The late great Robert Reid was an NBA player for the Houston Rockets. For the duration of his basketball career, he amassed a substantial net worth.
Naturally, a large portion of his enormous wealth came from his success as a sports star in the late 1970s and early 1980s. American basketball player Robert Reid spent the majority of his playing career with the Houston Rockets in the late 1970s and early 1980s. Throughout his NBA career, he amassed 10,448 points, 4,168 rebounds, and 2,500 assists.
Robert Reid’s Net Worth Before Death
Page Contents
The former basketball player played in the NBA for over fifteen years. His tenure in one of the wealthiest sports leagues consequently enhanced his overall worth. He was selected by the Houston Rockets in the second round of the 1977 NBA Draft. But details of his rookie deal are still unknown.
The NBA was not as modernized in the late 1970s, and player salaries were far smaller than they are today. Furthermore, contract details were not as readily publicized as they are now. Therefore, it is reasonable to assume that his first contract will be for $100,000 or less. Robert would spend over a decade playing for the Houston Rockets.
He earned more than $400,000 per year between 1985 and 1988, with additional bonuses. At $450,000 in the 1987–88 season, this reached its zenith. Reid then signed a contract with the Charlotte Hornets. For his season in Charlotte, the Hornets paid him the biggest pay of his career—$475,000.
He inked a new one-year deal worth $130,000 a year with the Philadelphia 76ers in 1991. These sums might not seem like much, but it’s crucial to keep in mind that the NBA wasn’t as successful in the past. Furthermore, during a time when the league’s stature and popularity grew, the compensation—while low in absolute terms—was regarded as significant. In summary, Robert Reid’s NBA career was fruitful in terms of accolades and stable income.
His Earnings Outside the NBA
The legendary player for the Houston Rockets played a stint in the Continental Basketball Association (CBA). He was a player for the Tri-City Chinooks and the Tulsa Fast Breakers. Playing in the CBA improved his circumstances overall, even though his wealth was nothing compared to what it was in the NBA. Robert also started instructing and training, transferring his knowledge of the sport to the following generation.
Reid hosted basketball clinics for prospective players in India and other nations in the following years. The former Rockets star’s reported net worth ranged from $1 million to $2 million. His NBA earnings, along with his CBA career and coaching business, account for a significant chunk of his total wealth.
Robert Reid Died at the Age of 68
Tragically, Robert Reid, one of the NBA’s most famous icons, passed away in February 2024 at the age of 68. Following cancer treatment, Reid passed away at home in Houston, as reported by the Houston Chronicle. Social media was overrun with tributes to the great man after his passing. The Houston Rockets owner, Tilman Fertitta, sent a poignant statement in honor of his amazing life.
“I’ve had the pleasure of knowing Robert for more than 40 years, and in every location he went, he brought joy and brightness.” Robert will be fondly remembered and his departure will be deeply mourned.
Indeed, for basketball lovers everywhere, Robert Reid leaves a void that will be difficult to fill.
Also Read: Family Life and Hefty Net Worth Of Bumper Robinson
