Robert Reid is the late former Houston Rockets NBA great. He accumulated a sizable net worth throughout his basketball career. Naturally, his success as a sports star in the late 1970s and 1980s contributed significantly to his tremendous income. Robert Reid was an American basketball player who mostly played for the Houston Rockets in the late 1970s and 1980s. In his NBA career, he scored 10,448 points, pulled down 4,168 rebounds, and assisted 2,500 times.
Robert Reid’s Net Worth Before Death
The former basketball player spent almost 15 years in the NBA. As a result, his stay in one of the most profitable sports leagues increased his entire value. The Houston Rockets chose him in the second round of the 1977 NBA Draft. However, specifics of his rookie contract remain unavailable. In the late 1970s, the NBA environment was not contemporary, and player wages were far lower than they are now. Contract specifics were likewise less widely disseminated than they are today.
So we may anticipate that his first contract will be approximately $100,000 or less. Robert would stay with the Houston Rockets for more than ten years. From 1985 until 1988, he made more than $400,000 each year, adding extra incentives. This peaked in the 1987-88 season, when he earned $450,000. Following that, Reid signed with the Charlotte Hornets. The Hornets gave him the highest salary of his career, $475,000, for the year he played in Charlotte.
In 1991, he signed another one-year contract with the Philadelphia 76ers at $130,000 per year. These amounts may seem low, but it is important to remember that the NBA was not as profitable back then. Furthermore, even though the compensation was modest in absolute terms, they were seen as substantial during a period when the league’s popularity and financial standing expanded. To conclude, Robert Reid’s NBA career was successful in terms of both awards and financial stability.
His Earnings Outside the NBA
The Houston Rockets great spent part of his athletic career in the Continental Basketball Association (CBA). He played for the Tulsa Fast Breakers and the Tri-City Chinooks. Although his riches pale in comparison to the NBA, playing in the CBA helped him improve his overall situation. In addition, Robert began teaching and training, passing on his expertise in the sport to the next generation.
In future years, Reid held basketball seminars for potential players in a variety of countries, including India. The former Rockets star’s net worth was estimated to be in the $1 million to $2 million. Overall, his NBA earnings make up a sizable portion of his riches, supplemented by his CBA career and coaching enterprise.
Robert Reid Died at the Age of 68
In tragic news, one of the NBA’s most recognizable icons, Robert Reid, died at the age of 68 in February 2024. Reid later died at home in Houston after receiving cancer treatment, according to the Houston Chronicle. Following his death, social media was flooded with postings paying honor to the great. Tilman Fertitta, the owner of the Houston Rockets, sent a heartfelt statement to commemorate his wonderful life.
“I’ve had the pleasure of knowing Robert for over 40 years, and he always brought excitement and brightness into whatever place he visited. Robert’s departure will be felt strongly, and he will be lovingly remembered.”
Undoubtedly, Robert Reid leaves a vacuum that will be tough to replace for basketball fans throughout the world.
