Although it rubs some fans the wrong way, professional sports have become big business. Even though he struggled to overcome the playoff bump – the 2021 playoffs may finally change that narrative – Chris Paul has reaped the financial rewards of that reality. During his time on the hardwood, the keeper turned his talents into a net worth of $ 130 million. His earning power, however, started on a much smaller scale.
Long before entering the NBA, Paul found himself working at his grandfather’s gas station. There, he and his brother spent their summers looking for change.
Chris Paul Turned His NBA Career Into A Net Worth Of $ 130 Million
While he might not make the headlines the same way Steph Curry did, Paul has been one of basketball’s top keepers for over a decade. As you can imagine, this continued excellence has helped CP3 build net worth.
After making a name for himself at Wake Forest, Paul entered the 2005 NBA Draft and joined the then Charlotte Hornets as the fourth overall pick. This status helped him sign a four-year rookie contract worth nearly $ 15 million. Although this is already a significant sum, his earning capacity only increased from there.
As his resume grew – Paul became one of the best point guard in the league, able to score, assist and defend with equal ease – CP3 continued to sign more contracts. in addition important. Prior to the 2008-09 campaign, he signed a $ 63 million contract with the Hornets. After moving to the Los Angeles Clippers, the goalie cashed another $ 107 million extension.
While he has moved from Hollywood to Houston and, in turn, Oklahoma City and Phoenix, Paul is still making a lot of money. The keeper took home over $ 40 million in the 2020-21 campaign and depending on what he does in the next offseason is expected to have another big paycheck on the way. All that salary in the field, combined with a few big endorsements, helped CP3 amass a net worth of $ 130 million.
The guard started looking for change at his grandfather’s gas station
These days, Paul earns thousands of dollars every time he steps onto the basketball court. During his youth, however, he was happy to score a few extra pennies.
As he recounted in a Players’ Tribune story, the future playmaker spent his summers working alongside his brother at their grandfather’s gas station. There, every car that stopped looking for gas was an opportunity.
“Every time someone pulled up in their car, we jumped out of the chair. If they went to the full-service pump we were cool, ”Paul wrote. “But if they went to the self-service pump, we would fly there as fast as possible. Because we had about four seconds before they could open the door and get out. If we beat them, I mean, who’s going to tell those adorable eight-year-olds that they can’t pump gas? “
Paul and his brother had planned their strategy to the letter. If they got it right, they could earn a few extra pennies from each customer.
We had our perfect little hustle and bustle. It was in the days of cash only. We were therefore dealing with round numbers. Everyone would say, “Put on $ 30, son.” “
We would start pumping… $ 29.10…
Perfect. Click on.
“It’s full, ma’am. “
Nobody with any sense of decency, try to get an eight-year-old kid in there to get 70 cents off the registry. It was always, “Keep the change, young man.” “
That’s how we saved up on basketball shoes and whatever we wanted.
Chris Paul writes in The Players’ Tribune
While it would have taken quite a few cars to make enough money for a new pair of sneakers, it’s fair to say that everything turned out well for the CP3 in the end.
Chris Paul has since used his NBA fortune to honor his late grandfather
Before Paul reached the NBA and started making millions of dollars, his grandfather was murdered. Once he struck the big blow, however, the guard began to honor the late patriarch with his family.
“I’m still Mr. Jones’ grandson,” Paul explained. “His presence is part of everything we do as a family. When I came to the NBA, I started my foundation in his honor, and my goal was really simple. I just wanted to do what he did for me, for as many kids as possible – I wanted to make them feel that no matter where they are from, they have the chance to do great things in this life.
Quoting his grandfather’s response when he and his brother asked for money to buy new sneakers – “You can have it. I just have to work for this now. – the leader sends two students to Wake Forest with a scholarship each year This gift is named after Nathaniel Jones.
“My grandfather,” Paul concluded. “My best friend. The first African American to own a gas station in the state. The only guy who could give you life-changing advice with a lit Winston in his mouth.
Contract data courtesy of Spotrac
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