This season, Shaquille O’Neal
has caught some flack for disrespecting a number of current NBA
players and criticizing how much certain individuals are being paid
(such as Rudy Gobert). One theory about why Shaq’s analysis has
skewed so negative is that he’s salty about the lucrative contracts
being handed out.
“I’m jealous, but I’m happy [for
them],” Shaq said. “I’m jealous because I always thought that you
had to have Michael-Jordan, superb-type numbers to get that type of
money. That’s what it was in my era, but I’m happy for the kids.
The reason why I bring up Rudy Gobert, people think I’m hating,
it’s not. He’s a good big man, but I’m used to dealing with great
big men. When I was coming up in high school, I already knew I
couldn’t compete with the Patrick Ewings and the [David] Robinsons,
they were great and they weren’t even making that much money. Then,
my father came in the house one day, hit me with a paper and said,
‘We’re going to watch a game.’ This is no disrespect to Jon
[Koncak] -- Jon was a great NBA player, he did what he
did. But he signs a contract for $15 [million] for three, so my
father makes me watch the game. Now, I have confidence. I know I’m
not David Robinson, but I’m like, ‘Jon is averaging only 9-10
points, I can do that! I know I can do that. So, shoot, if he’s
averaging 10 points and making $5 [million] a year, just think if I
average 20 points what I could make!’ Now, I got the
confidence.
“I go to LSU and I go against
Stanley Roberts; he’s killing me, but the only thing on my mind is,
‘Jon makes $15 [million] for three.’ [I’m thinking], ‘Stanley is
better than me, so he’ll probably make $20 [million], but shoot, at
least I could get $12 [million].’ That’s the only thing on my mind.
And then Stan leaves. Larry Johnson, Derrick Coleman came before me
and they were making $15-20 [million]. So when I was leaving
[school], my guy was like, ‘You have the potential to make $50
million.’ That’s what he tells me. I’m like, ‘Excuse me?’ I think
it was Larry Johnson or Derrick Coleman, they asked for $30
[million] so, he says, ‘Inflation! I’m going to ask for $50 million
if you decide to come out this year.’ And I was like,
‘Wow.’
“Rudy Gobert is not the
average-type, big-guy NBA player anymore. The average big they’re
looking for now is a guy that can pick-and-pop and do whatever.
Rudy Gobert is big, tall, plays hard, plays great defense, a
Defensive Player of the Year, and he’s making $200 million. So, all
you big guys out there, look at him. Follow him. You’re not going
to be LeBron, you’re not going to be Kobe, you’re not going to be
Shaq, you’re not going to be Garnett, but I think there’s a lot of
big guys even today that can do the things that he can do. When I
tell the story, people think, ‘Oh you’re just jealous!’ Yeah,
Iamjealous that he’s making $250
[million]. Yeah, I’ll say I’m jealous. However, for this game of
ours, it can motivate a young kid today… All these guys that are
watching, this is what motivates them.”
Over the course of his 19-year
NBA career, O’Neal made$292,198,327 from his NBA contracts alone,
according toHoopsHype’s salary data. That’s roughly $412,027,500 when adjusted for
inflation.
There were nine seasons in which
Shaq made at least $20 million, and he was the highest-paid player
in the league in 1999-00, 2004-05 and 2005-06. He’s also made a ton
of money from his lucrative endorsements and successful
investments, plus his salary from Turner Sports.
O’Neal’s largest NBA salary came
in 2004-05, when he made a league-high $27,696,430 from the Miami
Heat. This season, that salary would be 38th among all players.
But, again, this doesn’t factor in inflation. When adjusted for
inflation, that salary would be $37,638,674, which would be
sixth-highest in the NBA today.
O’Neal sees Gobert sign a
five-year, $205 million contract and gets frustrated because Gobert
will likely surpass his career earnings, but he's not factoring in
inflation.
And, again, O’Neal is doing just
fine financially. Not only did he make a ton of money from his NBA
contracts and endorsement deals, he’s been very smart with his
investments. Shaq was an early investor in companies such as
Google, Lyft, Uber and GE, which he also discussedon
"The Rex Chapman Show."
