Basketball Players Contract

Like both professional football players and baseball players, basketball players are paid handsomely for their work on a team, regularly earning million of dollars in annual salaries and other bonuses. Bonus money paid to players just for signing a contract, commonly referred to as a signing bonus, can earn a player millions alone. A signing bonus is often used in a basketball players contract in order to sweeten the deal and persuade a player to sign with a team. In addition, perks and other special conditions are common in basketball contracts. Cars, plane tickets, hotel rooms, and many other special provisions are commonly added to basketball players contracts. The more desired the player, the more that player can ask for and ultimately receive in his contract. Also, guaranteed contracts are common in basketball, meaning that a team must still pay a player who has been cut early from a team under the rules of the basketball players contract.

Fast Facts

  • Kevin Garnett of Boston was the top NBA earner in 2008-2009, making $24,751,934.
  • The 2008-2009 team salary for the Dallas Mavericks is $97,496,177.

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