Jason Kidd is a retired American professional basketball player and current head coach who has a net worth of $85 million.
Jason has established himself as a celebrated player and also as a successful coach and entrepreneur. He had an exceptionally successful 19-year playing career and has since gone on to coach in the NBA.
Jason Kidd Net Worth
Jason Kidd has amassed an estimated net worth of $85 million throughout his exceptionally successful 19-year NBA playing career and current coaching tenure. He earned over $187 million in salary alone during his time in the league.
A significant amount of Kidd’s net worth came from the six-year, $100+ million contract. He signed that contract with the New Jersey Nets in 2003 after being traded from the Dallas Mavericks. The massive contract was one of the biggest deals in NBA history at the time.
Additionally, Kidd is famous to be a savvy businessman and investor with multiple lucrative endorsement deals and high-profile brand sponsorships during his playing days. He signed multiple shoe deals with Nike and headgear partnerships with companies like Edge Health and Glucovance.
Early Life and Education
Jason Frederick Kidd was born on March 23, 1973, in San Francisco, California. His parents, Steve and Anne Kidd, divorced when he was only two years old. After the divorce, Jason lived with his father, Steve, in Oakland, where he first began to play various sports like soccer and tennis. However, Kidd soon discovered his true passion in basketball.
Kidd attended St. Joseph Notre Dame High School, where he played basketball for the school team. He earned the ASCI National Player of the Year honors in his senior year after averaging 25 points, ten assists, 7 rebounds and 7 steals per game.
Kidd received a scholarship offer to attend the University of California, Berkeley and played two years of college basketball for the Golden Bears. Throughout his college career, he averaged 13.0 points, 4.9 rebounds, 7.7 assists, and 3.8 steals per game. After his sophomore year, Kidd declared for the 1994 NBA draft.
NBA Career Beginnings
Kidd was selected as the number two overall pick in the 1994 draft by the Dallas Mavericks. Despite early struggles adapting to the NBA game as a rookie, he showed flashes of his well-rounded playmaking abilities and court vision.
In his first year, he averaged 11.7 points, 5.4 rebounds and 7.7 assists, sharing Rookie of the Year honors with Chicago Bulls player Grant Hill. By his third season, Kidd had developed into an instrumental leader for the Mavericks, leading the league in triple-doubles and being voted into his first NBA All-Star game.
Over the first six and a half seasons of his NBA career with Dallas, Kidd blossomed into a superstar talent, achieving All-NBA honors and becoming widely regarded as one of the best point guards in basketball. His time in Dallas would come to an end in February 2008 when he was traded to the New Jersey Nets.
Sources of Income
Throughout his 19 seasons in the NBA, Jason Kidd earned over $187 million in salary alone playing for teams like the Dallas Mavericks, Phoenix Suns and New York Knicks across his storied career. The peak earnings of his playing career came from the 6-year, $99.5 million contract he signed with the New Jersey Nets in 2003.
In addition to his hefty salary, Kidd supplemented his income through numerous lucrative endorsement deals and brand sponsorships at the peak of his NBA superstardom. He signed multiple endorsement deals with major companies like Nike, Apple and Edge Health.
As one of the NBA’s most popular point guards of his era, Kidd was able to earn millions from companies paying to associate him with their brands.
Along with traditional endorsements, Kidd also earned income from appearances in TV commercials for brands like Nike, PlayStation and more. On top of that, he made further earnings from owning a share of The Ainsworth, an upscale sports bar established in New York City.
Jason Kidd has also engaged in some business ventures outside the sport throughout his career. In 2001, Kidd co-founded a company called First Respect, which produced and sold prepaid greeting cards marketed as gifts.
The greeting cards became popular, especially for holidays like Valentine’s Day, Mother’s Day and Father’s Day. Kidd’s founding of First Respect displayed his determination and aptitude for success in business and investing off the court.
However in 2005, Jason Kidd purchased a minority ownership stake in The Ainsworth restaurant/sports bar. That establishment opened on Broadway in New York City. His co-ownership of and promotion for The Ainsworth helped the high-end sports bar grow in popularity over the years since opening its doors in New York.
Salary and Earnings
Jason Kidd has earned well over $200 million in career salary alone through his exceptional 19-year playing career in the NBA and current coaching career.
During his time as a player, Kidd earned nearly $190 million in salary playing for teams like the Dallas Mavericks, Phoenix Suns and New York Knicks. His peak on-court earnings came from the 6-year, $99.5 million contract he signed with the New Jersey Nets in 2003. At the time, it was considered one of the most lucrative contracts ever in the NBA.
Additionally, Kidd earned tens of millions more off the court from high-profile endorsement and sponsorship deals. Companies like Nike, PlayStation, Apple and more paid for the right to associate their corporate brands with one of the NBA’s most dynamic star point guards of his era.
Kidd married his first wife, Joumana, in 1997, and they had three children together before divorcing in 2007. Later that year, he became engaged to model Porschla Coleman, though they eventually ended their engagement.
In 2011, Kidd married Porschla Coleman, and they had two children together before finalizing their divorce six years later.
Kidd also avoids alcohol and drugs due to childhood experiences with his parents’ substance issues while growing up. He was arrested on a drunk driving charge in 2012 during his time playing for the Knicks.
Jason Kidd has been involved in extensive charitable work to give back to communities. He formed The Jason Kidd Foundation, which has actively worked with organizations to support children’s educational and social needs. The foundation focused on school supplies, sports activities, mentoring and nutrition.
Kidd’s foundation has helped children in cities across the country where Kidd played, like Dallas, Phoenix and Oakland. He has helped arrange donations worth millions of dollars over the years to give kids laptops and tablets. Besides, he made it through partnerships with the Charities Aid Foundation and corporations like Hewlett-Packard.
After Hurricane Katrina devastated New Orleans, Kidd donated $305,000 to relief efforts for the city. For his contributions and commitment to philanthropy over his legendary career, Kidd was honored multiple times. However, he received the NBA’s Sportsmanship Award and Joe Dumars Trophy for sportsmanship.
FAQs on Jason Kidd Net Worth
What was Jason Kidd’s impact as a player in the NBA?
Jason Kidd was a transformative player in the NBA, known for his exceptional court vision, passing skills, and defensive prowess. He made a significant impact on every team he played for, elevating their performance with his leadership and basketball IQ.
How has Jason Kidd’s transition to coaching influenced his net worth?
Kidd’s transition from player to coach has been a successful one. His coaching salaries have contributed to his wealth. However, his ability to lead teams effectively that has bolstered his reputation and financial standing.
How has Jason Kidd diversified his income streams?
Jason Kidd has diversified his income streams through various avenues. His earnings as a player-coach and from endorsements form a significant part of his wealth.
What is Jason Kidd’s Transition from Player to Coach?
After retiring as a player, Jason Kidd seamlessly transitioned into coaching. He began his coaching career as the head coach of the Brooklyn Nets in 2013. Also, he went on to coach the Milwaukee Bucks and the Dallas Mavericks.
Jason Kidd’s net worth of around $85 million underscores his multifaceted success as a basketball player, coach, and savvy entrepreneur. His impact on the sport remains undeniable both on and off the court. Also, his journey serves as an inspiration for aspiring athletes and entrepreneurs alike.
As he continues to make strides in various domains, Kidd’s legacy as a basketball icon and a shrewd businessman remains indelible.