For most of his career, Scottie Pippen played in the shadow of Michael Jordan. The two Chicago Bulls legends formed one of the most lethal duos in NBA history, however, their star status was not fully reflected in Pippen’s salary.
Currently, the 55-year-old’s net worth is around $20 million, very low compared to the more than $100 million in income he amassed in salaries alone in his 17-year NBA career.
The main reason for this is that the former Bulls player fell into the hands of a bad financial advisor after he retired, which cost him around $20 million. The advisor was eventually sentenced to three years in prison for bank fraud, but Pippen never recovered his money.
Another reason for the former player’s devalued assets is the large sums he has had to pay for child support.
The six-time NBA champion has seven children with four women: the late Antron with Karen McCollum. With Larsa Pippen, he shares Scotty Jr., Preston, Justin, and Sophia. Sierra is the daughter of Yvette De Leon, and with Sonya Roby, he had Taylor. The latter had a twin sister, Sonya, who died when she was nine days old.
The most underrated player in history
Although all of these expenses have dented Scottie Pippen’s net worth, many consider him to also be one of the most underpaid players in NBA history.
Pippen was the fifth overall pick in the 1987 Draft by the Seattle SuperSonics, who traded him to the Chicago Bulls that same night. With this team, he signed a 4-yers, $2.83-million rookie contract.
By 1991, the former Bulls number 33 was able to negotiate a seven-year extension for $18 million. This meant a salary of $2.6 million a year, around the same time Jordan was pocketing more than $30 million per season.
In 1999, Pippen signed a five-year, $67.2 million agreement with the Houston Rockets. However, he only played one season with the Texas team, which paid him $11 million before transferring his contract to the Portland TrailBlazers, where he earned $66 million for four seasons.
“Pip” spent the last two years of his career back in Chicago on a $10 million contract. In total, Pippen’s $109 million in salaries surpassed the $94 million value of Jordan’s contracts at the end of his time on the court.
Who is the richest NBA player?
There is no controversy surrounding who is the richest NBA player in 2023: with a net worth of $3 billion, “Air Jordan” tops the list.
LeBron James occupies second place, with a net worth of $1 billion; the third is Magic Johnson, with a fortune of $630 million; in fourth position is Junior Bridgeman, with $620 million; and in fifth place is Shaquille O’Neal, with $450 million.