Pat Riley Net Worth = $80 Million
Pat Riley is the 2nd best coach in NBA history. Phil Jackson notably at number one and Greg Popovich close in rank. Riley was responsible for coaching the "Show Time" Lakers and getting close to a title win with a Knicks team that was "not that talented."
He is a five-time NBA champion and has also been successful on the other side of the business, working in the front office of the Miami Heat.
Source of Wealth
Quotes - Pat Riley Net Worth and Key Habits
"Excellence is the gradual result of always striving to do better." - Pat Riley
"Giving yourself permission to lose guarantees a loss." - Pat Riley
"You have no choices about how you lose, but you do have a choice about how you come back and prepare to win again." - Pat Riley
"People who create 20% of the results will begin believing they deserve 80% of the rewards." - Pat Riley
"Being a part of success is more important than being personally indispensable." - Pat Riley
"Look for your choices, pick the best one, then go with it." - Pat Riley
"You have to defeat a great players aura more than his game." - Pat Riley
"There's no such thing as coulda, shoulda, or woulda. If you shoulda and coulda, you woulda done it." - Pat Riley
"There's always the motivation of wanting to win. Everybody has that. But a champion needs, in his attitude, a motivation above and beyond winning." - Pat Riley
"When a great team loses through complacency, it will constantly search for new and more intricate explanations to explain away defeat." - Pat Riley
Pat Riley Net Worth and Key Habits
Habit #1 - Get 1% Better
Pat Riley is known for conducting thorough research on his players. He collects stats from as far back as possible, in some cases, high school, up through the present. He then uses this data to compute a players' best effort in each discipline — the intent, determining a quantifiable daily goal of 1%.
You may be thinking, 1% better is not much in a day. But after a few years, those 1% increases begin to add up. Imagine how your life might look if you approached all of your skill sets this way. You might realize that you don't need to make huge leaps and jumps- You need to get 1% better over a long period. It's a shift in mindset for sure. But consider if it is good enough for one of the best coaches in NBA history, that it might be useful for you too!
Habit #2 - Make The Sacrifice
Pat Riley's net worth has grown due to his ability to get players to buy into the idea of sacrifice. He does not care how much of a star someone is or used to be. What he cares about is winning as a team. And each player must show up every day committed to play their role as a member.
Year after year , players on Riley's regime sacrifice their shining moment, the big play, to contribute to the greater good of the group.
What are you currently sacrificing? Are you willing to give up something to get something? The truth is, sometimes , the more you want, the more you have to give up to get it.
Habit #3 - Make It Work
Some say that anyone could have coached "The Showtime" Lakers. In reality, what Pat Riley was no small feat. It is hard to get that many star athletes to play together, but he did it.
He earned his respect when he moved to coach the New York Knicks. On paper, the Knicks was a less talented team, yet they almost won a championship. Thus proving that Riley was not just a good coach but a great one.
This example teaches us to learn to make the most of what you have. Successful people are resourceful. Look around. Observe what you have access to and find creative ways to make the most out of every resource.