Robert Reid is the late former NBA great of the Houston Rockets. He has accumulated a hefty net worth during his basketball career. Of course, his success as a sports star in the late 1970s and 1980s contributed significantly to his vast income. Robert Reid was 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, recorded 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. Thus, staying in one of the most profitable sports leagues increased his overall value. He was selected by the Houston Rockets in the second round of the 1977 NBA draft. However, details of his rookie contract remain unavailable. In the late 1970s, the NBA environment was not modern, and player salaries were far lower than they are today. Contract specifics were also less prevalent than today.
So we can expect his first contract to be roughly $100,000 or less. Robert will stay with the Houston Rockets for more than ten years. From 1985 to 1988, he earned more than $400,000 each year, adding additional incentives. This peaked in the 1987-88 season, when he earned $450,000. After that, Reid signed with the Charlotte Hornets. The Hornets paid him a career-high $475,000 for the year he played in Charlotte.
In 1991, he signed another one-year contract with the Philadelphia 76ers for $130,000 per year. These amounts may seem low, but it is important to remember that the NBA was not that profitable back then. Furthermore, while the fee was modest in absolute terms, it was considered significant during a period when the league’s popularity and financial position were growing. In conclusion, Robert Reid’s NBA career has been successful in terms of rewards 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. While his fortunes pale in comparison to the NBA, playing in the CBA has helped improve his overall situation. In addition, Robert began teaching and coaching, passing on his expertise in the sport to the next generation.
In subsequent years, Reid held basketball seminars for prospective players in various countries, including India. The former Rockets star’s net worth is estimated at $1 million to $2 million. All in all, his NBA earnings make up a substantial portion of his wealth, supplemented by his CBA career and coaching endeavors.
Robert Reid died at the age of 68
In tragic 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 treatment for cancer, according to the Houston Chronicle. After his death, social networks were flooded with posts paying tribute to the great man. Tilman Fertitta, owner of the Houston Rockets, sent a heartfelt statement to commemorate his wonderful life.
“I had the pleasure of knowing Robert for over 40 years and he always brought excitement and cheerfulness to every place he visited. Robert’s departure will be strongly felt and he will be fondly remembered.”
Without a doubt, Robert Reid leaves a vacuum that will be hard to fill for basketball fans around the world.
Categories: Entertaintment
Source: HIS Education