What is Jamal Murray’s net worth? Jamal Murray was born on February 23, 1997, in Kitchener, Ontario. The son of Roger Murray, the Denver Nuggets guard has since carved out a place as an elite point guard in the NBA. Jamal Murray’s net worth has grown exponentially as a result.
Murray has come a long way over the last decade. From Orangeville Prep to college ball to the NBA, Murray has become a star for the Nuggets and has helped make them one of the best teams in the league.
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Early Life and Career Beginnings
Born in Kitchener, Ontario, Murray began his journey to the NBA with Grand River Collegiate Institute. After one season there, he made the move to Orangeville Prep for the remainder of his high school career. He was also named MVP in the BioSteel All-Canadian Basketball game, solidifying himself as one of the top names in high school basketball.
After winning a silver medal at the 2015 Pan American Games, Murray committed to the Kentucky Wildcats. He quickly had one of the best seasons in Kentucky basketball history. He made First-Team All-SEC, made the SEC All-Freshman Team, Third-Team All-American, and left an indelible mark on the Kentucky Wildcats program as one of the top college players in the nation.
All of his success ultimately led him to be the seventh overall pick in the 2016 NBA Draft to the Denver Nuggets. At 6’4” with a 6’6” wingspan, he had good size for a guard. Jamal Murray would be a star in the NBA and it wouldn’t take long for him to establish his mark.
NBA Success and Financial Journey
Murray wasted no time being successful in the National Basketball Association. In his first season with the Denver Nuggets, Murray was a member of the NBA All-Rookie Second Team. The point guard immediately became a key member of the Nuggets and their rise in the league.
From there, Murray became a star for the Nuggets as they achieved greater and greater regular season success. But one season would make all the difference in the world. The 2022-23 season began the same as the others, but this one would end differently.
The Nuggets point guard would ultimately help take the team to the next level. In addition to having a dominant regular season and crushing LeBron James in the playoffs, Murray and the Denver Nuggets reached the NBA Finals for the first time. When all was said and done, together with team star Nikola Jokic, Murray and the Nuggets hoisted the NBA Championship trophy for the first time ever after trouncing the surprising Miami Heat in five games to win it all.
Big Contracts and Endorsements
Ahead of 2020, you could summarize “Jamal Murray net worth” based on his rookie contract. The Nuggets star took the next step in his NBA career, an NBA All-Rookie Second Team nod under his belt. Murray would have success after being a top first round pick in the 2016 NBA Draft, ultimately landing one of the biggest NBA contracts.
Murray signed a massive 5-year, $158 million contract with the Denver Nuggets. He becomes an unrestricted free agent in 2025, potentially taking his career earnings up. When all is said and done, “Jamal Murray net worth” could reach the upper echelon of NBA players.
Jamal Murray’s net worth is due to his endorsement deals. Western Union, Beats by Dre, Express, and Ruffles are just a few of the endorsements making Nugget star Jamal Murray a very rich man.
Investments and Business Ventures
Not much is known about Jamal Murray and his business ventures. The Nuggets star is one of the highest-paid players in the league and is set to become a free agent in just two short years. His play on the court has largely been his main income source.
As other players of his stature do, Murray no doubt has investments that he has his fingers in. Winning an NBA Championship no doubt had an exponential impact on his success and career arc.
Denver Nuggets guard Jamal Murray (27) in the first half of Game 7 of an NBA second-round playoff series against the Sunday, May 19, 2024, in Denver. (AP Photo/David Zalubowski)
Net Worth Evaluation
NBA contracts have been going up year after year and the Nuggets star is clearly benefitting. He is in the middle of a 5-year, $158 million contract and will no doubt earn more than $100 million on his next deal. Whether that be with the Denver Nuggets or elsewhere remains to be seen.
His importance to the Denver Nuggets cannot be understated, helping turn away teams like the Cleveland Cavaliers, Miami Heat, Golden State Warriors, Phoenix Suns, and others while thrilling the Ball Arena faithful.
So long as Murray continues to play well, endorsements will follow. His younger brother named Lamar has also earned some interesting comparisons to rapper Kendrick Lamar. Both are in a pretty healthy tax bracket in their respective professions.
Jamal Murray's income after taxes 😲
$31.65M: Salary
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$11.71M: Federal Tax
$695k: Colorado Tax
$950k: Agent Fee
$943k: Jock Tax
$3.17M: NBA Escrow
$742k: FICA/Medicare
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$13.43M: Net Income pic.twitter.com/hcnd8zwrjn— Andrew Petcash (@AndrewPetcash) June 8, 2023
Final Thoughts
Jamal Murray and the Denver Nuggets continue to be among the best in the league. The Nuggets guard continues to struggle with injuries, plus the Nuggets are coming off a shocking loss to the Minnesota Timberwolves in the second round of the NBA playoffs.
The next two years will be important for Jamal Murray and his net worth. With another major contract extension on the horizon, he should be electrifying Ball Arena for years to come. He will be a crucial part of getting the Denver Nuggets back in the quest for another NBA Championship.
