Mike Modano's Net Worth (Updated 2024)

Publish date: 2024-05-18

What is Mike Modano’s net worth?

Net Worth:	$5 Million
Age:	52
Born:	June 7, 1970
Gender:	Male
Height:	1.91 m (6 ft 3 in)
Country of Origin:	United States of America
Source of Wealth:	Professional Hockey Player
Last Updated:	March 8, 2023

Table of Contents

Introduction

Considered one of the greatest NHL players, Mike Modano made a name for himself as the highest-scoring American-born player in the sport.

Although he retired in 2011, he has worked as an advisor for the Minnesota Wild since 2019.

As of January 2024, Mike Modano’s net worth is estimated to be $5 Million.

Mike Modano Facts

Before becoming a professional hockey player, Modano played in the 1982 Quebec Pee-Wee Hockey Tournament.
Mike Modano started his NFL career in 1988 when he was drafted by the Minnesota North Stars.
In 1992, Modano signed a four-year extension with the Stars that made him the highest-paid player on the team, with an annual salary of $2 million.
Modano became a Stanley Cup champion in 1999 as a member of the Dallas Stars.
In 2007, Modano set the NHL all-time record for the most points scored by a U.S.-born player.
Mike Modano was inducted into the Hockey Hall of Fame in 2014.

Early Life

Michael Thomas Modano Jr was born June 7, 1970, in Livonia, Michigan, the third child of Michael Sr and Karen Modano.

Growing up in the Highland Township, Mike used to cause problems at school with his mischievous antics, and it was suggested to his father that he join a sport to keep him in line.

Since his father was a fan of hockey, he enrolled then-seven-year-old Mike in ice skating, and when he learned his way around on the ice, he was paired with local hockey teams.

In 1982, Mike played in the Quebec International Pee-Wee Tournament as a member of the Detroit Red Wings, and during the 1984-85 season, he helped his team win the USA Hockey National Championship.

Mike continued to play in the minor leagues, joining the Western Hockey League in 1986, where he scored a hat trick during his first game.

Shortly after turning 18 in 1988, Modano was chosen by the Minnesota North Stars as their first overall draft pick.

Career

Mike Modano signed with the Minnesota North Stars on Christmas of 1988 and was elected to the NHL All-Rookie team the same year.

By 1992, Modano had become the highest-paid player on the team after signing a four-year extension that granted him a $2 million annual salary.

The same season, Modano earned his first invitation to the NHL All-Star Game, one of many he would receive during his career.

During the 1993-94 season, the Minnesota North Stars moved to Dallas and adopted their new name, The Dallas Stars. It was her that Modano quickly became an idol, selling the most jerseys and receiving the most letters.

In 1999, Modano became a Stanley Cup champion with the Dallas Stars and played all six games against the Buffalo Sabres, despite suffering a broken wrist during the second game.

Entering the 2000s, Modano continued to play extremely well, recording 1,000 NHL points by 2003 and becoming captain of the Dallas Stars.

Modano was honored by the NHL in 2007 with “Mike Modano Tribute Night” at the American Airlines Center, where Modano later scored the victory goal against the Anaheim Ducks the same night.

In 2010, Modano was traded to the Detroit Red Wings, but after one season, he made the decision to retire, instead signing a one-day contract with the Dallas Stars so he could leave the NHL as a member of his old team.

Mike Modano’s Career Earnings

Mike Modano, despite being hailed as one of the greatest NHL players in history, never earned enough to be considered one of the richest hockey players in the worl d, which may surprise a lot of his fans.

While he may not have been the wealthiest player in the league, he did have some very impressive paydays.

During the 1989-90 season, Modano earned just $135k for the year.
For the 1993-94 season, Modano’s salary was boosted to $1.9 million.
Modano’s salary continued to grow, and by the 1998-99 season, he was earning $5 million annually, which jumped to $6 million in 1999-00.
During the 2003-04 season, Modano enjoyed his largest payday, earning $9 million for the season.
For his final season in 2011, Modano’s salary had decreased to $1.25 million.

Mike Modano may not have come close to earning as much as Sidney Crosby, but he certainly wasn’t hurting for money, and he still retains a small fortune today.

Personal Life

Mike Modano married his first wife, singer and songwriter Willa Ford, in 2007, but by 2012 the pair announced their divorce.

Modano later married professional golfer Allison Micheletti in 2013, and together they have twins, Jack and Kate, who were born in 2014, as well as daughter Reese, born in 2016, and son Luca, born in 2018.

Outside of the NHL, Modano is the founder and current Vice President of the Mike Modano Foundation, which helps raise money for organizations that offer education and assistance to children and families affected by drugs or child abuse.

On social media, Modano can be found on his official Twitter account, as well as his official website, where he promotes his foundation and talks about hockey.

