Isiah Thomas was once one of the most famous and successful basketball players in history. At his peak, he was a household name who could not walk down the street without getting recognized. However, his personal life after retiring from professional basketball has been more infamous than famous. These days, Isaiah Thomas is far less famous and does not make as much money as he used to back in the day. He earned a lot from his time playing professional basketball, and he continues to earn money from speaking engagements, endorsement deals, business ventures, and investments. Let’s take a look at Isiah Thomas net worth and learn more about his early and later career and his journeys.
Brief Biography of Isiah Thomas
Isaiah Jamar Thomas was born in Chicago, Illinois in 1965, though he spent a lot of his childhood in Detroit, Michigan. His parents were both basketball players. He was a star player for the Detroit King High School basketball team. He was also a member of the school’s track and field team, and he was a very talented sprinter. He went on to play basketball at Indiana University, where he led the Hoosiers to two Big Ten championships and was named a first-team All-American. He was selected as the number two overall pick in the NBA draft by the Detroit Pistons.
Isiah Thomas’ Early Life
While Thomas’ childhood and youth were spent in Michigan, his high school years were spent in Chicago. He went to Chicago King High School, where he earned all sorts of honors as both a basketball and track star. He was so good at track, in fact, that some of his contemporaries believed he could have gone on to compete on the international level.
As a high schooler, he won the state championship in the 100-meter dash. He was also part of the 4×100 meter relay team that set a still-standing national record. While Thomas is best known for his accomplishments on the basketball court, it is clear that he was an extremely talented all-around athlete.
Isiah Thomas’ College Career
Thomas went to Indiana University on a basketball scholarship. He was part of a very successful Hoosiers team that won two Big Ten championships during his time there. As a junior, he was named the Big Ten Player of the Year and a first-team All-American. After his junior year, he decided to declare for the NBA draft. He is one of only six players in Indiana University history to have his jersey number retired.
Thomas was clearly a very talented basketball player, but he was also known for being a bit of a hothead. He got into a lot of on-court fights and arguments with both teammates and opponents. This led many to believe that he would not be successful at the professional level.
Professional NBA Career
After he was drafted by the Detroit Pistons in the 1985 NBA draft, Thomas quickly became the team’s star player. During his 13-year playing career, he helped his team win two NBA championships and two NBA Finals MVP awards. He was selected to the All-NBA First Team three times and the All-NBA Second Team once. In 1996, he retired from the NBA, but he also served as a coach for a number of years. He spent many years as a commentator for the NBA on ESPN and ABC, and he also served as the head coach for the New York Knicks for two seasons.
Life After Retirement
Isaiah Thomas’ post-NBA career has been marked by both successes and failures. He has had a number of business ventures, some of which have been very successful, while others have not. He is also known for his work as a commentator and analyst on NBA games. In recent years, however, he has been embroiled in a number of controversies.
In 2015, he was fired from his position as the head coach of the New York Knicks after only two seasons. This is widely considered to be one of the worst coaching stints in NBA history.
Thomas has also been accused of sexual harassment by a number of women. In 2007, a woman who worked for the New York Knicks filed a sexual harassment lawsuit against Thomas and the team. The case was eventually settled out of court.
In 2012, Thomas was inducted into the Basketball Hall of Fame.
Isiah Thomas Net Worth
Thomas has always been a very successful businessman. He is the owner of multiple businesses, including a record label, a movie production company, and an investment firm. In addition to these business ventures, Thomas has also done quite well for himself as a commentator and analyst for the NBA. He is currently a studio analyst for Turner Sports’ “Inside the NBA” show.
As of 2020, Isiah Thomas net worth is $50 million. Most of his wealth comes from his earnings as a professional basketball player and from his various business ventures. Even though he is no longer playing basketball, he is still earning money from endorsement deals, speaking engagements, and other business ventures. Given his success both on and off the court, it is safe to say that Thomas’s net worth will continue to grow in the years to come.
Isiah Thomas’ Endorsement Deals
While Thomas’ net worth has certainly grown over the years, it has also shrunk due to some poor investments. He lost a substantial chunk of money in the stock market crash of 2008 and subsequent Great Recession, as well as in a failed restaurant venture. Some of his endorsement deals also fell apart, including one with the energy drink company Got Milk?
Other Income for Isiah Thomas
In addition to his earnings from his investments and other ventures, Thomas also makes money from his work as a television commentator and host. He has worked on shows such as NBA Countdown, NBA Tonight, and many others. He has also hosted shows such as Isiah’s Press Box and Sports Talk. His work has made him a household name to many sports fans.
The Decline In Isiah Thomas’ Net Worth
As mentioned earlier, Thomas’ net worth has fallen over the years. He has a few different ventures that have played a part in that decline. First, his restaurant venture fell apart after he opened too many restaurants too quickly. That put a big dent in his net worth and forced him to take a few years off from opening new establishments.
Isiah Thomas is a basketball legend with a net worth of $50 million. He has made most of his money through his career as a basketball player, but he has also branched out into other ventures such as television commentary and hosting. While he has certainly made a lot of money in his lifetime, the Great Recession and other poor decisions have also taken their toll on his net worth.