.
Key Facts on PJ Washington
Early Life and Education
P.J. Washington was born in Louisville, KY on August 23, 1998. While in high school, he attended many schools, such as Prime Prep Academy and Findlay Prep, where he started his basketball career. Starring with Findlay Prep, Washington averaged 19.6 points, nine rebounds, and six assists a night to become renowned as one of the nation's elite McDonalds All-Americans. According to ESPN, he was a five-star prospect and the third-best player in his position nationally and put on an impressive performance throughout high school.
College Career
Washington signed up with the University of Kentucky and played for two years in college. In 39 games at Kentucky, he averaged 12.9 points and 6.6 rebounds per game, with 52% shooting from the field. In his last year at Kentucky, he was first-team all-SEC and third-team All-American. Washington announced for the 2019 NBA Draft after his sophomore year and was drafted by the Charlotte Hornets.
Professional Career
Washington inked a four-year rookie contract that will pay him approximately $18 million with the Hornets. In his rookie season, he got into the league and averaged 12.2 points per game with five points, four rebounds, and two assists pros in a year leader for the Heat's career at depressed top. That showing helped him earn All-Rookie Second Team. Washington has been trending up ever since and reached a new high with averages of 15.7 points for the 2022-23 season.
Then, in 2023, Washington signed a three-year $48 million contract extension with the Hornets that solidified his financial situation even more. In 2024, he is the starting power forward for the Dallas Mavericks, having been traded in a midseason deal.
Income History and Sources, Assets Detailed
NBA Contracts
The NBA contracts are Washington's main source of income. The versatile wing is in the final year of his three-year, $46.5 million deal that he signed with the Hornets and will make an even higher yearly salary of $15.5 on average due to this contract for Dallas, which will also keep him on through next season. That would also be a major part of his net worth in the upcoming season, given that he is estimated to collect $15.5 million for 2024-25.
Endorsements
Washington has also tapped into endorsement opportunities with well-known brands like Nike and Panini on top of his salary. He has a very profitable long-term shoe deal with Nike, although they have not specified to what extent that partnership is worth financially. This not only boosts income but also grows athlete visibility and marketability.
Investments
Washington has multiple income streams thanks to his investment in businesses. I'm a shareholder in SportsBLX, an investment platform that builds diversified stock portfolios around the bet you love to make on your favorite athletes. The unique angle, in part, allows fans to profit from the success of athletes, which underlines Washington's proactive planned moves for paying his bills down the line.
Comparison to Peers
When compared to other NBA players of his age and experience, Washington is holding his own in the net worth department. Other players with a similar length of tenure in the league have similarly thin economic reeds, often between $5-15 million. But Washington's distinct business and investment strategies could work to his advantage as he matures further into the league.
Potential Future and Projections
Continued Growth
As long as Washington stays on his current course, the odds are good that he will be even wealthier in short order. The fact that his role with the Mavericks will be on solid ground just before they begin winning again only helps, and as he gets more accolades from building such a great statistical resume from scratch, this young has to help him get lucrative endorsement deals. In the same breath, should he continue to churn out impressive results, Washington would find himself offering him more and longer service-extension contracts and higher-paying deals.
Whether it was his dominant career in college or now becoming an emerging young star in the NBA, Washington has been looked at as a worthwhile investment. With investments like plant-based companies, technology start-ups, and a growing fashion brand under his belt, alongside being one of the best basketball players on the planet, Washington is only going up in value.
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