Year over year, the NBA has netted an average of $2.3 billion after paying salaries of all its players. Whether or not the league and its teams are profitable depends heavily on whether that $2.3 billion per year is enough to cover all other expenses. read more
For example, a rookie player is guaranteed a minimum annual salary of $490,180 while a veteran with 10-plus years of service must be paid at least $1,399,507 per year. The league's highest-paid player for the 2013-14 season is the Los Angeles Lakers' Kobe Bryant, whose contract pays him $30,453,805. read more