Being a multi-millionaire athlete before the age of 30 is becoming the norm for professional players. Large contracts are growing by leaps and bounds each year. What used to be considered outrageous is now being replaced by $30 and $40 plus million a year guarantees.
Hassan Whiteside is one individual who has benefited greatly from the salary boom of recent years. Whiteside is a professional basketball player for the Miami Heat. At just 29 years of age, Hassan Whiteside’s net worth currently sits at $30 million.
Whiteside is currently playing in his seventh NBA season, with the last five being with the Miami Heat. He is currently in year three of four on his contact and is earning a salary of $25 million for this NBA season. The contract he signed was valued at nearly $100 million for four years.
Although he was drafted in the second round of the 2010 NBA draft, it took some time and hard work before Hassan began cashing in large paychecks. It wasn’t until he emerged as a solid force at center during the 2014-2015 NBA season that he really proved his worth. A strong showing during that season led to a massive contract extension which has given rise to Hassan Whiteside’s net worth.
Arguably his best season to date came during the 2016-2017 NBA season. During that year, Whiteside averaged 17 points per game and over 14 rebounds per game. His 3.7 blocks per game helped get him added to the All Defensive 2nd Team that season.
Despite that great season, his numbers have dipped since then. Couple that with some issues with the organization, and it isn’t looking good for Whiteside going forward with the Heat after this contract.
For the 2019-2020 NBA season, Hassan has a player option on his contract that will pay him just north of $27 million for the season. It is expected that he does opt in as he will most likely not be paid anywhere near that if he elects to leave Miami and enter free agency.
If Hassan does decide to play the remainder of his contract out in Miami, we can estimate that Hassan Whiteside’s net worth will increase by at least $10 million. After that season, only time will tell if he’s able to ink another large deal. If he is somehow able to prove he is worth another large payday, then standby because it could be huge.
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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.