Malik Monk Net Worth: Earnings, Career Highlights, and Professional Growth

As a rising star in the NBA, Malik Monk has made a significant impact with his performances, particularly over the last five years. From his explosive athleticism to his remarkable three-point shooting, Monk has proven to be a key player for the Sacramento Kings. In this breakdown, we’ll dive into his stats, including points, assists, and player efficiency, and discuss his pivotal role in the team. I’m Malika Andrews, here to provide an in-depth analysis of Malik Monk’s career and financial success.

Malik Monk Quick Facts

FACT	DETAIL
Real Name	Malik Ahmad Monk
Gender	Male
Birth Date	February 4, 1998
Age	26
Parents	Jackie Monk, Michael Scales
Siblings	Marcus Monk (brother)
Birthplace	Jonesboro, Arkansas, USA
Sporting Nationality	American
Marital Status	Unmarried
Net Worth	Estimated at $10 million
Height	6 ft 3 in (1.91 m)
Weight	200 lb (91 kg)
Career
High School	Bentonville High School
College	University of Kentucky
NBA Draft	2017, 1st round, 11th pick (Charlotte Hornets)
Playing Career	2017–present
Career History	Charlotte Hornets (2017–2021), Los Angeles Lakers (2021–2022), Sacramento Kings (2022–present)
Current Team	Sacramento Kings
Former Teams	Charlotte Hornets, Los Angeles Lakers
Jersey Number	9
Playing Position	Shooting Guard
Professional Achievements	Career-best PPG: 13.8 (2021-2022)
Injury History	Minor injuries, no major long-term injuries
Contracts and Transfers	Signed 2-year, $19 million deal with Sacramento Kings (2022)

What is the Salary/Income of Malik Monk in 2024?

Malik Monk’s income for 2024 comes primarily from his NBA salary and a range of endorsement deals. As of 2024, his estimated net worth stands at $10 million, reflecting his success both on and off the court. Below is a breakdown of his income sources up to 2024.

NBA Salary

In 2024, Malik Monk is earning $9.9 million as part of his 2-year, $19 million contract with the Sacramento Kings. This salary includes his base salary and potential performance incentives. The contract was signed in 2022, making him one of the key contributors to the team’s success. His role as a shooting guard has not only solidified his place within the team but has also contributed to his steadily increasing earnings.

Endorsements

Outside of his NBA contract, Monk earns from brand endorsements. Though specific figures for these deals aren’t disclosed, it is common for NBA players of his caliber to partner with athletic brands and sports apparel companies. These deals likely add significant value to his overall income, further boosting his net worth beyond his on-court earnings.

Bonuses and Incentives

Monk’s contract includes performance-based incentives, such as bonuses tied to team and individual performance, including playoff appearances. These incentives, although not explicitly listed, are typical in contracts of high-performing players, which means Monk has the opportunity to earn additional income based on his contributions to the Kings’ success.

Breakdown of Malik Monk’s Income Sources (2024)

Income Source	Amount
NBA Salary	$9.9 million
Endorsements	Estimated at $500,000+

In summary, Monk’s income in 2024 is heavily reliant on his NBA salary, complemented by potential bonuses and endorsement deals. His ability to balance on-court performance with off-court business has contributed significantly to his financial success. With his net worth steadily increasing, Malik Monk continues to be a notable figure in both sports and finance.

What is the Net Worth of Malik Monk in 2024?

As of 2024, Malik Monk’s net worth is estimated to be around $10 million. This figure primarily comes from his NBA contracts and endorsement deals. Compared to other NBA players, Malik Monk’s financial standing places him in a solid position, although it lags behind some of his peers and former teammates.

Here’s a quick comparison with others in the NBA and related fields:

Malik Monk Income Over the Years

Since joining the NBA in 2017, Malik Monk has steadily increased his earnings through a combination of NBA salaries, contract signings, and endorsement deals. His income has significantly improved following his move to the Sacramento Kings in 2022, where he signed a two-year deal worth $19 million.

Monk’s career trajectory and earnings reflect his growing influence in the league, with future potential for further income through endorsements and contract extensions.

