Ja Morant is one of the most hyped rookies of the last few seasons, and for good reason. He’s explosive, quick, comes with a high basketball IQ, and can shoot the lights out. That’s why the Grizzlies locked him down with a long contract, and why his net worth is high relative to his age.
This article will look at Morant’s net worth from a variety of different angles. It will go over where his initial money came from, how he’s managed to grow it, and why he could be worth much, much more in the coming years.
Typically, NBA rookies aren’t on big contracts. They can sign a big deal here and there, but often they get a modest “try out” agreement that gives them incentives or provides the opportunity for a huge back-end deal depending on their play.
That was not the case with Morant. Knowing how good he was going to be coming into the league, the Grizzlies locked him down right away during his rookie year. They gave him a deal that will see him earning over $30 million through the 2022-2023 NBA season.
Of course, he doesn’t get all of that right away. That’s important to note when looking at his net worth. The way his deal is currently structured, he gets $9 million this season, then $12 million, then $15 million. So, while he might have a large net worth, it won’t come for a few years.
Looking at his contract alone, Morant is currently worth right around $9 million minus whatever gets taken out of his paycheck for taxes.
Considering personal expenses and taxes, it’s likely Morant has a net worth in the low to mid millions after his first two seasons in the league. However, he’s a high profile player. That means endorsements.
Morant currently has two endorsement deals. The first he signed with Nike before ever setting foot on an NBA court. The second is with the sports drink brand BodyArmor.
The specifics of the Nike deal are not disclosed, but it is known to be a multi-million, multiyear deal. Unfortunately, even a few years after he and the brand started to work together he still does not have a signature shoe.
The details of the Body Armor deal have not been released either. However, that’s also surely a huge payday for the young athlete that’s also easily going to net him more than a million dollars.
Current Net Worth
Right now, Morant is on an almost $40 million contract and has two lucrative and high profile endorsement deals. While there are a lot of unknowns regarding the specifics, it’s easy to estimate that his net worth sits somewhere in the low to mid millions.
While that might not be as much as max contract players or other superstars get, it’s a ton of money that will surely only grow every season. He’s been a huge part of the Grizzlies’ recent rise to success, which means he has an extremely high ceiling.
His net worth is relatively modest compared to the rest of the league, but if the first few years is any indication, Morant will only grow. If he can keep the Grizzlies in the playoffs, he’ll be due for a big deal soon.
Also Read: What’s Stephen Curry’s Net Worth
Despite a few fringe cases, NBA players don’t have gigantic net worths right away. It takes time to earn large contracts, and even the big endorsement deals don’t come right away. That is why, even with his success, Morant is on the lower end of the spectrum.
There’s no doubt that trend will change for the fun, young player, especially when his current contract fully pays out in 2023. In terms of net worth, his future is only looking up.