Karl-Anthony Towns Jr., born November 15, 1995, nicknamed KAT and The Big Bodega, is a Dominican-American professional basketball player for the New York Knicks of the NBA. He played college basketball for the Kentucky Wildcats and joined the Dominican Republic national team at 16.
Selected first overall in the 2015 NBA Draft by the Minnesota Timberwolves, he was Rookie of the Year in 2015–16. A five-time NBA All-Star, three-time All-NBA honoree, he won the 2022 Three-Point Contest and led the Timberwolves to the 2024 Western Conference Finals.
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Karl Anthony Towns Net Worth
Karl-Anthony Towns has a net worth of $70 million and is among the highest-paid NBA players. His 2022 supermax extension secures his financial future, with total earnings close to $400 million in salary.
He signed a 4-year, $25 million rookie contract in 2015, with the first two years guaranteed for $11.6 million. In 2018, he signed a 5-year, $158 million extension. In July 2022, he signed a 4-year, $224 million extension starting in 2024, averaging $56.05 million annually, including a player option for 2027-28.
Early life
Karl-Anthony Towns Jr. was born in Edison, New Jersey to an African-American father, Karl Towns Sr., and a Dominican mother, Jacqueline Cruz. He grew up in Piscataway, New Jersey, attending Lake Nelson Seventh-Day Adventist School before transferring to Theodore Schor Middle School from Our Lady of Fatima School in 2009.
At Theodore Schor, he reclassified and repeated seventh grade for added development. His father, who played at Monmouth University, coached at Piscataway Technical High School, where Towns practiced with the junior varsity team as a fifth grader.
Career
As a freshman at St. Joseph High School, Karl-Anthony Towns Jr. led his team to a state championship in 2012, topping the ESPN 25 ranking. He won additional state titles in 2013 and 2014. At 16, he joined the Dominican Republic national team, coached by John Calipari, finishing third in the 2011 FIBA Americas Championship.
In December 2012, Towns reclassified, committed to Kentucky Wildcats, and was later named 2014 Gatorade Player of the Year. He had two quadruple-doubles and averaged 20.9 points, 13.4 rebounds, 6.2 blocks as a senior.
Personal life
In April 2020, Karl-Anthony Towns Jr.‘s mother, Jacqueline Cruz, died from COVID-19 complications. He lost six other family members to the virus. In March 2020, he began dating Jordyn Woods, who gifted him a portrait of his mother by her brother, John Woods Jr., on the anniversary of her passing.
In 2024, Towns received the Kareem Abdul-Jabbar Social Justice Champion Award for advocating voting rights and producing the documentary Forgiving Johnny. He is a Philadelphia Eagles fan and grew up a New York Knicks fan in New Jersey.
What endorsements does Karl-Anthony Towns have?
Karl-Anthony Towns has a strong endorsement portfolio including Nike, Gatorade, 2K Sports, T-Mobile, Beats by Dre, Secretlab, and Luminosity.
Conclusion
Karl-Anthony Towns’ journey from a high school basketball prodigy to an NBA superstar with a net worth of $70 million is a story of talent, hard work, and strategic financial management. His contribution to the Minnesota Timberwolves and his significant earnings from the sport exemplify how athletic prowess can translate into immense wealth and success.
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FAQs about Karl Anthony Towns Net Worth
- What accolades has Karl Anthony Towns received in his NBA career?
Towns has been an NBA All-Star multiple times and was named NBA Rookie of the Year in 2016. - What is Karl Anthony Towns’ annual salary?
As of 2024, his annual salary is $33 million. - What major contracts has Karl Anthony Towns signed?
He signed a 5-year $158 million extension in 2018 and a 4-year $224 million extension in 2022. - How does Karl Anthony Towns contribute off the court?
He is known for his philanthropy and community engagement activities. - What is Karl Anthony Towns’ role in the Minnesota Timberwolves?
He plays as a center and is one of the key players for the team.
