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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).
Larry Bird became the first player to earn $5 million or more with a salary of $7,070,000 in the 1991–92 season. Magic Johnson became the first player to earn $10 million or more in the 94–95 season with a salary of $14,660,000. Patrick Ewing became the first player to earn $15 million or more in the 95–96 season with a salary of $18,724,000.
By 1941, Hank Greenberg was the highest-paid player in baseball, earning $55,000 a season ($1,139,300 today). [8] Stan Musial's $80,000 a season ($917,900 today) was the highest in 1952, while young star Mickey Mantle earned $10,000 a season ($114,700 today). Musial, like Cobb, supplemented his income; he owned a restaurant.
The salary cap is expected to rise sharply over the course of most of the decade. NBA salary cap expected to jump $10 million next season to $134 million Skip to main content
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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.
The deal will make him the highest-paid coach in NBA history. At $17.5 million per season, Kerr will receive a salary higher than all but five of the Warriors' players this season .
In the Big 4 North American sports leagues (Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL), and National Hockey League (NHL)), there are three different methods employed to limit individual teams payroll: hard salary cap, soft salary cap with luxury tax, and luxury tax.