First, and probably most important, since 1995 the NBA has had a system set in place for first-round picks to receive four-year contracts, the first two years of which are guaranteed. The salaries are set on a sliding scale. The higher the pick, the higher the salary. For example, in this year’s draft the No. 1 pick will be slotted to earn $6,746,400 in his rookie year and $7,901,100 in his second year. The last pick of the first round will earn $1,338,900 and $1,568,000, respectively, in his first two years. Conversely, contracts are fully negotiable for second-round draft picks. The players are only entitled to the required tender offer, which is a non-guaranteed minimum contract, in which case salaries are paid on a pro-rata basis. That means a player drafted in the second round can be cut by a team at any time and without being paid any additional money. I hope that the risk of this scenario is obvious.
First, and probably most important, since 1995 the NBA …
August 11, 2022 | 3:12 pm EDT Update
Bill Russell's No. 6 jersey will be retired across the league
The National Basketball Association (NBA) and National Basketball Players Association (NBPA) announced today that they will honor the life and legacy of 11-time NBA champion and civil rights pioneer Bill Russell by permanently retiring his uniform number, 6, throughout the league. The iconic Naismith Memorial Basketball Hall of Famer will be the first player to have his number retired across the NBA.
“Bill Russell’s unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way,” said NBA Commissioner Adam Silver. “Permanently retiring his No. 6 across every NBA team ensures that Bill’s transcendent career will always be recognized.”
In addition to retiring Russell’s number, the NBA will pay tribute to the Boston Celtics’ legend throughout the 2022-23 season. All NBA players will wear a commemorative patch on the right shoulder of their jerseys, and every NBA court will display a clover-shaped logo with the No. 6 on the sideline near the scorer’s table. The Celtics, for whom Russell played his entire career and coached, will have a separate and unique recognition for him on their uniforms, to be announced soon. Russell’s jersey number, which he wore for his entire 13-season career from 1956-69, will not be issued again by any NBA team to any player. Players who currently wear No. 6 will be grandfathered.
BasketNews: Milwaukee Bucks coach Mike Budenholzer is at WizInk center for Spain v Greece alongside Giannis Antetokounmpo 👀 🎥 @SamiHasaballa
A group of Voyager Digital customers claimed in a lawsuit filed Wednesday that billionaire Dallas Mavericks owner Mark Cuban helped lure customers to the company, contributing to investor losses of $5 billion.
The class action lawsuit, filed in Florida federal court, alleges Cuban heavily promoted the cryptocurrency platform in a way that misled unsophisticated investors. The lawsuit also named Voyager CEO Stephen Ehrlich and the NBA’s Dallas Mavericks as defendants.
August 11, 2022 | 2:41 pm EDT Update
Jonas Valanciunas, Domantas Sabonis lead Lithuania in comfortable win
Following convincing yesterday’s win against Finland, Lithuania repeated the trend in tonight’s game as well. NBA duo of Jonas Valanciunas and Domantas Sabonis dominated under the baskets and guided Lithuania to another comfortable 87-52 (29-9, 22-15, 16-8, 20-20) win over Finland in Vilnius.
