Jerry Krause, whose real name was Jerome Richard Krause, was a well-known American sports executive and scout. He most famously managed the Chicago Bulls of the National Basketball Association (NBA) from 1985 until 2003. Krause, a well-known person in the sports industry, was named NBA Executive of the Year in 1988 and 1996.
Throughout his athletic career, he had management or scouting positions with the Chicago White Sox and the Baltimore Bullets. Notably, in recognition of his enormous contributions to the game of basketball, he was inducted into the Basketball Hall of Fame in 2017 posthumously. Jerry Krause will always be associated with the Chicago Bulls’ remarkable championship runs.
Jerry Krause’s Net Worth
Jerry Krause’s estimated net worth at the time of his death in 2017 was $5 million, which he earned as a sports scout and general manager of the Chicago Bulls, a position he held for 18 years.
Jerry Krause began his career as a scout with the Baltimore Bullets and later worked as a scout for the Chicago Bulls, Phoenix Suns, Los Angeles Lakers, and Philadelphia 76ers.
Jerry Krause’s Early Life
On April 6, 1939, Jerry Krause was born in Chicago, Illinois. He was born into a Christian family and was of white Caucasian descent. Jerry Cross was seventy-seven years old when he died. Paul Cross is his father and Gertrude Cross is his mother. He spent his childhood playing with his siblings in Chicago.
Jerry Krause received his education at Taft High School. He then enrolled at Bradley University, where he eventually graduated. He started working as a scout for the “Baltimore Bullets” basketball team after completing his postgraduate studies.
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Jerry Krause’s Death
In 2003, Krause left his position as a senior observer. “The stress and anxiety of the sport has caused me some minor bodily problems over the years,” he remarked. Cross passed away on March 21, 2017, at the age of 77. He had health problems, including osteomyelitis. In 2017, he received a posthumous induction into the Basketball Hall of Fame.
“Jerry was key figure in Bulls’ dynasty and meant so much to the Bulls, White Sox and City of Chicago. My sincere sympathies are with his wife, Thelma, as well as his family and friends “Jordan sent the Chicago Tribune a statement.
In statement to Trib, MJ on Krause: “Jerry was key figure in the Bulls’ dynasty and meant so much to the Bulls, White Sox & city of Chicago”
— K.C. Johnson (@KCJHoop) March 21, 2017
Jerry Krause Career
Jerry Krause had a notable career in the sports world, particularly as the general manager of the Chicago Bulls from 1985 to 2003. Krause, who began his career as a scout for the Baltimore Bullets, was known for his ability to identify talent, and this helped him find Earl Monroe, who would go on to become a Hall of Fame player. Krause made important decisions while he was a member of the Bulls, one of which was assembling the team that won three straight NBA titles in 1991–1993.
Krause had to overcome obstacles, like having to replace Michael Jordan during the 1993 campaign, but he managed the team’s success by bringing in important players like Dennis Rodman and Scottie Pippen. In 1995–96, Krause led the Bulls to an unprecedented 72 wins, earning him the title of Executive of the Year. Despite their success, Krause left in 2003 due to conflicts with coaches and players, most notably Jordan.