Step into the exciting world of basketball with Scottie Pippen, a legendary player. Ever wondered how rich this six-time NBA champion and basketball great is? Let’s dive into the story of Scottie Pippen’s money journey, going from the basketball court to incredible financial success.
How Much is Scottie Pippen’s Net Worth?
Scottie Pippen’s net worth is estimated to be around $20 million. Scottie Pippen’s net worth is not as high as one would expect. Scottie Pippen’s net worth was also impacted by his contract extension with the Chicago Bulls following the 1990-1991 season.
For nine of his seasons, Scottie Pippen was a member of the Chicago Bulls. He played a key role in the Bulls’ six NBA championship victories and their franchise-high 72-win season in 1995–96. In addition to being the MVP of the NBA All-Star Game in 1994, he was a seven-time All-Star.
He is one of four players whose jerseys have been retired by the Chicago Bulls. He was selected as one of the 50 Greatest Players in NBA History during the 1996–97 season. The first NBA player to win both an NBA championship and an Olympic gold medal in the same year twice is Steve Pippen.
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How Many Contracts Did Scottie Pippen Sign in His Career?
Many people claim that Scottie Pippen was the NBA player who received the lowest salary ever. Scottie agreed to a seven-year, $18 million contract extension before the 1991 campaign. Scottie was making $2.6 million a year during the height of the Bulls when Michael Jordan was making over $30 million.
It’s interesting to note that Michael’s $94 million NBA contract was ultimately less than Scottie’s $109 million. Before the 1998–1999 season, he signed a five-year, $67.2 million contract with the Houston Rockets which provided him with the majority of his career earnings. In his final two seasons as a player, he returned to the Bulls and earned an additional $10 million.
How Much Salary Did Scottie Pippen Earn in His Life?
In the NBA, Scottie Pippen competed from 1987–1988 until 2003–2004. He played for the Chicago Bulls for the most of his Hall of Fame career before making stops in Houston and Portland. In his final season before retiring, “Pip” made a heartfelt trip back to Chicago.
Pippen earned $109.9 million in pay as he concluded his professional basketball career. He is supposedly valued $20 million in 2023. Below we provided a tweet related to his earnings.
Scottie Pippen actually made more money ON THE COURT in his career than Michael Jordan (but he also played more seasons than MJ).
Pippen’s career earning: $109,192,430
Jordan’s career earning: $93,285,000#TheLastDance pic.twitter.com/jvoR2cIq9f
— Paul Guarino (@PCG7) April 20, 2020
Over the years, a few observers have claimed that Scottie Pippen was never a wise businessman. Despite spending only $32.6 million, he played for the Chicago Bulls for 13 seasons. Chicago had him on the books for $19.5 million from 1991 until 1997.
He made an average of $2.7 million a year over that time. Years later, Pippen discussed the thinking behind the absurd contract he agreed to join the Bulls. “Pip” wished to protect others near him because he was from a low-income background.
Pippen was only persuaded to sign the deal since his brother and father were both wheelchair-bound. Luckily, his professional earnings were somewhat offset by a year spent in Houston and four years spent in Portland.
While the Blazers improved his financial situation with $66 million over four years, the Rockets gave him $11 million for a single season.
Technically speaking, Scottie Pippen signed every contract of his career with the Chicago #Bulls. His 5 year $67M extension in 1999 was a sign-&-trade to the #Rockets.
Cash Earned Per Team#Blazers: $66.3M#Bulls: $32.6M#Rockets: $11Mhttps://t.co/Wdo4xpXg3b
— Spotrac (@spotrac) April 20, 2020
At the end of his career, the Chicago Bulls made amends by signing “Pip” to a $10 million, two-year contract. The longtime teammate of Michael Jordan only participated in one season before being waived per agreement.
Which are Scottie Pippen’s Endorsements?
In his early NBA seasons, Scottie wore Avia sneakers, but like Mike, he soon switched to Nike footwear. His subsequent releases with Nike were the Pippen 1, which was introduced in 1997. In addition, he held endorsement agreements with Coca-Cola, McDonald’s, Right Guard, Frito-Lay, Visa and Ameritech Cellular TV.
Which Financial Issues Did Scottie Pippen Face in His Life?
The six-time NBA champion allegedly had significant financial losses after his retirement as a result of poor investments. A large portion of his income was also used for child support. Pippen filed a lawsuit against Lunn in 2016, alleging that the highly regarded advisor who was recommended by the Bulls spent $20 million of his money.
After working with Lunn for less than a year, Pippen discovered that the advisor had stolen his money and committed bank fraud. Lunn allegedly lent a person with a dubious background about $7 million to invest in real estate. Almost immediately, the real estate developer filed for bankruptcy and took the money with him.
Lunn also suggested that Pippen spend $4 million on a private Gulfstream aircraft. It turned out that the jet was non-operational and required an additional $1 million in repairs before it could be used again. Lunn was given a three-year jail sentence in March 2016 for many fraud offenses including faking Pippen’s signature on a $1.4 million loan that Lunn utilized to settle personal debts.
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