Tim Donaghy Net Worth

What is Tim Donaghy’s Net Worth?

Net Worth:$3 Million
Profession:Referee
Country:United States of America
Born:7 January 1967
Salary (Annual):$400 Thousand
Last Updated2023

Tim Donaghy is an American professional basketball referee who has a net worth of $3 million. He worked as a referee in the National Basketball Association (NBA) for 13 seasons from 1994 to 2007. In 2007, he resigned after being caught up 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. He gambled on professional basketball games using his knowledge of relationships between players, owners, coaches, and referees. In 2008, he was sentenced to 15 months in jail 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 made his debut 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 probably made between $180,000 to $550,000 annually. Obviously, that’s more than enough to make a living, but the minimum NBA player’s salary is far higher i.e. $1-$1.5 million in accordance with the NBA’s Collective Bargaining Agreement.

Tim Donaghy’s Net Worth Over the Years

Net Worth in 2023$8 Million
Net Worth in 2022$7 Million
Net Worth in 2021$6 Million
Net Worth in 2020$5 Million
Net Worth in 2019$4 Million

Early Life

Timothy Francis Donaghy was born on 7th January 1967 in Havertown, Pennsylvania, a Philadelphia suburb. Donaghy has always enjoyed basketball. His father Gerry Donaghy who had refereed high school and collegiate games for almost thirty years developed in him a love of the game and he automatically became a 76ers fan living in Philadelphia.

Donaghy went to 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.

Referee Career

Donaghy had a degree, but he was unsatisfied with the path his career was taking. One night, while sitting at the kitchen table with his parents, his mother advised him to consider a career in the NBA. It was all the inspiration he needed to start working on his new dream job. Later, when Donaghy improved his talents as a referee through training camps, the NBA’s supervisor of officials, Darell Garretson noticed him.

Donaghy was given his career start in the CBA, the NBA’s official minor league. He worked as a CBA official for three years and later was called to officiate in the NBA before his fourth year.

From 1994 to 2007, Donaghy worked with the NBA officiating in 772 regular-season games and 20 postseason games. He took part in the NBA’s Read to Achieve initiative, which included an event at Universal Charter School during the 2002 NBA Finals.

NBA Betting Scandal

Donaghy joined a country club and formed a golfing circle during his tenure as a referee. Their activities, however, swiftly expanded beyond the course and into the casinos. NBA officials were not permitted to wager, but Donaghy reasoned that there was no harm in choosing 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 that Donaghy was refereeing. What began as a few bets quickly became a considerable source of revenue. Donaghy even fought to keep all of the money hidden he won from his wife.

Concannon’s former classmate James Battista decided to enter the betting game himself in 2006. Battista would pay $2,000 if his pick won. With that insider information, he began betting large sums and profiting greatly.

Tim Donaghy Net Worth and Salary
Tim Donaghy Net Worth and Salary

Former FBI agent Phil Scala eventually learned that someone was supplying insider NBA information. His crew began making phone calls and followed leads, eventually contacting Battista in April 2007. A grand jury was formed, and Donaghy began cooperating with the inquiry in June.

Murray Weiss, a journalist for the New York Post broke the story on July 20, 2007. Despite the fact that investigators were unable to determine if Donaghy manipulated the games, he pleaded guilty to conspiracy to commit wire fraud and distributing gambling information and received a 15-month prison sentence.

In addition to serving time in federal prison, he was compelled to pay a $500,000 fine and $30,000 in restitution to the federal government. If that wasn’t enough, a judge also ordered him to pay $233,317 in compensation (together with the two other co-conspirators); but, this time, it was the NBA for allegedly defrauding them.

Donaghy Income through NBA Betting

Donaghy admitted in the Netflix documentary ‘Untold: Operation Flagrant Foul,’ “with stock investments, playoff bonuses, and my earnings were over $400,000 per year.” He got around $1.4 million off of his scheme to fix matches, which he called “The Marriage.”

According to some stories, he was first paid $2000 but his predictions were so accurate that his reward was increased to $5,000. Donaghy never had to pay money for incorrect contract selections.

According to the now-famous NBA referee’s own estimates in his FBI, with his average 70-80% win record, he earned roughly $30k overall by giving information to bookies.

The NBA Change

Following the NBA betting incident in 2007, the league implemented different changes to its officiating regulations to guarantee that referees followed the rules.

The league also promised to do more thorough background checks on officials and to provide additional counseling during the season. They also began disclosing which officials will work particular games in advance, in the hopes of reducing the power of insider information.

Post-Release Career

After his prison release in 2009, Donaghy’s book, Personal Foul: A First-Person Account of the NBA Scandal, was released 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 Berdan, Donaghy’s Triumph representative, the book was thrown out because the NBA threatened to sue, something the NBA rejected.

Finally, Donaghy discovered VTi-Group, a new publisher eager to publish his work. Personal Foul: A First-Person Account of the NBA Scandal, published in December 2009, is the title of the new book. He was also granted $1.3 million after suing his book’s publisher for failing to compensate him in 2012.

Meanwhile, Donaghy has been the focus of several documentaries, including “Tim Donaghy” and “Under His Own Name,” both produced by Vice News. Donaghy made his professional wrestling refereeing debut in 2021 for Major League Wrestling (MLW). He officiated 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 has four daughters. Kim filed for divorce after 12 years of marriage in September of 2007, shortly after the scandal emerged.

Tim Donaghy Favorite Things

Favorite ActorRobert Downey Jr.
Favorite ActressJennifer Lawrence
Favorite SingerJustin Bieber
Favorite AppInstagram
Favorite GameN/A
Favorite FoodNot Know
Favorite SongNot Know
Favorite SportsmanJayson Tatum
Favorite MovieSpider-Man™: Far From Home
Favorite FootballerCristiano Ronaldo
Favorite TV ShowNot Know
HobbiesDriving, Traveling

About Tim Donaghy

Net Worth$3 Million
NameTim Donaghy
Age55 Years Old
Height(1.8 M)
Weight80 KG (Approx)
ProfessionReferee
Date Of Birth7 January 1967
BirthplaceUnited States
NationalityAmerican
Income$400 Thousand per year
SpouseKimberly Donaghy

Tim Donaghy Net Worth

As of 2023, Tim Donaghy Net Worth is estimated to be around $3 million. He apparently amassed his fortune through his career as a referee in the NBA. His annual income is reported to be $400 thousand. When the betting scandal sparked, his net worth probably declined.

Following the imprisonment, legal bills, and fines, he has managed to get back on his feet in the aftermath of the scandal by accepting the past, and it appears that he is doing well for himself in the present. Donaghy also later began investing in real estate and basically being a landlord.

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