Pat Spencer, a multi-sport athlete known for his excellence in both lacrosse and basketball, had been waiting for his career for so long. Reason? He was a star lacrosse player at Loyola, but basketball called him. It might hurt if you follow lacrosse, but for basketball, it was never a loss. After dominating college lacrosse and winning the Tewaaraton Award in 2019, he switched to basketball, playing at Northwestern for the 2019-20 season. Well, it was a great decision, and thanks to the move today we see him in the NBA.
Needless to say, it is hard to be in the NBA. Existing a far cry, even entry seems a big deal cracked. But for Spencer, with relentless training and a deep understanding of the game, he has made some name for himself but still has a long way to go. But, today let’s see how his journey with the Warriors has been so far.
How much is Pat Spencer getting paid with the Warriors?
When passion turns into hard work, it gets rewarded. Pat Spencer’s contract with the Golden State Warriors went from being a part-time player to a full-time one. On July 25, 2022, he first signed an Exhibit 10 contract worth $1,017,781 with them. Now, it wasn’t a big deal contract-wise, but was just a chance for him to show what he could do in training camp.
But what is an Exhibit 10 contract? This type of contract is non-guaranteed, giving teams the flexibility to cut a player without much risk. For Spencer, it was a shot at making the team, with the chance to go to the G League if he didn’t.
Fast forward to February 22, 2024, and the hooper’s story took another turn. He then signed a two-way contract with the Golden Team. Guessing what is a two-way deal? This allows players to spend time between an NBA team and its G League affiliate. For Spencer, it meant balancing time between the Golden State Warriors and their G League team, the Santa Cruz Warriors. But what are the conditions?
Anyone with such a contract could play up to 50 NBA games during the season. Well, good to an extent, but it comes with its limitations as they can’t be part of the postseason roster. To bring a balance, they can still practice with the team, travel, and watch games from the bench, but they’re not playoff-eligible. The money isn’t huge either. The pay is a flat rate, half of the league’s minimum salary. And while it’s not guaranteed, Spencer still made the most of his opportunity.
But who are signed for these kinds of contracts? It is for players with fewer than four years of NBA experience. The main idea behind this is to let young players grow in the G League while still getting occasional chances in the NBA. But for Spencer, there was something good waiting for him.
However, things went up on March 4, 2025. The Warriors made a big move by converting Spencer’s two-way contract into a standard NBA contract. Means? He’s now fully on the roster, getting paid like a regular NBA player. It was a one-year deal worth $438,810 with the Warriors ensuring he’ll be around for the rest of the season.
As for Spencer, going from Exhibit 10 to two-way to now a standard NBA contract, was a wild ride and it’s exciting to see how he’s embraced the opportunities. His hustle is a great reminder that persistence can pay off. For a player like him, getting that call-up from a team like the Warriors shows what’s possible when a team believes in you. Wouldn’t it be nice if more players got their chance that way? So now that a lot about his journey in the NBA, let’s look at how much is his net worth and more.
What is Pat Spencer’s net worth? Does he have any brand deals?
Pat Spencer’s exact net worth isn’t publicly available, and it’s not clear if he has any major brand deals just yet. One of the many reasons why he doesn’t have any brand deals can be because he’s still building his profile in the basketball world. The revenue from the court will come, but he is diving into business ventures outside of basketball. After signing his two-way contract with the Warriors, he became an investor in Chillshark, a startup focused on cold-water immersion.
And what does it do? Chillshark makes a portable chiller that cools water to 38 degrees. Spencer’s connection to the product goes deeper than just business. His childhood friend, Keegan O’Connor, founded the brand after experiencing the healing benefits of cold-water immersion for his PTSD.
And his reason to get into it? Spencer saw a mental benefit, which is why he got involved. As he says, “becomes a way of life” This is a mindset that’s tied to both physical and mental recovery. It’s not just about getting a good workout, but also about finding balance. But, you know what’s interesting? Pat’s brother, Cam Spencer, a Memphis Grizzlies guard, also invested in the company. So the family sees the value in helping others, and their fortune is only going to be higher from here on.
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