• Moses Malone ensured his first professional contract took care of his mother before anything else
• The contract ensured his mother received $500 a month and $25,000 for housing expenses, among other things
• Malone ended up becoming a three-time league MVP
NBA players often seek to bring their whole family into the generational wealth NBA contracts afford them. Nowadays, it’s in the hundreds of millions, but even a couple of hundred dollars would go a long way back in 1974.
Moses Malone was selected in the ABA Draft by the Utah Stars as a third-round pick. When the time came to sign his first professional contract, Malone ensured some clauses were included that took care of his mother, as revealed in Terry Pluto’s book Loose Balls. The stipulations were the following:
- During the length of the agreement, the club agrees to pay the mother of the player $500 a month.
- The club shall provide a housing allowance for the mother of the player up to a total of $25,000, to be paid out at $335 a month during the length of the agreement. If the contract expires before the full $25,000 is paid, the club may either continue making monthly payments or settle the difference in a lump sum.
- The player will receive a $40,000 signing bonus.
- The mother of the player will receive $10,000 upon the signing of the contract.
Malone put all this in his contract because of pure love for his mother. He may not have known it at the time, but Malone would end up being one of the league’s all-time greats.
The Incredible Career Of Moses Malone
Moses Malone gets forgotten in the annals of NBA history, but his contribution to the league was crucial. He is a three-time regular season MVP winner, 12-time All-Star, and eight-time All-NBA selection. The icing on his career came when he won the 1983 NBA Championship with the Philadelphia 76ers and was named Finals MVP.
Malone played until 1995, suiting up for the Houston Rockets, Philadelphia 76ers, Washington Bullets, Atlanta Hawks, Milwaukee Bucks, and the San Antonio Spurs. He averaged 20.6 points and 12.2 rebounds in 1,329 regular-season games for his career before calling it quits as one of the league’s most decorated stars at the time.
Unfortunately, Malone is no longer with us, passing at the age of 60 in 2015 due to heart disease. He wasn’t there to enjoy his coronation as one of the league’s 75 greatest of all time in 2022, but hardcore fans will always recognize his impact on the game.
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