Net Worth Ranker
What Is Tony Allen’s Net Worth
Tony Allen, a former American professional basketball player, has an estimated net worth of $10 million. He was born in Chicago, Illinois, in January 1982. Allen’s primary source of wealth was his NBA career, where he played for 14 seasons.
Early Life and Career Beginnings
Tony Allen was born on January 11, 1982, in Chicago, Illinois. He attended Crane High School in Chicago, where he excelled as a basketball player, showcasing his early potential. His college career began at Butler County Community College in El Dorado, Kansas, where he played as a freshman. He then transferred to Wabash Valley College in Mount Carmel, Illinois, for his sophomore year. Allen completed his college career at Oklahoma State University. In 2004, he earned the titles of Big 12 Conference Player of the Year and Big 12 Tournament MVP, marking significant milestones in his amateur career.
NBA Career and Earnings
Allen was drafted into the NBA by the Boston Celtics as the 25th overall pick in the 2004 NBA Draft. In July 2004, he signed a multi-year contract with the Celtics. His rookie season (2004-05) saw him average 6.4 points, 2.9 rebounds, and almost 1 steal per game across 77 games, starting in 34 of them. His starting salary was around $900,000. On July 19, 2008, Allen re-signed with the Boston Celtics for a two-year, $5 million contract, guaranteeing him $2.5 million each year.
In July 2010, Allen signed a three-year contract with the Memphis Grizzlies, reportedly worth $9.7 million. On July 15, 2013, Allen re-signed with the Grizzlies on a four-year contract worth $20 million. His annual NBA salaries provide detailed insight into his earnings over the years. For example, during the 2012-13 season with the Memphis Grizzlies, Allen earned $3.3 million. The preceding season (2011-12), he made $3.2 million, and in 2010-11, his salary was $3 million. Before joining the Grizzlies, his earnings with the Boston Celtics included $2.5 million in both the 2009-10 and 2008-09 seasons. His salary was $1.9 million in 2007-08, $1 million in 2006-07, and $969,700 in 2005-06.
Over his 14-year NBA career, Tony Allen accumulated significant earnings through his contracts. His estimated total earnings from his NBA career amounted to $40,941,056. LeBron James’ last contract with the Lakers was a staggering $104 million over two years, while Tony Allen’s first annual salary in the NBA hovered around $1 million. Over their careers, James amassed $490 million more in league earnings than Allen. Celebrity Net Worth estimates Tony Allen’s *net worth* to be around $10 million.
Career Highlights and Achievements
Tony Allen won an NBA championship with the Boston Celtics in 2008. He received multiple selections to the NBA All-Defensive Team, including being named to the First Team three times (2012, 2013, and 2015) and the Second Team three times (2011, 2016, and 2017). His defensive prowess earned him the nickname “Grindfather,” reflecting his relentless style of play.
Legal Issues
In 2005, Allen faced a charge of aggravated battery but was found not guilty. Later, in 2023, he pleaded guilty to conspiracy to commit health care fraud and wire fraud. Allen was among 18 former NBA players accused of submitting $5 million in fraudulent medical and dental claims from 2017 to 2020. He repaid most of the $420,000 he illegally obtained before being charged.
Post-NBA Activities
Since retiring from the NBA, Tony Allen has remained involved in basketball-related activities. Although specific details about his current ventures aren’t widely publicized, his legacy as a defensive specialist and his contributions to the game ensure continued engagement within the basketball community. Tony Allen is the Director of Graham Holdings Co and owns about 15 shares of Graham Holdings Co (GHC) stock worth over $13,932.
