Daryl Morey Net Worth: Resigned Rockets GM Leaves $8M Annual Salary

Daryl Morey makes around $8 million annually. He is set to lose all of that after stepping down as general manager of the Houston Rockets.

Morey is moving away from the Rockets, the team he has helped return to relevance in recent years. In his 13 years at the helm, Houston achieved mixed success and often led to postseason heartbreaks. However, the playoff exits should not undermine the job he did with the team, especially getting James Harden out of Oklahoma City Thunder and transforming him as one of the best offensive players in the history of the sport.

Under Morey, Houston made 77 trades, including big names such as Harden, Russell Westbrook and Chris Paul. During his time, the Rockets tallied the 2nd best regular season record in the league. The Baraboo, Wisconsin native said the reason for him leaving was family matters. “It was just the right time to see what's next with family and other potential things in the future. It just felt like the right time," he said in an interview with ESPN.

Citing a Marc Stein report, Clutchpoints said that the 48-year-old is receiving $8 million per year from the Rockets. He just signed an extension for five years in 2019. The move caught the fans by surprise, but the team is heading in a different direction next season. Mike D’Antoni resigned as head coach and with Houston suffering another postseason collapse, the team is more likely heading to a mini-rebuild in the offseason.

The Harden-led Rockets came closest to the Finals in 2018 where they pushed the Golden State Warriors in seven games. The loss led to the trade between Westbrook and Paul. The team started a trend after trading away center Clint Capela. The starting five features small-ball schemes on both ends of the floor that worked wonders as it maximized the potential of players such as Austin Rivers, Eric Gordon, P.J. Tucker and Danny Green.

Morey courted controversy last year when he publicly supported the protesters in Hong Kong. This triggered the backlash in mainland China, which is a big market for the NBA outside the U.S. Games of the Rockets were banned in China and the league lost about $200 million in revenue, per Bleacher Report. Exhibition games and events had to be canceled at that time. LeBron James called Morey “misinformed” about the situation.

It remains to be seen if Morey is returning to the NBA in a different capacity. His record speaks for itself and teams should not think twice about contacting him for the GM position.