Connect with us

NBA

NBA To Pay $366.7 Million to Players

In an NBA memo obtained by Basketball Insiders, the league reveals new salary cap details.

Eric Pincus

Published

on

Please enable Javascript to watch this video

On Saturday, the NBA set the salary cap for the 2016-17 season at a record $94,143,000 – up from last season’s $70,000,0000.

In a memo sent out to the 30 teams, which was obtained by Basketball Insiders, the league also set the three tiers of maximum salaries.

For players with less than seven years of experience in the league, the maximum starting salary is $22,116,750.  For those with seven to nine years of experience, the max is $26,540,100.  Finally, players with at least 10 years in the league can earn up to $30,963,450.

Additionally, the salary cap threshold for the coming season will be $113,287,000.  Teams that trigger a hard cap, by either using their Mid-Level Exception, Bi-Annual Exception or acquiring a player via sign-and-trade, cannot spend a cent over $117,287,000.

The Mid-Level does not climb with the salary cap, set at $5,628,000 million in the Collective Bargaining Agreement.  The taxpayer Mid-Level will be $3,477,000 million; the Room Exception will be $2,898,000 million and the and the Bi-Annual Exception will be $2,203,000

Players with Early Bird rights can earn a salary starting $6,191,000 or 175 percent of their previous year’s salary, whichever is higher.

League basketball related income (BRI) for the 2015-16 season was $5.289 billion.  Players earned $2.346 billion in salaries and $212 million in benefits, for a total of $2.558 billion.

The players’ total share of income was just 48.36 percent, below the designated share of 50.83 percent ($2.689 billion).

The NBA will pay out an additional $130.9 million to the players’ union, to make up for the shortfall.  Teams will also return the $235.8 million withheld throughout the season from players’ checks in escrow – a combined $366.7 million.

Seven teams paid luxury taxes for a total of $117.2 million, the major percentage coming from the Cleveland Cavaliers ($54 million).

The Los Angeles Clippers ($19.9 million), Golden State Warriors ($14.8 million), Oklahoma City Thunder ($14.5 million), San Antonio Spurs ($4.9 million), Houston Rockets ($4.9 million) and Chicago Bulls ($4.2 million) were also taxpayers.

Half of the tax will fund revenue sharing, while the other will be distributed to the 23 non-taxpayers at $2.5 million apiece.

The Portland Trail Blazers fell short of the $63.0 million salary floor by $840,206.  The Orlando Magic were $58,268 under.  Both teams will need to compensate last season’s roster in the amount of the shortfall.

The minimum salary for the coming season will be $84,728,700

Finally, the NBA is still crunching numbers to project the salary cap and luxury tax level for future seasons.  That information will be sent out to teams before July 7.

The league’s previous projection for the 2017-18 season was $107 million.

Advertisement




Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Legacy

Looking For A Few Great Voices!

From time to time we have open chairs at Basketball Insiders for writers looking to gain experience, grow their brand and to be part of an aggressive up-tempo content team.

Basketball Insiders

Published

on

From time to time we have open chairs at Basketball Insiders for writers looking to gain experience, grow their brand and to be part of an aggressive up-tempo content team.

We are considering adding new voices for the 2020-21 NBA Season, and what we are looking for is very specific.

Here are the criteria:
– A body of professional work that reflects an understanding of the NBA and basketball.
– Must live within 30 minutes of an NBA team.
– Must be willing to write two to three times per week on various topics as assigned.
– Must write in AP style and meet assigned deadlines.
– Be willing to appear in Podcasts and Video projects as needed and scheduled.
– Have a strong understanding of social media and its role in audience development.
– Be willing to work in a demanding virtual team environment.

Some things to know and consider:
– We are not hiring full-time people. If you are seeking a full-time gig, this is not that.
– This will be a low or non-compensation role initially. We need to understand your value and fit.
– We have a long track record of creating opportunities for those that excel in our program.
– This will be a lengthy interview and evaluation process. We take this very seriously, so should you.
– If you are not committed to being great, this is not the right situation for you.

If you are interested, please follow these specific instructions, Drop us an e-mail with:

Your Name:

The NBA Market You Live Near:

And Why We Should Consider You:

We do not need your resume, but a few links to work you have done under the above information would be helpful.

Please send all of this to: openings2021@basketballinsiders.com

 

Continue Reading

Headlines

#17 – Aleksej Pokusevski – Oklahoma City Thunder

David Yapkowitz

Published

on

With the 17th pick in the 2020 NBA Draft, the Oklahoma City Thunder select Aleksej Pokusevski from Serbia. The Thunder completed a trade with the Minnesota Timberwolves to acquire the pick.

Pokusevski is a long term project, but one that has has an intriguing skillset. A 7-footer with good speed and quickness, Pokusevski plays like a wing and can pass like a guard. But, to truly thrive at the next level, Pokusevski will need to put on some serious weight.

Again, he’s a project. But Pokusevski’s ceiling is sky-high. And, with a rebuild ahead of them, the Thunder have more than enough time to work with him and ensure he reaches it.

Continue Reading

Mock Drafts

2020 NBA Mock Draft – The Final 60-Pick Mock

What a long and winding road the 20201 NBA Draft has been. While this draft cycle has seen its ups and down, the moment of truth if finally upon us.

Steve Kyler

Published

on

What a long and winding road the 20201 NBA Draft has been. While this draft cycle has seen its ups and down, the moment of truth if finally upon us.

Here is a final look at the 2020 Draft, and how it may play out in this final 60-pick Mock Draft of the 20202 NBA Draft process:

 

Continue Reading
Advertisement
Advertisement
American Casino Guide
NJ Casino
NJ Casino

NBA Team Salaries

Advertisement

CloseUp360

Insiders On Twitter

NBA On Twitter

Trending Now