Julius Erving Net Worth
Julius Erving has an estimated net worth of $50 million. Hall of Fame basketball forward Julius Erving, or “Dr. J,” was an acrobatic player in the NBA and ABA. His dunks and graceful play helped change the game. He earns most of his income from his career as a basketball player and actor.
Julius Erving won the ABA championship with the New York Nets in 1974 and 1976 before joining the Philadelphia 76ers in the NBA. He helped lead the club to a world championship in 1983. He retired in 1987 after playing in over 800 games and scoring an average of 22 points per game.
To calculate the net worth of Julius Erving, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$50 Million|
|Monthly Salary:||$200 Thousand+|
|Annual Income:||$3 Million|
|Source of Wealth:||Basketball player, Actor|
Julius Erving, born on February 22, 1950, in Roosevelt, New York, became known for his style and grace on and off the court during his 16-year professional basketball career.
He was a standout athlete at Roosevelt High School, where he earned the moniker “Dr. J.” While the exact details of how he got the name are unknown, it is thought that a friend began calling him it after Erving dubbed him “Professor.” Erving liked the name, and he kept it throughout his college and professional careers.
Erving enrolled at the University of Massachusetts in 1968 after being overlooked by many major basketball programs. He only played two seasons for the school—freshmen were ineligible to play varsity, and Erving left before his senior year—but he left an impression. He averaged 32.5 points and 20.2 rebounds per game at Massachusetts, making him one of only five players in history to average more than 20 points and 20 rebounds per game.
Erving left college in 1971 to join the American Basketball Association (ABAVirginia )’s Squires as an undrafted free agent. He quickly transitioned to the pro game as a forward. Erving averaged more than 27 points per game in his rookie season and was named to the All-ABA Second Team and the ABA All-Rookie Team.
Erving’s career took a complicated turn in the spring of 1972. He was chosen 12th overall by the Milwaukee Bucks of the National Basketball Association (NBA), but instead signed with the Atlanta Hawks and joined the team for pre-season workouts. However, the Squires quickly filed court documents requesting that he be barred from playing in the NBA, and a three-judge panel agreed, returning him to the ABA.
When he returned to his old league, Erving was still its biggest star. He played for the Squires in 1972-73 before joining the New York Nets and leading them to championships in 1974 and 1976. He was also named Most Valuable Player in each of those seasons.
Not only was he admired for his scoring, but also for how he played the game. Erving, who was quick and athletic, took to the court with a game that included graceful spins, dramatic jump shots, and powerful slam-dunks. In 1976, his final year in the ABA and the league’s final year of existence, Erving won the ABA Slam Dunk contest, the first dunk contest hosted by any professional league.
When the ABA was absorbed into the NBA in 1976, the struggling Nets traded Erving to the Philadelphia 76ers for $3 million. In Philadelphia, Erving quickly helped the team become a perennial winner.
During the 1976-77 season, the 76ers breezed through the playoffs to reach the NBA Finals, where they were defeated in six games by the Portland Trail Blazers. After two years of reaching the NBA semi-finals, Erving returned Philadelphia to the Finals in 1980, where they were defeated by the Los Angeles Lakers and their rookie point guard, Earvin “Magic” Johnson.
While L.A. won the championship, Erving stole the show in Game 4 when he glided past a slew of defenders in midair, from one end of the hoop to the other, before softly putting the ball in the basket with an underhanded scoop. The play became known as the “Baseline Move” after that.
Johnson later recalled, “My mouth just dropped open.” “That is exactly what he did. ‘What should we do?’ I wondered. Should we take the ball out or have him do it again?'”
Despite earning MVP honors the following season, Erving’s team did not have enough of a supporting cast to return to the championship round. In 1982, following another heartbreaking Finals loss to the Los Angeles Lakers, the 76ers retooled their lineup for the upcoming season, trading for Houston Rocket Moses Malone.
The 1982-83 season was nearly perfect for Erving and his teammates. Philadelphia stormed through the playoffs after finishing the regular season with a 65-17 record, losing only once and defeating the Lakers in the Finals with a four-game sweep.
However, the following years were less fruitful. With an aging roster, the Philadelphia 76ers, led by forward Charles Barkley, began to transition to a younger team. Erving retired after the 1986-87 season. He was a member of 11 NBA All-Star teams and appeared in over 800 games. Erving scored more than 30,000 points in his NBA and ABA careers combined.
He was inducted into the Naismith Memorial Basketball Hall of Fame in 1993.
Erving has remained involved in the game despite his retirement as a player. He has worked as a sports analyst for NBC as well as an executive for the Orlando Magic. He has also pursued numerous other business ventures.
Erving has an eight-child family. In 2008, he married his second wife, Dorys Madden. They have three children together.
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