why do nba players make so much money
In the latest installment of news-that-isn t-really-our-business-but-what-the-hell,
apparently make way less money than we assume they do. According to a new report from, our favorite roundball athletes are struggling out here. They re making so little money so little money. We should probably start a for right now. Maybe not. Let s keep reading and find out just how broke he is. With a series of very detailed infographics, ESPN breaks down how the NBA s superstars are not necessarily as well-paid as we think they are due to all of the federal and state taxes they pay in addition to the various expenses that come along with being a professional athlete. Robert Raiola, sports tax expert and director of the sports and entertainment group for PKF O Connor Davies, helped ESPN suss out the final numbers of the salaries of the 10 top-earning players.
Of course, at the top of the bunch is, who will now average $40. 2 million per season after signing a five-year, $202 million extension. For context, Curry was paid a total of $44 million for the previous four seasons. Curry s $34. 8 million salary this season sits slightly higher than the previous top amount of $33. 1 million by in 1998. But despite this, Curry actually makes less than the second player on the list because he only brings home about $15 million after paying California s high taxes. No. 2 on the list is, of course, LeBron James, with a gross salary of $33. 2 million this season. If he re-signs with the Cavaliers for the next five years next summer, he can say hello to $207 million (if he maxes out with another team in a four-year deal, he ll get about $54 million less).
And he will need every penny of that when you consider that, like Curry, he is only bringing home about half his salary every year. Fortunately for him, the number provided in this list only looks at James NBA salary, and ESPN notes James business acumen. There s his lifetime deal with Nike, which will add another $1 billion to his fortune over time. Also mentioned are his recent cash out from Beats By Dre, which earned him $30 million, and his equity in Blaze Pizza, which is currently sitting around $35 million. This is after James invested less than $1 million. Talk about a come up. Elsewhere in the top 10 is at No. 8, who is currently eligible to sign a five-year extension with the Thunder for around $207 million. His current gross pay is a little over $28. 5 million, and he only nets somewhere around half of that.
But that s only depressing if you ignore Westbrook s side hustle as a shoe pusher he just signed the this month, which is sure to bring lots of commas to his bank account. Bottom line: NBA players are obviously very rich. But as you can see, they re not as rich as you might think if you just look at their salaries alone. You can find a breakdown of the other top seven player salaries, including figures for, and. Last season we were watching an NBA game. The TV reporter was talking about money and said that Kobe Bryant, who has now retired from playing for the Los Angeles Lakers, was paid $25 million per year. We were shocked, so we looked it up and saw that it was true, for 2015-2016. Then we searched for БWhat is the average amount of money NBA players get paid per year?
Б We were surprised to see that the typical salary was $2. 8 million for the same season. A few days later when we were riding the bus, we passed by an ad that said, БIncrease the soldierБs salary. Б We did research and found out that enlisted soldiers typically get less than $30,000 per year for basic pay. We were shocked that NBA players get paid so much more than soldiers do. It is not fair to soldiers because they risk their lives and leave their families to protect us and our country, while NBA players play a sport and get paid so much more. We want the government to increase the salary of U. S. soldiers. Fairness in how much people get paid will lead to happier people in the world. And who doesnБt want a world with happy people?
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