Michael Jordan might be the GOAT but Scottie Pieppen was the one who helped him win the title. This retired NBA player has a remarkable career with many accolades. But is his success matched by his fortune? Pippen was not only known for his basketball skills, but he was also a poster boy for bad contracts. The Chicago Bulls' player for the Chicago Bulls was famously the one who got the short end when it came to salary negotiations. It is hard to imagine how his past can have an impact on his financial situation today. Find out more about his unfavorable deal with the Bulls and what Scottie's net worth today.

Scottie Pippen played 17 seasons in The National Basketball Association

Scottie Pippen needs an introduction? Pippen, a 6-foot-8 basketball player, is widely regarded as one of the best small forwards in history. Pippen, a seven-time NBA All-Star, is the only player to have won both an NBA title as well as an Olympic gold medal the same year--two!

Pippen was an NBA player for 17 seasons. He was known for his defensive skills and ability to protect teammates on the court. Pippen also holds the record for most career steals in playoff history, surpassing only LeBron James. He was a Chicago Bulls legend in the 1990s, when he helped them win three-peats and six championships.

Pippen, despite his talent and legion of followers, was notoriously underpaid for the work he did. After one season of arguing with Charles Barkley, Pippen was traded to Houston Rockets in 1998. He then joined the Portland Trail Blazers where he played from 1999 to 2003.

Pippen eventually returned to the Bulls in 2003. However, without his legendary partner Michael Jordan, the Bulls couldn't recapture the magic from the previous decade. His retirement announcement came less than one year later. In 2005, his jersey was officially retired.

Scottie Pippen made a contract mistake that cost him millions of dollars

Pippen was born in a time when NBA contracts were complicated and messy. Pippen was at the height of his career, and was therefore utterly screwed. CBS Sports gave a great breakdown of this outdated arrangement:

Pippen's contract was advertised as a five year, $18 million deal. However, the new agreement did nothing to erase the two seasons Pippen had under his rookie pact. Pippen was actually signed to the Bulls for seven more seasons. Amazingly, however, the $18million that Pippen signed for was spread over eight years.

Pippen, a poor child, signed the deal against the advice from his agents. He was more concerned with securing financial security for his family at the time. In the late 1990s Jordan made $33.1 million compared to Pippen's $2.8million. This was when he began to feel regret and resentment. He passive-aggressively retaliated with surgery right before his final year of the contract.

Jordan stated that Scottie was wrong about this scenario in an epic ESPN documentary The Last Dance. He could have had his surgery done before the season ended and been ready to go for the next season. Scottie was trying force management to modify his contract. But Jerry Reinsdorf, the bulls' owner, was not going to change his contract.

Scottie Pippen still made more than $100 million in his career

Pippen finally made the money that was comparable to his performance. However, it came in an unexpected way. He signed a six-year, $67.2 million, five-year contract with the Houston Rockets in 1998 during free agency. In 2003, he signed a $10.3 million contract with the Bulls for two years. These paydays were made after his peak but it's better to be late than never.

Amazingly, Pippen earned more in NBA salaries than Jordan. MJ earned $89.7 million, while his teammate made $109.9 million.

Larsa, Pippen's ex wife, chimed in even after The Last Dance depicted the athlete as someone who was a victim to bad business deals.

So what is Scottie Pippen's net worth?

Scottie Pippen has an estimated net worth currently of $20 million. This is a significant amount considering the financial difficulties he has faced over the past four decades.

It was enough to make Pippen unhappy with his contract. Pippen made more than $20 million in investments with Robert Lunn, his money advisor, just before the end of Pippen's playing career. A report by the Chicago Tribune shows that Lunn spent a lot of his money on scams. To get a loan of $1.4 million, Lunn forged the signature of his client and used the money to repay personal debts.

Pippen ended up with a lemon after he convinced his client to purchase a private plane. To get the plane off the ground, the NBA legend needed to spend another million.

Pippen's ex-wife demanded the maximum sentence for Lunn’s crimes.

A written statement stated that "(Lunn] lied to us and manipulated us, and stole from us." He should be held accountable for all his reckless and criminal actions.

Pippen was eventually able to recover $8 million from bankruptcy court. Lunn was sentenced to three years in prison.

Pippen's finances also suffered from bad real estate investments. He reduced the value of his suburban Chicago-area home to $1.89million in 2019. The original purchase price was $2.25 million. He also listed his Fort Lauderdale, Florida home for the third consecutive time in February.

Also, we need to consider the amount of money Larsa Pippen could owe. The official answer is not yet available on how the couple will settle their 2021 divorce. Last we heard, the filing involved a settlement payment, property and child support for minor children.

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By: Deb Taylor
Title: Scottie Pippen Net Worth: Here’s What The Former NBA Champion Is Worth In 2023
Sourced From: www.suggest.com/scottie-pippen-net-worth/192366/
Published Date: Sun, 01 Jan 2023 06:55:00 +0000

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