Bobby Knight was estimated to have a net worth of around $8 million at the time of his death.
Having been around the coaching field for a long time, Knight mostly garnered his fortunes from his head coach job at several colleges.
Although he started his coaching journey with a relatively lower salary, Knight gradually increased his worth as his stats improved.
Unfortunately, the coaching legend Bob Knight took his last breath on November 1, 2023, following a lengthy illness.
Robert Montgomery Knight was an American men’s college basketball coach who was best known for his victories and outbursts.
Growing up in Orrville, he attended Orrville High School and began playing organized basketball.
After high school, he joined Ohio State, where he played basketball as a forward for the Buckeyes and won the 1960 NCAA championship.
Following his college career, the two-time Henry Iba Award winner began coaching as an assistant at Cuyahoga Falls High School.
After a season, he joined the United States Military Academy as an assistant before taking the head coach position in 1965.
Extending his college coaching journey, Knight handled the Indiana and Texas Tech men’s basketball teams, collecting numerous accolades.
Some of his major achievement includes the NCAA Division I Championship (1976, 1981, and 1987), Final Four (1973, 1976, 1981, 1987, and 1992), and Naismith College Coach of the Year (1987).
Net Worth Before Death: How Rich Was The Coach?
With a history of coaching for more than four decades, Knight had an estimated net worth of around $8 million at the time of his death.
After his college career, he joined Cuyahoga Falls as an assistant for a season. Later, he started as an assistant coach at Army, earning $99 a month ($1188 per year).
When his senior retired, he was named the head coach of the team at the age of 24. And as a head coach, he would have earned more than as an assistant.
Similarly, in 1971, Knight joined Indiana and was reportedly paid $163,118 in salary.
His contract also offered a new car each year, a basic college education for his two sons, and official aircraft use.
However, the university refrained from disclosing further details if the contract included income from other endorsement deals.
After his tenure at Indiana, Bob joined Texas Tech University, signing a five-year/$1.25 million deal.
His Indiana deal included $250,000 in base salary, $150,000 in deferred income, and a minimum of $500,000 guaranteed.
Sports World Reacts To The News Of Bob Knight’s Demise
After Knight’s passing, many from the sporting world offered their condolences.
Various coaches, former players, and many others took to social media to express their thoughts on Knight’s legacy.
Indiana University President, Pamela Whitten, highlighted Coach Knight’s enduring significance in the university’s rich history and college basketball.
Quinn Buckner, Chair of the IU Board of Trustees and a former IU All-American, reflected on Knight’s profound impact on the basketball world.
He emphasized the rarity of both his coaching prowess and his friendship. He acknowledged that having Coach Knight as a coach and a friend was a unique privilege that greatly enriched their lives.