In a huge deal on February 9, 2023, the Brooklyn Nets sent Kevin Durant to the Phoenix Suns. After his time with Brooklyn, the 34-year-old player is getting ready to make a strong playoff run with the Suns, along with Chris Paul and Devin Booker. He got a $164 million, four-year deal with the Nets in 2019, making him one of the five highest-paid players in the NBA. Sun’s star player also has a lot of marketing deals outside of basketball. Take a look at how much Kevin Durant is worth.
How much Durant is worth
From what Celebrity Net Worth knows, Kevin Durant is worth about $200 million. One of the best-paid basketball players in the league is Durant. Durant gets an annual salary of $42 million from the NBA. He also has many endorsement deals and investment opportunities that bring in tens of millions of dollars every year. Durant is said to have made $65 million through different business projects between June 2019 and June 2020. Durant also invests a lot of money in the tech world. He and Rich Kleiman started ThirtyFive Ventures, which has put money into more than 80 new businesses, including PostMates.
Cost of Durant’s Basketball
During his long NBA career, Kevin Durant has played for the Oklahoma City Thunder, the Golden State Warriors, the Brooklyn Nets, and the Phoenix Suns. During the 2015–16 Thunder season, Durant started making more than $20 million a year. Since the NBA raised its price cap a few years ago, Durant’s pay has gone through the roof. Kevin Durant is said to have made $44 million this season, which added to his net worth. Specialists say that Durant will be making $54 million a year by the 2025–26 season. That number is expected to go up even more when Durant’s current contract ends because he is still competing at a very high level.
Sign a deal with Nike
When Kevin Durant first joined the NBA, he signed with Nike. The first deal he made with the company was worth $60 million over seven years. Durant re-signed with Nike on a ten-year, $300 million deal after his MVP season in 2014. Kevin Durant has sixteen Nike brand shoes. After LeBron James, he is likely the second most well-known NBA player who is signed to Nike. Durant’s Nike deal gives him $26 million a year right now.
Durant’s deal with Nike also gives him $50 million when he retires. Many companies, like Nike, now give their star players lifetime contracts. This means that Durant could get even more money after his NBA career is over. No matter what, Durant’s present deal with Nike ends next year. Because they’ve been together for seventeen years and done well, he may quit his job with the company. But Durant’s shoe endorsement deal is going to get even bigger next year, no matter where he signs.
Investments Outside of Court
Kevin Durant has one of the most diverse sets of investments of any NBA player. Forbes says that the Phoenix Suns star has put money into more than 80 businesses through his company ThirtyFive Ventures. Durant and his agency and manager, Rich Kleinman, started ThirtyFive Ventures. Durant is said to have made $35 million in 2019 from businesses outside of basketball.
Durant has a small share in both Postmates and the Acorns investment app. Durant is also involved in a lot of sports-related projects, and he owns a piece of the Overtime app. At the same time, Durant bought a 5% share in the MLS team Philadelphia Union. OpenSea is a new company that joined ThirtyFive Ventures. Durant also supports SeatGeek’s plan to join with SPAC. Durant also runs the media company Boardroom and was a producer on “Two Distant Strangers,” the 2021 Oscar winner for best live-action short film.
Durant also gets over $40 million from companies, on top of the money he invests. Durant also got deals with Gatorade and other brands to be their ambassador. He also just signed marketing deals with Weedmaps, Coinbase, and NBA Top Shot. Durant’s media company also has deals to make shows with Fox, ESPN, Apple, and Showtime.
Homes for sale
Durant has sold and bought a lot of homes across the country while he was in the NBA. This is in addition to his basketball income, endorsements, and investments. Durant is said to own a number of homes in the Oklahoma City area because he used to play for the Thunder. Durant put his house in Oklahoma City’s high-class Club Villa neighborhood on the market for $1.95 million in 2013. He later lowered the price and sold the house for $1.1 million.
He bought a beach house in Malibu, California, for about $12 million in 2018. Durant sold the house for $12.15 million in June of the next year. The person who bought Durant’s Malibu home is Anthony Zuiker, who made the CSI TV series. Durant bought a home in Hidden Hills, California, for $15.6 million in July 2021. A lot of famous people have homes in the area, like Drake (who sold his home in 2022) John Stamos, Madonna, and the Kardashians.
Durant’s Future Money
It’s possible for Durant to make a lot more money over the next ten years. Durant is about to sign a new shoe deal and keep adding to his investments. His NBA salary will also be increased. The basketball superstar’s time in the NBA could end in ten years, but it looks like he will still be making a lot of money through investments and deals.