When Do NBA Players Get Paid?

Many NBA players receive the bulk of their salary during the regular season, with smaller payments during the offseason. However, some players may negotiate different payment terms in their contracts.

NBA Players Get Paid Twice a Month

NBA players typically get paid twice a month during the regular season, from November to April. They receive their first paycheck around the 15th of the month and the second one around the last day of the month. This schedule can vary slightly depending on the day of the week that the month starts and ends on, but typically, NBA players get paid on the 1st and 15th of every month during the regular season.

During the Season

During the NBA regular season, players are paid every two weeks. For a typical season, there are 26 paychecks. Each check is 1/26th of the player’s annual salary, so if a player has a salary of $10 million, he will receive a paycheck for about $385,000 every two weeks.

Some players choose to have their paychecks direct deposited into their bank accounts, while others prefer to have physical checks that they can cash. In either case, the process is handled by the team’s payroll department and the player doesn’t have to do anything to initiate it.

While players are paid throughout the regular season, they don’t actually receive any of that money until after the season ends. This is because the NBA requires players to wait until after the season to receive their salaries. The league does this so that it can better manage its own finances and ensure that it has enough money to cover expenses like travel and arena costs.

During the Off-Season

During the off-season, NBA players get paid bi-monthly on the 1st and the 15th of every month. For most players, this is the only time they receive a paycheck since they don’t make any money during the season.

NBA Players Get Paid Through Direct Deposit

Players in the NBA get paid once per month, on the first of the month. They are paid by direct deposit into their bank account. The NBA does not release paychecks to players. Players can expect to see their paychecks deposited into their account around the same time each month.

How to Set Up Direct Deposit

It’s easy to set up direct deposit with the NBA. All you need is your team’s routing number and account number, as well as your Social Security Number. If you have any questions, your team’s payroll department will be happy to help.

Once you have your routing and account numbers, you can set up direct deposit by:

-Logging in to your NBA account
-Clicking on the “Direct Deposit” tab
-Entering your account and routing numbers
-Selecting the percentage of each paycheck you’d like deposited into your account
-Entering your Social Security Number

It’s that easy! You can start using direct deposit for your NBA paychecks as soon as it’s set up.

What to Do If You Miss a Payment

If you forget to sign up for or cancel direct deposit, you may miss a payment. To prevent this, the NBA has a few policies in place. First, all players are automatically enrolled in direct deposit. Second, the NBA allows players to change their direct deposit information up to two times per season. Finally, if a player does forget to sign up for or cancel direct deposit, they will receive a paper check for that specific pay period.

NBA Players Get Paid Through Their Agent

NBA players get paid through their agents who negotiate their salaries with the team. The agent gets a percentage of the player’s salary, usually between 4 and 10 percent. The agent also gets paid for other services, such as endorsements and appearance fees.

How to Find an Agent

Your agent is the person who will negotiate your contract with the team. You are allowed to have an agent representation you once you declare for the NBA draft, but before that, you are not allowed to have an agent. NCAA rules prohibit players from having agents while they are in college.

The standard percentage for an agent is 3% of the overall contract. For a rookie deal, the maximum an agent can charge is 4%. But if the player agrees to let the agent take a smaller percentage, the agent can charge up to 5% of future earnings, annual renewals (like in a TV contract), or other earnings like endorsement deals.

It’s important to do your research when you’re looking for an agent and be very careful about who you sign with. There have been plenty of stories over the years about players being scammed out of their money by fraudulent agents.

What an Agent Does

An agent is a person who procures and negotiates employment or opportunities for clients in exchange for a commission. The client may be an individual, like a musician or actor, or a business, like a modeling agency. Agents are typically paid approximately 10% of their client’s earnings.

Agents often specialize in a particular type of client or industry. For example, some agents represent athletes, while others represent actors or musicians. There are also agents who represent models, writers, and directors.

When clients are first starting out in their careers, they may not have the clout to command high salaries. In these cases, agents may work for free or for a reduced commission in order to get the client’s foot in the door. Once the client has established him or herself and is earning a higher salary, the agent will then begin to earn a commission on those earnings.