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Phil Jackson Net Worth - Richest Basketball Coach Of 2023

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Phillip Douglas Jackson used to play professional basketball, coach, and work for the NBA. In 1970 and 1973, he won the NBA title with the New York Knicks. As of 2023, Phil Jackson net worth is huge.

Phil has won 11 NBA titles as a coach. He beat Red Auerbach, who had won nine titles and was the record holder. As a player, Phil has won two championships and has the highest percentage of wins, which is .704. Jackson won as a player for the New York Knicks from 1970 to 1973.

Quick Facts About Phil Jackson

NamePhil Jackson
BirthdaySeptember 17, 1945
ProfessionProfessional Coach
Net worth$70 million

Who Is Phil Jackson?

COPYRIGHT_PNW: Published on https://purenetworth.com/phil-jackson-net-worth/ by - on 2023-01-06T07:51:52.302Z

Phil Jackson wearing a suit and eyeglasses
Phil Jackson wearing a suit and eyeglasses

Phil Jackson was born in Montana on September 17, 1945. Jackson grew up in a very religious family. Both of his parents were ministers for the Assemblies of God and gave sermons every week.

He grew up with two brothers and a half-sister. The kids were not allowed to watch TV or dance. Jackson's first plan was to be a minister, just like his parents.

Jackson played basketball for the first time in high school, and his team ended up winning the state championship. Jackson became really interested in basketball because it was pretty much the only time he could do things with other kids.

Phil Jackson also played football and baseball, and he was good at almost all of the sports he tried. Several scouts for professional baseball and basketball teams took notice of this.

Phil Jackson was persuaded to go to the University of North Dakota after he graduated from high school. There, he got to play basketball for coach Bill Fitch.

Jackson learned a lot about basketball from Fitch while they were both on the Fighting Sioux team. This experience would later affect how he coached and played in the NBA.

Phil Jackson Coaching Career

Phil Jackson: 11 Rings in 11 Minutes

Jackson didn't waste any time getting his coaching job started. In the end, he became known as a good coach in Puerto Rico's professional league. Jackson started working in the NBA in 1987 when the Chicago Bulls hired him as an assistant coach. After two years, he was made the head coach.

He became one of the most vocal supporters of Tex Winter's triangle offense very quickly. The plan worked, and he led the Bulls to six championships, including two separate runs of three titles in a row.

On the surface, Jackson and general manager Jerry Krause were getting more and more upset with each other. Some people think that Krause felt like Jackson stole the show because Jackson was the one who put together the star team.

Jackson was hired for the 1997-1998 season, even though Krause said he wouldn't be hired back. At the end of the season, Jackson left the Bulls with a lot of anger and said he would never coach again.

Jackson changed his mind, though, and from 1999 to 2004, he coached the Lakers. In his first year with the team, he helped them win the championship. During this time, Jackson won two more championships with the Lakers.

In the end, disagreements within the team brought them down, and the Pistons beat the Lakers to win the title in 2004. At one point, Jackson asked that his contract, which was worth $6 million, be raised to $12 million.

The Lakers made him an offer, but he didn't take them up on it. When he didn't, the Lakers told him he was leaving.

Jackson left the Lakers in 2004, but he came back in 2005 when the coach who was supposed to take his place had to leave because of health problems. Even though the Lakers didn't start out well, Jackson helped them win the championship in 2009.

They did it again in 2010, which gave Jackson his eleventh championship. Jackson's health then started to get worse after he was told he had prostate cancer. He decided to put off his surgery and coach for one more season. In 2011, he stopped being a coach.

Phil Jackson Net Worth

Phil Jackson is a former NBA player, coach, and team executive who is now retired. He is worth $70 million. Jackson was a successful power forward for 12 seasons, but today he is best known for his work as a coach. He was named one of the top ten basketball coaches in history and was inducted into the NBA Hall of Fame.

Jackson made about $1 million a year coaching the Bulls, $10 million a year coaching the Lakers, and $12 million a year working for the Knicks as an executive.

