Derrick Coleman Net Worth
Derrick Coleman Net Worth and Salary: Derrick Coleman is a retired American professional basketball player who has a net worth of $2 million. Born in Mobile, Alabama in 1967, Derek Coleman is a 6-foot-10 power forward and center. From 1986 to 1990, he played college basketball at Syracuse University in upstate New York, where he was the 1990 Big East Player of the Year.
The New Jersey Jets selected Coleman with the first overall pick in the 1990 NBA draft. Coleman played for Jersey until 1995. He played four seasons with the Philadelphia 76ers, then with the Charlotte Hornets from 1999 to 2001, the 76ers again from 2001 to 2004, and the Detroit Pistons from 2004 to 2005. He won NBA Rookie of the Year honors in 1991 and became an NBA All-Star three years later. Coleman was named to the All-NBA Third Team twice. He finished his career with 12,884 points, 7,232 rebounds and 1,051 blocks. In November 2004, he participated in the Pacers-Pistons on-court brawl. Coleman played for the U.S. men’s national team, winning gold at the 1994 World Championships in Canada. After hanging up his jersey, Coleman, who lives in Franklin Lakes, N.J., has reportedly suffered some financial problems, including a reported sale of items in his home and bankruptcy. Coleman’s salary in the NBA was $91 million. In his bankruptcy filing, Coleman listed debts worth $4.7 million and assets of just $1 million. He reportedly invested millions of dollars in real estate projects around Detroit just a few years before the global economic collapse. He also holds stakes in a Detroit hotel, a doughnut shop and a pizza parlor. He earns $90,000 a year in retirement from the NBA, which is untouchable in bankruptcy.
