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Retired American professional basketball power forward Karl Malone has an estimated net worth of $75 million and an earned $104 million from his salary alone. Utah Jazz of the National Basketball Association (NBA) paid him $19.2 million during the 2002-2003 season. Also known as The Mailman, he was born Karl Anthony Malone on July 24, 1963 in Summerfield, Louisiana. He attended the local Summerfield High School and led its basketball team to three consecutive Louisiana Class C titles from 1979 to his senior year in 1981. He was recruited by University of Arkansas basketball coach Eddie Sutton but he enrolled at Louisiana Tech University because it was closer to his home. He joined the Louisiana Tech Bulldogs basketball team in his second year and played under coach Andy Russo. He was an All-Southland selection during his three years with the Bulldogs.
Malone spent his first 18 seasons in the NBA with the Utah Jazz. He was the 13th overall pick in the first round of the 1985 NBA Draft. He formed a formidable duo with this teammate John Stockton and appeared in the playoffs every season of his career including the 1997 and 1998 NBA Finals. He was a two-time NBA Most Valuable Player, a 14-time NBA All-Star and an 11-time member of the All-NBA first team. He scored the second most career points in the NBA history (36,398) and holds the record for most free throws attempted and made. He is considered as one of the greatest NBA power forwards.
Karl Malone played his final season with the Los Angeles Lakers where he played his third Finals in 2004. He competed with the United States national team in the 1992 and 1996 Summer Olympic Games where the team won gold medals. After his retirement in 2007, he joined the staff of the Louisiana Tech Basketball team. In 2010, he was inducted into the Naismith Memorial Basketball Hall of Fame.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2007 |
Earning Turned Donation |
Donation to the university athletic department of his alma mater Louisiana Tech University |
$350,000 |
|
2004 |
Earning Turned Donation |
Donation to the re-election campaign of President George W. Bush |
$4,000 |
|
2004 |
Earning Turned Donation |
Donation to the U.S. Senate campaign of Lisa Murkowski, a Republican from Alaska |
$2,000 |
|
2004 |
Salary |
Base salary with the Los Angeles Lakers for the year 2004 |
$1,500,000 |
|
2004 |
Contract |
A one-year contract with the Los Angeles Lakers |
$1,500,000 |
|
2003 |
Salary |
Base salary with the Utah Jazz for the year 2003 |
$19,250,000 |
|
2002 |
Earning Turned Donation |
Donation to the campaign of incumbent U.S. Representative Jim Matheson, a Democrat representing Utah's 2nd congressional district |
$1,000 |
|
2002 |
Salary |
Base salary with the Utah Jazz for the year 2002 |
$17,500,000 |
|
2001 |
Salary |
Base salary with the Utah Jazz for the year 2001 |
$15,750,000 |
|
2000 |
Salary |
Base salary with the Utah Jazz for the year 2000 |
$14,000,000 |
|
1999 |
Contract |
A four-year contract with the Utah Jazz |
$66,500,000 |
|
1998 |
Salary |
Base salary with the Utah Jazz for the year 1998 |
$6,140,000 |
|
1997 |
Salary |
Base salary with the Utah Jazz for the year 1997 |
$5,120,000 |
|
1996 |
Salary |
Base salary with the Utah Jazz for the year 1996 |
$4,660,000 |
|
1996 |
Contract |
A three-year contract with the Utah Jazz |
$15,920,000 |
|
1995 |
Salary |
Base salary with the Utah Jazz for the year 1995 |
$3,680,000 |
|
1994 |
Salary |
Base salary with the Utah Jazz for the year 1994 |
$3,380,000 |
|
1993 |
Salary |
Base salary with the Utah Jazz for the year 1993 |
$3,080,000 |
|
1992 |
Salary |
Base salary with the Utah Jazz for the year 1992 |
$2,850,000 |
|
1991 |
Salary |
Base salary with the Utah Jazz for the year 1991 |
$2,560,000 |
|
1990 |
Salary |
Base salary with the Utah Jazz for the year 1990 |
$2,260,000 |
|
1990 |
Contract |
A five-year contract with the Utah Jazz |
$17,810,000 |
|
1988 |
Salary |
Base salary with the Utah Jazz for the year 1988 |
$1,350,000 |
|
1988 |
Contract |
A two-year contract with the Utah Jazz |
$3,610,000 |
|
1987 |
Salary |
Base salary with the Utah Jazz for the year 1987 |
$835,000 |
|
1985 |
Salary |
Base salary with the Utah Jazz for the year 1985 |
$225,000 |