Memphis Grizzlies guard Ja Morant reportedly has made his first personal investment since extending his contract with the franchise for an additional five years in July. This agreement locked the athlete in for $193 million, and with this additional bank, he purchased his next-door neighbor’s home for $3.05 million.
Morant’s new house, located in Eads, can boast it has been owned by several elite basketball players over the years. Most recently, it was the home of Kyle Anderson, who signed with the Minnesota Timberwolves this offseason. However, before that, it belonged to baller Monta Ellis, who bought it from the late Lorenzen Wright, according to the Memphis Business Journal.
While the history of the property is interesting, what is more profound is how the 23-year-old does his business.
When the Murray State alum purchased the first house in Tennessee, a month-and-a-half after being drafted second overall by the Grizzlies in 2019, where he signed a four-year contract for $39.6 million, he acquired it through an entity called Mountain Brook Cove Land Trust, paying $1.334 million.
For the new property, the Shelby County Register of Deeds notes he purchased it through Mountain Brook Cove Land Trust #2.
The 2020 NBA Rookie of the Year announced the new house and what he did with his old house on social media. The Bleacher Report reposted it on Twitter. A caption on the announcement says, “My parents & lil sis my neighbors … dats major.”
In the video, showing a beautiful estate, he can be heard saying, “Look at my crib.”
“Aye Pops,” he then yells across the way, and after the father responds, Morant says, “We neighbors now.”
The dad playfully tells him, “Go back to your house. We don’t need you over here.”
“I can’t come to your house?” he says, playing along with the joke.
The dad says “no.”
“Aight … I see you later,” Morant says as he still walks over.
“Security,” the parent shouts.
The South Carolina native finally submits, saying with a chuckle, “My Bad.”
In addition to his salary with the NBA — with Spotrac saying he brought in an estimated earnings of $27,500,400 over the last three seasons— he has a couple of endorsement deals. Morant’s reported net worth is $80 million. He earns over $11 million in salary annually.
The outlet Essentially Sports reports he has a Sneaker contract with Nike and another deal with BodyArmor for undisclosed amounts.