Donovan Mitchell Net Worth: Examining Cavs Star’s NBA Salary, Endorsements and More

“I’m always willing to do whatever it takes. Sometimes those shots I take won’t go in, but I’m going to continue to take the same shots.” This is what keeps Donovan Mitchell going. From the moment he stepped into the court, it was clear he was different. From his dynamic playstyle to his fierce competitiveness caught the attention of fans and teammates alike.

As his reputation grew, so did his value. The Jazz and the Cavs knew he had something special, and they wanted the best from him. So, now it’s time to take a closer look at all his contracts and more on his earnings.

What is the contract between Donovan Mitchell and the Cavaliers?

On September 1, 2022, Donovan Mitchell, Utah Jazz’s veteran shooting guard or their Spida had to give his final goodbye to his home team, the Jazz, as he was traded to the Cleveland Cavaliers. As it marked the beginning of a new chapter for him, he was already in his prime years. However, going to the 6× NBA All-Star’s salary, at that time, he had a salary of $30.9 million for the 2022-23 season, with a cap hit that made him one of the team’s key players.

In the following season, 2023-24, his salary saw a rise to $33.2 million. As Spida settled into his new team, his impact was immediate, and he played a major role in the Cavs’ success. By the next season, that is 2024-25, his salary saw a rise again. And this time it was to $35.4 million, this was an answer to all his high scores.

In July 2024, the Cavaliers made a major decision. They signed Spida to a huge contract extension, which secured his position on the team for the next three years. This deal began in 2025 and was a maximum veteran extension valued at $150.3 million. This shows the team’s trust in Mitchell that he can achieve greater heights in the future. His average annual salary in this extension will be $50.1 million.

The contract is structured with the use of Bird Rights, which means the team can exceed the salary cap if they want. However, in the coming three seasons, the hooper will see his salary slowly increase. It will be $46.4 million in 2025-26, $50.1 million in 2026-27, and by the final year of his extension, 2027-28, Spida’s salary is projected to be $53.8 million. This will keep him among the highest-paid players in the league.

As Mitchell approaches his free agency in 2028, the Cavaliers have secured a solid chance for the future. The team has always given a chance to young or rising stars, like LeBron James, and Mitchell’s leadership these seasons, will decide his future. When he turns 31 years old, his contract will end and he will have the flexibility to explore his options as a free agent. So, now that we know his contract with the Cavs, let’s look at his contract with the Jazz.

How did Donovan Mitchell’s contract with the Utah Jazz looked like?

For every hooper, their draft season is always special. And that’s the same with Donovan Mitchell too. So, the season 2017 was the year that he would always remember because it’s when his NBA dreams came true as he was drafted 13th overall by the Denver Nuggets.  But, despite them selecting him, they traded him to the Utah Jazz. Nevertheless, Spida signed a rookie contract for four years, with them worth $14.56 million. But no one knew that this contract would lead to a successful professional career.

During his rookie season, his salary averaged $3.64 million annually. His first year in the NBA came with significant promise, as he quickly became quite a key player for the team. His guaranteed amount at the signing was $5.73 million. In the subsequent seasons, his contract remained in place.

His role with the Jazz grew, and so did his salary within the rookie contract structure. Like for example, by the 2021-22 season, Mitchell was earning $28.1 million. This marked the final year of his rookie-scale contract.

Mitchell’s rise to stardom with the Jazz was quick, and the rise in his earnings was itself proof of it, but it wasn’t easy. It was at Jazz that Spida knew his true potential, this was evident when he won the Slam Dunk Contest Championship in 2018. And this reflected in his earnings as well, Mitchell bagged a total of 14.56 million over four years.

In summary, we can say that all his seasons with the Jazz were important for his career, which helped shape him into a 6× NBA All-Star caliber. So far, we have seen all his contracts with the NBA, so let’s look into his net worth and more.

Hou much is Donovan Mitchell’s net worth? Has he signed with any brands?

As per a report from 2024, Donovan Mitchell’s net worth is estimated to be around $20 million. However, his wealth not only comes from his NBA salary, rather it is a combination of endorsement deals and other ventures. So the answer to if he has any brand deals is “yes”. His brand deals have played a significant role in building his net worth. One of his major endorsements is with Adidas. Do you know he has also launched his own sneaker line with them? Yes, he has which is the Adidas D.O.N. Issue #1. He reportedly earns between $5 million and $15 million annually from this deal alone. However, just 2 days before his latest collection was announced, which is the seventh Adidas signature shoe, the D.O.N. Issue 7, to be released soon.

On the other hand, Mitchell has signed endorsements with brands like Body Armor, 2K Sports, Zions Bank, Vivint, Stance, and New Era. These deals also help him expand his presence outside of basketball and explore areas like sports drinks, video games, socks, and caps. But, his way of connecting with people is even more vast.

Mitchell also has a personal connection to his fans through My Way 45, a basketball training organization. This initiative is so helpful for the young hoopers that it focuses on helping young athletes by providing camps, mentoring, and access to his Adidas sneaker line. This platform allows Mitchell to connect with a new generation of fans while pursuing another source of income.

Beyond endorsements and his hoops career, he is known for his charity work. While you may not know about it, he has a foundation named Spidacares. This helps him to give back to the community, as its focus is to provide educational opportunities and athletic programs to underserved communities. The organization also promotes physical and mental well-being while fostering sportsmanship and confidence. Something that’s very important for the athletes.

However, talking about his spending reflects his success. With his first $1 million onwards, he has gifted things to his family like he bought his mother a home in Greenwich and gifted her an Audi. He also bought a Porsche Panamera, his dream car, and a Jeep Wrangler Sahara for his sister. With this, one thing is clear: he is a family man.