Facts of Kyrie Irving
How Rich Is NBA Player Kyrie Irving, His Net Worth?
Kyrie Irving, an American professional basketballer is the 6-times NBA All-Star, who most recently played for Boston Celtics (2018 Season) of NBA. Professional since 2011, the point guard was the first overall pick in the 2011 NBA draft by Cleveland Cavaliers and has displayed impressive gameplay, alluring lucrative contracts, and massive salary.
Currently, the NBA star has an estimated net worth of $50 million inclusive of million dollars mansion and luxurious car collection.
Named as the NBA All-Star Game Most Valuable Player (MVP) in 2014, Irving has also played for United States National Team and won 2014 FIBA Basketball World Cup and the 2016 Summer Olympics.
He Owns a Net Worth of $50 Million: Income Sources & Earnings
The Duke University alumni, Kyrie made his professional career debut as the 2011 NBA Draft by Cleveland Cavaliers and claimed 2012 NBA Rookie of the Year Award. After playing for Cavaliers from 2011 to 2017, Irving later was traded to Boston Celtics and played till 2018-2019 season.
Having played in 8 seasons of NBA, the American basketball player made the total earnings of $95.207 million as salary summation from contracts signed.
According to Celebrity Net Worth, Kyrie Irving owns the net worth of around $50 million as of May 2019. The major credit of his income goes to lucrative multi-million dollar contracts and endorsement deals.
Back in early 2018, the 2016 NBA Champion was reported to be worth $30 million as per The Richest.
Well, Irving had signed a 5-year deal valued at $94.3 million with Cleveland Cavaliers in July 2014, projected to earn him $18,868,625 as an annual salary. However, in the 2017 season, he was traded to Boston Celtics.
The trade agreement went in the exchange for Isaiah Thomas, Jae Crowder, Ante Žižić, and the rights to the Brooklyn Nets' 2018 first-round draft pick.
His 5-year contract has nearly come to an end, but, meanwhile, as of May 3, 2019, Kyrie Irving is yet to ink any contracts.
Surely, many NBA teams are approaching this NBA star with a whopping contract value, increasing the potential rise in his net worth.
Kyrie Irving’s Desire To Re-Sign With Celtics
Back in October 2018, Kyrie Irving made his public declaration of his will to re-sign a contract extension with Boston Celtics.
Moreover, as per ESPN, the former Cavaliers star was ready to accept $190 million for a 5-year deal, however, Celtics have not made a firm decision to stick with Irving.
Online sources report that he can either exercise $21.3 million for the 2019-20 season or hit as an unrestricted free agent by July 2019.
Contracts Signed & Salary
Ever since his professional journey, Kyrie Irving has played for 2 NBA teams: Cleveland Cavaliers (2011-2017) and Boston Celtics (2017 and 2018-2019 season).
Contract signed by Irving with Cleveland Cavaliers:
|December 9, 2011||Signed a 2-year contract||$11 million|
|October 19, 2012||Option for the 2013-2014 season||$5.6 million|
|October 23, 2013||Option for the 2014-2015 season||$7 million|
|July 10, 2014||5-year deal||$94.3 million|
As per Spotrac, he earned the base salary of $20.099 million for the 2018-2019 season, while carrying a cap-hit and dead cap value of $20.099 million and $41.428 million respectively.
Also, check out the salary payment of Kyrie per year:
|2017||Boston Celtics||$18.868 million|
Total Earnings: $95.207 million
Did you know? Kyrie Irving won the 2016 NBA Championship with Cavaliers after making a three-point field goal with 53 seconds remaining in a tied Game 7. However, in 2017 Finals, after losing a rematch against the Warriors, Irving requested a trade and was sent to Boston Celtics.
Endorsement & Instagram Earnings
Well, alongside the jaw-dropping contracts, Irving made a hefty sum from his endorsement deals. As per Forbes, back in 2018, he amassed a sum of $17 from endorsements only.
The NBA star has sponsorship deals with Panini, 2K Sports, Foot Locker, Nike, and Pepsi.
Besides this, as per Influencer Marketing Hub, Kyrie Irving has the potential of earning $25,051 - $41,751 per sponsored post via his Instagram. Meanwhile, Irving’s Instagram followers count over 12. 6 million.
As reported, back in December 2014, he launched his Kyrie 3 signature shoe collection that became one of the best sellers.
