“I love my job” said Steve Kerr, after the postgame interview in the aftermath of the Warriors’ win against the Pelicans. And why wouldn’t he? The NBA is what the 59-year-old has devoted the majority of his life to, 15 years as a player, and 10 years (and counting) as a coach. In turn, his contributions and dedication has not only made him one of the most recognizable faces of the basketball league, but provided him with a net worth that could benefits his next generations for a long time. However, Kerr has not solely relied upon the basketball league to add to his earnings and has gone beyond it to diversify his portfolio.
Therefore, without any further ado, let us know more about the overall earnings of the decorated head coach.
What is Steve Kerr’s Net Worth?
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As of today, the 59-year-old Golden State Warriors head coach commands a net worth of a whopping $65 million. This makes him not only the second-richest coach in the modern NBA but makes hi richer than Khris Middleton, who Media Referee ranks as the 53 richest NBA player of all time.
The major source of Kerr’s earnings has been thanks to his decades-long career as a head coach. Upon returning to the league, but in the non-player role, he was provided with a contract that would pay him $25 million over five years. After all, if the franchise wanted Kerr to chose them over Phil Jackson and the New York Knicks, they had to make it worth his while.
By the time the terms of the contract started drawing to an end, the Warriors had secured three championship titles to their name, with Kerr personally having earned the NBA Coach of the Year honor in 2016, and the All-Star Game head coach honor in both 2015 and 2017. Therefore, not looking to let go of an important figure during their golden tenure, the Warriors management provided the coach with a five-year extension that would yield him $47.5 million ($4.5 million more annually) over the time period.
BREAKING: Golden State’s Steve Kerr has agreed on a two-year, $35 million contract extension, Rick Smith and Dan Eveloff of @PrioritySports tell ESPN. Kerr’s new deal makes him the highest paid coach in league history at $17.5M a year. pic.twitter.com/Hpd0xslyCU
— Adrian Wojnarowski (@wojespn) February 24, 2024
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Is Steve Kerr's $65 million net worth a testament to his coaching genius or just NBA inflation?
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Steve Kerr’s current contract, which he signed back in late February, does not guarantee his stay for long, as it is only a two-year extension instead of five. However, he will receive a much higher average pay, as the head coach will earn $35 million over the same time period. This extension makes Kerr the highest-paid NBA coach as of now. Other instructors like Miami Heat’s Erik Spoelstra (eight-year, $120m extension), San Antonio Spurs legend Gregg Popovich (five years, $80m), and Detroit Pistons’ Monty Williams (six years, $78m) have a bigger guaranteed pay, but not on an annual basis. If Steve Kerr played in the NBA today, he would be the 99th highest-paid player. He would rank right before Harrison Barnes and Patrick Williams, who will earn $18 million each during the ongoing season.
How much did Steve Kerr make during his tenure as an NBA player?
The NBA team drafted Steve Kerr as a second-round pick during the 1988 NBA Draft. As a result, his rookie contract with the Phoenix Suns was abysmally low, with him set to earn only $100,000 over one year. While Kerr did get an extension for another year, his pay only increased by $10,000! Things improved once the Cleveland Cavaliers traded for him, and he signed a three-year, $1.65 million contract with them. His annual pay didn’t drastically change when the Orlando Magic later traded for him due to ‘draft considerations’, the same reason behind the Cavaliers trading.
The 1993-98 period put Steve Kerr in the spotlight. Michael Jordan brought the Chicago Bulls into the midst of their golden era! The four-year deal he placed the ink on in 1993 provided him with $2.92 million guaranteed, with an average annual salary of $730,000. Even after His Airness’s exit in 1998, Kerr continued for another five years. The Bulls rewarded the point guard for his loyalty. How? The highest pay that he would earn in his career as a player: $10.97 million over the time period, with an average annual salary of $2.19 million.
Does Steve Kerr have his own car collection?
Many renowned members of the NBA fraternity, including both current and former players, keep an impressive collection of at least cars or bikes, or both. From Shaquille O’Neal’s specially customized vehicles to Michael Jordan’s collection which includes everything from a Cadillac and a Bugatti Veyron to a Toyota Camry NASCAR vehicle, fans occasionally glimpse these road jewels.
Unfortunately, if Steve Kerr has such a collection, then he keeps the details of it knit closed. After all, the only vehicle that fans know the head coach certainly owns is an Audi Q8, which is reportedly in the price range of $70,000-$100,000.
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How many houses does Steve Kerr own?
If Steve Kerr decides to fork over much of his net worth on cars, an opposite case can certainly be made regarding his houses.
Back in 2018, the now 59-year-old purchased a $7.35 million mansion in San Francisco’s Presidio Heights. Kerr must have really wanted the house, as he ended up paying more than its listed price of $5.8 million. Then again, if you’re the head coach of the local NBA franchise who has won three championships in his tenure, what time is there to go splurging? The 4000-square-foot home is over three stories tall and has four bedrooms along accompanied by four bathrooms. They made renovations to it over the years, since its construction in the 1920s, by including a living room with a fireplace, a master bedroom with modern amenities, and a reportedly formal dining area.
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The house’s location provides memorable views of the Presidio, as well as the Golden Gate Bridge. For the NBA star’s sole Audi Q8, the location is even fitted with its own personal garage. The location allows him to be close to the Bay Area and with several of his peers. In fact, the house is within walking distance of the Presidio Heights house that former Warriors GM Bob Myers. He bought the property back in 2016 for a whopping $10.275 million. While they may no longer be working together, both Myers and Kerr maintain a close bond according to public records.
From his NBA career earnings to the amount he earned during his tenure as a broadcaster, Steve Kerr has created a comfortable life for himself. Since the coach is not looking to go anywhere for the foreseeable future, and since the terms of his new contract go into effect this season onwards, we can presume that his net worth is set to go up now.
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Is Steve Kerr's $65 million net worth a testament to his coaching genius or just NBA inflation?