Karl-Anthony Towns’ Earnings Journey: How the NBA Player Went From Rookie to Riches

The Breakdown: Karl-Anthony Towns has been a generational talent on and off the court. The NBA All-Star has been one of the league’s best players since being drafted in 2015, and he’s stacked up a multi-million dollar net worth while doing so.

Karl-Anthony Towns has carved out a distinct presence in the NBA, earning a reputation as one of the league’s most colorful characters. His expressive voice and animated mannerisms have sparked countless memes, from the legendary “After all that” to his memorable exchanges with referees.

Jokes aside, Karl-Anthony Towns has dominated the league in his career. He earned the nickname “Bodega KAT” after being traded to the New York Knicks and has become a powerhouse for the team’s success. With multiple massive contracts, KAT has built a multi-million dollar net worth.

Towns was last reported to have a net worth of at least $70 million, according to Celebrity Net Worth. Since being drafted in 2015, he has amassed hundreds of millions of in career earnings. The All-Star forward has signed impressive contracts and has numerous endorsements.

During his rookie season, he signed a four-year contract worth $25 million. In 2018, the year that contract was set to expire, he and the Minnesota Timberwolves locked in on a five-year max contract extension valued at $158 million. Before being traded to the Knicks in a blockbuster deal, Towns signed a four-year $220 million supermax extension with Minnesota in 2022 that was set to begin the 2024-25 season.

His contract came into effect the same season he was traded, so the Knicks have now taken on his largest contract ever. He’s been incredibly effective for the franchise so far, and his future could be set in New York long-term.

Besides his multi-million dollar contracts, KAT has secured a pretty deep bag of endorsements to keep the money flowing. He’s endorsed by Nike, Beats by Dre, Gatorade, T-Mobile, and the Call of Duty video game franchise, to name a few. The endorsements have been reported to account for about $3 million of his total net worth.

Karl was drafted first overall in the 2015 NBA Draft by Minnesota. He quickly became the face of the franchise, even while sharing the court with players like Andrew Wiggins, Jimmy Butler, Zach LaVine, and Ricky Rubio. He averaged a double-double in points and rebounds in his first six seasons on the team.

In Towns’ time with the Timberwolves, he snagged four All-Star selections and two third-team All-NBA selections. The power forward received first-team All-Rookie honors while also taking home Rookie of the Year.

Coming off a phenomenal year with the Timberwolves in 2023-24, the power forward was traded to the Knicks. In that season, not only did Towns set the franchise record for most points in a game (62 points), but he also broke records that he had set twice before for the team (60 points in 2022 and 56 in 2018).

His long-term contributions and accolades with the Timberwolves earned him a name as one of their "Big 3," along with Anthony Edwards and Rudy Gobert. This same Big 3 took the team to the Western Conference Finals in 2024, but they ultimately lost to the Dallas Mavericks. He’s proven himself a force in the league, and when the season is out, he’s putting up numbers for the Dominican Republic in the FIBA World Cup.