Malik Monk’s net worth: How rich is the 2022 Lakers breakout star?

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Of all the offseason moves the Los Angeles Lakers have made, the best might be their acquisition of Malik Monk. Sure, Westbrook is a Hall of Famer and a superstar point guard, but he fell short of expectations. Monk, meanwhile, is having a great season and he’s shown signs of being an all-star.

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Monk was the 11th pick in the 2017 NBA draft and he was picked up by the Charlotte Hornets. He improved his score every year, but with the Hornets committing to LaMelo Ball and Terry Rozier, it became difficult for him to find the right playing time, so he signed a trade-and-go salary deal with the Lakers. so far he has been up to it.

Monk is an excellent three-point shooter, but he has a multi-dimensional game that makes him a threat from anywhere on the floor. The Lakers hope to see the same gameplay from Monk as the All-Star break approaches.

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November 10, 2021; Los Angeles, California, USA; Miami Heat guard Tyler Herro (14) shoots against Los Angeles Lakers guard Malik Monk (11) during the second half at Staples Center. Mandatory Credit: Richard Mackson-USA TODAY Sports

Even though Monk is one of the best players at the Laker, he has a minimum veteran contract. It’s one of the Lakers’ most cherished contracts and they’ll want to have it for the future. Monk also hopes to get a long-term contract, which means more money for him.

How much is Malik Monk worth?

As an NBA player, Monk’s net worth will be significantly higher than that of an average person. He signed his 4-year rookie contract for $15.6 million with the Charlotte Hornets. That brings his annual salary to around $3.9 million. His contract with the Lakers is for one year, $1.78 million, and that’s a minimum for veterans. In total, Malik Monk is said to have a net worth of $3 million.

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October 27, 2021; Oklahoma City, Oklahoma, USA; Los Angeles Lakers guard Malik Monk (11) dunks as Oklahoma City Thunder guard Josh Giddey (3) looks on during the first quarter at Paycom Center. Mandatory Credit: Alonzo Adams – USA TODAY Sports

Being a young player, he still doesn’t have any major endorsements, but he will soon. Especially if he continues his great game, and that too with the Lakers. Malik Monk hopes he can sign a long-term contract next season and secure his future with the purple and gold outfit.

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Even if the Lakers choose not to resign him, many teams will be very happy to secure Monk’s services. All Malik Monk has to do is keep up his great performances and he will definitely get paid one way or another.

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