Jerry Krause Net Worth In 2021 And All You Need To Know About The American Scout

Jerry Richard Krause was an American Sports Scout and executive. He also worked as general manager for Chicago Bulls in the NBA. A distinctive personality, he was known as one of the best NBA executives of all time. His long tenure with the Chicago bulls directly contributed to this. Read on to find out more about this dark horse in the sports industry.

Jerry Krause and his Humble Beginnings

Born in 1939 in Chicago, Krause was very much interested in sports. In school, he played as the catcher for the baseball team. Later, Jerry Krause went on to attend Bradley University. After university, he worked as a scout for the Baltimore Bullets. There, he quickly earned a reputation for having a sharp eye for spotting talent. Consequently, some people credit him with the discovery of the Hall of Famer Earl Monroe.

Jerry Krause (Image: NBA)

After this, he worked for  Phoenix Suns, Philadelphia 76ers, Los Angeles Lakers, eventually settling with the Chicago Bulls in 1985.  Jerry also worked as a Baseball scout. In the 1970s, he worked for Cleveland Indians, Oakland Athletics, Seattle Mariners, etc. Krause also worked for the Chicago White Sox till 1984. During his time with the White Sox, he played a significant role in signing Ozzie Guillén and Kenny Williams. Both of them ultimately led the White Sox to a World Championship in 2005.

His Time with the Chicago Bulls and Career Highlights

In 1985, Jerry came in as the Chicago Bulls GM replacing Rod Thorn. During his time, Chicago Bulls won six NBA championships, and Jerry earned his reputation as a scout. Jerry trained and worked alongside players such as Michael Jordan and Scott Pippen. Standing firm against many ups and downs, Krauss led the team to a glorious stand. Jerry was very professional in his work style, which is evident from the tough choices he made during his time as GM. Owing to his remarkable work ethic and talent, he was also awarded the NBA executive twice.

Jerry Krause with Michael Jordan (Image: USA Today)

Later Life and Retirement

In 2003, Krause decided to retire from scouting and resigned from his role as GM. After this, he worked with New York Yankees before moving on to the New York Mets in 2005. He also worked with the White Sox again in 2010 before breathing his last 21 March 2017.

Jerry Krause: Net worth In 2021

After his death, Jerry’s family- his two children and wife- started looking after his business. Officially, there are no numbers available for his net worth. However, looking at his long and glorious career, one can presume it must be a large number.

In 2017, Jerry was posthumously included in the Hall of Fame as an ode to his phenomenal talent and personality.

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