“I don’t ever want to sound like
I’m an expert. One thing I’m good at is respecting people; one
thing I’m good at is being humble. A lot of these deals just fell
into my lap,” O’Neal explained. “For example, the Google deal: I’m
at the Ritz-Carlton, having breakfast by myself in L.A. and there’s
a bunch of big-time gentlemen eating next to me with their
children. It’s a Saturday around brunch time, so I just started
playing with one of the guys' kids. I’m being nice to them,
recognizing them, playing with them and doing things. Then, the guy
goes, ‘Man, I’ve always loved you and always wanted to meet you. I
want to give you an opportunity to invest in something that’s going
to change the future.’ He started talking about the Google search
engine, and I knew nothing about it. I said, ‘You know what? I’m
going to have you call my guy on Monday and then we’ll talk about
it.’ And we talked about it and we did it. That’s how that one came
about.
“The other things just, again,
[came from] being nice. I’m always taking pictures with people and
doing this and doing that. The Lyft [investment], it was the same
thing. I’m at a conference with a friend of mine named Al
Palagonia, who owns Apollo Jets. So, we’re there looking at planes
and this guy is like, ‘Hey, I got something for you, Shaq!’ ‘What
do you got?’ ‘It’s called Lyft.’ ‘Okay, I like it. Call my guy, he
knows a little bit more about it.’ And then we did it. Another good
thing is I’ve always been smart enough to hire people smarter than
me. A lot of guys come with these big terms, these big names, and
they have no idea what they’re talking about. But if it sounds good
and I like it, I’ll give it to my guy who speaks that language. So,
a lot of these deals have been just by being nice to people and
being respectful. I would like to sit here and say, ‘I’m an expert,
do this and do that,’ but that’s not really the case with me. Thank
God my mother and father always taught me how to respect all
people.”
Shaq’s stepfather,Phillip “Sarge” Harrison, was an
Army drill sergeant who had a profound impact on the NBA legend.
When asked how he learned to save money, O’Neal credited Harrison
as well as the book"Starting & Running a Business for
Dummies.”
“A lot of people don’t know this
but Sarge, my father, loved the NBA so much that every time an NBA
player made a mistake, those were his sons, so he’d come to his
other son and punish me,” Shaq said. “The biggest ass whooping I
got was when Len Bias passed away. My father came in one night and
kicked the door open. He was crying and he was like, ‘If you ever
do coke, I’ll kill you!’ My dumbass was like, ‘Dad, I don’t drink
Coke, I drink Pepsi!’ I didn’t know; I think I was like 12 or 13 at
the time. But, brother, when I tell you his uniform was open and he
was crying like it was his son that made a mistake. And he would
just grab me, ‘If you ever do coke, I’ll kill you!’ I’m like, ‘I
drink Pepsi!’ ‘Motherfucker, I’m talking about the drug!’ That’s
why I never do drugs. That’s why I never did weed, I never did
anything because of that. So, whenever an athlete would do
something crazy, he’d bring it to my attention. I could be sitting
there [and he’d say], ‘This dude had $5 million and now he’s
broke.’ He was just putting it in my head. I wanted to get rid of
that first check because I got tired of seeing them struggle. Like,
brother, ‘You never had a new car. You never had an expensive car,
so get it.’ Or, ‘You never had a big house in a private gated
community, so we’re going to take care of that.’ I know I
gotsomemoney coming in, so just let me
take care of this -- $150K, $150K, and $850K for the house; that’s
a million. I know I got some other stuff coming in, but I want to
get this million out the way. But then I said to myself, ‘They were
right… so now I gotta know how to [save money].’
“The best book I read was the
'Dummies Guide to Starting Your Own Business.' The first thing I
did was start a subchapter S corporation. I made my mom an
employee, made my dad an employee, gave them cell phones, and got
some of that money back; I wrote it off. Then, I said, ‘Okay, now I
really gotta start thinking about it.’ I bought a quote book one
day because I always wanted to sound smart, and Dwight D.
Eisenhower once said, ‘The greatest leaders are the ones smart
enough to hire people smarter than them.’ So I got a guy that was
in this business and he would guide me like, ‘Hey man, you should
do this.’ And the people that are around me, they don’t just tell
me what I want to hear. Like, the other day I wanted to buy a
Rolls-Royce for $570K and they talked me out of it. I don’t need
it, but I was in the Rolls-Royce and it just looked so pretty. I
was like, ‘Damn… What if I trade this in, trade this in, and trade
this in?!’ ‘Well, you can trade those in, but you’ll still need
$300,000 and I don’t think you need it.’ I’m just glad I got good
people around me.”