How much is Spencer Haywood’s Net Worth, Biography | Career | Family and lot more

How much is Spencer Haywood’s Net Worth

How much is Spencer Haywood’s Net Worth, Career Earnings and Salary? Spencer Haywood net worth is $3 million  American retired professional basketball player. Spencer Haywood was a basketball player in the National Basketball Association from 1969 to 1983. He was a member of the Seattle SuperSonics, New York Knicks, Los Angeles Lakers, and Washington Bullets, among others.

Haywood won a gold medal with the United States men’s national basketball team at the 1968 Summer Olympics in Mexico City before joining the NBA. Haywood won the NBA title in 1980 and was named the ABA MVP in 1970. He was an NBA All-Star four times, an ABA All-Star, and the All-Star Game MVP.

He received numerous other honors, including having his number 24 retired by the Seattle SuperSonics and being a member of the Basketball Hall of Fame. Spencer earned around $350,000 per season at the peak of his career, which equates to about $1.5 million today. Spencer is also well-known for his marriage to supermodel Iman from 1977 to 1987. They had one child together.

 

Biography of Spencer Haywood

Spencer Haywood, an unknown star, was born on April 22, 1949, in Silver City, Mississippi, USA, as the eighth of ten children to a single mother, Eunice Haywood, after his father died three weeks earlier. This family lived in abject poverty, frequently stealing clothes from nearby dumps and subsisting on government rations.

His mother worked as a cotton picker since she was three years old, earning $2 per day. Spencer once said that their family bond was the strongest. The story of shooting hoops begins with Haywood’s mother sewing a basketball out of a croaker sack and rags.

When he was thirteen, a Black Coach named Charles Wilson recruited him to play basketball on his first day at McNair High School. In 1967, he assisted Pershing High School in winning the Michigan Class A championship.

Now, this unstoppable man went to Trinidad State Junior College, where his play landed him a spot on the 1968 United States Olympic basketball team. He was the youngest player in Olympic history to be offered a spot on the roll (he was 19 at the time), and he led his army to 145 points.

Date of Birth April 22, 1949
Age 73 Years, 2 Months, 22 Days
Place of Birth Mississippi
Country United States
Gander Male
Profession Basketball Player
Horoscope Taurus
Social media InstagramTwitterIMDB

 

Private Life

In 1977, he married Iman, a fashion model, and they had a daughter named Zulekha Haywood. This bond did not last long, and it was terminated in 1987. In 1990, he remarried Linda Haywood, with whom he has three children: Shaakira Haywood, Isis Haywood, and Courtney Nikkiah Haywood.

Spouse Linda Haywood, Iman
Children(s) Zulekha Haywood, Shaakira Haywood, Isis Haywood, Courtney Nikkiah Haywood

 

Spencer Haywood’s Childhood and Professional Life

Spencer Haywood was born in Silver City, Mississippi on April 22, 1949. He moved to Detroit, Michigan in 1964 and attended Pershing High School, where he led the school’s basketball team to the state championship. He attended Trinidad State Junior College in Trinidad, Colorado, after finishing high school.

Haywood began his career with the USA Olympic Basketball team in 1968, when he was the leading scorer on the gold medal-winning team. He transferred to the University of Detroit and was the NCAA’s leader.

While finishing his studies, he joined the Denver Rockets of the ABA. Prior to joining the NBA in 1970, he appeared in four NBA All-Star Games, including a strong 23 point 11 rebound performance in 1974. He was named to the NBA first team in 1972-1973, and this year he averaged 29.2 points and 13.4 rebounds per game. He was also named to the NBA Second Team in 1974-1975.

In the NBA, he played forward/center for the New York Knicks from 1975 to 1979, the New Orleans Jazz from 1979 to 1980, the Los Angeles Lakers from 1979 to 1980, and the Washington Bullets from 1981 to 1983. In a halftime ceremony on February 26, 2007, he announced his retirement from the SuperSonics.

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Spencer Haywood Career

He has taken part in the activities listed below:

Denver Rockets of ABA 1969 to 1970
Seattle SuperSonics 1970 to 1975
New York Knicks 1975 to 1979
New Orleans Jazz 1979
Los Angeles Lakers 1979 to 1980
Rayer Venezia 1980 to 1981
NBA’s Washington Bullets 1981 to 1983

The Buffalo Braves selected him 30th overall in the 1971 NBA Draft. He won the NBA title in 1980. In 1970, he was also the American Basketball Association’s most valuable player. He was an NBA “All-Star” four times, an ABA “All-Star” once, and the All-Star Game MVP once. In 1968, he won a gold medal at the Olympic Games in Mexico City. In 2017, the Seattle SuperSonic retired his #24 jersey. He was named “Rookie of the Year” as well.

