The estimated net worth of basketball player Terrence Shannon Jr. is $5 million.Because of his dedication and diligence in his line of work, his value keeps growing quickly. As a guard for the Illinois Fighting Illini in the Big Ten Conference, he earned dividends that contributed significantly to his outstanding net worth.

What is Terrence Shannon Jr.’s Net Worth?

The Minnesota Timberwolves offered Terrence Shannon Jr. a 4-year, $13,076,519 contract that included a $5,220,720 guarantee and an average salary of $3,269,130 each year. Shannon Jr. will have a basic salary of $2,546,640 in 2024–2025, with a $2,546,640 cap hit and a $2,546,640 dead cap value.

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

The Minnesota Timberwolves offered Terrence Shannon Jr. a 4-year, $13,076,519 contract that included a $5,220,720 guarantee and an average salary of $3,269,130 each year. Shannon Jr. will have a basic salary of $2,546,640 in 2024–2025, with a $2,546,640 cap hit and a $2,546,640 dead cap value.

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

Terrence Shannon Jr., an Illinois basketball star, was suspended following allegations of rape at a Kansas football game. The lawyer asserts innocent, but the District Attorney has brought charges. A 12- to 54-year jail sentence is one possible consequence.

Born in Chicago, Shannon plays collegiate basketball for the Illinois Fighting Illini. He had football experience as a receiver and excelled in high school, but he was not offered a Division I basketball scholarship. He then relocated to IMG Academy, where he played for Texas Tech and DePaul.

Terrence scored a season-high 24 points against DePaul, one of his standout games in his rookie campaign. He averaged 12.9 points, four rebounds, and 1.1 steals per game during his sophomore year. On April 8, 2021, Terrence announced his intention to enter the NBA draft while still competing at Texas Tech.

Terrence Shannon Jr.’s Personal LIfe

Treanette Redding and Terrence Shannon Sr. welcomed Shannon into the world on July 30, 2000. His father trained with the Detroit Pistons in 2004. He played basketball at Chicago’s Lincoln Park High School, scoring an average of 15 points each tournament. He was a football player as well.

He transferred to IMG Academy in Florida after reclassifying to the class of 2019 after failing to receive any offers of Division I scholarships. His success with Mac Irvin Fire on the AAU tour attracted the attention of university programs. He switched from being loyal to DePaul to Texas Tech.

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

After a stellar high school career, Shannon caught the interest of university programs. After weighing the offers from various academies, he ultimately chose to enroll at Texas Tech. Terrence earned a spot on the Big 12 All-Freshman Team thanks to a number of outstanding performances during his first campaign. In his sophomore year, he won the Julius Erving Award and received Big 12 honors. He returned to Texas Tech after declaring for the NBA draft due to eligibility issues.

After three competitions, he was allowed to rejoin the group following a brief leave of absence. Shannon excelled in his junior year prior to signing up for the transfer portal on March 25, 2022. On April 29, 2022, Terrence made his Illinois commitment. He thought about entering the NBA draft after his first year, but ultimately chose to play his second season at Illinois.

He was charged with rape and sexual assault on December 27, 2023. A 2005-born teen was also accused of sexually assaulting someone. When he posted bail the following day, the group suspended him.

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