What is 'Liability' A liability is a company's financial debt or obligations that arise during the course of its business operations. Liabilities are settled over time through the transfer of economic benefits including money, goods or services.
The Minimum Annual Salary for an NBA player varies from year to year and depends on how long they have been playing in the NBA. The minimum for a 10 year veteran is far different from the minimum salary for a rookie. The minimum rookie salary in the 2010 - 2011 season is set at $473,604 USD.
The average salary of a basketball player in the NBA is about $4.2 million per year.A â¦ starting rookie player makes about $750,000 per year, while a highly paid and highly skilled NBA player can make upwards of $10 million per year. good player will get paid around $8 million a year while a great player will get paid $20 million a year.