Carmelo Anthony Bids Farewell to NBA with Astounding $410 Million in Career Earnings.
Carmelo Anthony, the legendary basketball player, has officially announced his retirement from the NBA after an astounding 19 seasons on the court.
Let's take a moment to appreciate Anthony's remarkable achievements. Representing the United States, he has proudly clinched three Olympic gold medals across four Olympic Games.
But Anthony's impact transcends the court. His awe-inspiring talent has paved the way for an awe-inspiring fortune, amassing a mind-boggling estimated $410 million from playing contracts and endorsements throughout his illustrious career. Yes, you read that right—$410 million! This astonishing figure includes over $260 million from team playing salary and bonuses. Moreover, Anthony has raked in an astounding $145 million from endorsements, and leading the pack is none other than the renowned Nike. The Swoosh brand recognized Anthony's greatness early on, signing him to a monumental deal worth a staggering $3 million per year, and the partnership only grew stronger as Anthony's signature sneaker line expanded to an impressive 13 models. Anthony has teamed up with astonishing brands for sponsorships, ranging from the iconic Foot Locker to the Jordan Brand, Panini and Isotonix.
In 2014, Anthony showcased his entrepreneurial prowess by launching his very own venture capital firm, Melo7 Tech Partners. Through this visionary endeavor, he became an early investor in groundbreaking companies such as DraftKings (sports betting and fantasy); Overtime (next generation sports media company); Goalsetter (kids financial literacy program); LEUNE (canabis company); Casper (mattress company); Hullabalu (children’s media space); and many others.
And now, Anthony embarks on his latest venture, which is sure to make waves in the sports world. Joining forces with WWE board members Michelle Wilson and George Barrios, he has set his sights on launching a jaw-dropping $750 million sports-focused private equity fund called the Isos7 Growth Equity Fund I, in collaboration with Isos Capital Management. This extraordinary initiative aims to make minority investments in teams, leagues, and sports-adjacent businesses. Puerto Rico Sol FC a professional football club is one of their portfolio. Anthony's passion for sports knows no bounds, and he is determined to revolutionize the industry even in his retirement.
Carmelo Anthony's retirement marks the end of an era in professional basketball. His name will forever be etched in the hearts of fans, and his accomplishments will continue to inspire generations to come. We bid farewell to an extraordinary player, an influential entrepreneur, and an overall force of nature. Thank you, Carmelo Anthony, for giving us 19 unforgettable seasons, and congratulations on an awe-inspiring career!