Terrence Shannon Jr.'s Net Worth Details

Terrence Shannon Jr. has quickly become a name to watch in the NBA. After a standout college career and a strong rookie season with the Minnesota Timberwolves, fans are eager to know more about his journey, personal life, finances, and on-court performance.

In this article, you’ll discover key facts about his background, early and professional career, contract and salary details, net worth, endorsement deals, and his NBA stats.

Terrence Shannon Jr.’s Biography

Detail Information
Full Name Terrence Edward Shannon Jr.
Date of Birth July 30, 2000
Age 24
Education Lincoln Park HS, IMG Academy, Texas Tech, Illinois
Nationality American
Height 6 ft 6 in (198 cm)
Weight 215 lbs (97 kg)
Turned Pro 2024
Net Worth $5 million
Salary (2024-25) $2,546,640
Career Earnings $2,546,640
Wife/Girlfriend N/A
Instagram Profile @sn1pert
Twitter Profile @sn1per_t

Early Career

Terrence Shannon Jr. was born and raised in Chicago, Illinois, where he attended Lincoln Park High School. He excelled in both basketball and football, earning All-State and All-City honors in basketball and leading his football team to its first conference title as a wide receiver.

Shannon’s basketball skills blossomed during a growth spurt in high school, and he averaged 15 points, 7.5 rebounds, and 2.7 assists per game as a senior.

Despite his achievements, he didn’t receive NCAA Division I scholarship offers right away. Determined to pursue his basketball dreams, Shannon reclassified to the 2019 class and played a year at IMG Academy in Florida.

His performance on the AAU circuit with Mac Irvin Fire drew the attention of major college programs, eventually leading to his commitment to Texas Tech.

Professional Career

After three seasons at Texas Tech, where he earned Big 12 All-Freshman Team and Third-team All-Big 12 honors, Shannon transferred to the University of Illinois. At Illinois, he became one of the most dynamic players in the country, setting school records and earning First-team All-Big Ten honors.

Shannon’s senior season was highlighted by a 40-point game in the Big Ten Tournament and leading Illinois to a conference championship.

Following a not-guilty verdict in a high-profile legal case, Shannon entered the 2024 NBA Draft and was selected 27th overall by the Minnesota Timberwolves.

In his rookie season, he played both for the Timberwolves and their G-League affiliate, the Iowa Wolves, showing flashes of his athleticism and two-way potential.

Terrence Shannon Jr.’s Net Worth Details

As of 2025, Terrence Shannon Jr.’s net worth is estimated at $5 million.

Contract

Shannon signed a four-year contract with the Minnesota Timberwolves worth $13,076,519, including $5,220,720 guaranteed. The deal is structured as a typical rookie-scale contract for first-round picks, with team options for the 2026-27 and 2027-28 seasons.

The Timberwolves have the option to extend his contract in those years, providing flexibility for both the team and player.

Salary

For the 2024-25 NBA season, Shannon’s base salary is $2,546,640. His salary will increase each year, reaching $2,674,080 in 2025-26, $2,801,640 in 2026-27 (team option), and $5,054,159 in 2027-28 (team option). These figures give him solid financial security early in his career.

Career Earnings

Year Team Salary Cumulative Earnings
2024-25 Minnesota Timberwolves $2,546,640 $2,546,640
2025-26 Minnesota Timberwolves $2,674,080 $5,220,720
2026-27* Minnesota Timberwolves $2,801,640 $8,022,360
2027-28* Minnesota Timberwolves $5,054,159 $13,076,519

Endorsements

Shannon’s marketability started in college, where he signed a lucrative NIL (Name, Image, and Likeness) deal worth $243,000 with NextName. He also secured an endorsement with Las Brisas Steakhouse and Table 82 during his time at Texas Tech, showing his appeal to both local and national brands.

As he establishes himself in the NBA, his endorsement portfolio is expected to grow, especially with his Chicago roots and dynamic playing style.

Career Stats

Season Team GP GS MPG PPG RPG APG SPG BPG FG% 3P% FT%
2024-25 Minnesota Timberwolves 32 0 10.6 4.3 1.5 1.0 0.2 0.2 .493 .355 .833

FAQs

1. What teams did Terrence Shannon Jr. play for in college, and what were his major achievements?

Terrence Shannon Jr. played college basketball for Texas Tech and the University of Illinois. At Texas Tech, he earned Big 12 All-Freshman Team and Third-team All-Big 12 honors. At Illinois, he set school records for most points in a season and most free throws made, and was named Big Ten Tournament Most Outstanding Player. He also led Illinois to a Big Ten title and was recognized as Illinois Male Athlete of the Year.

2. What is Terrence Shannon Jr.’s NBA contract and salary with the Minnesota Timberwolves?

Shannon signed a four-year contract with the Minnesota Timberwolves worth $13,076,519, with $5,220,720 guaranteed. For the 2024-25 NBA season, his base salary is $2,546,640. His salary increases each year, with team options in the final two years of the contract.

3. How did Shannon’s high school and prep career influence his path to the NBA?

Shannon attended Lincoln Park High School in Chicago, where he excelled in both basketball and football, earning All-State and All-City honors. Despite not receiving Division I offers initially, he reclassified and played at IMG Academy, which helped him gain attention from top college programs and ultimately paved his way to a successful college and NBA career.

4. What is known about Terrence Shannon Jr.’s family and personal background?

Shannon was born in Chicago to Terrence Shannon Sr. and Treanette Redding. His parents separated when he was two, and he has several siblings from both sides. His father played professional basketball overseas for 20 years, and Shannon credits Montay Robinson, his trainer, as a major influence in his basketball journey.

5. What are Terrence Shannon Jr.’s NBA rookie stats and how has he performed in his first season?

In his rookie season with the Minnesota Timberwolves, Shannon played 32 games, averaging 4.3 points, 1.5 rebounds, and 1.0 assists in 10.6 minutes per game. He shot 48.2% from the field, 35.5% from three-point range, and 81% from the free-throw line, showing promise as a versatile guard-forward.