Raymond Felton Net Worth

What Is Raymond Felton’s Net Worth?

Raymond Felton, a former American professional basketball player, has an estimated net worth of $15 million [6]. He played 14 seasons in the National Basketball Association (NBA) [2]. Felton’s NBA career earnings totaled $57,246,750 [8, 9]. When adjusted for inflation, his career earnings amount to $80,397,737 [8, 9]. Throughout his career, Felton played for seven different NBA teams [2, 5].

Early Life and Career Beginnings

Raymond Bernard Felton Jr. was born on June 26, 1984, in Marion, South Carolina [2, 6]. He showcased his basketball talent at Latta High School in Latta, South Carolina, where he led his team to two state championships [6]. His high school career record was an impressive 104 wins and only 9 losses. Felton’s accomplishments include scoring 2,992 points and making 117 three-pointers [2, 6]. He continued his basketball journey at the University of North Carolina under coach Roy Williams [2].

NBA Career and Contracts

Felton was drafted fifth overall by the Charlotte Bobcats in the 2005 NBA Draft [2, 5, 6]. He played for the Bobcats from 2005 to 2010 [2, 6]. During the 2009 off-season, Felton was a restricted free agent and signed a qualifying offer to return to Charlotte for another season on September 23, 2009 [2].

On July 9, 2010, Felton agreed to a two-year, $15.8 million contract with the New York Knicks [2]. In February 2011, he was traded to the Denver Nuggets as part of a three-way deal [2, 6]. Later in 2011, Felton was traded to the Portland Trail Blazers [2, 6]. In 2012, he returned to the New York Knicks [2, 6] and signed a three-year, $10 million extension [2].

Felton signed with the Oklahoma City Thunder on July 10, 2017 [2]. On July 12, 2018, he re-signed with the Thunder for a one-year, $2.4 million deal [1, 2, 4, 7]. This contract had a cap hit of $1,512,601 [4]. Bobby Marks from ESPN tweeted that Felton’s deal pushed the Thunder’s total projected bill for their 2018/19 roster above $300 million, including approximately $150 million in salary and $150 million in projected tax penalties [7]. Raymond Felton’s final NBA season was 2018-2019 with the Oklahoma City Thunder [2].

Career Earnings

Raymond Felton’s career earnings through 2024 totaled $53,053,160 [3]. Some of his salaries from different teams include:

New York Knicks (2013-14): $3,600,000 [6]
New York Knicks (2012-13): $3,400,000 [6]
Portland Trail Blazers (2011-12): $4,100,000 [6]
New York Knicks (2010-11): $4,200,000 [6]
Denver Nuggets (2010-11): $1,050,000 [6]
Charlotte Bobcats (2009-10): $5,500,000 [6]
Charlotte Bobcats (2008-09): $6,200,000 [6]
Charlotte Bobcats (2007-08): $5,600,000 [6]
Charlotte Bobcats (2006-07): $5,300,000 [6]
Charlotte Bobcats (2005-06): Not specified, but part of total earnings [6]

Endorsements and Other Ventures

Raymond Felton faced challenges that impacted his endorsements [11, 13]. After a serious incident, he lost lucrative contracts, including a deal with Under Armour [11, 13]. Although Under Armour continued to support him financially after the truth of the situation was revealed, he was removed from promotional activities and advertisements [11, 13]. He also forfeited deals with McDonald’s and various car sponsorships, resulting in a substantial financial setback [11, 13]. Felton was once considered one of Under Armour’s top athletes and was set to release his own shoe collection [11, 13].

Raymond Felton is available for speaking engagements, virtual meetings, appearances, product endorsements, and business sanctions [12].