Scottie Pippen’s Net Worth
Scottie Pippen is a former American basketball player and member of the stellar team that the Chicago Bulls had in the 90s. In 1994 he was the NBA All-Star Game MVP and also a seven-time NBA All-Star. During the 1996-1997 season, Scottie was named one of the fifty Greatest Players in NBA History. Moreover, he is the only NBA player who has won an Olympic gold medal and NBA title in the same year twice (1992 and 1996).
What is Scottie Pippen’s net worth?
At the time this article is written, Scottie Pippen, who played 17 seasons in the NBA, has a net worth of $20 million. During his basketball career, Scottie earned $109 million only in salary. He also earned tens of millions from various endorsements.
Endorsements
In his first few NBA seasons, Scottie Pippen wore Avia sneakers but, just like Michael Jordan, eventually started to wear Nike. During his career, Scottie released many signature shoes with Nike, and the most famous is Pippen 1 from 1997.
You might also like our articles on the net worth of Magic Johnson, Steph Curry, or LeBron James.
Also, Scottie Pippen had endorsement deals with Coca-Cola, Ameritech Cellular TV, Right Guard, Frito-Lay, McDonald’s, and Visa.
Salary and contracts
People are saying that Scottie Pippen is the most underpaid NBA player in the history of sports. For instance, before the 1991 season, Scottie Pippen signed an $18 million contract extension for seven years. In that period the Bulls were at their peak and Michael Jordan was earning a salary of more than $30 million per year, while Pippen was earning only $2.6 million per year. He accepted such a small salary just to make sure that his family is safe as he grew up in a poor family, with 12 children and a sick father.
Even though Pippen was frustrated that he was paid so low, he ended up earning $109 million in total NBA salary, which is more than Michaels Jordan’s $94 million. Most of his career earnings are from a five-year contract of $67.2 million signed before the 1998-1999 season, with the Huston Rockets. After returning to the Bulls for his final two career seasons, Scottie Pippen earned another $10 million.
Childhood and teenage years
Scottie Pippen, by his real name, Scotty Maurice Pippen was born in Hamburg, Arkansas on September 25, 1965. His parents are Preston and Ethel Pippen and he has eleven older siblings. Both his parents and siblings were tall, but Scottie was the tallest. Scottie’s father worked in a paper mill until he suffered a stroke and ended up paralyzed on his right side. Due to this unfortunate event, his abilities to talk and walk were affected.
Scottie Pippen attended the courses of Hamburg High School and led the basketball team to the state playoffs. Also, in his senior year, he was awarded all-conference honors. However, he didn’t get any scholarships to college.
When he started to play for the University of Central Arkansas, he was 6 feet and 1 inch tall but grew to 6 feet and 8 inches. In college, Scottie had almost 60 percent field goal shooting and per game average of 4.3 assists, 10 rebounds, and 23.6 points.
In 1987 Scottie was selected by the Seattle Supersonics for the first round of the NBA Draft.
Career
On November 7, 1987, Scottie Pippen made his NBA debut, when the Chicago Bulls faced Philadelphia. In only 23 minutes of play, he finished the game with 1 rebound, 4 assists, 10 points, and 2 steals. The season-opening game was won by the Bulls 104-94.
In 1990 Scottie Pippen was for the first time an NBA All-Star selection. Scottie emerged as a huge scoring threat and the main defensive stopper during the 1990-1991 season. On November 23, he had his first triple-double when the Bulls faced the Los Angeles Clippers as in 30 minutes he had 13 rebounds, 12 assists, and 13 points, in a 105-97 win. Scottie Pippen was awarded NBA All-Defensive Second Team honors for his work in the 1990-1991 NBA season.
Scottie Pippen won the NBA championships in 1996, 1997, and 1998 as the instrumental in the Bulls’ second three-peat.
Scottie Pippen was traded to the Houston Rockets in exchange for Roy Rogers and a second-round pick in the 2000 NBA draft in the 1998–1999 lockout-shortened NBA season. He has played for the Chicago Bulls for 11 seasons.
Between 1998 and 2003 Scottie Pippen played for the Portland Trailblazers.
In 2003 Pippen signed a 2-year contract with the Chicago Bulls for $10 million.
Scottie Pippen announced his retirement on October 5, 2004.
He made a brief comeback to professional basketball in January 2008. He played for the top Swedish league team Sundsvall and the top Finnish league team Torpan Pojat.
On July 15, 2010, Scottie Pippen returned to the Bulls as a team ambassador. He was named the COO, the Bulls’ president and senior adviser to Michael Reinsdorf in 2012.
Olympic “Dream Team”
Scottie Pippen was named to the original Dream Team for the United States men’s Olympic basketball team that competed in the 1992 Olympics in Barcelona, Spain. That year, in 1992, the United States won the gold medal and both Michael Jordan and Scottie Pippen became the first players to win an Olympic gold medal and NBA championship in the same year.
Real estate
In 2004, Scottie Pippen and his wife paid $2.225 million for a house in the lakefront Chicago suburb of Highland Park. In 2016 they put the house on sale for $3.1 million and after three years on the market, they lowered the price to $1.899 million.
Before that, Pippen owned a house in South Florida that starting in 2010, when it was listed for $16 million, was on and off the market for a decade. Finally, he sold the house for $10.54 million in September 2021.
Financial problems?
The NBA is a Bermuda Triangle for some of its players. Accustomed to making a fortune relatively quickly from salaries, but also from lucrative advertising contracts, basketball players have no problem wasting them. Some do unprofitable business and are bad-advised, others simply spend left and right until their cards become useless.
Scottie Pippen seemed like a serious guy. He was Michael Jordan’s right-hand man at the Chicago Bulls. He was a smart player. As an investor, however, he did not shine. For example, he paid $4 million on a luxury jet that never got off the ground. Basically, Pippen blew the money. Unpromising investments, crazy expenses plus a lot of advisers who did nothing but cut his fortune also helped him lose most of his savings.
Personal life
In 1988 Scottie Pippen married Karen McCollum, with whom he has a son, Antron, born in 1987. However, in 1990 they divorced.
Also, he has another two daughters, Taylor Pippen, born in 1994, with former Sonya Rob, and Sierra Pippen, born in 1995, with his former fiancée Yvette De Leon.
In 1997 he married Larsa Pippen, the Real Housewives of Miami star Larsa Younan. They have four children together, Scotty Jr. born in 2000, Preston born in 2002, Justin born in 2005, and Sophia born in 2008. In December 2021, the couple divorced after more than 20 years of marriage.
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