Net Worth Ranker
What Is DeShawn Stevenson’s Net Worth?
DeShawn Stevenson, a former American professional basketball player, has an estimated net worth of $10 million. This wealth was accumulated during his 13-year NBA career and potentially through subsequent ventures.
Early Life and Career Beginnings
Born on April 3, 1981, in Fresno, California, DeShawn Stevenson quickly garnered attention for his basketball skills while attending Washington Union High School in Easton, California. As a senior, he averaged 30.4 points, 9.7 rebounds, and 6.2 assists per game. Stevenson was named to the McDonald’s All-American team. Although he initially committed to the University of Kansas, with Jayhawks head coach Roy Williams calling him his “most gifted recruit ever”, Stevenson opted to enter the NBA directly from high school. In 2000, he was drafted by the Utah Jazz as the 23rd overall pick in the first round.
NBA Career and Earnings
Stevenson’s NBA career spanned from 2000 to 2013, during which he played for six different teams. Spotrac.com estimates his total career earnings at $27,897,988. A breakdown of his earnings by team and season provides a clearer picture of his financial growth over time:
- Utah Jazz (2000-2004): Approximately $4.29 million total
- Orlando Magic (2004-2006): Approximately $5.3 million total
- Washington Wizards (2006-2010): Approximately $9.1 million total
- 2006-07: $932,000
- 2007-08: $1 million
- 2008-09: $3.6 million
- 2009-10: $3.9 million
- Dallas Mavericks (2010-2011): $4.2 million
- New Jersey Nets (2011-2012): $2.5 million
- Atlanta Hawks (2012-2013): $2.2 million
His most lucrative season was with the Dallas Mavericks in 2010-2011, where he earned $4.15 million. During his time with the Washington Wizards, he signed a four-year deal worth $15 million on July 16, 2007.
Stevenson’s contracts also offer insight into his financial arrangements. For example, he signed a three-year, $6,721,350 contract with the Atlanta Hawks, which included $2,240,450 guaranteed, averaging an annual salary of $2,240,450.
Financial Challenges and Extravagant Purchases
Despite earning nearly $28 million during his NBA career, DeShawn Stevenson faced financial difficulties later in life. There were reports of extravagant spending, including a $3,500 ATM installed in his kitchen. This ATM reportedly held $20,000 and charged a $4.50 transaction fee. He mentioned his friends primarily used it before going out. Moreover, in 2016, it was reported that American Express was granted a $384,000 judgment against Stevenson for unpaid credit card debt. When American Express attempted to garnish his wages, they found only $62.09 in his Bank of America account. Stevenson has attributed his financial losses to lavish parties, vacations, and the burden of supporting family and friends who frequently sought financial assistance.
Real Estate and Other Assets
In 2005, Stevenson purchased a mansion in Windermere, Florida, for $1.4 million. However, he faced foreclosure on this property, and it was sold at a public auction in 2016 for $708,100. After the sale, he still owed the U.S. Bank over $500,000. The judge ordered DeShawn to pay the bank $1,061,250 on the principal owed, $126k in interest, $20k+ in attorney fees and other fees for a grand total of $1,252,573.98 which continued to grow with interest at the rate of 6.25%. Further, the ex-NBA star was to pay the full judgement amount to the bank by March 30th, or the home would be sold off at a public auction. The sale of his 2011 NBA Championship ring on June 3, 2023, fetched $73,253, potentially to alleviate some financial strain. He opened a basketball-themed barbershop named Playoffs Barber Shop.
Post-NBA Activities
Since retiring from the NBA, DeShawn Stevenson has engaged in various activities. In 2017, he joined Power, one of the eight BIG3 basketball league teams. More recently, Dr. DeShawn Stevenson serves as the Chief Executive Officer and Co-Founder of BabyFever, focusing on financial inclusion and health equity in the context of parenthood.
