Rovell: Tobias Harris on What It’s Like to Make a $100M Bet on Yourself

Credit:

Bill Streicher-USA TODAY Sports. Pictured: Tobias Harris

Jul 21, 2019, 12:10 AM EDT
  • Tobias Harris signed a max contract with the Philadelphia 76ers this offseason, guaranteeing him $180 million over the next five seasons.
  • But Harris was only in a position to sign such a lucrative deal because he made a very calculated (and risky) bet on himself.

Last summer, Tobias Harris had a choice to make. He had made $55.8 million in his seven-year NBA career and was due another $14.8 million in the final year of his deal when the Clippers offered him a deal that would double his career earnings with an extension offer worth $80 million.

But Harris bet on himself and rolled the dice, turning down the deal as he eyed unrestricted free agency in the summer of 2019 and a max contract, which would amount to $180 million over five years with his current team or $145 million over four years with a new team.

“Me and my father had talked about it and he said, ‘Listen, I know next summer that I can get you close to a max deal. I’ve seen the way that you worked this summer,’ and for me, my confidence was sky high,” Harris told The Action Network when he joined ‘The Favorites’ Podcast.

It helps that Harris’ father Torrell is not only his dad, he is also his agent. And it’s not like he just entered the business. He’s been doing this for three decades.

Torrell said that Clippers president Lawrence Frank wasn’t surprised when he turned down the $80 million offer for his son. The same couldn’t be said for the public.

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