Net Worth Ranker
What Is Craig Hodges’ Net Worth?
Craig Hodges, a former American professional basketball player and coach, has accumulated a net worth of approximately $1 million. This figure reflects his earnings from a career spanning over a decade in the NBA, endorsements, and subsequent coaching roles. While specific details regarding the breakdown of his assets aren’t publicly available, his primary source of wealth stems from his basketball career.
Early Life and Career Beginnings
Born in Park Forest, Illinois, in June 1960, Craig Hodges honed his basketball skills at Rich East High School before making his mark at Long Beach State University. Details on his upbringing and specific earnings during his early playing days are scarce in public records. However, his performance in college led to him being drafted into the NBA, marking the start of his professional career.
NBA Career and Earnings
Hodges entered the NBA as the 48th overall pick in the 1982 NBA Draft, selected by the San Diego Clippers. His initial contract details with the Clippers aren’t publicly accessible, making it difficult to ascertain his exact earnings during his time with the team from 1982 to 1984. He then moved to the Milwaukee Bucks, where he played from 1984 to 1988. Specific contract values and salary information from this period are not readily available in public records.
His career continued with a stint at the Phoenix Suns in 1988 before he joined the Chicago Bulls, where he achieved considerable success from 1988 to 1992. During his time with the Bulls, Hodges secured two NBA championships (1991 and 1992) and won the NBA Three-Point Contest three times consecutively (1990, 1991, and 1992). While the exact salary figures for NBA players during this era are not as transparent as today, it is reasonable to assume that Hodges earned a substantial income, particularly during the Bulls’ championship years. Although precise numbers are difficult to obtain, estimates place his earnings during this peak period in the hundreds of thousands of dollars annually, contributing significantly to his current net worth.
After his time with the Bulls, Hodges played overseas, securing the Turkish Cup championship in 1995. Information about his salary and earnings from his international playing career is limited.
Post-Playing Career and Coaching Roles
Following his playing career, Hodges transitioned into coaching. He coached Chicago State University from 1994 to 1996. Details regarding his compensation during his tenure at Chicago State are not publicly available. He later served as an assistant coach for the Los Angeles Lakers from 2005 to 2011. Assistant coaching salaries in the NBA vary depending on experience and team budget. While specifics of Hodges’ Lakers contract are not public knowledge, NBA assistant coaches can earn anywhere from $100,000 to upwards of $1 million per year. Assuming a mid-range salary during his time with the Lakers, this would have contributed moderately to his overall wealth.
Lawsuit Against the NBA
In 1996, Craig Hodges filed a $40 million lawsuit against the NBA, alleging that he was blackballed due to his political views and activism. The lawsuit was ultimately unsuccessful, and Hodges did not receive any monetary compensation as a result. This legal battle would have likely incurred legal fees and other associated expenses, potentially impacting his finances.
Potential Endorsements and Investments
While detailed information on specific endorsements and investment ventures is not publicly accessible, it’s possible that Hodges secured endorsement deals throughout his NBA career, particularly during his time with the Chicago Bulls when he was a highly visible player. NBA players often receive endorsements from athletic apparel companies, shoe brands, and other consumer products. However, without specific details, it is difficult to quantify the contribution of endorsements to his net worth. He may have also engaged in personal investments, but details remain private.
Real Estate and Assets
Information regarding Craig Hodges’ real estate holdings and other assets is not readily available in the public domain. Details such as the location and value of any properties he owns or has owned remain private. Similarly, specifics about any vehicles he may possess are not known publicly.
Net Worth Summary
In summary, Craig Hodges’ $1 million net worth is primarily the result of his earnings from his NBA playing career, supplemented by his coaching roles and potential endorsements. While specifics regarding his contracts, investment returns, and other assets are not publicly available, the provided estimate offers a reasonable assessment of his financial standing as of the current date. His success on the court, particularly his championship years with the Chicago Bulls, played a significant role in building his current financial status. Precise figures for each stage of his career, however, remain largely undisclosed.
