Derrick Rose Net Worth 2022 | Salary, House, Wiki)

Biographies

Net Worth: $90 Million
Salary: $7 Milliom

Derrick Rose is an American professional basketball player with a net worth of $90 million and an annual salary of $10 million. Rose has a height of 6 feet 3 inches and is a point guard. Derrick Rose is currently earning the Veteran Minimum salary in the NBA, which is $2.1 million. Playing for the Knicks, he earned $21 million at his peak. In a typical year, he earns $12 to $15 million from endorsements, the largest of which is with Adidas. Derrick Rose was voted “Rookie of the Year” in 2009, making him the youngest player to ever receive this honour. Former Bulls guard B. J. Armstrong is his agent.

Derrick Rose was born on October 4, 1988, and raised in one of the most dangerous South Side neighbourhoods of Chicago, Englewood, Illinois. After Dwayne, Reggie, and Allan, he was Brenda Rose’s fourth son, but the first in seven years. On nearby courts, the three talented basketball players instructed Rose on the fundamentals of the game.

Prior to enrolling at Simeon Career Academy in 2003, Rose was in high demand among college coaches. He played freshman and JV basketball for the Wolverines despite his reputation. Sports Illustrated ranked Rose as the fifth-best prospect in the country as he entered his senior year. Rose subsequently accepted a scholarship to play for the University of Memphis Tigers under the direction of John Calipari, who recruited him after observing him play in an AAU game. Rose decided to attend Memphis because of the school’s history of producing NBA players. Rose’s defensive play for Memphis earned him high praise. After averaging 20.8 points, 6.5 rebounds, and 6.0 assists per game during the season, he was named to the All-Final Four team. Rose announced in April of that year that he would forego his final three seasons in Memphis in order to enter the 2008 NBA draught.

The Chicago Bulls selected Rose with the first overall pick in the 2008 draught. Then, he was chosen for the U.S. Select Team to prepare the National Team for the Beijing Olympics through scrimmages. Rose became the first Bulls draftee since Michael Jordan to score at least 10 points in his first 10 games. He received Rookie of the Month honours on a monthly basis until he was named Rookie of the Year, joining Michael Jordan and Elton Brand as the only Bulls to achieve this distinction.

His sophomore year with the Bulls began with an ankle injury, and he missed the remainder of preseason. As his ankle healed, so did his performance. In January of 2010, he was selected for his first All-Star Game. In May of 2011, he was named the NBA’s Most Valuable Player, joining Michael Jordan as the only players in Chicago Bulls history to receive the honour. He made history as the youngest player to receive the award at 22 years old. In December 2011, he signed a $94.8 million, five-year contract extension with the Bulls. Rose was sidelined for a year due to a torn ACL and subsequent surgery; he did not play during the 2012-2013 season. His final season with the Bulls occurred in 2015-2016. Rose was traded to the New York Knicks in 2016. Rose was ruled out for the remainder of the 2017 season on April 2, after tearing the meniscus in his left knee, necessitating his fourth knee surgery in his nine-year career. After a few months, he joined the Cleveland Cavaliers. One year later, the Utah Jazz acquired him in a three-team trade. Two days later, the Jazz released Rose. In March of 2018, he signed with the Minnesota Timberwolves and re-signed for the 2018-2019 season. Rose’s participation in the 2019 spring season was ruled out due to a right elbow injury. In July of 2019, he joined the Detroit Pistons and became the first player in franchise history to score 20+ points in seven consecutive games.

After being drafted by the Bulls in 2008, Derrick Rose signed a $1 million per year shoe contract with Adidas. In 2012, he signed a contract with Adidas that could be worth up to $185 million. In addition, he has signed contracts with Wilson Sporting Goods, Skullcandy headphones, Powerade, Force Factor sports drinks, and a Nissan dealership in a Chicago suburb.

 

Adidas transaction facets:

$185 million total value of the contract over 14 years

Annually, Adidas pays him around $12 million.

He receives an additional $5 million per year for appearance fees and use of a private jet.

Can earn up to $6.5 million annually in royalties depending on sales.

The consulting contract pays Derrick’s older brother $250,000 per year.

As a consultant, the contract pays his childhood friend $75,000 per year.

Derrick tore his ACL 64 days after signing the contract and has never been the same since.

On October 9, 2012, Rose’s girlfriend Meika Reese gave birth to their song Derrick Jr. In August 2013, Rose was involved in a federal civil lawsuit to determine whether he and two of his friends sexually assaulted an ex-girlfriend. Rose’s accuser, referred to anonymously in court transcripts as “Jane Doe,” testified that he made her feel uncomfortable by asking her to perform sexual acts for him or to involve other people in their sex life, and that he would occasionally become angry when she refused. Rose expressed difficulty and uncertainty regarding the definition of the word “consent.” during the trial. In October 2016, a jury of eight members found him not to be liable. In 2018, the appeal to reopen the investigation was denied.

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