Mark Madsen is a former NBA player and current NBA coach who has made a significant impact on the basketball world. He has earned a considerable net worth from his career, and his earnings are decent. Mark Madsen's net worth is estimated to be around $10 million. This net worth includes his salary as a coach and his earnings as a player.
Mark Madsen began his NBA career after the NBA draft in 2000, as a player and retired after 9 years. Madsen's career earnings as a player are reported to be $14,643,429.
Net Worth, Salary, and Earnings
Mark Madsen, over the course of his career, played for several teams, including the Minnesota Timberwolves and the Utah Jazz. He started his NBA career after being drafted into the NBA in 2000. He bid adieu to his playing career in 2009.
After retiring from his playing career, Mark Madsen transitioned into coaching. He first served as an assistant coach for the Utah Flash in the NBA D-League. He then moved on to become an assistant coach for the Los Angeles Lakers. As an assistant coach, Madsen earned an estimated salary of $300,000 per year.
In 2016, Mark Madsen was named the head coach of the Utah Valley Wolverines men's basketball team. As the head coach, he earned an estimated salary of $200,000 per year. Madsen remained in this position until 2019 when he was hired by the Los Angeles Lakers as an assistant coach.
As an assistant coach for the Los Angeles Lakers, Mark Madsen earned an estimated salary of $400,000 per year. He served in this position until the end of the 2020-2021 season.
In July 2021, Mark Madsen was named the head coach of the Utah Valley Wolverines for the second time. As the head coach, he signed a five-year contract with the university. The contract was $1 million in total value.
After his contract with Wolverine expired, he started coaching for California Golden Bears in the March of 2023. However, it is not known how long the contract holds good or the worth of the contract.
Read more about Mark Madsen: NBA Career, Coaching Career, Relationship Status, Children, Family, Early Life
NBA and Coaching Contracts
Mark Madsen had a successful career as a professional basketball player in the National Basketball Association (NBA) from 2000 to 2009. During his playing career, he played for two teams, the Los Angeles Lakers and the Minnesota Timberwolves. Madsen's first NBA contract was with the Los Angeles Lakers, who drafted him in the first round of the 2000 NBA draft. He signed a three-year rookie contract with the Lakers.
After his rookie contract expired, Madsen re-signed with the Lakers for a three-year contract worth $6.3 million. He played for the Lakers from 2000 to 2003, and he was a part of the team that won the NBA Championship in 2001 and 2002.
In 2003, Madsen signed with the Minnesota Timberwolves as a free agent. He signed a four-year contract worth $9.4 million excluding bonuses and incentives. Madsen played for the Timberwolves from 2003 to 2009, and he was a part of the team that made it to the Western Conference Finals in 2004.
After retiring from playing basketball, Madsen became an assistant coach for the Utah Flash, a team in the NBA Development League. Madsen spent two seasons with Stanford before returning to the NBA as an assistant coach for the Los Angeles Lakers.
In 2016, Madsen was hired as an assistant coach for the Minnesota Timberwolves under head coach Tom Thibodeau. He signed a three-year contract with the Timberwolves, but he was let go after only one season when Thibodeau was fired. Madsen then returned to Stanford as an assistant coach for the 2018-2019 season.
In 2019, Madsen was hired as the head coach of the Utah Valley University men's basketball team. He signed a five-year contract with the school, which is reportedly worth $200,000 per year. Madsen has since led the team to a winning record and has helped them improve their standing in the Western Athletic Conference.
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Madsen's Career Earnings
Mark Madsen played for 9 seasons in the league. After retiring as a player, he became an NBA coach. Madsen has had a number of different career contracts over the years, both as a player and as a coach.
As a player, Madsen signed his first contract with the Los Angeles Lakers in 2000. This was a three-year deal worth $3.9 million. Madsen went on to sign another contract with the Lakers in 2003, this time for three years and the contract was worth $2.3 million.
After retiring as a player, Madsen moved into coaching, and he has signed a number of different contracts in this role as well. In 2013, Madsen signed a two-year deal to become an assistant coach with the Utah Jazz. This contract was worth $300,000 annually which was a significant step forward in Madsen's coaching career.
Madsen later moved on to become an assistant coach with the Los Angeles Lakers, where he signed a three-year contract in 2016. This deal was reportedly worth around $500,000. Madsen was then signed by the Minnesota Timberwolves as an assistant coach, where he worked under head coach Ryan Saunders.
In 2019, Madsen was named the head coach of the Utah Valley University men's basketball team. Madsen signed a five-year contract with the school worth around $200,000 per year. His contract recently expired in 2023.
After Utah Valley, Madsen has been signed by California Golden Bears as the head coach after stating that his predecessor, Mark Fox, was incapable of coaching the team, and had shown poor performance as the head coach which resulted in the lowest ranking of the team.