Basketball player Terrence Shannon Jr.’s Net Worth is estimated to be $5 Million. His worth continues to develop rapidly due to his devotion and hard work in his occupation. He gained a substantial portion of his impressive net worth through dividends as a guard for the Illinois Fighting Illini in the Big Ten Conference. Check out David Robinson’s Net Worth.
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What is Terrence Shannon Jr.’s Net Worth?
Basketball player Terrence Shannon Jr.’s Net Worth is around $5 Million as of 2025. He earns around $3,00,000 in salary from his NBA career. We regret to notify you that there is presently no data available about the home and cars of a well-known American university basketball performer. This is due to privacy and safety concerns. We value your curiosity and will deliver updates as soon as more details become public.
| Name | Terrence Shannon Jr. |
| Net Worth (2025) | $5 Million |
| Profession | Basketball player |
| Monthly Income | $20,000 + |
| Yearly Income | $0.3 Million + |
| Number | 0 (Illinois Fighting Illini men’s basketball / Guard) |
| Last Updated | 2025 |
Salary and Contract Details
Terrence Shannon Jr. signed a 4-year, $13,076,519 contract with the Minnesota Timberwolves, including $5,220,720 guaranteed and an average annual salary of $3,269,130. In 2024-25, Shannon Jr. will earn a base salary of $2,546,640 while carrying a cap hit of $2,546,640 and a dead cap value of $2,546,640.
| Year | Salary |
| 2024 | $2,546,640 |
| Total | $2,546,640 |
| 2025 | $2,674,080 |
| 2026 | $2,801,640 |
| 2027 | $5,054,159 |
| Total | $13,076,519 |
Terrence Shannon Jr. Faces Rape Charge
Illinois basketball celebrity Terrence Shannon Jr. was suspended after rape accusations during a football game in Kansas. The lawyer claims innocence, but the District Attorney has filed charges. Possible punishment: 12-54 years in lockup.
Shannon, a university basketball performer for the Illinois Fighting Illini group, was born in Chicago. Despite his high school success and football experience as a receiver, he didn’t obtain any Division I basketball scholarship offers. Afterward, he moved to IMG Academy and competed for DePaul and Texas Tech.
Terrence had outstanding performances during his 1st year, including a season-high 24 points against DePaul. In his 2nd year of university, he averaged 12.9 points, four rebounds, and 1.1 steals per match. Terrence declared for the NBA draft while continuing to compete at Texas Tech on April 8, 2021.
Terrence Shannon Jr.’s Personal LIfe
Shannon was born on July 30, 2000, to Treanette Redding and Terrence Shannon Sr. In 2004, his dad trained with the Detroit Pistons. He went to Lincoln Park High School in Chicago and competed in basketball, averaging 15 points each tournament. He also played football.
After not obtaining any Division I scholarship offers, he reclassified to the class of 2019 and proceeded to IMG Academy in Florida. He received attention from university programs for his success with Mac Irvin Fire on the AAU circuit. He was previously devoted to DePaul but changed to Texas Tech. You may also like Khris Middleton’s Net Worth.
| Real Name | Terrence Edward Shannon Jr. |
| Nick Name: | Terrence Shannon Jr. |
| Birth Place: | Chicago, Illinois, United States |
| Date Of Birth: | 30 July 2000 |
| Age: | 24 years old |
| Height: | 198 cm / 6′ 6″ |
| Weight: | 102 kg /225 lbs. |
| Eye Colour: | Black |
| Hair Colour: | Black |
| Education: | University of Illinois Urbana-Champaign, Texas Tech University |
| Religion: | Christian |
| Nationality: | American |
| Zodiac Sign: | Gemini |
| Gender: | Male |
| Sexual Orientation: | Straight |
| Parents: | Terrence Shannon |
| Profession: | Basketball player |
| Siblings: | Kaileiah |
Terrence Shannon Jr. Career
SShannon had a successful high school career and grabbed the attention of university programs. He finally decided to join Texas Tech after considering proposals from other academies. Terrence had several standout performances in his first season and gained a place on the Big 12 All-Freshman Team. He obtained the Julius Erving Award and Big 12 honors in his 2nd year. After facing eligibility problems, he declared for the NBA draft but came back to Texas Tech.
After a temporary leave of absence, he was permitted back into the group after three competitions. In his junior year, Shannon performed excellently before joining the transfer portal on March 25, 2022. Terrence committed to Illinois on April 29, 2022. After his 1st year, he considered coming into the NBA draft but decided to stay at Illinois for his 2nd season.
On December 27, 2023, he was charged on charges of rape and sexual attack. There were also allegations of sexual battery involving a teenager born in 2005. The group suspended him after he posted bail the next day.
FAQs
Terrence Shannon Jr.’s total net worth is around $5 Million.
Currently, Terrence Shannon Jr. is 24 years old (30 July 2000).
Terrence Shannon Jr. earns an estimated salary of $0.3 million per year.
The height of Terrence Shannon Jr. is 1.98m. (6’ 6”).
