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Basketball

How Much Do NBA Players Make?

by Jon 15 Jul 2024
How Much Do NBA Players Make

Basketball is one of the most popular sports on the planet. This sport is equally popular in the USA and Europe, but a much larger amount of money is spent in the NBA than in Europe. Players in Europe have decent contracts, but they are not nearly as big as the contracts that NBA players have.

On this occasion, we will talk about how much NBA players earn. The numbers are unreal.

The highest-paid player at the moment is Stephen Curry, the point guard of the Golden State Warriors who will earn over $ 45 million in the 2021/22 season. He will earn almost 215 million dollars in the next four years.

Of the active players, Lebron James earned the most in his career. When his contract with the Lakers expires, he will cross the magic limit of $ 400 million. NBA legend Michael Jordan is the richest basketball player of all time and his total wealth is estimated at around 1.6 billion dollars.

Top 15 Highest Paid Players in NBA History

1.

LeBron James

$346,203,575

2.

Kevin Garnett

$334,304,240

3.

Kobe Bryant

$323,312,307

4.

Chris Paul

$299,909,419

5.

Shaquille O'Neal

$286,344,668

6.

Kevin Durant

$264,153,846

7.

Carmelo Anthony

$259,153,846

8.

Dirk Nowitzki

$251,646,362

9.

Russell Westbrook

$244,370,524

10.

Dwight Howard

$242,500,792

11.

Tim Duncan

$242,024,800

12.

Chris Bosh

$239,063,622

13.

James Harden

$224,349,734

14.

Blake Griffin

$223,359,012

15.

Pau Gasol

$220,990,766

https://youtu.be/au9Z06Dh6Fc

What is the Average Salary of a Player in the NBA?

If we look back at the previous 2020/21 season, we will see that the average salary of NBA players was slightly less than 8 million dollars, or 7.9 million. As for the current season 2021/22, the projected salary per player is 8.25 million dollars. That is four percent more than the previous season.

The average salary is increasing from year to year, although this season recorded the lowest growth in the average salary of NBA players in the last seven years. Only ten years ago, the average salary of NBA players was around 4.5 million dollars. If we go back to the 1990s, then we can see a very interesting fact.

In the 1990/91 season, the average salary was not even one million dollars. At that time, NBA players earned an average of about 850 thousand dollars. At the beginning of the two thousand years, the average salary was only about 3 million dollars.

The largest increase in average earnings was recorded in the 2016/17 season. In that season, earnings increased by 23% compared to the previous season, so the average earnings jumped from just over 4.8 million to almost 6 million dollars. The only drop in the average earnings of NBA players in the last seven years was recorded in 2015, when the average salary dropped by almost 600 thousand dollars, ie from a little more than 5 million dollars to 4.45 million dollars.

After the 2014/15 season, each subsequent season, the average salary increased by a certain percentage.

In the time we live in today, money has become the most important thing and considering that sport has become a kind of industry, it is no wonder that basketball players in the NBA earn huge amounts of money.

All these players have great contracts, and the biggest stars, in addition to playing basketball, also earn money from fantastic sponsorship contracts. By the end of this decade, the average salary should be expected to reach 10 million dollars.

Top 10 Highest Paid Players for the 2020/21 season

Stephen Curry, Warriors: $43,006,362

Chris Paul Suns: $41,358,814

Russell Westbrook, Wizards: $41,358,814

James Harden, Rockets: $41,254,920

John Wall, Rockets: $41,254,920

Kevin Durant, Nets: $40,108,950

LeBron James, Lakers: $39,219,566

Blake Griffin, Pistons: $36,810,996

Paul George, Clippers: $35,450,412

Klay Thompson Warriors: $35,361,360

In the last two seasons, point guards had the highest average earnings in the NBA. They took that place from high-ranking players who play in the center position and who were the players with the highest average earnings in the NBA for six consecutive seasons before the 2019/20 season.

Players playing in this position earned an average of just over $ 11 million last season. Point guards are the first group of players to cross the magic limit of 10 million dollars when it comes to the average salary of players in the NBA. It is especially interesting to note that in as many as eight previous seasons, the players who play in the position of shooting guard had the lowest average earnings.

