Dan Marino Net Worth (Money & Salary)

What Is Dan Marino’s Net Worth, Career Earnings, and Salary?

With a net worth of $50 million, Dan Marino stands out as a retired American football player. Throughout a prominent 17-season NFL career, he showcased his skills as a record-breaking quarterback. Although he never clinched a Super Bowl title, he is regarded as one of the finest quarterbacks in history. Dan played a pivotal role for the Miami Dolphins, earning accolades such as NFL Rookie of the Year and NFL Most Valuable Player. Following his retirement prior to the 2000 season, Marino was honored with induction into the Pro Football Hall of Fame in 2005. Beyond football, he is also recognized for his appearances in various television and film projects and has actively engaged in philanthropic efforts over the years.

Career Earnings and Endorsements

Signing with the Dolphins in 1983, he initially entered into a four-year contract worth $2.1 million. By the time of his final season, his earnings had risen to $6 million annually. In total, Dan accumulated $51.5 million over his NFL career in salary alone. Additionally, he garnered tens of millions from endorsements that have persisted even after his retirement.

A “New York Times” profile from 2002 indicated that Marino had a net worth of $45 million at that time, comprising roughly $23 million in liquid assets, $15 million in real estate, and several million dollars from private investments such as a bank, office buildings, and a golf course. Unfortunately, some of these real estate investments and private ventures eventually faced difficulties, as we will discuss later in this article.

By that time, he also earned $2 million annually as a co-host of “Inside the NFL” along with an additional $1 million from endorsements with brands like AutoNation and Nabisco.

Early Life

Born September 15, 1961, in Pittsburgh, Pennsylvania, Daniel Constantine Marino Jr. grew up in a family of Italian and Polish descent with two sisters. He attended Catholic schools during his childhood. In high school, he showcased talent in both baseball and football.

Following high school, Marino pursued his education at the University of Pittsburgh, playing for the Panthers from 1979 to 1982. During this timeframe, the Panthers achieved a number-one national ranking and were supported by a talented roster, many of whom later succeeded in the NFL. However, Dan’s performance declined during his senior year, just before he entered the NFL draft.

Career

Drafted by the Miami Dolphins in 1983 as the 27th overall pick in the first round, Marino had a remarkable rookie season, setting multiple records. In his second season, he further shattered more records, many of which remain unbroken as of 2020. Although the Dolphins reached the Super Bowl in 1984, they were defeated by the 49ers.

Throughout the mid-point of his career, Dan consistently exhibited an extraordinary level of play. He led the league in passing yards in 1992 and guided the Dolphins to additional Super Bowls. Notably, in 1996, Marino became the first quarterback in NFL history to achieve 50,000 career passing yards, and by 1999, he surpassed 60,000 passing yards. His illustrious career concluded a year later, with his final victory against the Seattle Seahawks.

Relationships

In 1985, Dan Marino wed Claire D. Veazey. Together, they raised six children throughout their marriage. In 2013, Dan publicly acknowledged an affair with a CBS employee from 2005, resulting in the birth of a seventh child. Reportedly, he compensated this CBS employee with millions of dollars to maintain confidentiality on the matter.

quiet affair to preserve his image.

Additional Ventures

Prior to his retirement, Marino became involved in various business endeavors. In 1997, he assumed a marketing position at Team Cheever in the Indy Racing League. Subsequently, he co-owned a NASCAR team with driver Bill Elliott. In 1992, he founded the Dan Marino Foundation, a charitable organization that has raised and allocated more than $22 million for the research and treatment of neurological disorders.

Financial Challenges

Reports from 2012 indicated that Marino faced a loss of $13.6 million following the bankruptcy of Digital Domain Media Group Inc. Nonetheless, assessing the precise amount of his losses proved challenging. Close associates of Dan remarked that they were unaware of how much the former quarterback had actually invested in the failing enterprise.

According to one report, Dan’s shares in the company had at one time been valued at $14.5 million. Once the share price plummeted to 55 cents, many analysts calculated that Marino had incurred a loss of $13.6 million. Digital Domain Media Group attracted significant attention when it created a hologram of Tupac for the Coachella Music Festival.

Property Investments

In 2008, Marino was significantly impacted by the downturn in the real estate market, and he accepted a $600,000 loss upon selling a 9,250-square-foot residence in Parkland. The couple had bought the property in 2005 for $2.95 million. Reports from 2009 suggested that Dan was struggling to sell his house in Weston, Florida. In an attempt to enhance the deal, Marino furnished the home with over $1.5 million worth of designer furniture.

Initially listed for $15.9 million in 2006, he and his wife Claire later reduced the asking price to $13.5 million. The 15,000-square-foot Tuscan-style home, featuring 10 bedrooms, a pool, a 5,000-bottle wine cellar, and an outdoor pond with live bass, failed to attract buyers. The property rests on a peninsula encompassing a 4.3-acre lot.

By 2011, it was reported that Dan successfully sold his home, albeit at a significantly lower price of $7.2 million. Even though this amount was less than half of the initial listing price, Marino still made a profit due to having purchased the property in 1995 for $2.15 million. The couple likely remained in Weston, as they own another condominium in the area.

In 2015, Dan and his wife acquired another condo in Fort Lauderdale. While the price remained undisclosed, units in the luxurious Auberge Beach Residences & Spa building start at around $1.8 million. Marino experienced another significant loss in 2018 when he sold a townhouse in Weston for $90,000 less than he had originally paid for it; he had purchased the condo for $655,000 eleven years earlier.

Reports

It is evident that the property experienced a doubling in value during the six years preceding Marino’s initial acquisition of the condo. Sadly, after Dan acquired ownership, the same upward trend did not continue, compelling him to sell the property for a mere $565,000 eleven years later.