In the 2023-24 season, the NBA's salary cap soared to a record 1At $3.6 billion, some of the league's top stars earn as much as $40 million to $50 million in a single season. While the highest-paid players in the league don't necessarily mean they're the best in the NBA, their salaries do reflect their status among the league's more than 500 players this season.
The latest version of the NBA's collective bargaining agreement clearly stipulates a salary cap for players in a given season. Among them, the player's playing experience became the decisive factor. Veterans who have played more than 10 seasons in the NBA can earn 35% of the salary cap. Players who have been in the league for 7 to 9 years can sign at 30% of the salary cap. For those players with at least 6 years of playing experience, they also have the opportunity to receive 25% of the salary cap.
In addition, additional bonus clauses, such as winning the Most Valuable Player (MVP) title, being named to the NBA All-NBA Team, or being named an All-Star, can also have an impact on a player's gross salary.
Boston Celtics second-star Jaylen Brown signed a shocking five-year 3 last July$0.4 billion contract, a record in NBA history. However, his name does not appear on this list, as his huge contract will not officially take effect until next season. What we can be sure of is that he will surely be the center of attention once his contract is in effect once it is in effect.
So, who is the highest-paid player in the NBA in 2023-24? How much do they earn? How long does it take for their contract to expire? How much do they earn in their profession? Let's take a look!
10.Damian Lillard.
2023-24 salary: $45.64 million.
Ranked tenth is Milwaukee Bucks guard Damian Lillard, who is tied with four other players for the seventh-highest paid player in the NBA this season. So far in his career, Lillard has been named to the All-Star team eight times and the NBA All-NBA team seven times, including a first-team selection in 2018, and he is fully qualified for a super-max contract.
This season, Lillard is making a whopping $45.64 million, which comes from a four-year, $1.1 contract he signed with the Trail Blazers before the start of the 2021-22 NBA seasonA huge contract of $7.6 billion.
In the summer of 2022, Lillard successfully signed a two-year, $1$1.3 billion contract extension. This means that he will remain one of the highest-paid players in the league for the foreseeable future. The extension also includes a $58.2 million player option for the 2026-27 season (when he will turn 36).
Assuming Lillard chooses to exercise this player option, his career gross earnings will be more than a staggering 4$4.1 billion. And that's just his on-court earnings in the NBA.
Back in 2014, Lillard signed a huge $100 million contract with Adidas. In addition, he has a series of endorsement collaborations with many well-known brands such as Hulu and Foot. These undoubtedly added to his wealth.
9.Giannis Antetokounmpo.
2023-24 salary: $45.64 million.
The Milwaukee Bucks have two players in the top 10 NBA earnings, with Greek monsters Antetokounmpo and Lillard joining the list. The two Bucks stars earned $45.64 million this season.
He signed his current contract before the start of the 2020-21 season, when he had just earned the regular season MVP and the 2020-21 Defensive Player of the Year. He signed a copy worth 2A $28.2 billion super-cap contract extension, which was a league record at the time.
Like Lillard, Antetokounmpo should still be one of the highest-paid players in the NBA. He signed a three-year, $1. contract with the Bucks before the start of the 2023-24 season$8.6 billion contract extension, which includes a player option for the 2027-28 season.
To date, Antetokounmpo has earned more than $2 in his career$3.4 billion, a figure that could double in the next four years, as his recent contract renewal will see him earn more than $58 million a year.
In addition to his NBA income, the Greek superstar has a significant endorsement income. He teamed up with Nike on his signature collection, Zoom. He is also the face of Pixel's Big Mac, an official partner of the NBA.
8.Paul George.
2023-24 salary: $45.64 million.
Also earning $45.6 million this season is Los Angeles Clippers star Paul George. He was named to the All-Star team nine times and to the NBA All-Star team six times, including to the All-NBA First Team in 2018-19. George is currently in the process of signing a four-year, $1A $900 million contract, which he signed in the 2020 offseason, the summer he was traded to the Clippers.
He has a player option worth $48.8 million for next season, but he has yet to make a decision.
Currently, George and the Clippers are in advanced discussions about a new contract extension, and both parties want George to continue playing for Los Angeles. Since successfully bringing in George and Kawhi Leonard in the 2019 offseason, the Clippers have made winning a championship their ultimate goal. Unfortunately, however, bad luck and injuries have been plaguing them and hindering them on their path to the top.
George has earned more than $300 million in his career and will be eligible for a contract extension if he chooses to waive the player option next year.
7.Kawhi Leonard.
2023-24 salary: $45.64 million.
George and Leonard have earned the same amount of money for the past three seasons. However, while George was still considering whether to renew his contract, Leonard decided to forgo the player option for the 2024-25 season and signed a three-year, $1. job earlier this year$500 million contract extension.
Leonard is a two-time NBA champion in 2014 and 2019 and has won the title of Finals MVP in both Finals. He was also named to the All-Star team six times and to the NBA All-NBA Team five times (twice to the First Team and three to the Second Team).
Leonard's contract extension with the Clippers means he's determined to bring the team its first NBA title, a feat he's not been able to achieve since joining the team in the summer of 2019, when he was just leading the Raptors. The team won the championship. Now, he hopes to continue playing for the Clippers with this new contract to earn the team the long-awaited championship honor.
So far, Leonard has earned more than $2 in his career$7.6 billion, while that number will jump to more than $4 when his new contract ends$2.6 billion.
6.Kevin Durant.
2023-24 Season Salary: $46.4 million.
It's no surprise that the greatest Kevin Durant in history is on this list, especially since he remains one of the best players in the NBA. A former regular-season MVP, 14-time All-Star and 10-time All-NBA winner, Durant is fully worthy of the NBA's biggest contract.
