LaMelo Ball, a name familiar to the NBA world, is easily one of the most exciting young talents in the NBA. Although he didn’t make it to the All-Star games this year, we cannot overlook his on-court success. Well, today, we are not here to look at his on-court story. Rather, we will take a look at his salaries and more. So, come, let’s take a look at all his earnings from basketball to non-basketball activities.

What is LaMelo Ball’s contract with the Hornets?

After being selected third overall in the 2020 NBA Draft, LaMelo Ball wasted no time in proving himself. His rookie season is something people know about. Like earning the 2020-21 NBA Rookie of the Year award and a spot on the All-Rookie First Team. This early success set him apart from other hoopers. Anyhow, talking about his contract, as a rookie, he had signed a four-year deal worth $35.6 million back in 2020.

With such a contract, his average salary during this period was $8.9 million, with $16 million guaranteed at signing. The contract, which was structured using the rookie-scale exception, gave the Hornets flexibility while still rewarding Ball for his talent and potential. By the end of this deal, it was clear that the team wanted him because his development and leadership on the court made him one of the franchise’s cornerstones.

In July 2023, the Hornets did exactly what they wanted. They signed Ball with a massive contract extension. The new deal is worth a whopping $203.85 million over five years. This made him one of the richest in Hornet’s history. This contract came as fully guaranteed, underscoring the team’s trust in Ball as the face of their franchise. The contract also marks a significant step in Ball’s rise as a true star in the NBA, and it reflects his immense potential moving forward.

Under the terms of the extension, his annual salary will rise substantially. Well, how will they not increase? This season, in the 2024-2025 season, Ball will earn $35.1 million, and in the 2028-2029 season, his annual salary will reach $46.4 million. The final year of the deal will allow Ball to become an unrestricted free agent, which means he is left with an opportunity to explore other options while also wanting to continue his journey with the Hornets. So, will he continue with them?

However, this extension shows that the Hornets are all in on LaMelo Ball. As he enters his prime years, Ball’s impact will be crucial in helping him to build a winning team around him. However, now that we know about his on-court earnings let’s look at his off-court earnings and overall income.

What is LaMelo Ball’s net worth? What are all his investments?

As of a 2024 report, LaMelo Ball’s net worth is estimated at around $30 million. But, it’s not just limited just to his basketball earnings. From his remarkable debut as the 2021 NBA Rookie of the Year to his endorsement deals, Ball’s financial success continues to grow. His endorsements play a significant role in his financial portfolio. His partnership with Puma is one of the standout deals of his career, rumored to be worth up to a huge $100 million.

The interesting part of the contract was that they signed it before he even stepped onto an NBA court. The deal doesn’t stop here. It extends to a private jet for Ball’s personal use, making it clear that Puma sees him as a long-term investment. You might have not seen this type of endorsement deal as it’s rare. But LaMelo’s investment portfolio is equally impressive.

He made a smart move by investing in Buzzer, a sports streaming app that has quickly become a favorite among sports fans. The app allows users to pay a one-time fee for live sports streaming, and it has attracted a group of influential investors, including Michael Jordan and Naomi Osaka. LaMelo’s involvement with Buzzer is a strategic move, aligning himself with a growing tech space in sports. It’s his understanding of the business world beyond basketball, signaling that he’s preparing for a future post-hoops.

In addition to his basketball and business endeavors, the hooper’s personal life also reflects his growing wealth. Do you know about his house? Talking about his house, he owns a luxurious $10.1 million mansion in Jacksonville, North Carolina. It comes with breathtaking views of the Atlantic Ocean. The mansion includes several huge amenities, such as a helipad, two swimming pools, 11 bedrooms, 18 bathrooms, and a spa. This is easily one of the best basketball homes. This property epitomizes his success and his desire for an opulent lifestyle. But his house collections aren’t just limited there.

He also owns a $3 million apartment in Uptown Charlotte, a spacious 3-bedroom, 3,355-square-foot property that further adds to his impressive real estate portfolio. However, when it comes to his car collection, it’s vast as LaMelo has made some statement choices of luxury vehicles.

He owns a fleet of high-end cars, including a Mercedes-AMG G63, Lamborghini Gallardo, Lamborghini Urus, Ferrari F8 Tributo, and Rolls Royce Cullinan. His cars show his status and love for fast, stylish vehicles. LaMelo’s addiction to luxury SUVs is clear, with three super SUVs included in his garage. His collection is a symbol of his success and the lifestyle that comes with it.