Julius Erving’s Net Worth
Julius Winfield Erving II was born on February 22, 1950, in Nassau County, New York, United States. His faith is very important to him because he was raised in a Catholic family. He participated in basketball for the Roosevelt High School team before joining the UMass Minutemen basketball team, representing the University of Massachusetts in Amherst from 1968 to 1971.
After graduating from college, Julius Winfield began his professional job, opening his net worth account in the process. His height and weight put him in the guard or forward positions; he was 201 cm tall and 91 kg. The Milwaukee Bucks chose him with the 12th overall choice in the first round of the 1972 NBA Draft; however, he was traded to the Virginia Squires, where he played from 1971 to 1973. Julius played with the New York Nets from 1973 to 1976 and for the Philadelphia 76ers from 1976 to 1987. At the height of his career, Julius averaged 31.9 points and 42.2 minutes each game. These amazing accomplishments significantly increased Winfield’s popularity and net worth.
Throughout his whole career, Julius’s wealth climbed with each honor or award. His career highlights and honors include the J. Walter Kennedy Citizenship Award (1983), three NBA All-Star selections, eleven NBA First Team selections, the ABA Most Valuable Player award, and a long list of additional accolades. He was also added to the lists of career steals leaders, block leaders, playoff scoring leaders, steals leaders, blocks leaders, and turnover leaders for the National Basketball Association. These statistics demonstrate Winfield’s excellence as a player throughout history.
Julius Erving’s Net Worth
American basketball player Julius Erving, who is now an entrepreneur, has a net worth of $50 million. Julius Erving, often known as “Dr. J,” became well-known and wealthy in the NBA by inventing the contemporary leaping “slam dunk” play over the rim. He started a very lucrative business and endorsement career after leaving the NBA.
Business Ventures and Endorsements
After the ABA and NBA merged in 1976, Julius reportedly signed what is thought to be the first endorsement deal for basketball shoes. The contract paid a then-unprecedented $20,000 per year. After accounting for inflation, that amounts to $90,000 annually in today’s dollars. He made $100,000 from Converse by the middle of the 1980s, equivalent to $250,000 today. This proved crucial when Michael Jordan was about to enter the NBA in 1984 as a rookie. Jordan wanted to continue wearing Converse in the pros because he had won them throughout college and at UNC. Legend has it that Converse passed on Michael because his salary demands were higher than those of Dr. J and Larry Bird at the time. Converse wanted Jordan, but they wouldn’t have been able to convince Bird and Erving that they were getting rises to match this new rookie’s pay or that they were now making less than them.
Speaking of Dr. J and Larry Bird, they gave Electronic Arts permission to use their names and images to create the computer game “Dr. J vs. Larry Bird” in 1983. EA made a $25,000 cash offer to the couple or 20,000 stock options with a $1 purchase price. Bird accepted the money, which is now equivalent to $65,000. Erving selected his options. In 1989, EA went public. The shares had a million-dollar value by the mid-1990s.
Julius invested in a Philadelphia bottling business when his NBA career was over. For twenty years, he held the bulk of the stock in this company.
In 2016, Julius sold Authentic Brands Group the life rights to the name “Dr. J.” (ABG). He earned an upfront buyout and a specified amount in royalties as part of the agreement. ABG owns the likeness and name rights to many celebrities, notably dead ones like Elvis, Marilyn Monroe, and Muhammad Ali.
Julius Erving’s marriage life
Turquoise Erving and Julius Erving got married in 1972. The family has four kids. But the pair got a divorce in 2003. Julius was romantically involved with Samantha Stevenson in 1979. They have a daughter out of wedlock., the famous tennis player Alexandra Stevenson. Erving has been dating Dorys Madden since the year 2003. They were married in 2008 and had three kids together.
Julius Erving Achievements
- NBA champion (1983)
- 2 × ABA Champion (1974,76)
- NBA MVP (1981)
- 3 × ABA MVP (1974-76)
- 11× NBA All-Star (1977-87 )
- 2 NBA All-Star Game MVP (1977,83))
- 5× All-NBA First Team (1978, 1980-83)
- 2× All-NBA Second Team (1977, 84)
- 5 × ABA All Star (1972-76)
- ABA Slam Dunk Champion (1976)
- 3 × ABA Scoring Champion (1973, 74, 76)
- 4 × All ABA First Team (1973-76)
- All ABA Second Team (1972)
- All ABA Defensive First Team (1976)
- J. Walter Kennedy Citizenship (1983)
- Naismith Memorial Basketball Hall of Fame