Net Worth Ranker
What Is Tim Hardaway Jr.’s Net Worth?
Tim Hardaway Jr., a prominent American professional basketball player, has amassed a substantial net worth estimated at $60 million. This financial success is primarily attributed to his lucrative career in the National Basketball Association (NBA), where he has played for several teams, including the New York Knicks, Atlanta Hawks, and Dallas Mavericks. In addition to his net worth, Hardaway Jr. commands a base salary of $18 million, further solidifying his position as a high-earning athlete.
Tim Hardaway Jr.’s Contract Details and Career Earnings
Hardaway Jr.’s financial trajectory has been significantly shaped by the contracts he has secured throughout his NBA career. In July 2013, he inked a four-year deal with the New York Knicks, valued at $6.1 million. This initial contract provided a foundation for his future earnings, demonstrating his potential as a valuable asset to the team. Later, in July 2017, Hardaway Jr. signed a more substantial four-year contract with the Knicks, amounting to $71 million. This deal marked a significant turning point in his career, elevating his annual earnings and solidifying his status as a sought-after player.
The $71 million contract with the Knicks proved to be particularly impactful, enabling Hardaway Jr. to earn nearly double the amount his father, NBA Hall of Famer Tim Hardaway, earned throughout his entire 14-season NBA career. This accomplishment highlights the remarkable financial growth experienced by NBA players in recent years, as well as Hardaway Jr.’s own exceptional talent and marketability.
In 2018, Hardaway Jr. was traded to the Dallas Mavericks, where he continued to command a significant salary. By that point, his base salary had reached $18 million per year, reflecting his established presence in the league and his contributions to the Mavericks’ performance. In November 2020, he exercised his $18.98 million player option with Dallas, demonstrating his commitment to the team and his confidence in his continued value.
Further solidifying his financial standing, Hardaway Jr. signed a four-year, $75 million deal with the Mavericks in August 2021. This contract extension underscores the team’s belief in his abilities and their desire to retain him as a key player in their roster. As of now, Tim Hardaway Jr. has earned more than $120.5 million in salary alone, showcasing the immense financial rewards that can be achieved through a successful NBA career.
Early Life and Background
Timothy Duane Hardaway Jr. was born on March 16, 1992, in Alameda, California. He is the son of Yolanda Hardaway and NBA All-Star Tim Hardaway. His father’s NBA career played a significant role in shaping Tim Jr.’s upbringing and his exposure to the world of professional basketball. At the time of his birth, his father was a member of the Golden State Warriors, providing young Tim with early access to the NBA environment.
Hardaway Jr. honed his basketball skills at the high school level, attending both Palmer High School and Palmetto High School. His talent and potential were recognized by scouting organizations, with Scout.com ranking him as the 36th-best shooting guard and ESPN ranking him as the 28th-best shooting guard in his class. These rankings underscored his promise as a future basketball star and paved the way for his collegiate career.
From 2000 to 2013, Hardaway Jr. showcased his skills at the University of Michigan. During his time there, he received numerous accolades, including being named to the All-Big Ten Freshman Team in 2011, the All-Big Ten Third Team in 2012, and the All-Big Ten First Team in 2013. These honors reflected his consistent performance and his contributions to the Wolverines’ basketball program. In 2011, Hardaway Jr. represented Team USA in the FIBA Under-19 World Championships, further demonstrating his international exposure and his ability to compete at a high level.
NBA Career Milestones
In the 2013 NBA Draft, Tim Hardaway Jr. was selected by the New York Knicks with the 24th overall pick. This marked the beginning of his professional career and provided him with an opportunity to showcase his skills on the NBA stage. During his first season with the Knicks, Hardaway Jr. was named to the NBA All-Rookie First Team, recognizing his exceptional performance among his fellow rookies. He was also selected to practice with the USA Basketball National Select Team in 2014, further solidifying his status as a rising star in the league.
Hardaway Jr. continued to play with the Knicks until 2015, when he was traded to the Atlanta Hawks in exchange for the draft rights to Jerian Grant. This trade marked a new chapter in his career, providing him with an opportunity to contribute to a different team and further develop his skills. During his time with the Hawks, Hardaway Jr. experienced periods of assignment to the D-League, playing for both the Canton Charge (the Cleveland Cavaliers’ affiliate) and the Austin Spurs (the San Antonio Spurs’ affiliate). He was eventually recalled by the Hawks in January 2016, demonstrating his resilience and determination to prove his value to the team.
After the 2016-2017 season, Hardaway Jr. received a qualifying offer from the Hawks, making him a restricted free agent. Subsequently, he received a four-year, $71 million offer sheet from the Knicks, presenting the Hawks with a decision to either match the offer or lose him to their former team. Ultimately, the Hawks declined to match the offer, and Tim was assigned to the New York Knicks in July, marking his return to the team that initially drafted him.
Hardaway Jr. played with the Knicks until 2019, when he was traded to the Dallas Mavericks along with Trey Burke, Courtney Lee, and Kristaps Porzingis for DeAndre Jordan, Wesley Matthews, Dennis Smith Jr., and two future first-round draft picks. This trade involved a significant exchange of players and assets, reflecting the Mavericks’ desire to bolster their roster and compete at a higher level.
In November 2020, Hardaway Jr. exercised his player option to remain with the Mavericks, demonstrating his commitment to the team and his belief in their potential for success. He also finished fifth in voting for the NBA Sixth Man of the Year Award, recognizing his contributions as a valuable player coming off the bench. During the 2022-2023 season, he made 212 three-point shots, making him the only Maverick with multiple 200+ three-point shot seasons.
Personal Life and Interests
Throughout the 2012-2013 season, Hardaway Jr. honored deceased friends and family members by memorializing them on his shoes. He paid tribute to deceased friends on his left shoe and deceased family members on his right shoe. This act of remembrance reflects his deep personal connections and his commitment to honoring those who have passed away.
Tim has a sister named Nia, with whom he shares a close bond. Further details regarding his personal life, such as his marital status, hobbies, and other interests, are not readily available in the provided information.
