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Damian Lillard is expected to be the first NBA player to eclipse $60 million in the 2026–27 season, having signed a contract worth $63,228,828. Starting from the 1984–85 NBA season, the NBA's first salary cap was introduced. The NBA salary cap is the maximum dollar amount each NBA team can spend on its players for the season. However, the ...
The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Like the other major professional sports leagues in North America, the NBA has a salary cap to control costs and benefit parity, defined by the league's collective bargaining agreement (CBA).
This list does not reflect the highest annual salaries or career earnings, only the top 100 largest contracts and thus is largely limited to athletes in team sports and auto racing. Athletes in individual sports , such as golf , tennis , table tennis , boxing , kickboxing , and MMA , are not employed by a team and usually earn money primarily ...
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The collective bargaining agreement (CBA) of the National Basketball Association (NBA) is a contract between the league (the commissioner and the 30 team owners) and the National Basketball Players Association (NBPA), the players' union, that dictates the rules of player contracts, trades, revenue distribution, the NBA draft, and the salary cap, among other things.
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As of 2020, NBA players are the world's best paid athletes by average annual salary per player. [6] [7] [8] The NBA is an active member of USA Basketball (USAB), [9] which is recognized by the International Basketball Federation (FIBA) as the national governing body for basketball in the United States.
Originally the statement "60% of NBA players go bankrupt within five years after leaving their sport" was released by a representative of the NBA Players' Association in 2008. [5] A Fortune magazine article states, however, that a working paper from the National Bureau of Economic Research found that the percentage of NFL players who go ...