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vp18vp18 PEx Influencer ⭐⭐⭐
Does the PBL have a rookie salary scale just like the NBA ?

When a first round NBA rookie is signed (usually in July ) by the team that selected him , does he start getting paid in july or October (when training camp/preseason start ) ?


Thank you

Comments

  • KobeWanKenobiKobeWanKenobi PEx Influencer ⭐⭐⭐
    RE: NBA

    Some teams pay their players monthly salaries. Big name players however have some clout.

    Players like Shaquille O'Neal are paid in advance half their annual salary at the start of their contract. Thus, when Shaq signed his initial contract with LA, half of the first year contract was given to him immediately after he signed the contract. The remaining half was paid after 6 months.

    There are unverified reports that in the case of Shaq's contract extension with the Miami Heat, he was paid his entire salary after signing the contract. Shaq signed a $100M salary for five years, and the entire $100M amount was immediately given to him once the extension kicked in. If true, that is an extreme case of being paid in advance.

    However, take note though that teams also purchase an insurance on the contracts. If a player misses a certain number of games in a season, the insurance company pays for part of the contract, not the team. Or if the salary was paid in advance, the team is reimbursed the salary.

    That is the case of Grant Hill when he was put on the freezer by the Magic in order for them to claim insurance cover. In fact, Hill couldve played some games but the team decided to keep him in the injury list so that he would miss the minimum number of games to earn insurance.
  • vp18vp18 PEx Influencer ⭐⭐⭐
    RE: NBA

    Some teams pay their players monthly salaries. Big name players however have some clout.

    Players like Shaquille O'Neal are paid in advance half their annual salary at the start of their contract. Thus, when Shaq signed his initial contract with LA, half of the first year contract was given to him immediately after he signed the contract. The remaining half was paid after 6 months.

    There are unverified reports that in the case of Shaq's contract extension with the Miami Heat, he was paid his entire salary after signing the contract. Shaq signed a $100M salary for five years, and the entire $100M amount was immediately given to him once the extension kicked in. If true, that is an extreme case of being paid in advance.

    However, take note though that teams also purchase an insurance on the contracts. If a player misses a certain number of games in a season, the insurance company pays for part of the contract, not the team. Or if the salary was paid in advance, the team is reimbursed the salary.

    That is the case of Grant Hill when he was put on the freezer by the Magic in order for them to claim insurance cover. In fact, Hill couldve played some games but the team decided to keep him in the injury list so that he would miss the minimum number of games to earn insurance.

    hmm interesting stuff. Thanks for sharing. By the way say an NBA team signs a player to a 5 year contract but after just 1 year , the player suffers a career ending injury that occurs outside the playing coart (the player gets in a vehicular accident where the player is NOT AT FAULT ) does the team still have to pay him the remainder of the contract ?

    Thanks
  • ^ Take the case of Jay Williams of the Bulls. His contract contains a provision that disallows him from riding in motorcycles (KWK should be the expert on this) or something like that. This allowed the Chicago Bulls to opt out of their contract when he sufferred a career-threatening injury in a motorcycle accident.
  • KobeWanKenobiKobeWanKenobi PEx Influencer ⭐⭐⭐
    vp18 wrote:
    hmm interesting stuff. Thanks for sharing. By the way say an NBA team signs a player to a 5 year contract but after just 1 year , the player suffers a career ending injury that occurs outside the playing coart (the player gets in a vehicular accident where the player is NOT AT FAULT ) does the team still have to pay him the remainder of the contract ?

    Thanks

    Nearly all NBA contracts are covered by insurance. Thus, should a player get injured/incapacitated/dies due to an accident, his contract is paid by the insurance coveror.

    However, NBA contracts have a limitation. Players aren't allowed to engage in what is considered to be dangerous activities such as riding motorcycles, engaging in x-games, engaging in contact sports, etc. If a player violates that provision, the team is not under any obligation to honor the contract.

    PS. Basketball is a contact sport but players most of the time ask a "for the love of the game" exception. That means their contract is still honored even if they get injured for playing scrimmages during the off-season.
    bchoter wrote:
    ^ Take the case of Jay Williams of the Bulls. His contract contains a provision that disallows him from riding in motorcycles (KWK should be the expert on this) or something like that. This allowed the Chicago Bulls to opt out of their contract when he sufferred a career-threatening injury in a motorcycle accident.

    In the case of Jay Williams, even though they were under no obligation to do so, the Bulls honored the second year of William's contract even though he clearly violated the rules by riding a motorcycle. However, for the third year of his contract, the Bulls did not honor the entire contract and instead bought out a portion of it. Although I am not sure of the details, I believe the Bulls only paid half of the third year of his contract. Williams accepted the buyout because if he contested it in court, the Bulls would have won and he would have not received a single dime later on.

    Expanding on the topic, there are two basic types of NBA contracts. There is the guaranteed and the non guaranteed contract. A guaranteed contract means a team is obliged to honor the entire contract even if a player doesn't play up to par. Just to add though, a guaranteed contract may still be void if a player violates certain clauses such as participating in dangerous sports above.

    The non guaranteed contract on the other hand means a team may not pay the entire contract if they are unsatisfied with their player. For example a player with a $1.2M non guaranteed contract plays bad after two months, the team can cut him and he only gets $200,000 of his contract, not the entire $1.2M anount.
  • vp18vp18 PEx Influencer ⭐⭐⭐
    Nearly all NBA contracts are covered by insurance. Thus, should a player get injured/incapacitated/dies due to an accident, his contract is paid by the insurance coveror.

    However, NBA contracts have a limitation. Players aren't allowed to engage in what is considered to be dangerous activities such as riding motorcycles, engaging in x-games, engaging in contact sports, etc. If a player violates that provision, the team is not under any obligation to honor the contract.

    PS. Basketball is a contact sport but players most of the time ask a "for the love of the game" exception. That means their contract is still honored even if they get injured for playing scrimmages during the off-season.



    In the case of Jay Williams, even though they were under no obligation to do so, the Bulls honored the second year of William's contract even though he clearly violated the rules by riding a motorcycle. However, for the third year of his contract, the Bulls did not honor the entire contract and instead bought out a portion of it. Although I am not sure of the details, I believe the Bulls only paid half of the third year of his contract. Williams accepted the buyout because if he contested it in court, the Bulls would have won and he would have not received a single dime later on.

    Expanding on the topic, there are two basic types of NBA contracts. There is the guaranteed and the non guaranteed contract. A guaranteed contract means a team is obliged to honor the entire contract even if a player doesn't play up to par. Just to add though, a guaranteed contract may still be void if a player violates certain clauses such as participating in dangerous sports above.

    The non guaranteed contract on the other hand means a team may not pay the entire contract if they are unsatisfied with their player. For example a player with a $1.2M non guaranteed contract plays bad after two months, the team can cut him and he only gets $200,000 of his contract, not the entire $1.2M anount.


    Thanks A LOT. I wonder how the Jazz management felt when Karl Malone did that wrestling match with Dennis Rodman.

    As far the "for the love of the game clause" I was told that Jordan was the first if not one the first players who asked for such. Una daw the bulls were hesitant to give in but MJ was firm on this
  • KobeWanKenobiKobeWanKenobi PEx Influencer ⭐⭐⭐
    Jazz probably allowed Malone to wrestle Rodman because they knew wrestling is "scripted".
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