Andrew Bogut celebrates $10m payday

Aussie basketball legend Andrew Bogut is busy celebrating a $10m windfall courtesy of several savvy moves. Picture: Getty

NBA legend Andrew Bogut and wife Jessica have secured the sale of their redundant rural acreage at Zara in the NSW Tweed, along with their Mudgeeraba trophy home in the Gold Coast hinterland.

There’s been no sale price reveal, but there’s likely been a combined $10m plus tally.

The listings coincided with the NBA Hall of Famer heading back to Sydney and joining the Sydney Kings as an assistant coach.

The team has won three of its seven games since commencing last month, with Bogut hastily taking the reins mid-game when coach Brian Goorjian was ejected by an NBL referee in their win against Perth.

Bogut owns a 10 per cent stake in the Kings.

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Andrew Bogut and wife Jessica have sold their Zara acreage retreat. Picture: realestate.com.au

Heavenly.

Sold!

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“Being away from the game for five years, the itch to get back on the court was growing stronger with time,” Bogut said pre-season.

The Code Sports Crosscourt columnist Michael Randall has noted Goorjian has two seasons to run and, “while the Kings haven’t addressed anything publicly, it makes sense to prepare for the future”.

Given Bogut earned $180m in an NBA career across 14 seasons, “Bogut’s not at the Kings for the pay cheque”, Randall suggested.

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The Boguts have also secured the sale of their Mudgeeraba trophy home. Picture: realestate.com.au

It’s quite the palace.

Outside and in.

Raised in Melbourne’s outer southeast, Bogut, 40, is one of Australia’s most decorated basketballers, since being the top pick in the 2005 NBA draft when selected by the Milwaukee Bucks.

It was in 2021, having announced his playing days were over at the Kings, that the couple departed Sydney, and their inner-west Concord abode for their tree and sea-change.

The Concord house, with high ceilings just perfect for the 213cm (seven-foot) champion, sold in 2021 for $4.1m. They had bought the six-bedroom brick bungalow with extension in 2018 for $3.5m when he signed a two-year deal to play for the Kings.

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Former NBA player Andrew Bogut is now assistant coach of the Sydney Kings. Picture: Daniel Pockett/Getty Images

The Boguts initially headed to Currumbin, in South East Queensland, where they pocketed $7.13m for a Paul Uhlmann-designed home overlooking the estuary in June, having paid $4.45m.

The couple then bought a 56-hectare Zara escape in 2023 for $4m and had sought to sell for $4.9m.

They have also sold their six-bedroom, five-bathroom Jared Poole-designed Mudgeeraba property earlier this month through Kollosche, having purchased for $6.45m in 2021.

They have yet to sell their Canungra property for its desired $2.5m plus.

Golden State Warriors center Andrew Bogut (12), from Australia, celebrates after scoring against the San Antonio Spurs during the first quarter of Game 3 of a Western Conference semifinal NBA basketball playoff series, in Oakland, Calif., Friday, May 10, 2013. (AP Photo/Jeff Chiu)

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