The minimum salary for players signing contracts in the 2024/25 NBA season amounted to 1.16 million U.S. dollars. This represented an increase of around 3 percent from the previous season, when the figure stood at 1.12 million U.S. dollars.

The NBA and WNBA are the two top leagues for basketball in the United States for men and women, respectively. In the NBA, players took home an average annual salary of over 12 million U.S. dollars for the 2023/24 season, with the league's minimum salary set at 1.16 million U.S. dollars that year. In comparison, players in the WNBA received an average annual pay of 119.59 thousand U.S. dollars, with the highest-earning players in the WNBA receiving around 252 thousand U.S. dollars annually.

Context

• The National Basketball Association (NBA) is an American men's professional basketball league.
• It is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the four major professional sports leagues in the United States and Canada.
• It is the premier men's professional basketball league in the world.
• The league was founded in New York City on June 6, 1946, as the Basketball Association of America (BAA).
• It changed its name to the National Basketball Association on August 3, 1949, after merging with the competing National Basketball League (NBL).
• The NBA's regular season runs from October to April, with each team playing 82 games.

• The league's playoff tournament extends into June. As of 2020, NBA players are the world's best paid athletes by average annual salary per player.

• The NBA is an active member of USA Basketball (USAB), which is recognized by the FIBA (International Basketball Federation) as the national governing body for basketball in the United States.

• The league's several international as well as individual team offices are directed out of its head offices in Midtown Manhattan, while its NBA Entertainment and NBA TV studios are directed out of offices located in Secaucus, New Jersey.

The NBA is the third wealthiest professional sport league after the National Football League (NFL) and Major League Baseball (MLB) by revenue.

Content

1. GM, GP; GS: games played; games started 2.PTS: points 3.FGM, FGA, FG%: field goals made, attempted and percentage 4.FTM, FTA, FT%: free throws made, attempted and percentage 5.3FGM, 3FGA, 3FG%: three-point field goals made, attempted and percentage 6.REB, OREB, DREB: rebounds, offensive rebounds, defensive rebounds 7.AST: assists 8.STL: steals 9.BLK: blocks 10.TO: turnovers 11.EFF: efficiency: NBA's efficiency rating: (PTS + REB + AST + STL + BLK − ((FGA − FGM) + (FTA − FTM) + TO)) 12.PF: personal fouls 13.MIN: minutes 14.AST/TO: assist to turnover ratio 15.PER: Player Efficiency Rating: John Hollinger's Player Efficiency Rating 16.PIR: Performance Index Rating: Euro league's and Euro cup's Performance Index Rating: (Points + Rebounds + Assists + 17.Steals + Blocks + Fouls Drawn) − (Missed Field Goals + Missed Free Throws + Turnovers + Shots Rejected + Fouls Committed)

Inspiration

This is one of the most common questions of everyone's life that how are these basketball players such rich and how are they getting paid, and even the stats about how everything is done on a team.

Basketball is a commonly watched sport both in the United States and worldwide. The National Basketball Association is a professional basketball league for men with 30 teams competing against each other in the United States. Over the past years, NBA has gained significant popularity and a significant increase in players' salaries has made it one of the best paid sports league worldwide. In 2019, the NBA's average annual salary reached 8.32 million U.S. dollars per player and total salaries approximated to 3.67 billion U.S. dollars.

In the 2023/24 season, the Golden State Warriors generated the most revenue from the National Basketball Association franchises. Specifically, the Golden State Warriors generated 800 million U.S. dollars in revenue by the end of the season.