Similar to yearly salary, player bonuses can vary on when they are given out.

Like weвЂ™ve established, Bryant agreed quite a unique payment structure to receive 80% of his salary in one lump sum, and ultimately, it is a case by case scenario in the association.

Although itвЂ™s believed most are paid this way, players can absolutely negotiate a different payment structure from a procedure standpoint.ДЇrom monthly, half yearly or all at once, playerвЂ™s and their agents have the ability to negotiate a payment structure that suits their lifestyle and financial objectives. In general, players are paid on a bi-weekly basis during the regular season. The frequency of player payments throughout the league varies from situation to situation and player to player. We put together a video of the most paid players in the NBA. The NBA also takes steps to ensure players donвЂ™t spend their salary all at once, as in addition to the 80% guaranteed salary limit, the league also puts a 50% limit on base salary cheques for the lesser earning players. ItвЂ™s important to note that NBA guidelines allow players to receive incredibly large individual cheques if they earn a high enough salary. An example of this was the late great Kobe Bryant, who made headlines as he received a $24.3 million cheque for 80% of his salary in 2013. The CBA also discusses the opportunity for advanced cheques.ДЄs currently constructed, the CBA allows players to receive up to 80% of their salary before November 1 st, which in typical seasons would be just after the start of the regular season. Some may view this as financially irresponsible, but this is their right by law. In states like New York and California, employees (players) must agree to receive their salary via direct deposit.ДЄs most players make multi millions a year, it is anticipated they would have bank accounts to receive these type of payments, but there are a lot of players that prefer to cash their cheques immediately. Legally, a direct deposit isnвЂ™t a requirement for all states.

It would be expected that players would have a direct deposit for their salary given the dollar amount, but the process isnвЂ™t as straight forward as it seems. The CBA also lists the processes of bonuses, escrow and advances, but these are also not specific in the nature for how they are distributed.ДЇormer NBA player Jalen Rose revealed on his podcast that players receive direct deposits for their earnings, but surprisingly, this isnвЂ™t the case for all players. Unfortunately, the bargaining agreement does not stipulate on whether these payments are physical cheques or direct deposits. The Salary ProcessДЄccording to the NBAвЂ™s Collective Bargaining Agreement (CBA) since 2017, players receive their pay cheques on the first and 15 th of every month. Oklahoma City ThunderвЂ™s Chris Paul is second on that list at $38.5 million, and the top three is rounded out by Houston RocketsвЂ™ Russell Westbrook at $38.1 million for a yearвЂ™s work. Currently, Golden State WarriorsвЂ™ Steph Curry is the highest paid player in the league, taking home an astounding $40.2 million in salary per year.

Highest paid nba players