About Jerry Krause
Jerome Richard Krause, known as Jerry Krause, was an iconic figure in the world of basketball. Born on April 6, 1939, in Chicago, Illinois, he was a celebrated sports scout and executive.
Krause’s most notable role was as the general manager of the Chicago Bulls in the NBA from 1985 until 2003. He passed away at 77 years old on March 21, 2017, leaving behind a legacy in the sports world.
Latest News About Jerry Krause
In January 2024, Jerry Krause was posthumously honored in the Bulls’ Ring of Honor. The ceremony was marred by some fans booing, which led to widespread criticism from former players and coaches.
Steve Kerr and Stacey King, among others, defended Krause’s contributions. They highlighted his role in building the Bulls’ dynasty, which included six NBA championships.
Here’s the audio of the Bulls broadcast insulting Philly fans after their fans booed the late Jerry Krause in front of his wife and made her cry
“That’s not us, that’s Philly that’s New York”
No that’s literally you. You booed a dead guy
Nobody else didpic.twitter.com/fMNjVvNEpd
— Life of a Philly Fan (@PhillyFanLife) January 13, 2024
Jerry Krause Net Worth
Jerry Krause’s net worth remains undisclosed, but it’s known that in the late 1990s, he earned about $3 million annually from the Chicago Bulls. His financial acumen and dedication to the sport were apparent in his successful tenure as a general manager.
Despite the lack of exact figures, Krause’s value in the sports world was immense, transcending mere monetary evaluation.
Timeline and News of Jerry Krause
Year | Event |
---|---|
2017 | Passed away on March 21; inducted into the Basketball Hall of Fame. |
2010-2016 | Returned to baseball scouting for teams like the New York Yankees and Arizona Diamondbacks. |
2003 | Resigned as the Bulls’ general manager. |
1996-1998 | Guided the Bulls to their second three-peat of NBA championships. |
1996 | Received his second NBA Executive of the Year Award. |
1991-1993 | Led the Bulls to their first three-peat of NBA championships. |
1988 | Won the NBA Executive of the Year Award. |
1985 | Became the general manager of the Chicago Bulls. |
1970s | Worked as a scout for several NBA and baseball teams. |
1960s | Began his career as a basketball scout for the Baltimore Bullets. |
1939 | Born on April 6 in Chicago, Illinois. |
Facts About Jerry Krause
Scouting Prowess:
Recognized for discovering talents like Earl Monroe during his early career as a scout.
Building a Dynasty:
Instrumental in forming the legendary Chicago Bulls team that won six championships.
Baseball and Basketball:
A versatile scout, Krause worked in both baseball and basketball scouting throughout his career.
Executive Acumen:
Twice named NBA Executive of the Year, showcasing his exceptional management skills.
Hall of Fame Inductee:
His legacy was cemented with his induction into the Basketball Hall of Fame in 2017.
Family Member
Wife:
Thelma Krause, who was deeply moved during the posthumous honoring of her husband.
Children:
David Schiff and Stacy Cooper, his son and daughter, respectively.
Frequently Asked Questions
What is Jerry Krause known for in the NBA?
Jerry Krause is renowned for being the general manager of the Chicago Bulls during their six championship wins.
How old was Jerry Krause when he passed away?
Jerry Krause was 77 years old at the time of his passing in 2017.
What is Jerry Krause’s net worth?
While exact figures are unknown, he was reportedly earning around $3 million annually in the late 1990s.
What contributions did Jerry Krause make to the Bulls?
He was pivotal in assembling the team that won six NBA championships, including hiring coach Phil Jackson.
What recognition did Jerry Krause receive after his death?
Posthumously, Krause was inducted into the Basketball Hall of Fame and honored in the Bulls’ Ring of Honor.
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