Scottie Pippen was actually able to get the big payday he longed for and absolutely deserved following his last season in Chicago. This came out to the tune of $62.7 million for five years — the deal the six-time NBA champ signed with the Houston Rockets shortly after becoming a free agent in the summer of 1998. With that being the case, it’s time to look at Scottie Pippen’s net worth, which Newsweek estimates to be anywhere between $30 to $50 million for the 54-year-old.
Scottie Pippen’s Net Worth
All in all, Pippen didn’t do too bad for himself. While it is nowhere near the range of the great Michael Jordan’s current net worth (the legend currently sits at $2.1 billion and there’s no point comparing apples to oranges, really), that’s still not bad for someone who is considered to be the greatest No. 2 player in the history of the NBA.
Pippen’s net worth was primarily generated by his earnings as a player, but he also received royalties from a number of endorsements before and after his career.
Salary & Contracts
Throughout his 17-year NBA career, the 6-foot-8 small forward signed a total of four separate contracts. The first one he penned was during his rookie year, which was at $5 million for six years. In his fourth year with Chicago, he renegotiated his deal, and ended up signing a more substantial seven-year deal worth $18 million.
This deal was the subject of major discussion in “The Last Dance” documentary, as it caused a great deal of internal strife between Pippen in Bulls management during the ’90s while he played a pivotal role on six championship teams. For perspective, Jordan made $33 million in the 1997-98 season while Pippen received just $2.8 million.
As mentioned earlier, Pippen did manage to more than triple his previous deal’s amount when he signed that $62.7 million deal with the Rockets in 1998. Finally, Pippen put pen to paper on one final two-year contract with Chicago (he ended up playing just 23 games in the first season and skipped the second year entirely) worth $10 million. According to Basketball Reference, that brings up Pippen’s total career earnings to $109 million, including contract incentives.
In terms of his endorsement deals, John Duffley of Fanbuzz detailed how Pippen signed lucrative deals with well-known commercial brands that included Frito-Lay, Visa, Ameritech Cellular TV, McDonald’s, Right Guard, Coca-Cola, and of course, Nike, where he even had his own signature sneaker line. The seven-time All-Star also made a number of appearances in TV shows and movies through the years.
Investments & Personal Life
However, in a 2012 Bleacher Report article, Pippen was named as one of the most financially irresponsible players in the history of the NBA.
Scottie Pippen blew away $120 million with irresponsible and lackluster financial decisions.
One of those decisions was purchasing a $4 million jet that didn’t even work. He had to pay another $1 million to repair it.
Pippen also made a series of other poor investment decisions that led to the downfall of his fat wallet.
Pippen also went through a highly-publicized divorce with ex-wife Larsa Pippen, and it is no secret that he had to dig deep into his pockets to iron that issue out.
All these factors combined is the reason why Pippen’s current net worth is actually lower than what he earned during his tenure in the NBA. He wasn’t able to grow his money, but at least he’s still doing pretty well at the moment.