However, Erving signed a $1 million contract with the Atlanta Hawks prior to the draft. The following year, he became eligible for the NBA Draft and the Milwaukee Bucks selected him with the 12th overall pick. He was also named to the ABA All-Rookie First Team and All-ABA Second Team that year. J took advantage of this and signed a four-year contract worth $500,000 with the Virginia Squires. He quickly established himself as the star for the Squires by averaging 27.3 points and 15.7 rebounds.
However, the ABA created a “hardship” rule that allowed players to leave college early.ĭr. Celebrity Net Worth states that Julius Erving’s net worth in 2021 is $50 million.īorn in East Meadow, New York, Erving attended the University of Massachusetts, where he averaged 26.3 points and 20.2 rebounds in a span of two seasons.ĭuring that time, the NBA did not allow teams to draft players who were not four years removed from high school.
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