Paul Pierce's net worth as of 2023: How much is the former NBA player worth and how will the crypto charges impact him?

Paul Pierce's net worth will take a hit due to his settlement with the Securities and Exchange Commission (SEC) for crypto violations. The basketball legend promoted cryptocurrencies, which is what led to his eventual settlement.

As a result, the former NBA champion settled with the SEC for $1.4 million. He was penalized with $1.1 million, while approximately $244,000 worth of EthereumMax tokens will be removed from his crypto wallet.

This article will reveal Paul Pierce's net worth as of February 2023. We will take a look at his career earnings and how the latest settlement will affect his financial status.

Paul Pierce's net worth is estimated in millions of dollars in February 2023

The latest settlement with the SEC will negatively impact Paul Pierce's net worth, but he shouldn't have trouble paying the penalty. As of February 2023, the Boston Celtics legend is worth approximately $70 million.

Considering that Pierce made nearly $200 million from his NBA contracts alone, it's no surprise that he is one of the weathliest former players. The small forward was one of the most lethal offensive players in the league during his prime.

Paul Pierce's net worth makes him one of the wealtheist former athletes (Image via Getty Images)

The 6-foot-7 forward finished his career in 2017, right after a massive spike in the salary cap. Considering that his prime was during 2000s, Pierce never received more than $20 million per year for his services.

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During the 2009-10 season, Pierce was paid $19.8 million with the Celtics. This was the most profitable year of his career, which he ended with the LA Clippers. His contract with the Clippers was minimal and worth only $1.1 million.

Pierce has made nearly $200 million from his contracts (Image via Getty Images)

Paul Pierce's net worth has increased because of all the endorsements he's had. During his prolific NBA career, the forward was affiliated with many big companies and brands, including Microsoft, Spalding and Powerade.

It is estimated that he made $2 to $3 million a year with his endorsement deals.

Pierce was banned from promoting crypto

Cryptocurrencies have become very popular over the past decade. Due to this, it's no surprise that many NBA players were paid to promote crypto and NFTs. Unfortunately, the FTX collapse caused a lot of crypto owners to lose big money.

Paul Piece has been barred from promoting crypto asset securities for three years due to the latest incident.

Many other popular athletes, including Steph Curry, Shaquille O'Neal and Tom Brady, have promoted cryptocurrencies in the past and it is unlikely that this will stop anytime soon.

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Considering how popular crypto has been lately, the NBA may decide to step in and prevent its players from promoting such products and services.