Awards & Achievements

Mike Modano has received numerous honors and awards during the course of his career that have helped cement his fame.

Although all of his accolades are impressive, some have been more influential than others.

Here are some of Mike Modano’s greatest awards and accomplishments:

In 1990, Modano was appointed to the NHL All-Rookie Team.
Modano played in five NHL All-Star Games, in 1993, 1998, 1999, 2000, and 2003. He also served as the game’s Western Conference team captain in 2004 and 2007, as well as the Special Ambassador in 2009.
In 1999, Modano became a Stanley Cup champion.
Modano’s #9 Dallas Stars jersey was retired in 2014.
The same year, Modano was inducted into the Hockey Hall of Fame.

He may not be as decorated as Wayne Gretzky, but Mike Modano has earned plenty of special recognition for his impressive talents on the ice.

How Does Mike Modano Spend His Money?

In 2013, fans of Modano got a look at his lavish lifestyle when he listed his Preston Hollow home for $2.4 million.

This 7,250 sqft home has plenty of living space decorated in a rustic style, a huge kitchen, cathedral ceilings, a private gym, an outdoor kitchen, a pool, and a hot tub.

A year later, in 2014, Modano listed his other Kelsey Square home with a price tag of $3.4 million.

As a lavish estate, this home is much larger than their other Preston Hollow abode, and it comes with a huge outdoor kitchen, a large pool, numerous fireplaces, and a four-car garage.

There are also five guest bedrooms, a massive master bedroom, an upstairs gaming room, and high-quality marble and hardwood floors.

Although we don’t know where Modano has since moved, he could easily have moved to any of the most expensive cities in the world to continue living a life of luxury.

Highlights

As one of the most influential players in the NHL, it should be no surprise that Mike Modano’s career is filled with memorable moments.

However, some points in his career have been more formative than others and helped lay the groundwork for his remarkable success.

Here are some of the best highlights of Mike Modano’s career:

In 1986, Mike Modano was invited to join the Western Hockey League, and during his very first match, he scored a hat trick.
Four days after he turned 18 in 1988, the Minnesota North Stars drafted him as their first overall pick.
In 1999, Modano became a Stanley Cup champion with the North Stars, now called the Dallas Stars.
Modano became the captain of the Stars in 2003 after recording over 1,000 NHL points.
Before retiring in 2011, Modano signed a one-day contract with the Dallas Stars, having previously been traded to the Detroit Red Wings, so that he could retire as a member of his former team.

Mike Modano has experienced many important moments during his career, but these five are by far the most significant.

Favorite Mike Modano Quotes

Mike Modano was one of the most dedicated players in the NHL during his time on the ice, and he wasn’t afraid to push his limits in order to get results.

In many of his interviews, he has emphasized how fortunate he has been and how committed he was to making every game count.

Here are our favorite quotes from Mike Modano:

“Whether it’s three, four or five seasons that I have left to play, I’m committed to making them great ones.” – Mike Modano
“I’ve been fortunate to have been around long enough to get close to that.” – Mike Modano
“It was tough. That’s just what you go through. It’s just part of the business;… After it’s done, you shake hands, and everything’s fine.” – Mike Modano
“We feel like we have a great opportunity. You can put it on paper or talk about it all you want, but you’ve still got to go out and get it done.” – Mike Modano
“I’m fortunate enough to be around long enough to accumulate those numbers and have great players around you to reach those goals.” – Mike Modano

3 Amazing Lessons From Mike Modano

There is a lot that we can learn from Mike Modano and his legendary career in the NHL.

Now that you know all about Mike Modano’s net worth, we can take a closer look at what he can teach us about reaching our own goals.

Here are some of the best success lessons to learn from Mike Modano:

1. Make The Best Out Of Every Situation

Finding success is a long and hard road, and if you’re not careful, you can quickly lose motivation, especially after setbacks.

However, if you’re able to learn how to make the best out of any situation and make opportunities out of accidents, you will be much more likely to get ahead.

2. Keep Moving Forward

To become successful, you have to keep moving ahead and never look back, even in the face of major setbacks.

There will always be roadblocks, but if you let them slow you down, you’ll never be able to successfully achieve your goals.

3. Don’t Just Say It, Do It

If you want something done, you have to take steps to do it and not just talk about it.

Although some things are easier said than done, if you never take action, you’ll never achieve anything.

Summary

Mike Modano is one of the most influential players in hockey, and while he doesn’t have the largest fortune in the NHL, his legacy is undeniable.

Despite being retired since 2011, Modano continues to stay active in the sport as an advisor for the Minnesota Wild.

Make sure to check back often so that you don’t miss any updates on Mike Modano’s increasing wealth.