Scotty Pippen net worth
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What is Scotty Pippen’s net worth?
Scottie Pippen is a retired American professional basketball player with a net worth of US$20 million. Scotty played 17 seasons in the NBA. During that time, he only earned a salary of 109 million U.S. dollars. He earned tens of millions of dollars from endorsements.
Scotty Pippen played nine seasons with the Chicago Bulls. He played an important role in the Bulls winning 6 NBA championships and a record 72 victories in the 1995-96 season. He was selected to the NBA All-Star 7 times and won the MVP of the NBA All-Star Game in 1994. He was named one of the 50 greatest players in NBA history during the 1996-97 season and was one of four players to receive this honor. The jersey was retired by the Chicago Bulls. Pippen is the only NBA player to win the NBA championship and Olympic gold medal twice in the same year (1992, 1996).
Contract and salary
It is often said that Scotty Pippen is the lowest paid NBA player ever. This is a bit correct and a bit wrong. Before the start of the 1991 season, Scotty signed a seven-year, $18 million renewal contract. In other words, at the peak of the Bulls, when Michael Jordan’s annual salary was 30+00 million US dollars, Scotty’s annual salary was 2.6 million US dollars. He later revealed that he signed the contract to create a sense of security for his family. He grew up in poverty and was one of 12 children. Both his father and brother were in wheelchairs.
This contract will be the source of Pippen’s frustration. Later he felt that he had signed a bad contract and should be renewed. Interestingly, Scotty’s total NBA salary of $109 million was ultimately higher than Michael’s $94 million. Most of his career income is attributed to a five-year contract with the Houston Rockets before the 1998-1999 season, valued at $67.2 million. After returning to the Bulls in the last two seasons of his career, he made another $10 million.
endorsement
Scotty wore Avia sneakers in his first few NBA seasons, but like Mike, he eventually became a Nike man. He will continue to release several signature shoes with Nike, the most famous of which is the 1997 Pippen 1.
He also reached endorsement agreements with Ameritech Cellular TV, Frito-Lay, Visa, McDonald’s, Right Guard and Coca-Cola.
early life
Scotty Maurice Pippen was born on September 25, 1965 in Hamburg, Arkansas. He is the youngest of the 12 children of Ethel and Preston Pippen. Pippen’s mother is 6 feet tall and his father is 6 feet 1 inch tall. All their children are tall, but Scotty is the tallest. Scotty’s father worked in a paper mill until a stroke paralyzed his right side. He lost the ability to walk and his speech was affected. Scotty led the Hamburg High School basketball team to the state playoffs. He won all conference honors in his senior year. Pippen did not receive any university scholarships. He started playing for the University of Central Arkansas. As a freshman, Pippen was 6 feet 1 inch tall. He grew by leaps and bounds, eventually reaching a height of 6 feet 8 inches. During college, he averaged 23.6 points, 10 rebounds, 4.3 assists and almost 60% field goal percentage.
Pippen was selected by the Seattle SuperSonics in the first round of the 1987 NBA Draft. The Bulls are very interested in him, but their draft picks are not enough to get them. The team arranged a deal with Seattle to get Pippen.
Profession
Scotty Pippen made his NBA debut on November 7, 1987, when the Chicago Bulls played against the Philadelphia 76ers, which was their first game of the season. He ended the game with 10 points, 2 steals, 4 assists and 1 rebound in the 23 minutes of the game. The Bulls won their first game of the season 104-94. Pippen occupied the starting small forward position in the 1988 NBA playoffs, helping the Bulls led by Jordan reach the conference semifinals for the first time in more than a decade. In 1990, Pippen was selected as an NBA All-Star for the first time.
In the 1990-91 season, Pippen became the main defensive finisher and a huge scoring threat. He won his first triple-double when the Bulls played against the Los Angeles Clippers on November 23. He scored 13 points, 12 assists and 13 rebounds in 30 minutes, winning 105-97. Because of his efforts in the 1990-91 NBA season, Pippen was awarded the NBA’s best defensive second team honor. The Bulls defeated the Los Angeles Lakers in the 1991 NBA Finals. He helped the Bulls get their first three consecutive championships, and they won the next two years in 1992 and 1993.
Pippen played an important role in the Bulls’ second three consecutive championships, winning the NBA championship in 1996, 1997 and 1998.
