How Much NBA Players Make Per Year

In the NBA, player salaries can vary widely. Some players make the minimum salary while others make tens of millions of dollars per year.

The minimum salary for an NBA player is $563,000 per year. However, most players make significantly more than the minimum salary For example, the average salary for an NBA player is about $7 million per year. And, some of the Top Players in the league can make over $30 million per year.

So, how much NBA players make per year depends on a number of factors, including their experience, their skill level, and the team they play for.

The average NBA player’s salary

The average NBA player’s salary for the 2017-2018 season was $7.4 million, according to Business Insider The highest-paid player in the league was Lebron James who made $33.3 million. The lowest-paid player in the league was rookie guard jamal crawford who made $473,604.

The highest-paid NBA players

In the 2019-2020 Season the average NBA player will make $7.7 million, which is a huge raise from the $5.1 million they made in the 2016-2017 season. However, not all NBA players are created equal. The highest-paid NBA players can make upwards of $30 million or more per year, while the lowest-paid players are only making the minimum salary which is $898,310.

The following is a list of the top 10 highest-paid NBA players for the 2019-2020 season

1. Stephen Curry – $37.46 million
2. Kevin Durant – $30.53 million
3. Russell Westbrook – $28.53 million
4. James Harden – $28.42 million
5. Lebron James – $27.25 million
6. Damian Lillard – $27 million
7. Chris Paul – $24.11 million
8. Blake Griffin – $24.11 million
9. Kyle Lowry – $24 million
10. Klay Thompson – $19.86 million

The lowest-paid NBA players

Rookie NBA players make a minimum of $582,180 per year, but most players earn much more than that. In fact, the average salary for an NBA player is around $7 million per year. However, there are some players who earn considerably less than the average player. Here is a list of the lowest-paid NBA players according to Spotrac.com.

-Kendrick Perkins: $10 million
--Troy Daniels $9 million
-Marquese Chriss: $8 million
-Dewayne Dedmon: $7 million
--Jeremy Lin $6 million

NBA Player Salaries by team

NBA player salaries vary widely by team. The following is a list of the average salaries for players on each team in the league:

Atlanta Hawks: $4,528,252
Boston Celtics $5,395,174
Brooklyn Nets $6,362,813
Charlotte Hornets $4,316,067
Chicago Bulls $5,504,561
Cleveland Cavaliers $5,865,137
Dallas Mavericks $5,158,790
Denver Nuggets $4,708,452
Detroit Pistons $5,478,974
Golden State Warriors $7,683,720
Houston Rockets $6,126,835
Indiana Pacers $4,995,175
Los Angeles Clippers: $7,091,398
Los Angeles Lakers $7,017

NBA player salaries by position

In the National Basketball Association (NBA), player contracts vary in amount based on a number of factors, including the player’s skill, draft position, and years of experience in the league. The average salary is around $6 million per year, but star players can earn much more.

The following table shows the average salaries for NBA players by position, based on data from the 18-19 season

How NBA Player salaries compare to other professional athletes

In the NBA, the median salary for a player is about $7.7 million per year. The average salary is slightly higher, at around $8.6 million per year. These figures are both higher than the salaries of players in any other major professional sport in the United States Major League Baseball players have a median salary of about $4 million per year, while National Football League players have a median salary of just over $2 million per year.

The highest-paid NBA player in the 2018-2019 season was Stephen Curry who made an astonishing $37.5 million. That figure includes his base salary of $34.7 million, as well as endorsements and other income sources. The second-highest paid player in the NBA was Lebron James who made $35.6 million during the same season. Kevin Durant rounded out the top three, with earnings of $30 million.

The NBA’s Collective Bargaining Agreement and player salaries

The National Basketball Association (NBA) is a professional men’s Basketball League in North America composed of 30 teams (29 in the United States and 1 in Canada). It was founded on June 6, 1946, as the Basketball Association of America (BAA).[1] The league adopted its current name at the start of the 1949–50 season when it merged with the National Basketball League (NBL).[2] The average NBA salary is $7.7 million per year,[3] which is minimal compared to other major sports leagues. The maximum salary for an NBA Player is $25.5 million per year.[4]

In order to understand how much NBA players make one must first understand the NBA’s collective bargaining agreement. The collective bargaining agreement is an agreement between the NBA and the National basketball players Association that determines things like player salaries, benefits, and rules governing Free agency and draft picks The current collective bargaining agreement was agreed upon in 2017 and will last until 2023.[5]

Under the current collective bargaining agreement, NBA players’ salaries are determined by a number of factors, including their years of experience in the league, whether they were drafted or signed as a free agent and whether they re Playing under a rookie contract or a veteran contract.[6] Rookie contracts are typically for two or three years, while veteran contracts can be for up to five years.[7]

The maximum salary that a player can earn under the current collective bargaining agreement is $25.5 million per year.[8] However, this amount only applies to players with eight or nine years of experience in the league.[9] Players with less experience can earn up to 20% less than this amount. rookies can earn up to 120% less than this amount.[10]

It is important to note that these amounts are only for base salaries. Players can also earn additional money through bonuses and endorsements. For example, Lebron James earned an estimated $52 million from his salary and endorsements in 2019,[11] while Stephen Curry earned an estimated $79 million from his salary and endorsements in 2020.[12]

How NBA player salaries are taxed

One of the biggest factors in how much NBA players take home per year is taxes. With state taxes, federal taxes, and agent fees, it can be tough to understand exactly how much money players are making. Here’s a quick guide to help you understand how NBA player salaries are taxed.

Federal taxes for NBA Players are just like any other worker in the United States They’re subject to the same marginal tax rates, which range from 10% to 37%. However, because they’re considered self-employed, they also have to pay an additional 15.3% in self-employment taxes. That brings the total effective tax rate for NBA players to between 25.3% and 54.3%.

State taxes can vary widely depending on where a player is playing. For example, California has a top marginal tax rate of 13.3%, while Florida has no state income tax at all. If a player is making $10 million per year, that’s a difference of $1.33 million in state taxes between the two states.

Finally, players also have to pay agent fees, which are typically around 3% of their salary. So, if a player is making $10 million per year, they can expect to pay their agent around $300,000.

All told, when you factor in federal taxes, state taxes, and agent fees, NBA players can end up paying anywhere from 28% to 60% of their salary in taxes each year.

How NBA player salaries are used

The average NBA salary is 6.4 million dollars per year. However, this number can be broken down further to show how player salaries are used. The following three figures show how the average NBA player’s salary is spent.

First, the agent’s fee is 3% of the total salary. For a 6.4 Million Dollar salary, this leaves the player with 6.272 million dollars. Second, federal and state taxes take away another 43%, which leaves the player with 3.561 million dollars. Finally, the team takes care of housing and meals during training camp and on road trips, as well as paying for a gym membership and health insurance premiums, which costs them another 1.2 million dollars. This leaves the player with 2.361 million dollars in salary that they actually get to keep and spend as they please.

How Much NBA Players Make Per Year