What is Lance Blanks’ net worth? Exploring fortunes of ex- Phoenix Suns GM

Lance Blanks, the former basketball player and executive, passed away on Wednesday. Blanks' daughter revealed that the former player committed suicide. Ever since then, many basketball fans have been inquiring about his life.

Many fans would like to know Lance Blanks' net worth. According to TDPel Media, Blanks' net worth is estimated at $2 million. Most of his income came from his NBA contracts and his salary as an executive in the league.

Blanks was a 6-foot-4 shooting guard who was the 26th pick in the 1990 NBA draft. He spent three years in the league, playing two seasons for the Detroit Pistons and one season with the Minnesota Timberwolves.

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Lance Blanks played professional basketball overseas

After his brief career in the NBA, Blanks played in a few other leagues, including the Continental Basketball Association (CBA). He eventually went overseas, playing in Germany, Hungary and Cyprus.

Blanks achieved a lot of success after his playing career. He served as an assistant general manager for the Cleveland Cavaliers for five years, before he was named general manager of the Phoenix Suns.

Blanks was the former general manager of the Phoenix Suns (Image via Getty Images)

Blanks was a rookie in the 1990-91 season. His first contract was with the Detroit Pistons as he received $365,000 for his services. Adjusted for inflation, the rookie contract would be worth approximately $808,000 in 2023.

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In his sophomore season, the shooting guard received $415,000, while his contract jumped to $490,000 in his third and final year in the league. In total, Blanks made approximately $1.3 million in the NBA.

Lance Blanks' net worth also benefited from his overseas career. Considering that the former player won championships in Hungary and Cyprus, it's very likely that he was paid handsomely for his services. However, his overseas contract details are not publicly available.

Lance was a tennis coach for his daughter Riley (Image via Sportskeeda)

Once his playing career concluded, he joined the San Antonio Spurs as a scout. He was eventually promoted to director of the scouting department, before leaving the team to join the Cleveland Cavaliers.

Blanks served as the Cavs' assistant general manager for five years. While his salary is unknown, there is no doubt that it made a huge chunk of his net worth. Assistant general managers are mostly paid from $150,000 to $1 million.

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Thanks to his success in Cleveland, the former NBA player became the general manager of the Phoenix Suns in 2010. This was another promotion that boosted Lance Blanks' net worth by at least $1 million over a three-year period.