Late former Houston Rockets NBA star Robert Reid amassed a significant net worth throughout his basketball career.
Naturally, his excellence as a sporting star in the late 70s and 80s is a significant reason for his impressive fortune.
Robert Reid was an American basketball player, prominently featuring for the Houston Rockets in the late 70s and 80s.
He accumulated 10,448 points, 4,168 rebounds, and 2,500 assists in his NBA career.
Robert Reid Net Worth Before Death
The former basketball veteran played for nearly 15 years in the NBA. Subsequently, this tenure at one of the lucrative sports leagues helped him boost his overall worth.
He was selected by the Houston Rockets in the 2nd round of the 1977 NBA Draft. However, details of his rookie contract are not available.
In the late 1970s, the NBA landscape was not modern, and player salaries were generally much lower than today. Contract details were also not as publicized as they are now.
So, we can estimate his first contract to be around the $100,000 mark or less. Robert would spend more than a decade with the Houston franchise.
From 1985 to 1988, he earned more than $400,000 annually, including other incentives. This peaked in the 1987-1988 season, where he received $450,000.
Following this, Reid signed with the Charlotte Hornets. The Hornets offered him the biggest payout of his career, a $475,000 deal for the one year he spent at Charlotte.
He signed another one-year deal with the Philadelphia 76ers in 1991, valued at $130,000 annually.
These figures may seem modest, but it is necessary to note that the NBA was not as lucrative back then.
Additionally, the salaries, though low in absolute terms, were considered significant in an era when the league grew in popularity and financial stature.
To summarize, Robert Reid had a successful NBA career in terms of accolades and financial stability.
His Earnings Outside The NBA
The Houston Rockets legend also played some years of his athletic life in the Continental Basketball Association(CBA).
He featured for the Tulsa Fast Breakers and the Tri-City Chinook. Although the fortune pales compared to the NBA, playing in the CBA helped increase his overall fortune.
Additionally, Robert ventured into coaching and training, sharing his knowledge of the sport with the future generation.
In subsequent years, Reid organized basketball workshops for aspiring athletes in various nations, including India.
We estimate the net worth of the former Rockets star to be around the $1 million to $2 million mark.
Overall, his earnings in the NBA make up a significant fragment of his fortune, supported by his CBA career and coaching venture.
Robert Reid Passed Away At The Age Of 68
In sad news, the NBA world lost one of its well-recognized legends, Robert Reid, at 68, in February 2024.
Subsequently, Reid passed away at his residence in Houston after undergoing cancer treatment, as reported by the Houston Chronicle.
Following his demise, social media filled up with posts paying tribute to the legend. Houston Rockets owner Tilman Fertitta marked his unforgettable life with a heartwarming message.
“I have had the privilege of knowing Robert for over 40 years, and his presence always brought joy and positivity to any room he entered. Robert’s absence will be deeply felt, and he will be fondly remembered.”
Undoubtedly, Robert Reid leaves behind a void that will be impossible to fill for basketball admirers around the globe.
