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Last updated: Apr 11, 2023
NBA players have the opportunity to make extensive sums of money throughout their professional careers. The National Basketball Association is the highest-paying professional sports league in the world. Besides scoring lucrative contract deals, NBA players can also boost their incomes with profitable endorsem*nt deals.Read on to learn more about how much NBA players actually make.
Table of Contents
- NBA Player Average Salary
- When Are NBA Players Paid?
- Special Cases
- Playoff Bonuses
- FAQ
NBA Player Average Salary
The average salary for an NBA player is about $9.37 million.Each NBA team plays 82 games during the regular season. This means that players, on average, make about $114,268 per game. Since each NBA game has 48 minutes of regulation time, NBA players make about $2,381 per minute each game on average.
Since NBA teams have fewer players on the roster than other major sports teams, the players often make more money. During the 2022-2023 sports season, the average salary of an NBA player is around $9.37 million, while the average salaries for other major league players were as follows:
- MLB: $4.41 million
- NFL: $3.26 million
- NHL: $3.5 million
- MLS:$472,000
When Are NBA Players Paid?
The NBA has a system in place so that its players are paid at the same time each month throughout the season and the rest of the year. Starting on November 15th of each year, players are paid on the 1st and 15th day of each month.This amounts to two paychecks per month and 24 paychecks each calendar year.
Special Cases
While many NBA players are paid their salaries bi-weekly, some choose to be paid through different methods such as loans or advances.After signing a contract, a player may choose to be paid a certain percentage of their salary immediately. This advance payment cannot exceed the lesser of two options: either 80% of the player’s guaranteed salary or 50% of the player’s base salary.
NBA players may also request a loan after signing their contracts.Players use their salary to help repay the loan throughout the season, and the loan can continue to be repaid over subsequent seasons if they are all fully guaranteed. A loan may not surpass the remaining amount of guaranteed salary that a player has for a given season.
Playoff Bonuses
NBA players have the opportunity to make additional money if their team makes it to the playoffs.Players have an additional monetary incentive to help their teams advance to further rounds within the playoffs. Each team that makes it to the initial round of the playoffs receives $347,545 to divide up and pay to its players. Teams that advance to the next round of the playoffs receive an additional $413,534 to pay to players.
The four teams that make it to the conference finals round of the playoffs are awarded an additional $683,363 to split amongst their players. The two teams that make it to the NBA Finals are given the largest bonuses among all playoff teams. The team that finishes in second place is awarded an additional $2,732,699, while the NBA Finals Champion team is awarded $4,124,054.
FAQ
Who is the highest-paid NBA basketball player?
Stephen Curry of the Golden State Warriors is the highest-paid NBA basketball player.In August 2021, Curry signed a deal with the Warriors that guaranteed him $215.3 million over four years.This is equivalent to $53.8 million guaranteed each year for the star point guard. Considering the NBA’s annual salary cap, which is $112.4 million for the 2021-22 season, Curry’s salary for the season is actually about $45.7 million and is still the top among all players.
Who is the lowest-paid NBA basketball player?
Charles Bassey of the San Antonio Spurs is the lowest-paid NBA player for the 2022-23 season, earning $74,742 for the year.There are 12 other players in the league that, similar to Bassey, will earn less than $1 million during the season. Another player making well below the NBA average salary is Demetrius Jackson. Jackson is only guaranteed $92,857 for the 2022-23 season.
What do NBA rookies get paid?
The amount that NBA rookies get paid depends on when they are drafted into the league and the league salary cap for the season.A player that is drafted early during a season with a high salary cap will make the most money. While players drafted in the first round are given lucrative contracts with guaranteed salaries, all other rookies must negotiate their salaries with their respective teams.
How much does the #1 NBA draft pick make?
The #1 NBA draft pick typically is awarded the largest contract out of all the players drafted each year. Paolo Bancherowas the first overall pick by the Detroit Pistons in the 2022 NBA Draft. He signed a 4-year contract with the team that guaranteed him $50.16 million. This is equivalent to an average annual salary of $12.54 million. During the 2022-23 season, Banchero had a base salary of $11.06 million, which increasesto $11.61 million for the 2023-24 season.
