Rick Adelman Net Worth - What Are The Player Turned Coach's Income And Earning Sources?
Rick Adelman Net Worth
|Birth Name||Richard Leonard Adelman|
|Birth place||Lynwood, California, USA|
|Profession||Former Basketball Coach and Player|
Rick Adelman is a former professional basketball coach and player who has been part of the professional scene since the late 1960s. He previously coached and played for NBA teams like Portland Trail Blazers, Golden State Warriors, Houston Rockets, and Chicago Bulls.
From his career as a coach and a player, the retired American coach has not only gained immense fame but also accumulated a fortune. Much of Rick Adelman's net worth includes the amount he earned throughout his basketball career.
Rick Adelman Net Worth And Earning Source
As stated above, Rick Adelman's net worth comprises of his earnings as a basketball player and coach. He was once listed among the highest-paid NBA coaches and has amassed considerable wealth from his career.
Income From Playing and Early Coaching Career
Rick Adelman completed his collegiate career at Loyola University, now known as Loyola Marymount University in Los Angeles. He was a star player for the college team and went on to enter the 1968 NBA draft. He was picked up by the San Diego Rockets (Houston Rockets) in the seventh round.
Adelman played for the Rockets till 1970 and was then traded to Portland Trail Blazers during the year's expansion draft. He spent three seasons with the Portland and went on to play for Chicago Bulls, New Orleans Jazz, and Kansas City-Omaha Kings for a season each.
The former Blazers' player retired from his playing career in 1975 after only seven years and chose to focus on furthering his coaching career. His first job as a head coach was at the Chemeketa Community College, where he spent six-year coaching the college team.
Throughout his playing career, Rick Adelman's salary must have been counted in thousands if not millions. He had played for several NBA teams and pocketed a considerable sum from his time there. Also, Adelman's net worth also comprises his earnings as a head coach for the Chemeketa Community College's basketball team.
How Much Did Rick Adelman Earn As An NBA Player?
Rick Adelman spent around six years with the college team and then returned to NBA, joining the Portland Trail Blazers as an assistant coach. He was there under head coach Jack Ramsay for several seasons and then Mike Schuler for two seasons. After Mike was fired during the 1988-89 season, Rick was named the interim coach for the team.
During his first season with the Blazers, Adelman led them to the playoffs. Under his coaching, Portland also reached the NBA Finals in 1990 and 1992 but lost to Detroit Pistons and Chicago Bulls, respectively. However, after poor performances in the following seasons, Rick was dismissed from his position after the 1993-94 season.
The retired player was hired by the Golden State Warriors in 1995 but could not replicate the same success that he managed to gain with Portland Trail Blazers. As a result, he was fired from his position after only two years with the Warriors. After this, he took a year break from the sidelines and, in 1998, returned as the head coach for the Sacramento Kings.
With the Sacramento Kings, Adelman managed to qualify for the playoffs every season. He even reached the NBA Finals in 2002 but could not clinch the title. Rick continued to coach the team till his final year of the contract and did not sign an extension after the 2005-06 season.
The American coach then became a head coach for the Houston Rockets for four seasons and managed to lead the team to three playoff appearances. He left the team after four seasons since the Rockets did not offer a new contract in 2011.
A few months after, Rick joined the Minnesota Timberwolves. He signed a five-year deal with the team, which was worth $25 million. This contract resulted in Adelman's salary to be $5 million per season, and this helped him secure a spot in the highest-paid NBA coach list. With the Timberwolves, Adelman recorded his 1000th career wins in 2013.
In 2014, he announced his retirement from coaching but stayed with the team as a consultant. Throughout his coaching career, the American coach pocketed millions every year, which in turn helped increase Rick Adelman's net worth.
Lifestyle And Assets
Rick Adelman has amassed a fortune from his playing and coaching career and now lives lavishly. He has lived around the States due to his NBA career and owned houses in several cities. Since his retirement, Rick has
- Richard Leonard Adelman was born in Lynwood, California, on June 16, 1946.
- Rick graduated from St. Pius X High School and then played for Loyola Marymount University.
- He has been married to Mary Kay Adelman since 1973 and has three children R. J. Adelman, David Adelman, and Kathryn Adelman Naro. Rick lost his son, R.J., in a car accident in 2018.