Read Pat Riley Net Worth, Basketball, and Coaching Career

Patrick James Riley, popularly known as Pat Riley, is among the top 50 richest NBA players. You can recall him as a former American NBA player, NBA executive, coach, and Miami Heat’s president. His life journey surrounds the National Basketball Association (NBA), entering it as a player, transitioning to head coach, and being known as an executive.

Do you want to know how much he makes? Dig inside the informational guide exploring Pat Riley net worth, his basketball career details, sources of income, stats, and achievements. In addition, you will learn about his early life and education and the phenomenon that led him into a sports career.

Pat Riley Net Worth

Pat Riley net worth is estimated to be $120 million. You can understand him as the current Miami Heat’s president and a renowned former basketball player. While discussing his net worth insights, Riley’s sources of income come into consideration.

The head coach and the former player earned through his career as head coach and royalties due to his patent “Three-Peat” phrase. Pat Riley salary is $11 million, and he also makes an immense amount as his annual revenue.

Pat Riley Basketball Career Insights

Pat Riley played basketball and football in high school and university and won several titles. However, he professionally grabbed his chance in 1967 when the San Diego Rockets selected him. Riley was also selected as a wide receiver by the Dallas Cowboys in the NBA Draft.

Though he did not get enough time to get along with the teams, he made it to the three seasons. Later, Pat joined the Los Angeles Lakers in 1972 and played havoc, making Pat Riley's stats. He paired with the team for five seasons, making it the NBA Champion.

From 1975-76, Pat Riley was traded to the Phoenix Suns. After spending 9 seasons in the NBA as a player, he announced Pat Riley's retirement date, scoring 7.4 points per game.

Pat Riley Sources of Income

The era when Pat Riley retired made him into the NBA again, not as a player, but as an NBA coach. It was a time when the Lakers head coach suffered from an injury due to an accident, and Riley was called for a rescue. Here is the description of Riley’s career as a coach and president of the Miami Heat.

Basketball Coaching

Pat Riley started his NBA coaching career as an assistant coach of the Lakers in 1977. The team won against the Philadelphia 76ers that time, giving Pat Riley championship rings. Riley made his image of wearing Armani suits with slicked hairstyles. It was the Laker's “Showtime” era.

Pat continued directing the teams, and as a result, the NBA Lakers won three championships under the three-peat fame rally. In 1991, Pat Riley joined the New York Knicks, but after a few years, he became the head coach of the Miami Heat. Serving his duty in all his glory from 1995-2003, he resigned from the designation due to unknown reasons.

After two years, Pat was again appointed head coach of the Miami Heat. Under his guidance, the team won the 2006 Championship. The head coach also recruited LeBron into the team. Pat Riley and LeBron James expressed respect and honor toward each other.

The victory brought the announcement of Pat Riley becoming the president of the Miami Heat. When digging about how much he has earned for this position, sources reveal that Pat signed a contract with Miami worth $40,000,000, deciding his salary of $11 million.

Earning from Royalties

Apart from his basketball player and team’s resident earnings, Pat Riley also earns from royalties. The phrase three-peat, which was once associated with the Lakers, is now the trademark of Riley as his corporate entity Riles & Co. with trademark number #1552980.

This means that anyone who commercially uses the phrase has to pay a specific amount to Pat. For instance, the Chicago Bulls, after pulling off two “three-peats,” paid Pat Riley a licensing royalty of $3,00,000 in 1993 and $6,00,000 in 1998.

Pat Riley Real Estate and Car Collection

Pat Riley has shown exceptional performance in the NBA, both as a player and as a team coach. His popularity and contributions earn him money and uplift his lifestyle. Pat Riley is interested in real estate and often buys or sells property, expanding his bank account.

Pat Riley owns several properties in various U.S. locations. In 2012, he listed one of his Miami mansions, which he bought in 1996 for $3 million, for sale. The couple earned $16.75, which is definitely a huge lump sum compared to the purchasing price. The house covers over 2 acres of land and has luxurious basic facilities.

Likewise, Riley also listed his two Malibu homes in Broad Beach for rent. The former lets the coach earn $18,500, while the latter obtains $16,500 to add to Pat’s account. These two properties offer ocean views and direct access to the beachfront.

Recently, Pat Riley bought a condo in one of the prestigious buildings at the Surf Club side. The location has several celebrity houses. Pat Riley also has a home in South Beach in the Apogee building, while the exact Pat Riley house is still undercover.

Pat Riley is an emerging car collector who owns several vintage or modern cars, compared to comedian Jay Leno and wrestler John Cena. Here is the list:

• 1956 Porsche 356 Speedster
• 2015 Ferrari FF
• 2012 Mercedes-Benz SLS AMG Roadster
• 1965 Shelby Cobra 427
• 2018 Rolls-Royce Phantom

Pat Riley Early Life

Pat Riley was born to Mary Rosalia and Leon Riley on March 20, 1945, in Rome, New York. The future player was raised in Schenectady and inclined toward becoming a basketball or football player.

The young Pat Riley was admitted to Linton High School, where he played basketball, making a partnership with Lew Alcindor and coming through with flying colours. After his high school victories, Par Riley attended the University of Kentucky. He played for the Kentucky Wildcats there and earned numerous honors.

Pat Riley Personal Life

As far as his personal life is concerned, Pat Riley is a one-woman and family-oriented person. He married in his early years in 1970. Pat Riley's wife is Christine Rodstrom, and the couple has two adopted kids, a son and a daughter.

Pat Riley Book

Pat Riley is an all-round personality who also wrote two books that became popular in New York's Best Time Selling list. His first book discusses the Lakers’ success, while his second book highlights business leadership.

1. Showtime: Inside the Lakers' Breakthrough Season (1988)
2. The Winner Within: A Life Plan for Team Players (1993)

Pat Riley Awards and Achievements

Pat Riley dedicatedly played various NBA roles, be it player, head coach, or president. His efforts and hard work also contributed immensely to his net worth, making him one of the top 50 richest NBA players, including Kevin Garnett and Grant Hill.

He also achieved several honors and awards, which are mentioned below.

1. First Team All-SEC
2. NCAA Regional Player of the Year
3. All-NCAA Tournament Team
4. SEC Player of the Year
5. Chuck Daly Lifetime Achievement Award (2012)
6. The University of Kentucky named its Alumni gymnasium after Pat, known as Pat Riley Court, in 2002.

Pat Riley Quotes

Here are some of the famous Pat Riley quotes that you must know:

1. Excellence is the gradual result of always wanting to do better.
2. You don’t back into great achievements… You have to approach every potential great achievement in a state of total confidence.
3. The greater a single teammate’s success, the stronger the resentment can be from the weakest 20 per cent.
4. When a gifted team dedicates itself to unselfish trust and combines instinct with boldness and effort—it is ready to climb.
5. Showtime was great, Madison Square Garden was exciting… but the Miami Heat will always be family.

FAQs

What is Pat Riley net worth?

Pat Riley makes $120 million in his net worth as of 2025. He is famous as the NBA’s Miami Heat Head coach and president.

How tall is Pat Riley?

Pat Riley’s height is six feet three inches.

How many rings did Pat Riley win as coach?

Pat Riley won nine NBA championships as a player, Laker’s assistant coach, head coach, and executive.