What is the basic wage for full-time agreements in the NBA for the 2022-23 season? This year’s budget and salary cap lower limits

By | Niranjan Bhargav 23 Feb, 2023

NBA league minimum salaries are widely used and very common when creating rosters. Players with low value or rookies just beginning their basketball careers are typically the ones who sign minimum contracts. Having these players on the roster doesn’t necessarily imply that they are a bad choice, though. In fact, some people, such as Jeremy Lin in 2012, ended up being undiscovered gems.

Some people may be curious about the value of the NBA league’s minimum wages this year. The lowest salary that can be given to a rookie is $953,000 per year, according to Spotrac. Long-term veterans who have played in the league for at least ten years are qualified to sign deals worth a minimum of $2.72 million annually.

Based on how long a player has participated in the NBA, here is a complete list of each minimum contract:

Rookie – 953k per year
1 year – $1.53 million per year
2 years – $1.71 million per year
3 years – $1.78 million per year
4 years – $1.84 million per year
5 years – $1.99 million per year
6 years – $2.15 million per year
7 years – $2.30 million per year
8 years – $2.46 million per year
9 years – $2.47 million per year
10+ years – $2.72 million per year

Why do organizations choose to pay players the NBA minimum wage?

Teams typically go all out to sign the greatest players they can find to lucrative contracts in order to complete the ideal lineup. Franchises then tend to sign players who they can provide the NBA league minimum pay once they have used up most of their financial resources and still want to sign players.

Although it’s customary for these players to fill up the roster, it’s not always the case. Despite being given meager contracts, these people nevertheless get to play in games because they have accumulated valuable experience over the years.

Deandre Jordan, who is currently committed to a $2.90 million, one-year minimum contract, is a prime example. Although Jordan is no longer the high-flying threat he was while playing for the LA Clippers, he is still a reliable big man who is capable of performing his duties well. This season, DJ is playing 14.6 minutes per game and averaging 4.9 points and as many rebounds.