Steve Kerr Net Worth

What is Steve Kerr's net worth and salary?

Steve Kerr is a retired American professional basketball player and current NBA coach who has a net worth of $65 million. Steve Kerr's annual salary from the Golden State Warriors is $17.5 million.

Steve Kerr played 14 seasons in the NBA. He then became a broadcaster and executive for the Phoenix Suns. He became head coach of the Golden State Warriors in May 2014. With the Warriors to date, he has won four NBA Championships (2017, 2017, 2018, 2022). He won five NBA Championships as a player, three with the Chicago Bulls (1996, 1997, and 1998) and two with the San Antonio Spurs (1999 and 2003). Steve is also the coach of the USA Men's Olympic team, which has earned him two Gold Medals, one in 2020 and another in 2024.

NBA Career Earnings

During his NBA playing career, Steve earned a total of $15.8 million. That's the same as around $24 million today. His biggest playing salary came during his final season, 2002-2003, when he earned $2.625 million from the San Antonio Spurs.

Coaching Salary & Contracts

When he became coach of the Warriors in 2014, Steve Kerr signed a five-year, $25 million contract. That's $5 million per season. He agreed to a contract extension in July 2018. Terms were not released, but it's believed that the deal was not significantly different in terms of salary. In February 2024, Steve signed a two-year, $35 million deal with the Warriors. The deal works out to an average annual salary of $17.5 million and made him the highest-paid NBA coach of all time up to that point.

At that salary, Kerr earned more in a single season as Warriors coach than he made during his entire 15-year NBA playing career, which totaled just under $16 million.

That 2024 extension lined Kerr's contract up with Stephen Curry's deal, keeping both with Golden State through the 2025-26 season. After a disappointing 2025-26 campaign in which the Warriors finished 37-45 and lost in the play-in tournament, there was speculation that Kerr and the franchise might part ways. Instead, Kerr agreed to return on a new two-year contract. Exact financial terms were not publicly released, but the deal reportedly keeps him as the highest-paid coach in the NBA, meaning his annual salary will remain above the $17.5 million he earned during the 2025-26 season.

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Early Life

Steve Kerr was born on September 27, 1965, in Beirut, Lebanon. Steve's grandfather, Stanley Kerr, was an American humanitarian who moved to Beirut to help rescued woman and orphans hurt by the Armenian Genocide. Steve's father, Malcolm, initially studied at Princeton but returned to Lebanon to finish his studies after dealing with a debilitating case of arthritis. Malcolm ended up earning several advanced degrees, including a Ph.D. in Arabic Studies. Malcolm met Ann Zwicker while they were both studying at the American University of Beirut. Steve, born in 1965, would be the third of four total children.

Tragically, Malcolm was assassinated by militant nationalists in Beirut on January 18, 1984. At the time, he was serving as president of the American University of Beirut. Steve was 18 years old at the time, a freshman at the University of Arizona. The family would later sue the government of Iran under the Antiterrorism and Effective Death Penalty Act of 1996.

Despite being minimally recruited in high school, Steve would go on to have an impressive collegiate playing career. He even landed a spot on the USA Basketball team that won a Gold Medal at the 1986 FIBA World Championship games. This was the last year where the major Men's basketball teams were required to consist strictly of non-professionals, hence the 1992 Olympic "Dream Team" consisting of players like Michael Jordan, Charles Barkley, and Magic Johnson.

NBA Career

Steve was selected in the second round of the 1988 NBA draft by the Phoenix Suns. He was traded to the Cleveland Cavaliers in 1989. His most notable success came during his time with the Chicago Bills. During his career with the Chicago Bulls, he won three consecutive NBA Championships. His teammate, Michael Jordan, was famously very hard on Steve during their time together and even went so far as to punch him during a practice. He won two additional Championships with the San Antonio Spurs in 1999 and 2003.

Steve Kerr is currently the record holder for having the most accurate three-point shot in NBA history.

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Post NBA Career

Kerr retired following the 2003 championship season. He was immediately hired as a broadcast analyst for Turner Network Television (TNT). While working for TNT, he also contributed as an NBA commentator to Yahoo!. He is the voice commentator on several video games such as NBA Live 06, NBA Live 07, NBA Live 08, NBA Live 09, and NBA Live 10. He provided the voice of the color commentator for NBA 2K12 in 2011. Kerr joined the team of Jim Nantz and Clark Kellogg for the First Four and final four games of the NCAA Men's Division I Basketball Championship starting in 2011 for Turner Sports and CBS.

In 2004, Kerr and a group of investors attempted to buy the Phoenix Suns from owner Jerry Colangelo for $300 million. The deal was never consummated, but Steve ended up serving as the team's General Manager from 2007 to 2010.

Golden State Warriors

Steve continued working for the Suns until May 14, 2014, when it was announced that he would become head coach of the Golden State Warriors. He had been hotly recruited by a number of teams, notably the Knicks, but the Warriors sealed the deal with a 5-year, $25 million contract.

In his first season, he reshaped Golden State around pace, spacing, ball movement, three-point shooting, and a flexible defensive identity built around Stephen Curry, Klay Thompson, Draymond Green, Andre Iguodala, and a deep supporting cast. The result was a 67-win season and the franchise's first NBA championship in 40 years.

Kerr's Warriors became the signature team of the modern three-point era. In 2015-16, they went 73-9, breaking the single-season wins record previously held by the 1995-96 Chicago Bulls. Although that season ended with a Finals loss to the Cleveland Cavaliers, Golden State responded by adding Kevin Durant and winning back-to-back titles in 2017 and 2018. The Warriors reached five straight NBA Finals from 2015 to 2019, winning three championships during that stretch.

After injuries and roster turnover knocked Golden State out of contention, Kerr helped guide the franchise through a reset. With Curry, Thompson, and Green reunited, the Warriors won another championship in 2022, defeating the Boston Celtics and cementing Kerr's place among the most successful coaches in NBA history.

Kerr's later years with Golden State have been more uneven, as the franchise has dealt with an aging core, roster transitions, and inconsistent results. Still, his tenure remains extraordinary: four NBA championships, six Western Conference titles, a 73-win season, and more than 600 regular-season wins with the Warriors. He has been both the steward of Stephen Curry's prime and one of the central figures in changing how modern NBA basketball is played.

Personal Life

Steve has been married to his college sweetheart, Margo, since 1990. They have three children together.

Real Estate

In August 2018, Steve and Margo paid $7.35 million for a 4,000-square-foot home in San Francisco's Presidio Heights neighborhood. They actually overpaid by $1.4 million over asking.

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