Karl-Anthony Towns Net Worth

What is Karl-Anthony Towns' Net Worth?

Karl-Anthony Towns is a Dominican American professional basketball player who has a net worth of $70 million. Karl-Anthony Towns was born in Edison, New Jersey in November 1995. He is a 7'0″ center who played for St. Joseph High School where he was the Gatorade National Player of the Year, a Parade All-American, and a McDonald's All-American in 2014. Karl Anthony Towns played his college basketball for Kentucky where he was named SEC Freshman of the Year, first-team All-SEC, and a consensus second-team All-American in 2015. He was drafted #1 overall by the Minnesota Timberwolves in the 2015 NBA Draft. Karl Anthony Towns was named to the NBA All-Rookie Team in 2016 and was NBA Rookie of the Year. In 2018 he was All-NBA Third Team and he was an NBA All-Star in 2018 and 2019. He signed a rookie scale contract in 2015.

Contracts, Career Earnings and Salary

Karl-Anthony Towns is one of the highest-paid players in the NBA, and his 2022 supermax extension solidifies his financial security for the foreseeable future. By the time he's done with the supermax contract he will have earned close to $400 million in NBA salary. Below is a summary of his most notable contracts:

• He signed a 4-year, $25 million rookie contract in 2015. The first two years were guaranteed for $11.6 million, with the remaining two being a club option.
• In 2018 he signed a 5-year $158 million extension.
• In July 2022 he signed a 4-year $224 million extension that began in the 2024 season. His annual salary with the extension will average $56.05 million, one of the highest in the league. There's also a player option for the final year in 2027-28.