Steve Kerr’s role as a head coach, broadcaster, general manager, and part-owner of the Suns contributed to his colossal net worth of $65 million.
Born on September 27, 1965, Stephen Douglas Kerr is an American professional basketball coach and former NBA player.
He is the head coach for the Golden State Warriors of the National Basketball Association (NBA) and the U.S. national team.
A nine-time NBA champion, Kerr has won five titles as a player and four as head coach of the Warriors.
Moreover, Kerr is the first NBA coach to lead his team to over 67 victories in three consecutive seasons.
Steve Kerr’s Estimated Total Earnings Over His 14-Season NBA Career Is Around $15.8 Million!
As of 2024, Golden State Warriors head coach Steve Kerr has accumulated a hefty net worth of $65 million.
His wealth primarily stems from his illustrious career, including five NBA championships as a player and four as head coach of the Warriors.
Furthermore, the Warriors’ head coach agreed to an unprecedented two-year, $35 million contract deal, making him the highest-paid HC in NBA history.
According to the South China Morning Post, Steve Kerr is the second wealthiest NBA coach in 2024.
Beyond his coaching profession, Kerr made an astounding fortune during his 15 seasons as an NBA player.
His NBA journey began after being drafted by the Phoenix Suns in the second round of the 1988 NBA draft.
While his first-year salary with the Suns was only $100,000, Kerr made $2.92 million during the following four seasons with the Chicago Bulls.
By 1999, Kerr had won three NBA championships and was a highly sought-after player.
Then, he committed to a five-year, $11 million sign-and-trade agreement with the San Antonio Spurs.
After a decade in the league, Kerr’s yearly pay reached $1 million in his first season with Spurs.
Kerr played three seasons for the Spurs before being moved to the Portland Trail Blazers for one season. Then, he returned to San Antonio for one more season before retiring in 2003.
According to estimates, Kerr might have earned $15.8 million over his 14-year playing career.
With Such A Colossal Net Worth, Kerr And His Wife Recently Purchased A $7.35 Million Mansion!
Following his retirement from the NBA, Kerr pursued a career in broadcasting.
In 2003, Kerr joined Turner Network Television (TNT) as a broadcast commentator, providing analysis opposite Marv Albert.
During his tenure, Kerr hosted a Coors Light-sponsored program called Steve’s Refreshing Thoughts, discussing intriguing tidbits about the NBA history.
With Sprint’s sponsorship, this segment persisted and evolved into Steve Wonders. Kerr was subsequently an NBA commentator for Yahoo!.
Then, in 2004, he joined a group that agreed to buy the Phoenix Suns from Jerry Colangelo for $300 million.
Despite the deal’s failure, Kerr eventually joined the Suns’ executive staff. After three years as a club consultant, the Suns named him the new general manager.
Although he left his position in 2010, he might have still held a minor ownership part in the team as late as 2014.
Despite his lack of experience, Kerr became one of the most desirable prospects for head coach in 2014.
He eventually paired up with the Warriors, who signed him to a five-year $25 million contract.
Hence, he started making $5 million each season, far more than he earned throughout his playing career.
Now, Steve makes an annual salary of $17.5 million. In 2023, Kerr acquired a minority share in the La Liga team Mallorca.
With such a colossal net worth, Kerr and his wife recently purchased a $7.35 million mansion in San Francisco’s Presidio Heights region.
However, Kerr paid around 25% more than the mansion’s $5.8 million original listed price.
Aside from the mansion’s exquisite amenities, Kerr and his family can enjoy beautiful views of the Presidio and the historic Golden Gate Bridge from their house.
In Case You Didn’t Know
- At the NBA’s 75th anniversary celebration in 2022, Kerr received recognition as one of the Top 15 Coaches in NBA History.
- Kerr married his college sweetheart, Margot Brennan, in 1990. They have three children.
- Besides basketball, he is a passionate soccer lover and Liverpool supporter.
