During Patrick Ewing‘s 17-year NBA career, he made himself quite a few bucks. As many professional athletes do, he also spent a lot of those bucks. Ewing, who played 15 years with the New York Knicks, was pretty smart with his money and was still able to overcome nearly a $4 million loss on his mansion last month.
Patrick Ewing’s NBA career
After a highly successful college career at Georgetown, Patrick Ewing was selected by the New York Knicks with the first pick in the 1985 NBA draft. Ewing, a 7-foot, 240-pound center, went on to have a lengthy and very successful career in the NBA.
Ewing was an 11-time NBA All-Star during his 15 seasons with the Knicks. He finished his career averaging 21 points and 9.8 rebounds per season. During the 1985-86 season, his first in the league, Ewing averaged 20 points and nine rebounds per game and was named the NBA’s Rookie of the Year and made his first all-star appearance.
After failing to become an all-star in his second year, despite averaging 21.5 points and 8.8 rebounds, Ewing became an NBA All-Star for the next 10 seasons. He made the NBA’s All-Defensive Team three times and was All-NBA for seven seasons. Ewing was elected to the Naismith Memorial Basketball Hall of Fame in 2008.
Ewing sells mansion for huge loss
Last month, Patrick Ewing finally sold the mansion he had on the market for the last five years. Ewing’s place had a 10,524-square foot main house that featured seven bedrooms and nine bathrooms. The property also featured a gym, basketball court, movie theatre, swimming pool, spa, and three-car garage.
The home had originally been put on the market in October of 2015 with an asking price of $6.998 million. Ewing had originally purchased the home in 2007 for $6.3 million. “He put a lot of money into it,” listing agent Michele Kolsky-Assatly said in 2018.
Ewing hadn’t gotten any serious bites during the last five years. At one point last year, he offered to rent the place for $25,000 per month. Last month, however, he finally sold it at the discounted price of $2.65 million. Ewing suffered nearly a $4 million loss on the sale.
Patrick Ewing’s net worth
Despite Patrick Ewing losing more than 60 percent off the original asking price of his house, the big man is still doing well financially. According to celebritynetworth.com, Ewing is worth $85 million.
Although he retired from the NBA after the 2001-02 season, Ewing remained in the NBA as an assistant coach. In April of 2017, Ewing left the NBA ranks and was named the head coach at his alma mater, Georgetown, where he has been ever since.
In 2012, Ewing relaunched his own sneaker company, Ewing Athletics. He initially had the brand in 1989, but slow sales forced a shutdown in 1996. “We did very well for a while, but it got harder,” Ewing said. “Lots of kids started replacing basketball shoes with Timberland sneakers and Nike became more of a force.”