Robert Reid is the late former Houston Rockets NBA great. He accumulated a huge net worth throughout his basketball career. Indeed, his success as a sports star in the late 1970s and 1980s contributed significantly to his extraordinary earnings. Robert Reid is an American basketball player who played mostly for the Houston Rockets in the late 1970s and 1980s. In his NBA career, he scored 10,448 points, pulled down 4,168 rebounds, and assisted 2,500 times.
Robert Reid Net Worth Before Death
The former basketball player spent almost 15 years in the NBA. As a result, he is in one of the most profitable sports leagues increasing his overall value. The Houston Rockets selected him in the second round of the 1977 NBA Draft. However, details of his new contract are still not available. In the late 1970s, the NBA environment was not contemporary, and player salaries were much lower than they are today. The specifics of the contract were also less widely disseminated than today.
So we might expect that his first contract will be about $100,000 or less. Robert would remain with the Houston Rockets for more than ten years. From 1985 to 1988, he earned more than $400,000 annually, adding extra incentives. This peaked in the 1987-88 season, when he earned $450,000. Following that, Reid signed a contract with the Charlotte Hornets. The Hornets paid him the highest salary of his career, $475,000, for the year he played in Charlotte.
In 1991, he signed another one-year contract with the Philadelphia 76ers at $130,000 per year. This number may seem low, but it is important to remember that the NBA was not very profitable back then. Furthermore, although the compensations were modest in absolute terms, they were seen as substantial during periods of growing popularity and the league’s financial position. In conclusion, Robert Reid’s NBA career was successful in terms of awards and financial stability.
His Earnings Outside the NBA
The Houston Rockets great spent part of his athletic career in the Continental Basketball Association (CBA). He played for the Tulsa Fast Breakers and the Tri-City Chinooks. Although his fortunes paled in comparison to the NBA, playing in the CBA helped him improve his overall situation. In addition, Robert began teaching and training, passing on his expertise in the sport to the next generation.
In the following years, Reid held basketball seminars for potential players in various countries, including India. The former Rockets star’s net worth is estimated in the $1 million to $2 million range. Overall, his NBA earnings make up the bulk of his wealth, plus his CBA career and coaching enterprise.
Robert Reid died at the age of 68
In sad news, one of the NBA’s most recognizable icons, Robert Reid, passed away at the age of 68 in February 2024. Reid later died at home in Houston after receiving cancer treatment, according to the Houston Chronicle. After his death, social media was flooded with posts paying tribute to the great. Tilman Fertitta, owner of the Houston Rockets, sent a heartfelt statement to commemorate his wonderful life.
“I’ve had the pleasure of knowing Robert for over 40 years, and he always brings fun and brilliance to any place he visits. Robert’s passing will be sorely felt, and he will be fondly remembered.”
Undoubtedly, Robert Reid left a void that will be difficult to replace for basketball fans around the world.
Categories: Biography
Source: SCHOOL TRANG DAI
