Desmond Bane Net Worth in 2024: How much is he worth?
Here's how much Desmond Bane earns from his player contracts, NBA salaries and endorsement deals.
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Desmond Bane (Getty)
Memphis Grizzlies star Desmond Bane has evolved into one of the most important players on the squad. His exceptional shooting prowess has, time and again, made a difference for the Grizzlies since he got drafted in 2020. So how much does the Grizzlies star earn now, and what is Desmond Bane’s net worth in 2024?
Although Bane has spent the entirety of his NBA career with the Memphis Grizzlies, he was originally drafted by the Boston Celtics as the 30th overall pick. Standing at 6-foot-5, Desmond is a sharpshooter and one of the prominent three-point shooters on the team. Absolutely adored by Grizzlies fans, Bane has become one of the most popular players on the squad.
Owing to his spectacular on-court performances and increasing popularity, Desmond has been approached by brands offering him endorsement deals. Bane has already signed a few endorsements with partner brands within his relatively short time in the NBA. Here’s how much Desmond Bane earns from his player contracts and his net worth in 2024.
Also Read: Malik Beasley Net Worth in 2024: How much is he worth?
Desmond Bane’s Net Worth
Desmond Bane has earned the majority of his wealth through his player contracts and NBA salaries. For a young professional, Desmond Bane has an impressive net worth of $11 million as of 2024. He is currently in the third year of his $9,944,923 contract signed with the Memphis Grizzlies.
Besides his NBA contracts, he has also signed a couple of endorsement deals. Bane has partnered with Nike and Naturade and is being approached by other top brands who wish to offer him endorsement deals. Considering he is only in his third season in the NBA, Bane will be signing more such deals in the near future.
Contracts & salary
Desmond Bane signed his rookie contract worth $9,944,923 across four years with the Grizzlies on November 25, 2020. The contract sees him earn an average salary of $2,486,231 annually, with $9,944,923 guaranteed at signing. The Grizzlies exercised the team option on his contract for both the 2022-23 and 2023-24 seasons. The player will earn $3,845,083 in the coming season and become a restricted-free agent in 2024.
Endorsements
Desmond Bane’s endorsement deals also add to his substantial fortune. The player signed with sportswear brand Nike and features a variety of their sneakers on-court. Previously he sported the Nike Kyrie Low 4 and Nike PG 6 before sustaining a right toe sprain. After returning from his last injury, he opted for Nike LeBron XX and often sports the pair.
This originally came out a little odd, considering the friction Bane and James shared earlier last year. However, things seemed to have resolved between the two as LeBron James was delighted to watch the young guy wear his signature line of shoes, and the athletes shared some heartfelt moments during a game between the Grizzlies and Los Angeles Lakers.
Besides Nike, Desmond has also signed an endorsement deal with dietary supplement manufacturing company Naturade in 2022. It is not the first time Naturade has partnered with NBA stars, as the list even includes Hall-of-Famers such as Grant Hill and Magic Johnson.
“We are so proud to be working with Desmond,” Naturade co-owner Kareem Cook stated about their partnership with the Grizzlies’ guard. “Not only is he an incredible athlete, but he’s an even better person. Watching how he plays, it’s easy to tell he takes care of his body and prioritises his health. We’re excited that Naturade is a part of his daily routine.”
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Ritvik Malhotra
(1085 Articles Published)