It seems like the Carmelo Anthony net worth of 90.0 million has been set since his days back in Oak Hill Preparatory School.
And when Anthony left the University of Syracuse of just one year, the question wasn’t how rich is Carmelo Anthony, it was how rich will Carmelo Anthony be once he’s done what all experts predicted would be a stellar career? And now that it is the Carmelo Anthony birthday today (May 29), we look at his career in the NBA and how much he has earned as a superstar athlete.
One of the best things about NBA contracts is that once you sign on that dotted line, the money is guaranteed. And when Anthony signed a five-year $80.0 million deal with the New York Knicks, it raised his net worth to about $90.0 million. That was back in 2011, when Anthony was involved in a multi player trade that brought him from the Denver Nuggets to New York. He signed a new deal with the Knicks in 2014, reportedly worth over $124.0 million over a five-year period.
Carmelo Anthony Net Worth Compared to Other NBA Players
|Shaquille O’neal||$350.0 million|
|Michael Jordan||$1.0 billion|
|Lebron James||$210.0 million|
|Carmelo Anthony||$90.0 million|
As great a player as Anthony is, many questioned whether he was worth that kind of money. Individually, Carmelo Anthony’s stats are great. But when fans and basketball experts around the league considered factors like how old is Carmelo Anthony and could he ever lead a team to a championship, there were some rumbles that he was being overpaid.
Not only that, with about $100.0 million committed just to Carmelo Anthony’s salary, it’s become a bit of a conundrum for the Knicks organization. Building a championship contender is difficult. Doing so requires a superstar, yes, but it also requires the team around him to be just as capable. The Knicks are in the unenviable position of having to choose whether to start rebuilding from the ground up, which will take about three to five years, or find some veteran players to put around Anthony so they can compete for a championship right now.
With Anthony nearing what would be considered old for an athlete, his time is right now. And with the money the Knicks gave him, they almost have no choice but to find a way to accommodate the fact that they have a star that is in his prime years. That means now is the time, but without the money to attract top-level free agents, the Knicks are stuck between a rock and a hard place.
Anthony has been able to create an impressive brand for himself, and it’s only getting bigger. He earned $8.0 million in endorsements during 2015 thanks to his footwear deals. Carmelo Anthony’s shoe deals include brands like Jordan Brand, Foot Locker, and Nike. He also just inked an endorsement deal with Nickelodeon to sell boys accessories and apparel inside of Macy’s in New York. Those deals, combined with the $22.5 million from Carmelo Anthony’s contract with the NBA, helped him earn $30.5 million in 2015.
But this is just the beginning for Anthony. He has a vision for his life after basketball, and he’s built the team to help him get there. Melo Enterprises started with Anthony and his manager Robert Frazier. Frazier had been a mentor to Anthony since the latter was 12 years old. Asani Swann then came on as vice president of Business Development and oversees the day-to-day grind of Melo Enterprises.
Breakdown of the Carmelo Anthony Net Worth
|Salary (2015)||$22.5 million|
|Value of Contract with Knicks||$124.0 million|
|Total Net Worth||$90.0 million|
Together, they have completed over 30 deals. And though some of those were straight endorsement deals, Anthony says he looks for more than just attaching his name to a product.
“When it comes down to it, I always want to think about what’s organic to me and to my brand, and what deals will enhance my brand. I try to find deals where we can really partner up and make an impact. I don’t just put my name on something, where we do it as a deal for two months, or a year, then you go your way and I go my way. I’ve been down that path before, and I want to be more involved.”
Swann reinforces that belief, believing that Anthony really has high hopes for where he wants to take his brand.
“I think [Car]Melo wants to look at himself as a brand like Jordan, Nike, or Amex, and in order to get that level of exposure and connectivity to the community, he knew he really needed to put his roots down,” she said. “That required him to roll up his sleeves and really be a part of the company’s growth, and to really be on the ground floor helping to build things into what it will be in 15 years.”
Legacy and Family
Anthony has already solidified himself as an NBA great. Whether he wins a championship or not, his individual achievements are enough to secure his spot in the hall of fame once he calls it quits. And although he is already wealthy, he’d like to leave behind more than a car collection for his legacy.
In 2010, Anthony made another commitment by marrying longtime girlfriend Lala. The two have a son together named Kiyan, who just turned nine years old back in March. They live in an $11.0 million house-like apartment in Chelsea, New York.
Anthony has also been one of the most charitable NBA players. The Carmelo Anthony Foundation was founded in 2005 with its goal being to “empower kids to be more than their socioeconomic status dictates.”
Anthony has used this foundation to buy supplies for schools throughout New York as well as for refurbishing basketball courts in different neighborhoods.
Keil, J., “Carmelo scores $11 million Chelsea home,” New York Post, February 11th, 2015 http://nypost.com/2015/02/11/carmelo-scores-11-chelsea-home/.
Kirst, S., “Carmelo Anthony And His Business Team Talk Making Deals Off the Court,” Forbes, May 23, 2016 http://www.forbes.com/sites/seamuskirst/2016/05/23/carmelo-anthony-and-his-business-team-talk-making-deals-off-the-court/2/#218390e5751f.
Davis, S., “Carmelo Anthony $124 million contract becoming problem for the Knicks,” Business Insider, June 29, 2015 http://www.businessinsider.com/carmelo-anthony-contract-problem-for-knicks-2015-6.