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 NBA salary is projected to hit $10 million for the 2020-21 season thanks to the new deal and the leagueâs nine-year, $24 billion TV agreement with ESPN/TNT reached in 2014. The current average NBA salary of $6.2 million for this season is tops across all sports. Here is how the average salary and highest-paid player break down among the major U.S. sports leagues based on the most recent available data. NBA. Average salary: $6.2 million (2016-17 season) Highest-paid player: $31 million (LeBron James) MLB