To the NBA world, Terrence Shannon Jr. might be a new name on the radar, but in college basketball, he’s been a fan favorite for years. Growing up in Chicago—the same city where Michael Jordan left an unforgettable legacy—Shannon developed a relentless love for the game. From pickup games with friends to late-night training sessions, he constantly pushed himself to get better.

Now, as he takes the next step in his career, let’s break down how much he has earned from basketball and some other key details about his journey.

How much does Terrance Shannon Jr. make with the Minnesota Timberwolves? What’s his net worth?

Terrence Shannon Jr. the Timberwolves’s rookie is making waves not just in the NBA, but also with their G-League team, Iowa Wolves. Shannon signed a 4-year contract worth $13,076,519 with the Wolves following the 2024 NBA Draft. This contract comes with a $5,220,720 guarantee. First, it may seem like a huge amount of money for a rookie, but it’s just the first of many.

The Timberwolves structured his contract for the 2024-25 season to provide flexibility and reward the young player; the cap hit is $2,546,640. He’s on a rookie-scale deal, which is typical for first-round picks, but still, it ensures financial security in the league. By 2027-28, his salary will increase to $5,054,159. It’s important to note that the 2026-27 and 2027-28 seasons are team options, not guaranteed years. The Timberwolves have until October 31, 2025, and October 31, 2026, respectively, to decide whether to exercise these options.

That’s when he’ll be 27 and hopefully, he will be entering his prime. However, now that we know about his first NBA contract, let’s focus on our next question: what is his net worth?

As of 2025, rookie forward/guard Terrence Shannon Jr. has an estimated net worth of $5 million—a figure based primarily on his basketball earnings. However, details about his off-court ventures, endorsement deals, house, or car collection remain unclear. It’s possible he has brand deals, but nothing has been publicly confirmed.

His privacy could be intentional, as he’s still early in his career, and his family might prefer to keep personal details out of the spotlight. Even on social media, Shannon hasn’t shared anything related to his house or car collection, keeping his personal life lowkey.

However, while his career is just beginning, his success with the Wolves suggests that as he grows into his role. For instance, his recent 25 points against the Lakers and 17 points against the OKC Thunders. His future on the court is bright, and if he continues to develop, we could see his net worth soar in the coming years. Shannon’s rookie deal with Minnesota gives him stability, but let’s explore another question: which college did he attend? Did he have a great career?

When was Terrance Shannon Jr. drafted in the NBA? Which college did he attend?

Terrence Shannon Jr’s NBA journey began after being selected in the 2024 NBA Draft on June 26, 2024, as the 27th overall pick by the Minnesota Timberwolves. However, as we have seen his NBA career, let’s look at his impressive college career.

Did you know Terrence Shannon Jr. had to move across the country to chase his basketball dreams? Yep, this Chicago kid packed his bags and traveled from the Midwest to South Central US to play for Texas Tech.

And he made an impact immediately. In his freshman year (2019-20), he didn’t just show up—he earned All-Big 12 honors right out of the gate. That tells you just how good he was from day one.

Shannon averaged 9.8 points and 4.1 rebounds in his first season, but one game really stood out—a 24-point, 8-rebound performance against DePaul. It was a glimpse of what was coming, proving that even early on, he had star potential.

In his sophomore year, his game showed improvements. With an average of 12.9 points and 4 rebounds, he became a force on the court. He had a breakout performance against LSU, where he recorded his first career double-double with 23 points and 10 rebounds. He then led Texas Tech to the NCAA tournament, though they were eliminated by Arkansas. Despite the setback, Shannon’s performance caught the eyes of NBA scouts.

Terrence Shannon Jr. briefly tested the waters by declaring for the 2021 NBA Draft, but ultimately, he chose to return to college for another season. That decision led to a career-defining move—his transfer to Illinois in 2022. And let’s just say, it worked out perfectly.

In his first season with Illinois, Shannon didn’t just fit in—he took over. His scoring ability, leadership, and presence on the court made him undeniable, quickly turning him into one of the Big Ten’s most electrifying players. By his senior year, he wasn’t just good—he was a frontrunner for National Player of the Year.

And then? He started rewriting the record books. Shannon set Illinois’ single-season scoring record with 736 points, while also breaking records for most free throws made (212) and attempted (260). But his signature moment came in the Big Ten Tournament, where he dropped 40 points—a performance that solidified his reputation as one of the nation’s best.

In the end, Shannon’s journey wasn’t just about stats—it was about resilience. His ability to stay locked in despite adversity is exactly what brought him to the NBA stage today.