What is Donovan Mitchell's Net Worth as of 2024?

Donovan Mitchell Jr. is one of the brightest talents playing in the National Basketball Association (NBA). Nicknamed “Spida”, Mitchell can play as the shooting guard as well as the point guard for the Cleveland Cavaliers.

Before Cleveland, Mitchell has also played for the Utah Jazz in the past. He is from Elmsford, New York, United States, and was born on September 7, 1996. He was originally drafted by the Denver Nuggets as the 13th overall pick in Round 1 of the 2017 NBA Draft and then was traded to the Utah Jazz in exchange for Trey Lyles and Tyler Lydon, the 24th pick of the draft.

Mitchell achieved a significant milestone in his career when he won the NBA Slam Dunk Contest Championship in 2018. He is also a 4-time NBA All-Star player (2020, 2021, 2022 and 2023). He is notable for becoming the seventh player in NBA history to score at least 70 points in a game on January 2, 2022. With 4.2 rebounds, 4.5 assists, FG% of 44.8, FG3% of 36.5, FT% of 83.9, and 24.6 points in his career over six years, as of the 2022-23 season, he has developed himself into one of the finest basketball players of the present times.

How much is Donovan Mitchell Net Worth in 2024?

Donovan Mitchell, according to some online sources, has acquired a net worth of approximately $40 million in 2024. He has gained such a net worth over 6 years thanks to his excellent skills as a basketball player for the Utah Jazz and now for the Cleveland Cavaliers which has caused him to become a fan favorite.

Donovan Mitchell’s net worth has increased over the years. In 2018, his net worth according to online sources was around $16 million. Then in 2019, his net worth increased to $17 million, in 2020 it became $21 million, in 2023, his net worth increased to around $23 million, and finally in 2023, it has come to around approximately $25 million. While his net worth beyond 2018 is currently not available, it can be assumed that they were much lower than what it is today. His net worth will keep increasing as his basketball career continues.

Donovan Mitchell Salary

Donovan Mitchell, according to Spotrac, will earn a base salary of $32,600,060 along with a cap hit of $33,162,030. This is because of the 5-year maximum rookie scale contract extension worth $163 million that he signed with the Utah Jazz on November 23, 2020. The contract included a player option for 2025 and language for 30% rookie supermax. He was then traded to the Cleveland Cavaliers on September 3, 2022. He will start his unrestricted free agency in 2026.

Mitchell’s first NBA contract was a 4-year rookie scale contract worth $14.56 million signed with the Utah Jazz on July 5, 2017. The team then exercised an option for 2019-2020 worth $3.64 million. They again exercised another option for 2020-2021 worth $5.19 million. Then he signed his most recent contract on November 23, 2020. Nevertheless, he was traded by the Utah Jazz to the Cleveland Cavaliers on September 3, 2022.

Donovan Mitchell Endorsements

He has made endorsement deals with several brands in his career till now. His endorsed brands include Adidas, New Era, Doterra, Body Armor, 2K Sports, Zions Bank, Vivint, Stance and Panini.

He signed a 3-year endorsement deal with Adidas for sneakers of the brand that he uses during his games. Eventually, he launched his own basketball sneaker line called the Adidas D.O.N. Issue #1. He earns around $5-$15 million from this endorsement deal. Besides this, Donovan Mitchell has also signed an endorsement deal with Body Armour, a well-known sports drink.

Mitchell’s other endorsement deals include that with Zions Bank, a national bank in Salt Lake City, Utah. He has also signed endorsement deals with Doterra, an essential oils company, Vivint, a smart home company, Stance, a sock, T-shirt and underwear company, Panini for their trading cards and 2K Sports, a video game company. Finally, he also signed an endorsement deal with New Era for their caps. All these brands use Donovan Mitchell as their endorser to attract more customers for them.

Donovan Mitchell Investments

Donovan Mitchell has not mentioned anything about investing in any sectors to the media yet.

Donovan Mitchell Other Sources of Income

Donovan Mitchell has launched My Way 45, an organization that organizes basketball training camps for teens and children. It also allows his followers to purchase his signature sneaker line from Adidas.

Donovan Mitchell House

Donovan Mitchell has not divulged any details regarding the location of his house to maintain privacy in his life. Nevertheless, he bought a house for his mother in Greenwich. This is one of the things he spent his first $1 million on.

Donovan Mitchell Car

Donovan Mitchell has a Porsche Panamera that he purchased for $90,000. He stated that when he saw that car for the first time, he knew that he wanted to own it. His car is black in color and has a red interior. The rims of the car are also colored red.

Besides this car, he also gifted an Audi worth $50,000 to his mother. According to him, his mother always wanted to have an Audi and he worked towards getting her that car. He also bought a Jeep Wrangler Sahara for his sister worth $60,000. His sister always wanted to own a Jeep and he gifted her the car. Unlike him, however, his sister wanted her car to be simple. He had achieved all these with his first $1 million salary from the NBA.

Donovan Mitchell’s Charity Work

Donovan Mitchell is notable for his charity work. He launched Spidacares, (Donovan Mitchell Foundation) with an aim to help impact families and communities positively through education and sports. Through this organization, Donovan Mitchell aims to build an equal society for everyone by offering them opportunities.

The organization supports youth and athletic programs for the promotion of the physical and mental well-being of both children and adults. They also focus on developing good ethical character, sportsmanship, and confidence in them. To that end, the organization provides scholarships and grants to students with financial problems. It helps them achieve Mitchell’s motto of Determination Over Negativity.