The Buffalo Braves selected him 30th overall in the 1971 NBA Draft. He won the NBA title in 1980. In 1970, he was also the American Basketball Association’s most valuable player. He was an NBA “All-Star” four times, an ABA “All-Star” once, and the All-Star Game MVP once. In 1968, he won a gold medal at the Olympic Games in Mexico City. In 2017, the Seattle SuperSonic retired his #24 jersey. He was named “Rookie of the Year” as well.

 

Nike Partnership

Spencer was approached early in his playing career by a young upstart shoe company called Nike who wanted him to endorse their product. Spencer was given the option of either $100,000 (approximately $500k in today’s money) or a 10% stake in the company. Spencer, sadly, chose the $100k. If he had accepted the equity offer, his net worth today would be far greater than $10 billion (including dividends).

 

Summer Olympics of 1968

Haywood was selected to the United States men’s national basketball team for the 1968 Summer Olympics in Mexico City while still in college. Not only was he the tournament’s youngest player, but he was also its leading scorer, averaging 16.1 points per game. He won a gold medal with his team.

 

The Rockets of Denver

Haywood decided to go pro after his sophomore year of college. However, NBA rules at the time prohibited this because a player had to complete a class before joining the league. As a result, Haywood joined the Denver Rockets of the ABA.

He averaged 30 points and 19.5 rebounds per game in his rookie season with the Rockets in 1969-70, leading the team to the ABA’s Western Division title. The Rockets advanced to the division semifinals by defeating the Washington Capitals in seven games. The team ultimately lost in the division finals to the Los Angeles Stars.

Despite the final loss, Haywood had an outstanding season, setting ABA single-season records with 986 field goals and 1,637 rebounds. He was named ABA Rookie of the Year and ABA MVP for his achievements.

 

NBA Profession

Haywood joined the Seattle SuperSonics of the National Basketball Association in 1970. During his five-year career with the team, he was named to the All-NBA First Team in 1972 and 1973, and the All-NBA Second Team in 1974 and 1975, among other honors. Haywood also set a new single-season franchise record with 29.2 points per game in 1972-73.

He set a new single-season franchise record for rebounds the following season, with an average of 13.4 per game. Haywood helped lead the SuperSonics to their first-ever playoff berth in his final season with the team, 1974-75. During his time in Seattle, he also appeared in four NBA All-Star games.

Haywood was traded to the New York Knicks after five seasons with the SuperSonics, where he played from 1975 to 1979. He was notable for his work with Bob McAdoo. Haywood then briefly played for the New Orleans Jazz. Following that, he spent the 1979-80 season with the Los Angeles Lakers.

Haywood was struggling with a cocaine addiction at the time. He was let go by the Lakers during the 1980 NBA Finals after falling asleep during practice. Haywood’s NBA career ended with the Washington Bullets, where he played from 1981 to 1983.

 

Assets of Spencer Haywood

Despite numerous accolades and records, Haywood’s career was not without challenges. Nike, a young upstart shoe company, approached Spencer with an enticing offer. Haywood had two options: a $100,000 cash payment or 10% ownership of the company. One would undoubtedly choose 10%, but Haywood chose $100,000. He was the first NBA player to sign a shoe deal with Nike, which was historic.

Haywood could have become one of the wealthiest men in the world if he had accepted a 10% offer, which would have been worth $8.6 billion today, but who could have predicted in 1971 that Nike would become such an incredible company?

In 2015, he was inducted into the Naismith Memorial Basketball Hall of Fame, which will always be mentioned when he is introduced or remembered.

Reyer Venezia

Between stints with the Lakers and the Bullets, Haywood spent the 1980-81 season with the Italian professional basketball club Reyer Venezia. He shared the field with Serbian player Draen Dalipagi, one of Yugoslavia’s most successful athletes.

 

National Basketball Association vs. Haywood

When Haywood signed with the Seattle SuperSonics in 1969, he and the team broke an NBA rule that stated that a player could not enter the league if he was less than four years out of high school. Faced with dire consequences, Haywood decided to challenge the NBA’s rules by filing an antitrust lawsuit against the league alongside SuperSonics owner Sam Schulman.

According to the Sherman Antitrust Act, the policy constituted a trade restraint and was thus illegal. The case went all the way to the Supreme Court, which upheld the injunction issued earlier by the US District Court for the Central District of California in Haywood’s favor.

Following this, Haywood and the SuperSonics reached an out-of-court settlement, allowing him to continue playing in the league.

 

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