Net Worth Ranker
What Is O.J. Mayo’s Net Worth?
O.J. Mayo, an American professional basketball player, has an estimated net worth of $5 million as of late 2024. This figure is primarily derived from his earnings as a professional basketball player, including NBA contracts and international playing contracts. His career earnings also include revenue from business ventures he has undertaken.
O.J. Mayo’s NBA Career and Earnings
O.J. Mayo entered the NBA as the third overall pick in the 2008 draft, selected by the Minnesota Timberwolves and subsequently traded to the Memphis Grizzlies. Throughout his NBA career, spanning from 2008 to 2016, he played for the Memphis Grizzlies, Dallas Mavericks, and Milwaukee Bucks. It’s estimated that Mayo earned around $45 million in salary alone during his NBA career. According to HoopsHype, his total earnings amount to $46,149,437 ($63,239,469*).
Here’s a breakdown of O.J. Mayo’s NBA earnings by team and season:
- Memphis Grizzlies (2008-2009): $3.9 Million
- Memphis Grizzlies (2009-2010): $4.2 Million
- Memphis Grizzlies (2010-2011): $4.5 Million
- Memphis Grizzlies (2011-2012): $4.5 Million
- Dallas Mavericks (2012-2013): $4 Million
- Milwaukee Bucks (2013-2014): $8 Million
- Milwaukee Bucks (2014-2015): $8 Million
- Milwaukee Bucks (2015-2016): $8 Million
Notably, in July 2013, Mayo signed a three-year contract with the Milwaukee Bucks worth $24 million. This contract underscored his value as a player at the time, averaging an $8 million annual salary. Despite the lucrative contract, his time with the Bucks was marred by injuries and inconsistencies. This contributed to a perception that he was underperforming relative to his salary, as he himself admitted to feeling like he “cheated them for two years,” acknowledging that “They paid me $8 million to be, in my eyes, a subpar player.”
Financial Issues and Controversies Surrounding O.J. Mayo
Despite substantial career earnings, O.J. Mayo has faced financial difficulties and controversies, impacting his overall net worth. In 2019, a five-bedroom mansion in River Hills, Wisconsin, purchased by Mayo in 2013 for $1.8 million, went into foreclosure. The two-story, 9,000-square-foot home, which featured a theater and private gym, was subject to a default judgment by U.S. Bank for $1,137,302.42, the unpaid balance on a $1.26 million loan. Mayo had reportedly stopped making payments on the residence in April 2018. The property assessment valued the five-acre lot at $430,000 and the improvements at $1,370,000, totaling $1,800,000.
Before the foreclosure, there were signs of financial strain. In October 2014, it was noted that Mayo’s salary was subject to garnishment due to a contractor’s lien of $2,043 for DLL Tile and Stone. Additionally, a $19,000 judgment was owed to a charter airline for an unpaid private jet trip between Houston and Los Angeles in July 2014. These financial issues, coupled with a two-year ban from the NBA in 2016 for violating the anti-drug policy, significantly affected his career and financial standing.
Further impacting his earnings, Mayo faced a 10-game suspension in January 2011 after testing positive for a performance-enhancing drug. This resulted in the forfeiture of $45,000 of his salary for that season. He was also fined $25,000 in January 2016 for aggressively pursuing a referee and failing to leave the court promptly following an ejection. These incidents, coupled with his dismissal from the NBA in 2016, have undoubtedly influenced his current net worth.
O.J. Mayo’s Career Beyond the NBA
Following his NBA career, O.J. Mayo continued to play professional basketball internationally, securing contracts that have contributed to his income, although likely on a smaller scale compared to his NBA earnings. In April 2018, Mayo signed with Atleticos de San German in Puerto Rico. Two months later, he was released from the league. Subsequently, in October 2018, he signed with the Dacin Tigers in Taiwan. He then signed with the Chinese Basketball League. In September 2021, Mayo signed a one-year contract with BC UNICS, a professional basketball team in Russia. The following year, he signed with the Zamalek Basketball Club of Egypt, playing for them until 2024. In May 2023, he signed with Saudi Arabian team Al Fateh SC for the remainder of the 2022-23 season.
While specific contract details for these international stints aren’t readily available, these engagements have provided Mayo with opportunities to continue earning income from his basketball skills.
