Shaquille O’Neal won nearly $ 300 million in the NBA but doesn’t want his wealth or stats remembered


When Shaquille O’Neal retired from the NBA in the spring of 2011, he had everything a basketball player could have imagined – and remember, it happened. before he started doing insurance commercials for The General.

O’Neal has won four championships, won all-star honors 15 times, and earned nearly $ 300 million over a long and successful career. Yet when he’s long gone, the basketball legend doesn’t want you to focus solely on what’s on his Basketball-Reference page.

Shaquille O’Neal doesn’t want his wealth or stats remembered

NBA legend Shaquille O’Neal would rather have his personality remembered than what he did on the basketball court | Mike Ehrmann / Getty Images

First pick in the 1992 NBA Draft, O’Neal more than lived up to expectations over the next two decades. His success on the court and charming personality have made him a hit with fans and an eternal All-NBA center.

Generations of basketball fans will naturally remember him for these moments. There will be another generation who, while they might not be old enough to see their glory days alongside Kobe Bryant on the Los Angeles Lakers, will still cherish their commentary on TNT. Inside the NBA.

In a March 2021 interview with ThoughtEconomics, O’Neal made it clear that he doesn’t want people to know him for chips on a resume.

“I want people to say ‘Shaquille O’Neal was a nice guy.’ … Forget how much money I won, forget how many championships I won, or what kind of businessman I am, I just want people to say I was a nice guy.

We have reason to believe people will continue to say that O’Neal is one of the greatest basketball players of all time and that he did a great job selling low rate auto insurance. . That said, we love the thought of O’Neal here.

O’Neal wisely invested his $ 300 million in profits

When O’Neal made those comments, he understandably referred to his career earnings – Basketball-Reference valued that total at over $ 292 million – and his five championships.

You may have also noticed that O’Neal mentioned his reputation as a businessman. Over the years he has made significant investments in Lyft, Ring (a home security systems company) and Vitaminwater.

In 2013, O’Neal bought a minority stake – reports put it between 2-4% – in the Sacramento Kings. Its championship pedigree hasn’t helped the Kings, a team that hasn’t made it to the NBA Playoffs since 2006.

According to the Sacramento Business Journal, he agreed to sell his stake in August 2021 because he is now involved in WynnBet, a mobile sports betting app. Although the NBA has passed the legalization of sports games of chance, league governors are prohibited from having any ties to businesses related to gambling.

O’Neal was far from the first professional athlete, retired or active, to hold an interest in a North American sports franchise. From the way things look now, this is a trend that is not going to go away any time soon.

Milwaukee Bucks star Giannis Antetokounmpo recently bought a minority stake in Milwaukee Brewers. LeBron James became part owner of the Boston Red Sox earlier this year. In 2011, James broadened his horizons abroad and bought a stake in Liverpool FC

Dwayne Wade, O’Neal’s former Miami Heat teammate, bought a stake in Utah Jazz. Michael Jordan bought the then Charlotte Bobcats in 2010, although they have yet to win a playoff series with him in charge.

Elsewhere in the sport, Kansas City Chiefs quarterback Patrick Mahomes has stakes in the Kansas City Royals and Sporting KC, a soccer team. Former New York Yankees star Alex Rodriguez is part of a group that now owns the Minnesota Timberwolves. His former teammate, Derek Jeter, is the CEO and co-owner of the Miami Marlins.

Everyone should hope to be more successful as owners than O’Neal. In his eight seasons as a minority owner, the O’Neal Kings have never won more than 39 games in a season before selling his stake, meaning they will be the NBA Finals champions. next year. We know how it works.

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