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.
WNBA Salary Minimum. According to the website Women's Basketball Online, as of February 2011 the minimum salary for a Women's National Basketball Association player with less than three years of experience is $36,570.The minimum salary for a player with over three years experience is $53,000.s of the 2011 season, the maximum rookie contract in the WNBA was valued at $103,500. The maximum salary for all other WNBA players is $101,000. A player is usually eligible for free agency after serving out her rookie contract.