Salary And Contracts Of Phil Jackson

Phil made a total of $9 million during his 9 years as coach of the Chicago Bulls, where he won six championships. Jackson took a short break from the NBA after leaving the Bulls. He came back in June 1999 with a $30 million, five-year deal with the Lakers.

Before they broke up in June 2017, Phil made $11 million a year as President of the Knicks. Phil made $60 million while working for the Knicks for just over three years.

Real Estate Of Phil Jackson

Phil bought a home with a view of the ocean in Marina Del Rey, California, for $1.8 million when he moved to Los Angeles in 1999.

Phil bought an apartment in midtown New York City for $4.85 million in 2014. That was the same year he signed a $60 million deal to become President of the Knicks. He put the apartment on the market in 2017 for $5 million, and it sold in January 2018 for that price.

He has owned a house on a lake in Montana for more than 40 years. For most of his life, it has been his summer home. When he bought the property in 1973, it had a small cabin on it.

He paid with the money he got as a bonus for helping the Knicks win the championship that year. A few years later, he built a much bigger house, which he now uses as his main home.

Interesting Facts About Phil Jackson

  • Jackson was only named NBA Coach of the Year once, in 1995-96, when the Bulls set a record by winning 72 games in a season.
  • Jackson was able to get a pay raise to $30,000 after leading the Albany Patroons to the 1984 CBA championship. As president of the Knicks, Jackson now makes around $12 million a year.
  • In the eight seasons that Phil Jackson was Michael Jordan's head coach, Jordan had a career record of 455-130 (.778) in the regular season and 105-37 (.739) in the playoffs.
  • In 11 seasons, Kobe Bryant's record was 568-269 (.679) in the regular season and 118-62 (.656) in the playoffs when Phil Jackson was his head coach.
  • Shaquille O'Neal's career record with Phil Jackson as his head coach is 262-92 (.740%) in the regular season and 64-28 (.696%) in the playoffs. This is a total of five seasons.
  • In 1996, Jeff Van Gundy, who was the coach of the Knicks at the time, called Jackson "Big Chief Triangle" as a joke.
  • Jackson thinks that the Bulls, not the Houston Rockets, would have won the championships in 1994 and 1995 if Jordan hadn't missed most of those years.
  • Jackson played college football at the University of North Dakota, where Bill Fitch was the head coach and Jimmy Rodgers was an assistant coach. When the NBA turned 50, the media picked the top 10 coaches in the league's history. Jackson and Fitch were both on that list.
  • Jackson said that the Lakers' win over the Celtics in Game 7 of the 2010 NBA Finals was the most satisfying win of his career in his book "Eleven Rings," which came out in 2013.

People Also Ask

Who Is The Greatest NBA Coach Of All Time?

Phil Jackson holds the NBA record for most titles as a head coach with 11. He won three championships in a row with the Chicago Bulls and the Los Angeles Lakers on three different occasions (1991-1993, 1996-1998, and 2000-2002), and he also won back-to-back titles with the Lakers in 2009 and 2010.

Does Phil Jackson Have The Most Rings?

Phil Jackson was the head coach of the Los Angeles Lakers and the Chicago Bulls. He has won 11 NBA titles, which is the most in NBA history. He is the only coach to win multiple championships with more than one team. He won six with the Chicago Bulls and five with the Lakers.

Why Did The Lakers Fire Phil Jackson?

Phil Jackson led the Lakers to three straight NBA championships, but he was fired after they lost to the Pistons. Lakers owner Jerry Buss thought it was time for a change.

Conclusion

A U.S. citizen, Philip Douglas Jackson used to play and coach in the National Basketball Association (NBA). He started out as a basketball player for the New York Knicks. In 1970 and 1973, they won the NBA title.

Jackson won the NBA Coach of the Year award in 1996, and he was also named one of the top 10 coaches in NBA history. Jackson is also known for having coached two of the best players in the history of the sport. With a net worth of $70 million, he is thought to be the richest coach.

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