In the NBA season shortened by the 1998-99 lockout, after 11 seasons with the Chicago Bulls, Pippen, the second historical leader in points, assists and steals in the Bulls history, was traded to the Houston Rockets in exchange for Roy Rogers. And the second-round pick of the 2000 NBA Draft. From 1998 to 2003, Pippen played for the Portland Trail Blazers. After the 2002-03 season, Pippen left Portland to join the Chicago Bulls. On July 20, 2003, Pippen signed a two-year, $10 million contract with the team. On October 5, 2004, Pippen announced his retirement.
In January 2008, 42-year-old Pippen briefly returned to professional basketball during a trip to Scandinavia, and played for the Finnish top league team ToPoat (ToPo) and the Swedish top league team Sunds Val played two games.
On July 15, 2010, Pippen returned to the Bulls as a team ambassador. In 2012, he was appointed as a senior advisor to Michael Reinsdorf, president and chief operating officer of the Bulls. Pippen is considered one of the most comprehensive and agile players, perhaps best known as one of the greatest defenders of all time. His strong professional ethics and athletic physique allow him to consistently play excellent games, such as using defensive strength, forcing turnovers, stealing the ball, and starting a single fast break and ending with a thunderous dunk.
(Photo by Daniel Bochaski/Getty Images)
Olympic “Dream Team”
In 1992, he was selected as the original dream team of the American men’s basketball team in the 1992 Barcelona Olympic Games. The US team won the gold medal, and Pippen and Michael Jordan became the first players to win both the NBA championship and the Olympic gold medal at the same time.
personal life
Pippen has been married twice: he married Karen McCollum in 1988. They gave birth to a son named Antron in 1987 and divorced in 1990. He married the real housewife of Miami star Larsa Yunan (aka Larsa Pippen) in 1997. They have four children, Scotty Jr. (2000), Preston (2002), Justin (2005) and Sofia (2008).
Pippen also has a daughter, Sierra Pippen (born in 1995), with his ex-fiancé Yvette De Leon and a daughter, Taylor Pippen (born in 1994), and his ex-girlfriend and model Sonya Roby. Taylor’s twin sister Taylor died nine days after she was born.
financial problem?
Over the years, Scotty allegedly encountered financial problems at various stages after retirement. Some media even claimed that Pippen went bankrupt just a few years after retiring from the NBA. According to our sources, these claims have been greatly exaggerated and even completely lie. This is not to say that Scotty did not encounter some financial obstacles.
The biggest speed bump came from a former financial adviser named Robert Lenn. In 2016, Pippen sued Lenn, claiming that the consultant strongly recommended by the Bulls wasted his $20 million in funds. Less than a year after contacting Lunn, Pippen learned that the consultant had taken his investment and committed bank fraud. Allegedly, Lunn donated more than 7 million US dollars to a friend with a rough history to invest in real estate. The real estate developer declared bankruptcy almost immediately and took the money away.
According to reports, Lenn also advised Pippen to spend US$4 million on a Gulfstream private jet. The results showed that the jet was not working properly and needed an additional $1 million in maintenance costs to make it airworthy.
In March 2016, Lunn was sentenced to three years in prison for multiple fraud charges, including forging Pippen’s signature in a $1.4 million loan that Lunn used to repay personal debts.
real estate
In 2004, Scottie and Larsa Pippen purchased a 10,000-square-foot house on 2.6 acres in Highland Park, a suburb of Chicago, for $2.225 million. Scottie put it on the market in 2016 for $3.1 million. Three years after listing, he lowered the price to US$1.899 million. The house was built in 2003 and has six bedrooms, five and a half bathrooms, a family cinema, a sauna, a game room, a brick wine cellar and a custom indoor basketball court with Pippen’s Chicago printed on it The picture of the Bulls jersey is on the ground.
Pippen previously owned a luxury house in South Florida, which was listed on the market for $16 million since 2010. The luxury house has been on the market for ten years. On one occasion, the house was rented out for $40,000 per month.
This Venetian-style mansion is located on Harbour Beach, one of the most unique neighborhoods of Fort Lauderdale. It can admire the canal that leads directly to the sea. The residence was built in 2003 and is equipped with a swimming pool, basketball court, gourmet kitchen, game room, media room and waterfront views.
Scottie finally sold the house for $10.54 million in September 2021.