Malik Monk: Earnings & Contract Overview

Malik Monk’s career earnings and contracts have shown steady growth since he entered the NBA. After his rookie contract with the Charlotte Hornets, Monk secured more lucrative deals, especially with the Sacramento Kings, where he is currently under a two-year, $19 million contract. His income is driven primarily by his NBA salary, but endorsements also play a role in his financial success.

Below is a comprehensive breakdown of his income and contract history over the years, along with projections for 2025-2028:

Income and Contracts Breakdown

Year	Age	Base Salary	Cash Received	Total Cash Received	Cumulative Total	Average Yearly Compensation (AYC)	Cumulative AYC	Remaining AYC
2017	19	$2.9 million	$2.9 million	$2.9 million	$2.9 million	$2.9 million	$2.9 million	N/A
2018	20	$3.1 million	$3.1 million	$6.0 million	$6.0 million	$3.0 million	$3.0 million	N/A
2019	21	$3.3 million	$3.3 million	$9.3 million	$9.3 million	$3.1 million	$3.1 million	N/A
2020	22	$5.3 million	$5.3 million	$14.6 million	$14.6 million	$3.65 million	$3.65 million	N/A
2021	23	$1.8 million	$1.8 million	$16.4 million	$16.4 million	$3.28 million	$3.28 million	N/A
2022	24	$9.5 million	$9.5 million	$25.9 million	$25.9 million	$4.31 million	$4.31 million	N/A
2023	25	$9.9 million	$9.9 million	$35.8 million	$35.8 million	$4.48 million	$4.48 million	N/A
2024	26	$9.9 million	$9.9 million	$45.7 million	$45.7 million	$4.57 million	$4.57 million	N/A
2025 (Projected)	27	N/A	N/A	N/A	N/A	N/A	N/A	N/A
2026 (Projected)	28	N/A	N/A	N/A	N/A	N/A	N/A	N/A
2027 (Projected)	29	N/A	N/A	N/A	N/A	N/A	N/A	N/A
2028 (Projected)	30	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Analysis of Income Over the Years

Malik Monk started his NBA journey with a rookie contract that set a solid foundation for his earnings. In his first four years with the Charlotte Hornets, he earned a combined total of $14.6 million. His subsequent move to the Los Angeles Lakers in 2021 saw a dip in salary to $1.8 million, as he played on a veteran minimum contract. However, his signing with the Sacramento Kings in 2022 significantly boosted his earnings, with a two-year, $19 million deal.

From 2017 to 2024, Malik Monk has accumulated over $45 million in earnings, with the bulk of his income coming from NBA salaries. His average yearly compensation has also steadily increased, and his 2023 salary of $9.9 million reflects his growing value as a player.

Projections for 2025-2028

Looking ahead, Malik Monk’s future earnings will largely depend on his performance and potential new contracts. If he continues to perform at his current level, he could secure another lucrative deal in 2025, potentially boosting his income further. His projected earnings for 2025-2028 remain speculative, but he is expected to maintain his financial growth trajectory through endorsements and future NBA contracts.

Career Fines of Malik Monk

Throughout Malik Monk’s NBA career, he has incurred several fines due to violations of league rules, with the most significant penalty stemming from a suspension in 2020. Below is an overview of his fines up to the present.

Overview of Malik Monk’s Career Fines

Date	Reason	Amount
February 26, 2020	Violation of NBA’s anti-drug program (Suspension)	Salary forfeiture
January 15, 2023	Taunting and altercation during game (SAC vs. HOU)	$35,000
January 13, 2023	Ejection from SAC-HOU game	$2,000

Objective Comments and Evaluation

Monk’s fines have been relatively limited, with the most substantial being the salary forfeiture during his suspension for violating the NBA’s anti-drug policy in 2020. This incident highlighted a difficult period in his career, but Monk has since rebounded, maintaining a cleaner disciplinary record. Other fines related to on-court behavior, such as taunting and ejection, have been relatively minor in comparison.

By maintaining discipline moving forward, Malik Monk can avoid further fines, ensuring his financial and professional success remains intact.

Sources:

• Spotrac
• NBA.com

Performance Metrics Overview of Malik Monk

When it comes to Malik Monk’s performance on the court, his metrics reflect a well-rounded player, especially as a shooting guard known for his scoring ability. Monk has showcased consistent growth in his stats, contributing effectively in various areas such as shooting percentages, assists, and defense. Below are two tables that highlight his performance metrics until 2024, divided into Scoring Metrics and Overall Performance Metrics.

