Since 2008, the Chicago Bulls point guard, legend and recent retiree Derrick Rose has been making a name for himself in the NBA. The Englewood native was drafted as a first overall pick by his hometown team and named MVP in the 2010-2011 season. That same year, he began to suffer knee injuries. In 2012, he tore his ACL, which required surgery and recovery for an entire season.
“The Windy City Assassin” would go on to play with the Bulls until 2016, then entering into eight consecutive trades that would eventually result in him spending the last season of his career with the Memphis Grizzlies. Despite the impact of his health outcomes on his career, Rose is still considered a great within the NBA world and has attained a significant amount of wealth. Here’s what we know about Derrick Rose’s net worth.
Derrick Rose’s Net Worth Began With A $22.5 Million Four-Year Rookie Contract
Upon entering the league, in 2008, the Simeon Career Academy and University of Memphis alumni secured a four-year rookie contract worth $22.5 million and signed a shoe deal with Adidas for $1 million annually. He was named MVP in the 2010-2011 NBA Season before landing a lone cover for 2K Sports. A five year-extension with the Chicago Bulls for $94.3 million and a contract extension with Adidas for $185 million, over 14 years, would precede his next game cover.
His second game cover would this time be alongside Kevin Durant and Blake Griffin for NBA 2K13. Despite a series of minimum contracts following his departure from the Chicago Bulls, Derrick Rose gained a total of $167.73 million over the course of his career. Let’s get into other areas of his business profile that contributed to Derrick Rose net worth.
The NBA Player’s Endorsement Deals Also Contributed $13 Million To His Net Worth
The Chicago-based Giordano’s Pizzeria is part-owned by the Chicago Bulls legend. He also signed with Wilson Sporting Goods, Skullcandy headphones, Powerade and Nissan throughout his time in the league. Lastly, his investment into Wesley Eden’s FlyQuest helped the company secure funding to continue developing the brand.
Eden, who is also co-owner of the Milwaukee Bucks and Fortress Investment Group LLC, reported that Rose’s investment helped the company perform at a high level. Despite Rose’s injuries, and a gang rape accusation that he was later declared not liable, his partnerships with his endorsers never waivered. However, retiring did impact his Adidas deal, cutting it short by two years. Altogether, Rose’s endorsements earned him close to $13 million.
Derrick Rose Retires From the NBA, Securing A Solid Net Worth and Successful Career
The explosive point guard’s home, located in a suburban neighborhood outside of Chicago, and several luxury cars also contribute to the baller’s net worth. According to the ball player, saving money was a priority and if he “was to stop playing basketball now, I’d be alright.”
In addition to responsible money management, Rose’s philanthropic efforts included launching The Rose Scholars program, which provided underserved, high-performing students seeking higher education with scholarships, helping them attend any college or university in America. (This program is no longer active.) He also supported the Chicago-based nonprofit After School Matters and the Jalen Rose Leadership Academy, two more organizations targeting disadvantaged youth by providing them with educational opportunities.
With a history of playing explosive basketball, Rose gave Chicagoans another player to admire and celebrate. In and out of the Windy City, he will go down in history as one of the basketball and philanthropic greats of his time.