Moreover, in 2016, as a part of an endorsement deal with Skullcandy, Kyrie Irving got its equity stake, adding the million dollars resources in his list.
Asset, House, Cars, Lifestyle & Expenses
Surely, the multi-millionaire NBA player lives a luxurious lifestyle, owning big mansions and other assets. For now, the detail on Kyrie’s residence is not, except he owns an apartment in Boston.
Well, the median house price in Boston is $587,000.
Formerly, he owned a house in Westlake, Ohio, spread on 5,500 sq. ft, and featuring four-bedrooms and six-bathrooms. The property built in 2007 was bought by Irving in 2014 for $800,000 from former Cavaliers teammate Daniel Gibson and his former wife, singer Keyshia Cole.
Then in 2017, Kyrie Irving listed the property in the market asking $1.7 million, he sold off the house for only $755,000.
Also, he does have a childhood home in West Orange, New Jersey, where his father still lives, renovated by Irving in 2017.
Alongside lavish houses, Irving, fond of luxury cars, has a collection of million dollar worth rides. Some of his cars from his collection include:
- Lamborghini Aventador- $400,000
- Lamborghini Aventador SV Roadster- $402,000
- Ferrari 458 Italia- $243,000
- Audi R8 White- $140,000
- Audi R8 Black- $140,000
- Jeep Wrangler- $31,000
Undoubtedly, huge earnings call up for lavish life which is directly proportional to massive expenses. Kyrie makes expenses on costly clothing, daily life luxury and travels as well.
But important of all, he encounters massive tax policy.
Tax Payment & Insurance
Owning a property in Boston, Massachusetts, Irving’s residence takes 0.862% of the asset’s market value as property tax, while the insurance premium costs $1,300 on average.
In addition to that, his cars such as Lamborghini Aventador, Ferrari, and Audi R8 seeks the insurance cost of $6,816, $10,416, and $2,365 per year respectively.
Also, upon his annual revenue of $10 million, Irving has to pay $4.412 million as income tax, inclusive of 36.61% Federal tax, 2.41% FICA and 5.1% State tax.
Expenses On NBA Fines
Yeah, it’s true that the million dollars earning NBA also does have the provision of strict action on fouls, with fines to be exact.
Well, Kyrie Irving has played 8 NBA seasons and has been fined a whopping $76,000 on the total. The most expensive penalties were:
- October 22, 2017 - Fined $25,000 for inappropriate language (BOS-PHI game)
- November 6, 2018- Charged $25,000 for throwing a ball into stands (BOS-DEN game)
Well, the other 13 were Technical Fouls, each costing $2,000, making a total of $26,000.
Kyrie Irving is actively involved in philanthropic works with UNICEF and Young Athletes, Inc.
Back in August 2018, while visiting North Dakotan reservation for his honorary naming ceremony, he donated $110,000 to the Standing Rock Sioux Tribe which works for youths.
Also in August 2013, with UNICEF, Irving visited schools in South Africa for educational and physical infrastructure development analysis.
Fun Fact: After Kyrie gave $240 to a homeless fan in 2018 in Houston, the video became a viral subject over the internet.
Kyrie Irving’s Personal Details: Age, Family, Education, & Relationship
Born on March 23, 1992, in Melbourne, Australia, Irving’s birth name is Kyrie Andrew Irving. He is the second child of Drederick and Elizabeth Irving, and the stepson of Shetellia Irving. His father Drederick played college basketball at Boston University.
Raised alongside his elder sister Asia and younger sister London, Kyrie Irving holds American nationality and is of black ethnicity.
At the age of 2, Irving's family moved to the United States; he lost his mother at the age of 4.
Regarding his education, Kyrie Irving attended Montclair Kimberley Academy and St. Patrick High School in New Jersey, the United States. From 2010 to 2011, he enrolled at Duke University until Cleveland Cavaliers drafted him.
As of May 2019, Kyrie’s age is 27 and has a height of 6 ft. 3 inches (191 cm).
Meanwhile, Kyrie Irving is not a married man and is also not reported to be dating. Recently as of 2019, he is rumored to be dating YouTuber Golden and was a linked with Instagram star Kayce K. before that.
Well, Irving’s most popular affair was with Kehlani in 2015, but they broke up in 2016. Besides this, the NBA star was also in a relationship with Hannah Stocking (2014) and Andrea Wilson (2013 - 2015) and Chantel Jeffries (2016).