Players playing in this position were the only ones to have an average salary of less than seven million dollars. In the previous season, their average salary was 6.5 million dollars. Only two of the twenty highest paid players from the previous season play in the shooting guard position.

Until six years ago, the average salary of point guards was just over $ 4 million. Exactly three decades ago, the point guard earned an average of barely 750 thousand dollars in the NBA. In the previous 2020/21 season, six of the ten highest-paid players were point guards. In the last three seasons, their earnings have increased by almost 20 percent.

As for the players in the small forward position, their average salary in the 2020/21 season was 7.13 million dollars. Only one player playing in that position was among the top 10 highest-paid players in 2021.

In more than three previous decades, it has never happened that a group of players playing in this position will be the highest paid in the NBA. As for the players in the power forward position in the 2020/21 season, they earned an average of 7.64 million.

In the end, the centers earned an average of 7.82 million dollars in the previous season. Their average earnings fell by 15 compared to a year earlier.

Only the centers experienced that their average earnings were reduced while players in other positions enjoyed smaller or larger raises on their bank balance.

For years, the centers were the highest paid players, but the situation has changed in the last two seasons, so the first place in terms of average earnings in the NBA was taken by players who play in the position of point guard. No center was among the fifteen highest-paid players in 2021.

Top 15 Highest Paid Players for the 2021/22 season

1.

Stephen Curry

Warriors

$45,780,966

2.

James Harden

Nets

$44,310,840

3.

John Wall

Rockets

$44,310,840

4.

Russell Westbrook

Lakers

$44,211,146

5.

Kevin Durant

Nets

$42,018,900

6.

LeBron James

Lakers

$41,180,544

7.

Giannis Antetokounmpo

Bucks

$39,344,900

8.

Paul George

Clippers

$39,344,900

9.

Kawhi Leonard

Clippers

$39,344,900

10.

Damian Lillard

Trail Blazers

$39,344,900

11.

Klay Thompson

Warriors

$37,980,720

12.

Jimmy Butler

Heat

$36,016,200

13.

Tobias Harris

76ers

$35,995,950

14.

Khris Middleton

Bucks

$35,500,000

15.

Anthony Davis

Lakers

$35,361,360

Not all players in the NBA have as high contracts as the players on this list. Some of the players have very "funny" contracts compared to these figures. How much a player will earn on average per season depends on years of experience spent in the NBA.

When you are a great superstar as the mentioned players then as expected you have incredibly high contracts. On the other hand when you are a rookie or a veteran then your contract is not that high.

The minimum salary that a player earns in the NBA varies between 925 thousand dollars intended for players who have no experience of playing in this league, such as Luka Garza, and 2.6 million dollars, which is intended for veterans with more than 10 seasons of experience such as Marc Gasol or Trevor Ariza. Demetrius Jackson is the lowest-paid player in the 2021/22 season, earning "only" $ 92,857.

The Lowest Paid Players per Year

2022

Demetrius Jackson

PG

BOS

$92,857

2021

Moritz Wagner

C

ORL

$221,995

2020

Juan Toscano-Anderson

SF

GSW

$350,189

2019

Gary Clark

PF

HOU

$596,873

2018

Alfonzo McKinnie

SF

TOR

$815,615

2017

Bryn Forbes

SG

SAS

$543,471

2016

Aaron Harrison

SG

CHA

$525,093

2015

Langston Galloway

PG

NYK

$235,762

2014

Aron Baynes

C

SAS

$788,872

2013

Patrick Beverley

PG

HOU

$281,377

2012

Lance Thomas

PF

NOP

$328,444

If we compare European basketball with the NBA, we come to the fact that the highest paid player in Europe, Nikola Mirotic, who once played in the NBA, and now plays for Barcelona, ​​earns $ 4.5 million per season. Shane Larkin, another player who tried his hand in the NBA, has a salary of 3.7 million dollars and is currently playing for the winner of the Euroleague, Anadolu Efes.

We can see that the highest-paid player in the NBA earns ten times more than the highest-paid player in Europe. The money that the best players in Europe earn is equal to the money that players with average qualities earn in the NBA.

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