Durant will earn $46.4 million this season, a four-year, $1. he signed with the Brooklyn Nets in August 2021Part of a $9.4 billion contract. This contract does not include any exit options, meaning Durant will not be in control of his situation until the end of the season. The contract expires for the 2025-26 season. However, the contract includes bonus incentives worth up to $6.2 million.
Durant will receive at least $1 million per season if the team advances to the playoffs, the Suns win at least 43 games in a single season, or he plays at least one game in a single season and makes the All-Star team. Since Durant has been named to the 2024 All-Star team and has played 48 games this season, he will receive an additional $1.2 million in prize money.
By the end of this contract, Durant's career gross will reach nearly $500 million. However, considering that he will be 38 years old when his current contract expires, this could be the last big contract of his career.
5.Bradley Beale.
Salary for the 2023-24 season: $4,674
Perhaps the most surprising player on this list is Durant's teammate Beal, who has received the fewest accolades among the top 10 paid players this season.
Although Beal has only been named to the All-Star team three times and has only been selected to the NBA All-Star team once, that hasn't stopped his old club, the Washington Wizards, from signing a five-year-2A huge contract of $5.1 billion. Renew his contract.
This season, Beal's revenue reached $46.74 million. When the Suns traded him from the Wizards, he could have moved higher on this earnings list if he chose not to give up the 15% trade bonus.
Currently, Beal is in the second year of his current contract, which will be extended through the 2026-27 season. At that point, he will have the option to choose whether or not to exercise his $57.1 million player option.
Bill, now 30, has earned more than 2$6.7 billion. By the end of his current contract, he will have a total income of more than $4$2.8 billion mark.
4.Joel Embiid.
2023-24 salary: $47.6 million.
Joel Embiid (Joel) won the 2023 regular season MVP. His dominance on the inside is unmatched. He can hit the basket hard and shoot three-pointers from long distance. He's also very good defensively. He's the best player in the league. One of the best players in the NBA this season and one of the highest-paid players.
In addition to his regular-season MVP honors, he was a seven-time All-Star, a five-time All-NBA All-NBA selection, a three-time All-Defensive Team selection, and a two-time All-NBA All-NBA selection. Time Scorer.
The Philadelphia 76ers superstar signed a four-year contract extension in 2021 for a whopping $2$1.3 billion. The contract, which runs through the end of the 2026-27 season, brings him an average annual income of about $53.3 million. This season, Embiid's revenue reached $47.6 million. The contract includes a player option for his 32-year-old season, which he will receive a whopping $59 million if he chooses to exercise that option.
Although Embiid has struggled with injuries in the past, he has amassed a huge fortune during his NBA career. To date, he has earned more than 2$1.4 billion. At the end of his current contract, his career gross earnings will exceed 3$800 million mark.
It is worth mentioning that when Embiid faced a contract extension in 2017, the 76ers did not hesitate to sign him to a five-year contract extension with a maximum salary, even though he had only played 31 professional games at the time. This contract is a testament to his potential and worth.
3.Nikola Jokic.
2023-24 salary: $47.6 million.
Nikola Jokic is widely regarded as one of the best basketball players in the world today, and he totally deserves every penny paid to him by the Denver Nuggets. Jokic, a two-time regular season MVP and potentially third time this season, has also earned $47.6 million this season.
Before winning the NBA championship last year, Jokic signed a five-year, $2$6.4 billion super-cap contract extension. Jokic pays an average of $55.2 million per year on this season-effective contract, and he also has a $62.8 million player option in the final year of his contract, the 2027-28 season.
For the NBA star, who enjoyed riding and relaxing in his hometown in the offseason, his basketball career paid off handsomely. To date, Jokic has earned more than $1$9.8 billion. When his current contract ends, his total earnings will more than double, soaring to a staggering 4$2.6 billion.
2.LeBron James.
2023-24 salary: $47.6 million.
Arguably, James is the most decorated player in NBA history, and the 39-year-old doesn't seem to be showing signs of slowing down. Despite his advanced age, he still fights against Father Time and remains one of the top players in the league. That's why he still earns a huge salary to this day.
James signed his current contract in 2022 for a two-year, $99 million contract extension that includes a $51.4 million player option for the 2024-25 season. He is earning $47.6 million this year, which brings his career-cumulative earnings to $4$7.9 billion, making him the richest player in NBA history.
However, there are rumors that James may drop the player option and sign a new contract next season. Regardless of whether he ultimately chooses to re-sign with the Lakers or switch to another team, it is certain that he will likely become the first player in NBA history to earn more than $500 by the end of his illustrious multimillionaire career. 。
In addition to his on-court earnings, James has amassed a huge fortune through extensive endorsements and commercial investments. Forbes estimates that his net worth is a staggering $1 billion.
1.Stephen Curry.
2023-24 salary: $51.91 million.
First place is Curry. The 35-year-old is a four-time NBA champion, two-time regular season MVP, one-time Finals MVP and ten-time All-Star, and he remains one of the best and most exciting players in the NBA. 。
In the summer of 2021, Curry signed a four-year, $2$1.5 billion contract extension. This makes him the first player in NBA history to sign multiple contracts worth more than $200 million. Back in 2017, Curry had already received his first contract of this magnitude, when the Warriors signed him to a five-year, $2$0.1 billion in contracts.
Curry's current contract runs for the 2025-26 season, with an average annual salary of $53.8 million. The contract is fully guaranteed, with no player option for the final year, at which point he will receive a salary of up to $59.6 million.
Currently, Curry is the only player in the league with an annual salary of more than $50 million. While that may change next season, Curry will remain at the top of the NBA earnings list until the end of his current contract.
To date, Curry has earned $3$5.4 billion. By the end of the contract, total revenue is expected to reach 4$700 million.
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