What is the minimum salary in the NBA?

The minimum pay for players in the NBA for the 2023–24 season varies according to their level of experience the minimum pay for a player with no years of experience is $1,119,563 with every extra year of experience, this amount rises reaching $1,801,769 for a player with a year of experience, and so forth the minimum pay for veterans with over ten years of experience is $3,196,448.

Its interesting to note that teams are encouraged to sign senior players by NBA policy the league will pay a portion of the fee if a team signs a veteran with more than two years of experience for example, if a team signs an 11 year veteran, the player will make $3,196,448 the teams portion of that amount will be $2,019,706, with the league covering the remaining portion experienced players gain from this arrangement, which also aids teams in managing their salary cap.

The NBA is attempting to balance roster building by allowing teams to add a mix of new and experienced players to their rosters through these salary structures. In particular, minimum contracts help teams manage their budgets under the salary cap system of the league.