How do NBA players get their salaries
The average salaries of NBA players
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Average salary is calculated by adding the salaries of all NBA players for a given season and dividing that number by the total number of players under contract. It doesn't necessarily reflect the amount most commonly earned by NBA players as actual player salaries cover a wide range, from the current $ 457,588 to the highest salary in the league, which is $ 23,239,561 for the New York Knicks Tracy McGrady is paying for the 2009-2010 season, according to HoopsHype.
In addition to a measure of how well-paid NBA basketball players are played compared to previous years and with other professional athletes, the average NBA salary is also used as a measure in the collective agreement between the NBA and the National Basketball Players Association (NBA), the exception provision of the middle level.
Under the NBA's collective agreement, teams can use what is known as a mid-level exemption, which allows them to sign a player into a contract that matches the league's average wage without exceeding the NBA's salary cap. Mid-level exception contracts can be signed for up to six years and can be used by one player or shared among multiple players. Teams have the option to use the mid-level exception each season.
For the first year of the NBA's salary cap in 1984-85, the average salary in the league was $ 330,000, according to ESPN. Until the 1991/92 season, when the median salary was $ 1.1 million, it was under $ 1 million for six years. It only took four more years to break the $ 2 million threshold. Here they only stayed three seasons until they topped $ 3 million in 1998-1999. The escalating trend continued as the average salary topped $ 4 million just two hours later, before growth slowed as it would not exceed $ 5 million by 2005/06. The 2004-05 season was the only one whose average wage was lower than the previous season as it fell from $ 4.917 in 2003-2004 to $ 4.9 million.
The minimum wage scale for the 2009-10 NBA season starts at $ 457,588 for a player with no NBA experience and goes up to $ 1,306,455 for players who have been in the league for 10 or more seasons.
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