Fox Sports’ Rich Eisen reports that the NBA players are set to receive $1.8 billion from the NBAPA this year, the biggest contract ever handed out by the league.
The collective bargaining agreement (CBA) that was negotiated between the NBA and the players’ union expires in 2022, so the current record is set to be broken when the new CBA takes effect in 2023.
The new collective bargaining deal will be one of the largest in league history.
The current record of $1,837,934 for the 2012-13 season was set by the $1bn signing of Kevin Durant and the $7.5bn signing to a contract with the Cleveland Cavaliers in 2015.
The NBA is expected to increase the salary cap to $75 million per team by the end of this season.
This will bring the cap to a staggering $150 million per season by 2022.
However, the new deal will allow players to earn more than $100m per season, which could put them on the pace to surpass the previous record of nearly $1 million per year set in 2006.
The maximum salary for the first-time NBA player is $1m per year, but there are restrictions on how much the player can earn from endorsements and other forms of income.
The top-earning players, LeBron James, Kevin Durant, Chris Paul, Pau Gasol and Blake Griffin, will all receive $5m per game, and the top five players, Paul Pierce, Blake Griffin and Russell Westbrook, will receive $6m per day.
The next highest earning players will each earn $5.5m, which is a drop of more than 30 per cent from the $5million a day they were earning last season.
The salaries of players who are not on the roster but are still paid will not be affected by the new agreement.
This means the next generation of stars such as Dwyane Wade, Kevin Love and James Harden will still have to work harder to make the top of the league’s list of highest paid players.
But that doesn’t mean there won’t be players who earn a fortune.
Kobe Bryant will be the highest-paid player in the history of the NBA, earning $3.5 million per game.
But the other top players are still earning between $800,000 and $1million a game, meaning the next-highest paid players will still only be earning $900,000 a year.
In 2020, the most recent year for which figures are available, the average NBA player made $7m per team.
The salary cap has been set to reach $75m in 2021 and then increase to $80m in 2022.
The CBA has increased the salary floor for the 2021-22 season from $50,000 to $60,000, and then to $65,000 in 2022-23.
But this doesn’t include player-to-player deals that allow teams to pay players less if they make less money.
The players’ association also announced that it will offer $1 per $1 of merchandise sold on its website and other outlets.
That will put the price of the latest NBA jerseys in the $90 range.
According to Fox Sports, the players will receive the biggest guaranteed contracts of any team this year.
All of the new contracts will start in 2021-18.
If the new players are successful, the first wave of the deal will likely go into effect in 2022 and the second wave will begin in 2024.
But there is a caveat for the players: The contracts must be approved by the owners and they cannot be retroactive.
This rule is aimed at keeping the salary caps down, but also to ensure that teams can compete financially in a lower-stakes league like the NBA.
The first wave is expected in 2021.
The second wave is set for 2022.
This article first appeared on FoxSports.com