The NBA season is in full swing and some teams are looking better and worse than originally predicted. The Rockets and their losing record have many surprised, especially considering their dominance in recent years. On the other side, the Grizzlies who won just 22 games all season a year ago, already have 15 victories to their name this year.
A healthy Memphis Grizzlies squad has been the biggest difference. They now see a playoff push as a real thing and that led them to acquire Joakim Noah. Noah was let go earlier this year by the Knicks, and he has since singed a one year contract with Memphis. Joakim Noah’s net worth currently sits at $45 million.
Currently playing in his 13th professional season, Noah has earned quite a bit during his career. In fact, before the start of the 2018-2019 NBA season, Noah had earned more than $120 million in earnings.
A ninth overall pick in the 2007 NBA draft out of Florida, Noah’s first contract paid him a measly $4.4 million for his first two seasons. It wasn’t until before the start of the 2010-2011 season that Joakim Noah’s net worth really started to rise. Before the season he signed a five year $60 million rookie extension.
The most lucrative contract that Noah signed was during the summer of 2016. Chicago and Noah agreed on a four year deal worth $72 million. However that move came with some controversy. That following season, Noah was suspended for 20 games for violating the league’s drug policy. His 20 game suspension ended up costing the star over $3 million in earnings.
Noah’s best year statistically came in the 2013-2014 season where he set career highs in points and rebounds per game. More importantly that season was his stellar defensive play. In 2014, he won the NBA award for Defensive Player of the Year.
Joakim Noah’s net worth might be hitting a plateau. He’s making less than $2 million in salary for this season with the Grizzlies. Many believe that he is coming into the tail end of his career. His role in Memphis is that of a backup who is coming off the bench. While his efforts are surely appreciated, he clearly isn’t the player he once was.
With all things being equal, we can expect that Joakim Noah’s net worth won’t have any sort of meteoric rise in the future. Hopefully he can count on sound investing principles to carry his wealth forward.
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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.
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