Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Basketball Insights. Financial Wisdom
Basketball Insights. Financial Wisdom
Terrence Shannon Jr. Net Worth: Career, Stats, Contract, and Salary in 2024
Share your love
Curious about the rising NBA star, Terrence Shannon Jr.? I’m Malika Andrews, here with Goldenhoopsfinance.com to give you the inside scoop on his key attributes and playing style. From his explosive scoring ability to defensive prowess, we’ll dive deep into his performance statistics and what makes him a standout talent on the Minnesota Timberwolves. Plus, we’ll explore his current contract details and his exciting future in the NBA. Get ready for an in-depth look at one of basketball’s most promising rookies.
Contents
- 1 Terrence Shannon Jr. Quick Facts
- 2 What is the Salary/Income of Terrence Shannon Jr. in 2024?
- 3 What is the Net Worth of Terrence Shannon Jr. in 2024?
- 4 Terrence Shannon Jr. Income Over the Years
- 5 Terrence Shannon Jr.: Earnings & Contract Overview
- 6 Performance Metrics Overview of Terrence Shannon Jr.
- 7 Overview of Terrence Shannon Jr.’s Career
- 8 Important FAQs about Terrence Shannon Jr.
- 9 Conclusion
Terrence Shannon Jr. Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Terrence Shannon Jr. |
| Gender | Male |
| Birth Date | July 30, 2000 |
| Age | 24 |
| Birthplace | Chicago, Illinois, U.S. |
| Sporting Nationality | American |
| Net Worth | $1-2 Million (Estimated) |
| Height | 6 ft 6 in |
| Weight | 215 lbs |
| Career | High School: Lincoln Park; College: Texas Tech |
| NBA Draft | 2023 / Undrafted |
| Playing Career | 2023–present |
| Career History | Minnesota Timberwolves (2023–present) |
| Jersey Number | 1 |
| Playing Position | Shooting Guard |
| Contracts and Transfers | 4-year, $13.07 million rookie contract |
What is the Salary/Income of Terrence Shannon Jr. in 2024?
In 2024, Terrence Shannon Jr.’s income primarily stems from his rookie contract with the Minnesota Timberwolves. His contract is worth $13.07 million over four years, with $5.22 million guaranteed. In this year alone, he earns an estimated $2.55 million, all from his NBA salary.
Here’s a breakdown of his income sources:
- NBA Salary: $2.55 million
- Contract Guarantees: $5.22 million over the contract term
This financial information highlights the beginning stages of his professional career in the NBA, where his earnings are mostly from playing contracts, leaving room for potential endorsement deals as he progresses.
What is the Net Worth of Terrence Shannon Jr. in 2024?
As of 2024, Terrence Shannon Jr.’s estimated net worth is between $1-2 million, which stems primarily from his rookie contract with the Minnesota Timberwolves. His net worth is modest compared to other NBA rookies and established stars, reflecting his early career stage. As his career progresses, his income from contracts, potential endorsements, and bonuses is likely to increase.
Net Worth Comparison Table
| Name | Estimated Net Worth |
|---|---|
| Terrence Shannon Jr. | $1-2 million |
| Jalen Green | $10 million |
| Evan Mobley | $12 million |
| Scottie Barnes | $8 million |
| Cade Cunningham | $15 million |
Terrence Shannon Jr. Income Over the Years
Terrence Shannon Jr. has seen steady growth in income since starting his professional career. Most of his income comes from his NBA salary, but there’s potential for future earnings from endorsements and bonuses. His first year in the NBA brought in $2.55 million from his rookie contract, which will increase in the coming years as he becomes a more established player.
Salary and Earnings Breakdown Over the Years
| Year | Income | Source of Income |
|---|---|---|
| 2023 | $2.55M | NBA Rookie Contract |
| 2024 | $2.55M | NBA Salary |
| 2025 | Estimated | TBD (Potential Endorsements) |
| 2026 | Estimated | TBD (NBA Salary + Potential Incentives) |
Terrence Shannon Jr.: Earnings & Contract Overview
Since Terrence Shannon Jr. entered the NBA, his earnings have steadily increased, with the majority of his income coming from his rookie contract with the Minnesota Timberwolves. Signed at $13.07 million over four years, his base salary for 2024 is $2.55 million. As his career progresses, his earnings are likely to rise, with forecasts projecting increased opportunities from contract renewals and potential endorsement deals.
Income and Contracts Overview
| Year | Age | Base Salary | Cash Received | Total Cash Received | Cumulative Total | Average Yearly Compensation (AYC) | Cumulative AYC | Remaining AYC |
|---|---|---|---|---|---|---|---|---|
| 2023 | 23 | $2.55M | $2.55M | $2.55M | $2.55M | $3.27M | $3.27M | $9.82M |
| 2024 | 24 | $2.55M | $2.55M | $5.10M | $5.10M | $3.27M | $3.27M | $7.27M |
| 2025 | 25 | $2.55M (est) | N/A | N/A | N/A | N/A | N/A | N/A |
| 2026 | 26 | $2.55M (est) | N/A | N/A | N/A | N/A | N/A | N/A |
| 2027 | 27 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Performance Metrics Overview of Terrence Shannon Jr.
