One of the finest American professional basketball executive Pat Riley is also known for his skills as a coach and a basketball player in NBA. The greatest NBA coach of all time Pat As a coach, he has five championships to his name. Let’s find out more about how much is Pat Riley’s net worth in 2019.
Pat Riley was born on 20th March 1945 in Rome, New York. Riley participated in both basketball and football while he was a student at the University of Kentucky. He started playing professionally for Los Angeles Lakers and San Diego Rockets. His great efforts made Los Angeles Lakers won the NBA title in 1972. He retired from professional basketball in 1976.
For his club Los Angeles Lakers, Pat returned to be their assistant coach in 1980 and later became their head coach. As a head coach at Los Angeles Lakers, Pat lead them to step in NBA finals 3 times 1983, 1984, and 1986. They were champions in 1982, 1985, 1987, and 1988 under his coaching with some amazing talents like Kareem Abdul-Jabbar and Magic Johnson in the team.
He is accused of mistreatment with players and with anger problems in 1990, which led to his stepping down as the head coach of Los Angeles Lakers. With all this going around, he was still named the NBA Coach of the Year in the same year. Pat did a bit of commentary after that for NBC but was chosen to become the head coach of New York Knicks very soon in 1991. In 1993, he again won the NBA Coach of the Year Award and in the very next year, he took the team to the NBA Finals of 1994.
Awards & Achievements
This talented coach got some awards for his coaching skills as well as an executive. He got the NBA Coach of the Year Award three times in 1990, 1993, and 1997. In the year 2011, he got the NBA Executive of the Year Award.
Net Worth of Pat Riley
Along with the respect, Pat earned a lot of money in his career too. He earned from the contract that made him the president, coach, and part-owner of the Miami Heat $40,000,000. The value of his Apogee condominium in Apogee, Miami Beach is around $11,750,000 and his Coral Gables estate is $16,750,000. He earned from speaking engagement during the off-season of the NBA around $50,000. Right now, the estimated net worth of Pat Riley is $80 million.
After resigning from Knicks in 1995, Pat became the president of Miami Heat and also their head coach. He won his 1997 best coach award with them. He stepped down from coaching after that and concentrated more on executive duties. But he returned in 2006 to coaching and again won a championship, his fifth one.
Finally, he retired from coaching in 2008 but was associated with Miami Heat as their president. In that era, when he acquired LeBron James and Dwayne Wade, Miami Heat went on to step in 4 consecutive finals and winning 2 of them. In the year 1996, he was named among the top 10 greatest coaches ever in NBA history.