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What is Tim Donaghy’s net worth? Net Worth: $3 Million Occupation: Referee Country: United States Born: 7 January 1967 Salary (Annual): $400 Thousand Last Update 2022 Tim Donaghy is an American professional basketball referee who has a net worth of $3 million as of 2022. From 1994 to 2007, he served as a referee in the National Basketball Association (NBA) for 13 seasons. In 2007, he resigned after being caught in a gambling scandal. Donaghy officiated in 772 regular season games and 20 playoff games throughout his NBA tenure. Donaghy is perhaps best known for the 2007 NBA gambling scandal. Gamble uses his knowledge of the relationships between players, owners, coaches and referees in professional basketball games. In 2008, he was sentenced to 15 months in prison and 3 years of supervised release. Donaghy wrote a book, Private Foul: A First-Individual Account of the Scandal That Rocked the NBA, after his release from prison in 2009, and in 2021, he debuted as a professional wrestling referee for MLW. In 2022, the Netflix documentary series “Untold” is revisiting the historic scandal that rocked the sports world in the late 2000s with an episode. How much does Donaghy earn as a referee? Donaghy likely earns between $180,000 and $550,000 annually. Obviously, that’s more than enough to make a living, but the minimum NBA player salary according to the NBA’s collective bargaining agreement is much higher at $1-$1.5 million. Tim Donaghy net worth in 2022 $8 million net worth in 2022 $7 million net worth in 2020 $6 million net worth in 2020 $5 million net worth in 2019 $4 million net worth in 2018 Don Life $4 million in 2018 7 Franchi 19 Frankie 197 , A city in the suburbs of Philadelphia, Pennsylvania. Donaghy has always enjoyed basketball. His father, Gerry Donaghy, who refereed high school and collegiate games for nearly thirty years, instilled a love of the game in him, and he automatically became a 76ers fan living in Philadelphia. Donaghy attended Cardinal O’Hara High School in Springfield, Pennsylvania for four years, where he played competitively. Donaghy then studied at Villanova University with a liberal arts degree and graduated in 1989. Donaghy had a degree in refereeing career, but was unhappy with the direction his career was taking. One night, while sitting at the kitchen table with his parents, his mother suggested he consider a career in the NBA. This was all his motivation to start his new dream job. Later, as Donaghy honed his skills as a referee through training camp, NBA supervisor of officials Darrell Garretson noticed him. Donaghy began his career in the CBA, the NBA’s official minor league. He served as a CBA official for three years and was later called up to officiate in the NBA prior to his fourth year. From 1994 to 2007, Donaghy worked with NBA management in 772 regular-season games and 20 postseason games. He participated in the NBA’s Read to Achieve initiative, which included an event at Universal Charter Schools during the 2002 NBA Finals. NBA betting scandal Donaghy joined a country club and developed a golfing circle during his tenure as a referee. However, their activities quickly expanded off the course and into the casino. NBA officials aren’t allowed to bet, but Donaghy argued there’s no harm in picking a few NFL winners. Donaghy and his friend Jack Concannon soon took things a step further. They began betting not only on NBA games, but also on games Donaghy refereed. What started as a few bets quickly became a significant source of income. Donaghy even struggled to hide all the money he won from his wife. Concannon’s former classmate James Bautista decided to enter the betting game himself in 2006. Batista will pay $2,000 if his pick wins. With that inside information, he started betting big sums and made huge profits. Tim Donaghy Net Worth and Salary Former FBI agent Phil Scala finally found out that someone was providing insider NBA information. His crew began making phone calls and following leads, eventually contacting Bautista in April 2007. A grand jury was empaneled and Donaghy began cooperating with the investigation in June. Murray Weiss, a reporter for the New York Post, broke the story on July 20, 2007. Although investigators were unable to determine whether Donaghy operated the games, he pleaded guilty to wire fraud and conspiracy to distribute gambling information and was sentenced to 15 months in prison. In addition to serving time in federal prison, he was ordered to pay $500,000 in fines and $30,000 to the federal government. If that wasn’t enough, a judge also ordered him to pay $233,317 in restitution (along with two other co-conspirators); But, this time, it was the NBA accusing them of cheating. Donaghy’s Income Through NBA Betting Donaghy admitted in the Netflix documentary ‘Untold: Operation Flagrant Foul’, “stock investments, playoff bonuses and my earnings are over $400,000 per year.” He received a discount of about $1.4 million for fixing the match, which he called “The Marriage”. According to some stories, he was initially awarded $2000 but his predictions were so accurate that his reward was increased to $5,000. Donaghy never had to pay for the wrong contract selection. According to the now-famous NBA referee’s own estimates in his FBI, with his average win record of 70-80%, he made $30k overall by giving bookies information. NBA Changes Following the 2007 NBA betting scandal, the league implemented several changes to its officiating rules to ensure that referees followed the rules. The league has promised to conduct more thorough background checks on officials and provide additional counseling during the season. They have begun revealing which officials will work particular games in advance, hoping to reduce the power of insider information. Post-release career After his release from prison in 2009, Donaghy’s book, Personal Foul: A First-Person Account of the NBA Scandal, was published the same year. Triumph Books, the book’s publisher, changed the title from “Blowing the Whistle: The Culture of Fraud in the NBA” to “The Culture of Fraud in the NBA.” According to Pat Bardan, Donaghy’s Triumph representative, the book was dropped because the NBA threatened to sue, which the NBA declined. Eventually, Donaghy discovered the VTi-Group, a new publisher interested in publishing his work. Personal Fouls: A First-Person Account of an NBA Scandal, published in December 2009, is the title of the new book. She was also awarded $1.3 million in 2012 after suing her book publisher for failing to compensate her. Meanwhile, Donaghy has been the focus of several documentaries, including “Tim Donaghy” and “Under His Name,” produced by Vice News. Donagy made his professional wrestling refereeing debut for Major League Wrestling (MLW) in 2021. He managed an IWA Caribbean Heavyweight Championship match. Additionally, in 2022, Donaghy was featured in the Netflix documentary Untold: Operation Flagrant Foul. Personal life Donaghy married Kimberly in 1995 and the couple have four daughters. Kim filed for divorce after 12 years of marriage in September 2007, shortly after the scandal came to light. Tim Donaghy Favorite Thing Favorite Actor Robert Downey Jr. Favorite Actress Jennifer Lawrence Favorite Singer Justin Bieber Favorite App Instagram Favorite Game N/A Favorite Food Don’t Know Favorite Song Don’t Know Favorite Athlete Jason Tatum Favorite Movie Spider-Man™: Farm Home Favorite Cristiano Ronaldo TV Shows Don’t Know Hobbies Driving, Traveling About Tim Donaghy Net Worth $3 Million Name Tim Donaghy Age 55 Years Old Height (1.8m) Weight 80kg (Approx) Occupation Referee Date of Birth January 7, 1967 United States Place of Birth United States $400 Thousand Per Year Husband /Wife Kimberly Donaghy Tim Donaghy Net Worth As of 2022, Tim Donaghy’s net worth is around $3 million. He apparently amassed his fortune through his career as a referee in the NBA. His annual income is said to be $400 thousand. When the betting scandal broke, his net worth probably plummeted. Jail time, legal bills and fines followed, he managed to get back on his feet after the scandal by accepting the past and appears to be doing well for himself in the present. Donagheo later began investing in real estate, primarily as a landlord.
