The amount of money a player earns on a 10-day contract in the NBA can vary depending on their experience and tenure in the league. As of the 2021/22 season, the minimum salary for a rookie on a 10-day contract is $56,721. However, it’s important to note that this is the full-season minimum salary for a rookie, which is typically divided by the number of days in the season to calculate the daily salary.
Since the 2021/22 NBA season is 174 days long, we can divide the full-season minimum salary for a rookie by 174 to determine their daily salary. Doing the math, we find that a rookie on a 10-day contract would earn approximately $326 per day.
On the other hand, a veteran player who has spent 8 years in the NBA would earn a higher salary on a 10-day contract. The minimum salary for a veteran with 8 years of experience is $137,336 for the full season. Dividing this amount by 174, we find that a veteran player on a 10-day contract would make around $789 per day.
The salary increases for veterans with more years of experience. For example, a player with 9 years of experience would earn a minimum of $138,019 for the full season, or approximately $793 per day on a 10-day contract. And for players with 10 or more years of experience, the minimum salary is $151,821 for the season, translating to approximately $872 per day on a 10-day contract.
It’s worth mentioning that these figures represent the minimum salaries for players on 10-day contracts. In some cases, teams may offer higher salaries to players based on their skills, reputation, or specific needs of the team. Additionally, players on 10-day contracts are not eligible for certain benefits and perks that come with full-season contracts, such as guaranteed contracts or health insurance.
The amount a player earns on a 10-day contract in the NBA depends on their experience and tenure in the league. While rookies earn the minimum salary, veterans with more years of experience receive higher pay. It’s important to consider that these figures represent the minimum salaries and that actual earnings can vary based on individual negotiations and team circumstances.