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John Wall drops $4.9 million on a new mansion in DC

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Even since he received his $80 million max contract, John Wall has been living large. Over the summer, Wall has expanded his tattoo collection, made it rain in a DC club, and partied with Luda on Labor Day. Now, the Washington Post is reporting that Wall purchased a 17,350 square foot mansion in Potomac for $4.9 million a few weeks ago. The two-acre property has eight bedrooms, twelve bathrooms, a six-car garage, home theater, pool, hot tub with waterfall, outdoor grill and cabana, fitness room, steam room, tennis court, putting green, volleyball court, and, of course, an indoor basketball court.

Until now, Wall has been living in a luxury apartment in downtown DC, but now, has the money to really make himself at home…all 17K square foot of it.

Not to get all “House Hunters” here, but I want more details. Is the shoe closet half as good as Chris Paul’s? Most importantly, what does Cal give him for a housewarming present?

Article written by Mrs. Tyler Thompson

No, I will not make you a sandwich, but you can follow me on Twitter @MrsTylerKSR or email me.

18 Comments for John Wall drops $4.9 million on a new mansion in DC



  1. JC
    1:08 pm September 4, 2013 Permalink

    I think the tea room sold him on the deal.



  2. kymover
    1:11 pm September 4, 2013 Permalink

    The “Kentucky Effect” !



  3. Michael F. Jox
    1:26 pm September 4, 2013 Permalink

    That’s pretty damn ignorant right there



  4. UKBlue
    1:28 pm September 4, 2013 Permalink

    It’s not really $80 million, more like the high 30’s to low 40’s. Half already gone to taxes, plus his agent & manager get their %. Someone better get JWall to watch ESPN Broke again.



  5. KJ
    1:31 pm September 4, 2013 Permalink

    Pissing his money away & well on his way to being another sad story & broke in a few years, thought Cal taught them better than this.



  6. TheLaw
    1:35 pm September 4, 2013 Permalink

    3, 4, 5 – Really?

    Congrats J-Wall!!!



  7. HatersGonnaHate
    1:40 pm September 4, 2013 Permalink

    lol at all the haters. Congrats J Wall, and enjoy!



  8. WesternKYChick
    1:46 pm September 4, 2013 Permalink

    Come on guys. $4.9 mil isn’t much to someone who will make $80 mil in 5 years. Even w taxes and other stuff, it’s probably barely over half a years pay. Hell I only make $60,000 a year and live in a $120,000 house.



  9. 4, 5
    1:47 pm September 4, 2013 Permalink

    He is also in commercials, has his own shoe, has sponsors, i’m pretty sure he isn’t going to have any problems just because he bought a really nice house. Probably paid in cash too so he’s all set.



  10. DH
    1:49 pm September 4, 2013 Permalink

    He’s also getting PAID in endorsement money. He makes more in a year than his house is worth.



  11. DH
    1:50 pm September 4, 2013 Permalink

    9) You beat me to it…



  12. J in Orlando
    1:52 pm September 4, 2013 Permalink

    Its not pissing money away…in a few years he will sell that place at a profit most likely…and #4, just lol…I hope someone else does your taxes. D.C. has no state tax and these contracts are paid out in a way to minimize tax implications. Its more like 55-60 million after taxes (before endorsements)



  13. j-huh
    1:53 pm September 4, 2013 Permalink

    Actually seems like he got a bargain. 17k sq. ft?!



  14. Hm.
    2:00 pm September 4, 2013 Permalink

    You know, if you read the article you linked it tells you exactly how many bathrooms are in the house.

    Just saying.



  15. bosshog
    2:22 pm September 4, 2013 Permalink

    I can see that there are not many money managers here. A home is an asset, and though there might be better asset classes at a given time, the choice to invest in a luxury home in a market like DC is a fairly reasonable decision. Though I would choose differently, and have my concerns about all of these guys getting instantly rich off talent that has nothing to do with making money, I don’t find Walls decision alarming. People keep bringing up “broke,” though they’re consistently failing to make the strong connection between very poor speculative investments encouraged by unqualified or scurrilous friends/professionals and the “broke” thesis/story. Sound investment strategy is what will most likely make or break these guys, not spending.



  16. UKBlue1!
    3:19 pm September 4, 2013 Permalink

    A house is historically a good investment. Making it rain isn’t. Hopefully, he is taking some finance or accounting classes. I hate to see him end up like Walker.



  17. harry
    4:23 pm September 4, 2013 Permalink

    Player contracts are very tricky, at times part of the monies are guaranteed. not to mention the agent commissions, taxes etc. If Wall is not the superstar within a certain time frame, his stock will sharply drop followed by the endorsements and the everything else. All I am saying is be careful too many sharks in the waters you swim!!



  18. harry
    4:29 pm September 4, 2013 Permalink

    #12. You are wrong, unless you read his contract line by line!!! Good luck with 50-60 million