In today’s age, professional athletes are signing contracts that keep getting bigger and bigger. In fact, contracts for players of the National Basketball Association are the largest of them all. Recent negotiations between the players’ union and the association has allowed contracts to reach an all time high. Andrew Wiggins is one of the players set to benefit from the recent contract negotiations. The first overall draft pick in 2014 by the Cleveland Cavaliers, Wiggins never played a game with the Cavs, but instead was traded to the Minnesota Timberwolves. Since arriving in Minnesota, Wiggins has proved why he was the number one overall pick. His first contract was four years for just shy of $25 million. Because of this initial contract, Andrew Wiggins net worth sits at $20 million.
Although he is just 22 years old, Wiggins net worth is much higher than almost anyone currently in their 20’s. Despite only having earned just $17 million through his first three seasons on the court, Andrew Wiggins net worth sits much higher due to his endorsement deal he signed as a rookie with apparel company Adidas. It was reported that Wiggins endorsement deal with the company pays him roughly $18 million a year. Couple that with his on court performance, and it is easy to see why they were willing to pay the young star so much.
Wiggins has recently made national headlines for his peculiar way of handling what could be the biggest basketball contract of his young career. He recently fired his agent, and he is reportedly not jumping at the opportunity to sign a max extension with the Timerwolves which is worth $148 million for five years. That contract would pay Wiggins nearly $30 million per season and would place him among the basketball elite. But is Andrew Wiggins worth this massive contract? The answer is an astounding YES. In just three years in the league, Wiggins is averaging over 20 points per game, and last season alone he averaged over 23 points in each contest. He is a solid free throw shooter at 76% and made adjustments to his game to reach a 36% success rate on three point tries.
It was evident that Wiggins was a special talent early on. In 2013 he was the Gatorade National Player of the Year and Mr. Basketball USA as a senior in high school. He ended up signing with the Kansas Jayhawks where he played just one season averaging over 17 points per game during the season. He eventually declared for the NBA draft where he was the first overall pick. His NBA career got off to a stellar start and he was named the NBA Rookie of the Year along with being apart of the NBA All-Rookie First Team.
Despite not being in any rush to sign his contract extension, Wiggins has expressed that he would like to remain with the Timberwolves in the future. Although only time will tell, Wiggins with or without an agent is expected to sign an extension of some kind which will pay the young star a great deal of money. Andrew Wiggins net worth will greatly increase over the coming years as he continues to earn money from not only his new expected extension but also his endorsement deal with Adidas.
James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.
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