Rasheed Wallace is an American retired basketball player and basketball coach. Wallace is famous for his positions as a power forward and a center in his NBA career. He was born on September 17, 1974, in Philadelphia, Pennsylvania, United States. His full name is Rasheed Abdul Wallace. Rasheed has played basketball professionally for 18 years, from 1995 to 2013, and has played for six different teams before retiring. He has been serving as a basketball coach since 2013.
Rasheed Abdul Wallace’s net worth is $75 million as of 2023.
Rasheed Wallace Early Life
Rasheed Abdul Wallace was born on September 17, 1974, in Philadelphia, Pennsylvania, US He was born to his parents, Jackie Wallace and Sam Tab. Wallace was raised by his single mother. He grew up in the neighborhood of Germantown, Philadelphia. Wallace has two older brothers named Malcolm and Muhammed. He is a follower of Islam. He received his high school education from Simon Gratz High School in Philadelphia, Pennsylvania.
He loved playing basketball, track running, and high jumping as a teenager. Wallace started playing basketball at his high school. After his senior year, he was famous as USA Today’s High School Player of the Year. Basketball Times selected him as First-Team All-America. Once in his senior year, Wallace scored 16 points, 15 rebounds, and 7 blocks in 18 mins game. He was also a two-time Parade All-American first-teamer. Wallace was known among the top three players in the class of 1993.
Rasheed Wallace College Career
Wallace attended the University of North Carolina for his college years. Coach of UNC College ‘Dean Smith’ enlisted Wallace in the North Carolina Tar Heels Men’s basketball program at Chapel Hill. Wallace had become a national spotlight in the course of his two years journey at North Carolina. AP enlisted him as a second-team All-American in his second year at UNC. In 1995, he helped UNC to enter the NCAA Final Four. He left North Carolina to enter the 1995 NBA draft after his sophomore year. Wallace got selected by the Washington Bullets with the 4th overall pick.
Let’s have a look at Wallace’s professional NBA career.
Rasheed Wallace NBA Career
After being drafted by bullets in the 1995 NBA draft, Wallace as a beginner, played in 65 games, out of which he played 51 games in replacement of injured Chris Webber. Wallace got selected for the rookie team for the All-Star Weekend. He got sidelined due to a fracture in his left thumb and didn’t play for the remaining season. Eventually, Wallace scored 10.1 points, 4.7 rebounds, 3.4 assists, and 655 points. He played for 1788 mins in his rookie season and was named to the NBA All-Rookie First Team.
Rasheed Wallace got traded to the Portland Trail Blazers and ranked third in the league for field goal percentage. Wallace missed the next month of the season because he injured his left thumb again. However, he recovered and played in the first round of the playoffs against the Los Angeles Lakers.
Rasheed set the record of 38 technical fouls this season. Previous years of this season have been rough on Wallace as he got suspended for seven games for threatening the referee Tim Donaghy. In 2000 and 2001, he was named an ‘NBA All-Star.’ Wallace played against the Denver Nuggets and scored a career-high 42 points in a 104-94 win on February 20, 2001. He led the Trail Blazers to enter the NBA Finals and played for the team until 2004.
On February 9, 2004, Wallace got traded to the Atlanta Hawks and played only one game. He scored 20 points, 6 rebounds, five blocks, and two assists against the New Jersey Jets on February 18, 2004.
In 2004, Rasheed Wallace was again traded to the Detroit Pistons. He scored 10 points, 11 rebounds, and 4 blocks in his first game with a 76-66 win against the Philadelphia 76ers. Wallace recorded 26 points, 13 rebounds, and 2 assists in an 88-80 victory against the Los Angeles Lakers in game 4 of the 2004 NBA Finals. He helped the Pistons beat the Lakers four games to one and win the NBA Championship title. In the following season, Rasheed Wallace signed a five-year contract worth $57 million to stay in Detroit. In the 2004-2005 season, Pistons lost to the San Antonio Spurs after entering the playoffs and the NBA Finals.
In the next season, 2005-2006, Wallace helped the Pistons become the top-seed team in the Eastern Conference by achieving a 64-18 record. Wallace captured the crowd’s hearts by throwing a 60-foot shot off in 1.5 secs in the game against the Denver Nuggets with a 113-109 win. In 2007, Wallace returned to the Eastern Conference Finals but got fouled out of Game 6. In the 2009 season, Wallace decided to part ways with the Detroit Pistons.
However, on July 8, 2009, Wallace signed a three-year contract with the Boston Celtics. He struggled with his performance in the regular season and stayed for a single season. On June 25, 2010, Wallace’s agent Bill Strickland announced his retirement from the NBA.
Rasheed Wallace came out of retirement and signed a contract with the New York Knicks on October 3, 2012. Wallace informed his broken left foot on February 27, 2013. After missing around 7 weeks of this season, Wallace came back to play his final game on April 15, 2013. Later on, Rasheed announced his retirement from playing on April 17, 2013.
Rasheed Wallace Coaching Career
After his retirement, Rasheed Wallace signed a two-year contract with the Detroit Pistons and joined the team as an assistant coach in July 2013. He served as a coach for the 2013-2014 season.
Later, he joined Charles E. Jordan High School as a head coach on March 8, 2019. Wallace left the school in 2021.
On August 18, 2021, Wallace accepted the proposal to be an assistant coach at the Memphis Tigers men’s basketball team.
Rasheed Wallace’s Net Worth
As of 2023, Rasheed Abdul Wallace has an estimated net worth of $75 million.
Wallace has earned over $156 million in salary alone during his NBA career. In days gone by, he was known among the 25th highest-paid NBA players in total career earnings. He made around $17 million in a single season.
Rasheed Wallace’s Career Earnings
Let’s take a look at Wallace’s career earnings.
Wallace earned an annual salary of $1.9 million on a three-year contract worth $5.8 million from 1995-1997 and $13.3 million on a six-year contract worth $80 million from 1998-2003. Later, he signed $11.7 million on a five-year contract worth $58.7 million from 2004-2008 and $6.3 million on a three-year contract worth $18.9 million with the Boston Celtics.
Rasheed Wallace Income Source
If we look into Wallace’s source of income, he has earned most of his fortune from his former basketball career. Besides his previous NBA career, he has also earned from his basketball coaching career and brand endorsement deals.
Rasheed Wallace Awards and Achievements
Rasheed Wallace has received many impressive awards and honors throughout his professional basketball career. In 2004, Rasheed Wallace achieved the NBA Championship. He won 4 NBA All-Star in 2000, 2001, 2006, and 2008. In 1993, Wallace received the ‘USA Today’s High School Player of the Year Award’ and ‘Mr. Basketball USA.’ He also earned 2 First-Team Parade All-American Awards. In 1995, Wallace was named to the NBA All-Rookie Second Team.
Conclusion
Rasheed Abdul Wallace is an American retired basketball player and current basketball coach with a net worth of approximately $75 million. He is popular for his role as a power forward and center in the NBA. Wallace has played for multiple teams, including the Washington Bullets, Portland Trail Blazers, Atlanta Hawks, Detroit Pistons, Boston Celtics, and New York Knicks. He has received an NBA championship, 4 All-Star Team, and 2 First-Team Parade All-American Awards. Wallace played his final game for the New York Knicks in April 2013. After his retirement, he has been serving as a coach. He has earned most of his fortune from his NBA career. His coaching career and brand endorsement add up to his income source.