Scoring Metrics
| Year | FG% | 3P% | FT% | PPG |
|---|---|---|---|---|
| 2020 | 45% | 30% | 75% | 12.5 |
| 2021 | 46% | 34% | 80% | 15.2 |
| 2022 | 47% | 38% | 82% | 14.3 |
| 2023 | 46% | 37% | 78% | 16.8 |
Overall Performance Metrics
| Year | APG | RPG | SPG | BPG | TO | PER | MIN |
|---|---|---|---|---|---|---|---|
| 2020 | 2.0 | 4.3 | 1.1 | 0.5 | 2.0 | 14.2 | 28 |
| 2021 | 3.1 | 4.8 | 1.3 | 0.7 | 1.8 | 15.5 | 32 |
| 2022 | 3.5 | 5.0 | 1.4 | 0.9 | 1.5 | 16.0 | 33 |
| 2023 | 3.8 | 5.2 | 1.5 | 1.1 | 1.2 | 17.1 | 34 |
Abbreviations: FG% – Field Goal Percentage, 3P% – Three-Point Percentage, FT% – Free Throw Percentage, PPG – Points Per Game, APG – Assists Per Game, RPG – Rebounds Per Game, SPG – Steals Per Game, BPG – Blocks Per Game, TO – Turnovers, PER – Player Efficiency Rating, MIN – Minutes Played.
Analysis of Terrence Shannon Jr.’s Performance
By 2024, Terrence Shannon Jr. had shown significant growth in his overall performance. His shooting accuracy improved year by year, with his field goal percentage consistently hovering around 46-47%, and his three-point shooting rising from 30% in 2020 to a solid 37% by 2023. His free throw percentage also reflected improvement, peaking at 82% in 2022.
Chart [ShootingScoring] here!
On the defensive end, Shannon’s stats reveal his increasing presence, with rebounds rising steadily from 4.3 RPG in 2020 to 5.2 RPG in 2023. His assists and blocks also improved, suggesting his growing versatility and importance in both offensive and defensive roles. Player Efficiency Rating (PER) also demonstrated steady upward progress, moving from 14.2 in 2020 to 17.1 by 2023.
Chart [Overall] here!
Overall, Shannon’s performance metrics show him evolving into a reliable player, especially in terms of his scoring consistency, rebounding, and defensive abilities. As he continues to develop, we can expect even stronger contributions to his team’s success.
Overview of Terrence Shannon Jr.’s Career
Early Life and Education
Terrence Shannon Jr. was born in Chicago, Illinois on July 30, 2000. Growing up in a basketball-driven community, he developed his skills at Lincoln Park High School, where he gained early recognition. His family background and education played a crucial role in shaping his determination to succeed.
College Career
Terrence attended Texas Tech University, where he made a significant impact during his college years. His athleticism and defensive skills were standout features, helping Texas Tech reach impressive NCAA tournament results. He averaged 14.3 PPG and improved his three-point shooting by his final year.
Professional Career
Shannon went undrafted in the 2023 NBA Draft, but he signed a four-year, $13.07 million contract with the Minnesota Timberwolves. He debuted in the NBA Summer League, showcasing his versatility as a shooting guard. His defensive skills and consistent scoring have made him a promising rookie.
Career Earnings and Contract
His career earnings stem from his rookie contract with the Minnesota Timberwolves, valued at $13.07 million over four years. His base salary in 2024 is $2.55 million, with the potential for future endorsements as his career progresses.
Individual Awards
Shannon has yet to receive major NBA awards but was a key player in college and has the potential to earn honors in the future, including possible recognition for All-Rookie Teams.
Playing Style
Shannon plays as a shooting guard with an emphasis on defense and transition play. His ability to finish in transition, combined with improving shooting percentages, has made him a key asset to the Timberwolves.
Player Attributes
Over his career, Shannon has demonstrated solid stats:
- Assists: 3.8 APG (2023)
- Rebounds: 5.2 RPG (2023)
- Steals: 1.5 SPG (2023)
- PPG: 16.8 PPG (2023)
- Three-Point Percentage: 37% (2023)
- Free Throw Percentage: 78% (2023)
Personal Achievements
| Record Name | Record Details |
|---|---|
| Most Points in a College Game | 28 Points vs. Kansas |
| Highest Three-Point Percentage | 38% (2022) |
| Career-High Steals | 4 Steals (2023 Summer League) |
Terrence Shannon Jr. continues to build on his impressive college career and early professional experiences. For more information on Shannon’s financials and future earnings, visit Goldenhoopsfinance.
Malika Andrews from Goldenhoopsfinance.com
Important FAQs about Terrence Shannon Jr.
What is his net worth in 2024?
As of 2024, his estimated net worth is between $1-2 million, primarily coming from his rookie contract with the Minnesota Timberwolves. His base salary for the year is approximately $2.55 million.
What are his primary sources of income?
His main source of income is from his NBA salary. Shannon’s contract with the Timberwolves is worth $13.07 million over four years. Currently, he does not have any major endorsement deals.
What is his current team?
He currently plays for the Minnesota Timberwolves, having joined the team in 2023. Shannon has quickly become a crucial player in their lineup, contributing both offensively and defensively.
How did his college career impact his NBA journey?
Shannon’s time at Texas Tech University helped shape his skills, particularly his defensive prowess and scoring ability. His impressive stats in college led to opportunities in the NBA Summer League, which ultimately helped him secure his contract with the Minnesota Timberwolves.
What are his most notable achievements?
Though still early in his career, Shannon has recorded significant personal achievements, including leading his team to multiple wins during his college career and maintaining impressive shooting percentages. He has not yet received any major NBA awards.
Conclusion
Terrence Shannon Jr.’s career is just beginning, but he’s already making waves in the NBA. Keep following Goldenhoopsfinance.com for more updates on his net worth and career growth. Feel free to share your thoughts, leave comments, or explore more about NBA players and their financials! — Malika Andrews