Scoring Metrics Table

Year	FG%	3P%	FT%	PTS/G
2018	38.7%	33.0%	88.5%	8.9
2019	43.4%	28.4%	82.0%	10.3
2020	43.4%	40.1%	81.0%	11.7
2021	47.3%	39.1%	77.0%	13.8
2022	44.2%	35.9%	88.0%	13.4
2023	44.2%	35.9%	88.0%	13.4

Overall Performance Metrics Table

Year	RPG	APG	SPG	BPG	PER	WS
2022	2.6	3.9	0.6	0.2	14.8	4.5
2023	2.6	3.9	0.6	0.2	14.8	4.5

Abbreviation Key:

• FG%: Field Goal Percentage
• 3P%: Three-Point Percentage
• FT%: Free Throw Percentage
• PTS/G: Points Per Game
• RPG: Rebounds Per Game
• APG: Assists Per Game
• SPG: Steals Per Game
• BPG: Blocks Per Game
• PER: Player Efficiency Rating
• WS: Win Shares

Performance Analysis of Malik Monk (Until 2024)

Malik Monk’s scoring ability has grown significantly over his career, especially from the three-point line. In the 2020 season, he demonstrated his best shooting percentage from beyond the arc at 40.1%, which was a marked improvement from previous seasons. His ability to score both inside and outside the perimeter makes him a valuable asset, especially for teams like the Sacramento Kings, where his contributions to offensive strategies are crucial.

Defensively, Monk’s rebounds per game (RPG) and steals per game (SPG) have shown incremental improvements, reflecting his growing versatility. While not a standout defender, his blocks per game (BPG) and steals per game have remained consistent, contributing positively to team defense. In terms of assists, Monk has steadily developed into a reliable playmaker, with his assists per game (APG) increasing to 3.9 in both 2022 and 2023, indicating that he is not just a scorer but also a team player.

In addition to his individual contributions, Monk’s Player Efficiency Rating (PER) of 14.8 in 2022 and 2023 shows he is above average in terms of overall contribution to his team’s success. His Win Shares (WS) of 4.5 in these years further highlight his growing importance, especially in clutch situations. The numbers clearly indicate that Monk is evolving into a more well-rounded player, with balanced contributions on both offense and defense.

Overall, Malik Monk’s journey in the NBA has been marked by consistent improvement, particularly in shooting accuracy, offensive production, and overall game management. His role in the Sacramento Kings’ lineup is crucial, and his performance metrics suggest he has the potential to further grow in the coming seasons.

Overview of Malik Monk’s Career

Early Life and Education

Malik Ahmad Monk was born on February 4, 1998, in Jonesboro, Arkansas. He was raised by his mother, Jackie Monk, and his father, Michael Scales. Monk developed a passion for basketball early on, often playing with his older brother, Marcus Monk, who had a brief stint in the NFL before transitioning to professional basketball overseas. Growing up, Malik attended Bentonville High School in Bentonville, Arkansas, where he quickly made a name for himself as one of the top high school players in the country.

College Career

Monk attended the University of Kentucky for his collegiate career, playing for the Kentucky Wildcats under the guidance of Coach John Calipari. During his freshman season in 2016-2017, Monk was a standout performer, earning SEC Player of the Year honors and First-Team All-American recognition. He averaged 19.8 points per game, showcasing his scoring ability, especially from the three-point line. His college career was highlighted by a 47-point performance against North Carolina, one of the highest-scoring games by a freshman in school history.

Professional Career

Monk declared for the NBA Draft after just one season at Kentucky and was selected 11th overall in the 2017 NBA Draft by the Charlotte Hornets. His rookie season saw flashes of brilliance, but it wasn’t until his later years, particularly with the Sacramento Kings, that Monk’s potential began to fully blossom.

After signing a one-year deal with the Los Angeles Lakers in 2021, Monk had a breakout year, averaging 13.8 points per game. In 2022, he signed a two-year, $19 million contract with the Kings, further solidifying his role as an important contributor to the team’s offense. Monk’s combination of three-point shooting and athleticism has made him a key piece in Sacramento’s playoff aspirations.

