how do nba players get paid?

beastmaster · Sixth Man Joined: 03 Aug 2005 Posts: 77

does anyone know how nba players receive their millions of dollars per year? do they get paid in monthly installments? bi-weekly installments? I'm just curious how they get their $$$.
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chef · Posted: Wed Jul 12, 2006 8:44 am Post subject:

I think they get a lump sum + 10 installments per year. Something like that.

Socks · Posted: Wed Jul 12, 2006 10:07 am Post subject:

I think it depends on the structure. Bonuses get paid in a lump sum. So if you get a $1M signing bonus for instance, I think you just get that up front.

The annual salary most likely gets paid in installments - so monthly or bi-weekly or whatever. Of course, I'm purely guessing.

orwell · Posted: Wed Jul 12, 2006 2:04 pm Post subject:

Hopefully via direct deposit.

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SenorJefe · Posted: Wed Jul 12, 2006 5:13 pm Post subject:

small bills
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Polish_Bastard · Posted: Thu Jul 13, 2006 1:07 am Post subject:

I think the normal procedure are biweekly instalments. But it depends, deals can be frontloaded with a lot of money paid upfront and then prorated for the remaining years of the deal. That's what teams trying to sign away restricted free agents do.
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thegreatest · Star Player Joined: 02 Sep 2002 Posts: 9911

it depends on the contract.

i know some get like 80% (something like that) of their annual contract, at the start of the season.

i am pretty sure the player can decide how they want it. ( start of season, monthly, weekly)

player still get paid if they are cut, so it doesn't matter.

PNWlakers · Posted: Thu Jul 13, 2006 10:58 am Post subject:

KingKobe20 · Posted: Sat Jul 15, 2006 9:58 am Post subject:

I'm guessin' direct deposit.

Kobe8LG · Posted: Sat Jul 15, 2006 7:36 pm Post subject:

They get a visa giftcard every month!

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Jesseca328 · Posted: Sat Jul 15, 2006 11:36 pm Post subject:

Like Ray Charles all in $1 BillsSS!!!
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vandido626 · Star Player Joined: 17 Jun 2005 Posts: 1405

They get paid in cars in bling
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LaLakers999 · Star Player Joined: 10 May 2006 Posts: 1103

under the table

ramy002 · Sixth Man Joined: 10 Jan 2006 Posts: 51

Does anybody know what the per diem allowance is these days? I remember reading in Magic Johnson's autobiography they received about $40 a day back then.

ShadyG · Posted: Tue Jul 18, 2006 11:47 am Post subject:

L.A. Times writeup on Pinnock mentioned $100/day
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10scott10 · Posted: Tue Jul 18, 2006 6:13 pm Post subject:

non-secuntial $100 bills. in a suitcase. that has a handcuff on the handle.