Welcome to AndoMoney, where we explore the fascinating lives and finances of famous personalities.
Today, we’re diving into Kermit Washington net worth, his career milestones, and how his achievements shaped his financial standing. From his NBA days to life beyond basketball, let’s explore what makes this player’s story captivating.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Kermit Alan Washington |
| Popular Name | Kermit Washington |
| Gender | Male |
| Birth Date | September 17, 1951 |
| Age | 73 |
| Parents | Barbara and Alexander Washington |
| Siblings | Eric and Chris Washington |
| Birthplace | Washington, D.C., U.S. |
| Nationality | American |
| Ethnicity | N/A |
| Education | American University, District of Columbia Interscholastic Athletic Association |
| Marital Status | Married |
| Spouse | Patricia Washington |
| Children | Two |
| Dating | N/A |
| Current Team | Retired |
| Dates Joined | 1973–1987 |
| NBA Draft | 1973, 1st round, 5th pick by Los Angeles Lakers |
| Position | Power Forward |
| Net Worth | $25,000 |
| Source of Wealth | Basketball career |
| Height | 6 ft 8 in (2.03 m) |
What is the Net Worth Of Kermit Washington in 2024?
Kermit Washington net worth in 2024 stands at $25,000, reflecting a tumultuous financial journey influenced by his career highs and lows.
Compared to other athletes, his wealth is modest, especially given his prominent career in the NBA. Legal challenges, injuries, and post-retirement difficulties have significantly impacted his finances.
For context, here’s a list of notable names connected to Kermit Washington:
- Rudy Tomjanovich
- Kareem Abdul-Jabbar
- Pat Washington
- Jerry West
- Dave Cowens
- Bill Sharman
- Pete Newell
- Kevin Kunnert
- John Lucas
- Red Auerbach
Explore more about the most financially successful NBA players on our dedicated page here.
Kermit Washington Salary, Wealth, and Finance Overview
Early Life and Education
Kermit Washington’s journey began in Washington, D.C., where he faced significant challenges growing up.
His early life taught him resilience, which later defined his basketball career.
Despite a slow start in high school basketball, his dedication saw him thrive at American University, where he achieved the rare feat of averaging 20 points and 20 rebounds per game.
Career Highlights and Achievements
Drafted by the Los Angeles Lakers in 1973, Washington played for five NBA teams, including the Boston Celtics and Portland Trail Blazers.
He was an NBA All-Star in 1980 and twice named to the NBA All-Defensive Second Team.
His ability to dominate on defense made him a valuable asset.
Financial Peaks and Challenges
While his basketball contracts provided a solid income, post-retirement challenges, including legal troubles, eroded his wealth.
His career earnings, although significant during his playing days, dwindled due to fines, suspensions, and legal fees.
Legal and Financial Troubles
Washington’s involvement in embezzlement charges in 2016 highlighted his financial struggles.
Accused of misappropriating $500,000 meant for charity, this controversy severely impacted his reputation and financial stability.
Life Beyond Basketball
Post-retirement, Washington struggled to maintain financial security. Unlike many retired athletes who find second careers in broadcasting or business, his path was fraught with difficulties.
His modest net worth today underscores the importance of financial planning for athletes.
Legacy and Influence
Despite these setbacks, Washington’s career remains notable for his on-court achievements. His legacy serves as both an inspiration and a cautionary tale for aspiring athletes.
FAQs About Kermit Washington
What were Kermit Washington’s career highlights?
Kermit Washington was an NBA All-Star in 1980 and a two-time NBA All-Defensive Second Team selection.
Which teams did he play for?
He played for the Los Angeles Lakers, Boston Celtics, San Diego Clippers, Portland Trail Blazers, and Golden State Warriors.
What challenges did he face during his career?
Washington faced injuries, legal troubles, and a significant suspension following the Rudy Tomjanovich incident.
How did his college career influence his NBA success?
His exceptional performance at American University, averaging 20 points and 20 rebounds, made him a top draft pick.
Why is he remembered in NBA history?
He is remembered for his defensive skills, the Rudy Tomjanovich incident, and his unique achievements in college basketball.
What was his role in the Rudy Tomjanovich incident?
During an altercation in 1977, Washington punched Rudy Tomjanovich, resulting in a significant controversy.
Did legal issues affect his financial standing?
Yes, embezzlement charges in 2016 significantly impacted his finances and reputation.
How tall is he?
Kermit Washington is 6 feet 8 inches (2.03 meters) tall.
Is he still involved in basketball?
No, he is retired from professional basketball.
Conclusion
Kermit Washington’s story is a mix of triumphs and challenges, offering valuable lessons about life in and beyond sports. I invite readers to share their thoughts, comments, or questions about his journey.
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