Career Earnings and Contracts

Over his NBA career, Monk has earned a cumulative total of over $45 million, including his latest contract with the Sacramento Kings, which guarantees him $9.9 million annually through 2024. His rookie contract with the Charlotte Hornets earned him over $14 million across four seasons. His short-term deal with the Lakers and subsequent higher-value contract with the Kings have further boosted his earnings trajectory.

Individual Awards

Though Monk has not yet earned major league-wide individual accolades, his collegiate career includes notable awards:

• SEC Player of the Year (2017)
• First-Team All-SEC (2017)

Playing Style

Monk is primarily a shooting guard, known for his explosive scoring and ability to hit shots from long range. His athleticism allows him to make highlight-reel dunks, while his quick release makes him a reliable threat from beyond the arc. His three-point percentage reached 40.1% during his best shooting year, and he continues to improve his ability to create plays for teammates, as evidenced by his 3.9 assists per game in the 2022-2023 season.

Player Attributes

Monk’s career averages and playing statistics reflect his evolution as a player:

• Points per Game (PPG): 13.4 (2023)
• Rebounds per Game (RPG): 2.6
• Assists per Game (APG): 3.9
• Steals per Game (SPG): 0.6
• Field Goal Percentage (FG%): 44.2%
• Three-Point Percentage (3P%): 35.9%
• Free Throw Percentage (FT%): 88%
• Total Games Played: 428 (as of 2023)

Personal Achievements

Record Name	Record Details
Highest Points in a Game	47 points (vs. North Carolina, 2016 – NCAA)
Highest Three-Point Percentage	40.1% (2020 NBA season)
NBA Career-High Points	41 points (2023 NBA Season)

Personal Life and Relationships

While Malik Monk keeps his personal life relatively private, there have been reports of him being single as of 2024. His focus remains largely on his basketball career and improving his game each season. Off the court, Monk is known for his contributions to various charitable causes, including basketball clinics for underprivileged youth.

Real Estate

Monk has made investments in real estate over the years, including a home in the Sacramento area following his signing with the Kings. However, details of his real estate portfolio remain largely undisclosed.

Achievements and Awards

Though Monk has yet to secure any All-NBA or MVP awards, his future in the NBA looks bright as he continues to develop as both a scorer and a playmaker. His personal bests and contributions to the Sacramento Kings have earned him respect throughout the league, and he remains an essential part of the team’s growth and aspirations.

Overall, Monk’s career trajectory suggests that his best years may still lie ahead as he continues to mature both as a player and a leader on and off the court.

Important FAQs about Malik Monk

What is Malik Monk’s current contract with the Sacramento Kings?

Malik Monk is currently playing under a two-year, $19 million contract with the Sacramento Kings, signed in 2022. This deal reflects his increasing value as a shooting guard after his breakout year with the Los Angeles Lakers. His annual salary is $9.9 million, with additional potential earnings through performance-based incentives.

What were Malik Monk’s key college achievements?

During his time at the University of Kentucky, Monk earned several accolades, including SEC Player of the Year (2017) and First-Team All-SEC honors. He averaged 19.8 points per game in his freshman year and recorded a career-high 47 points in a game against North Carolina, showcasing his exceptional scoring ability.

How has Malik Monk’s performance improved in the NBA?

Monk has steadily improved his overall performance, particularly in three-point shooting, achieving a career-high 40.1% from beyond the arc in 2020. His ability to score and facilitate plays has also developed, as evidenced by his 3.9 assists per game in the 2022-2023 season. His performance metrics reflect his increasing role as a key contributor to team success.

What awards has Malik Monk received during his career?

While Monk has not yet received any major NBA awards, his college career at Kentucky was filled with honors such as SEC Player of the Year. In the NBA, his growing impact on the court could lead to future recognitions, especially if he continues to excel in his role with the Sacramento Kings.

What is Malik Monk’s net worth in 2024?

As of 2024, Malik Monk’s net worth is estimated to be around $10 million. This includes his earnings from his NBA contracts, endorsements, and potential bonuses. His career earnings are projected to increase with continued success on the court and future contract opportunities.

Conclusion

Malik Monk has shown consistent growth as an NBA player, with significant potential for the future. To stay updated on Malik’s latest career developments, financial milestones, and other insights, feel free to explore more articles on our website. We encourage readers to leave comments, share this post, or engage with other content.

Written by Malika Andrews.