What is 'Liability' A liability is a company's financial debt or obligations that arise during the course of its business operations. Liabilities are settled over time through the transfer of economic benefits including money, goods or services.
The Minimum Annual Salary for an NBA player varies from year to year and depends on how long they have been playing in the NBA. The minimum for a 10 year veteran is far different from the minimum salary for a rookie. The minimum rookie salary in the 2010 - 2011 season is set at $473,604 USD.
NEW YORK â The NBA's TV will inject so much money into the salary cap that a $90 million cap for the 2016-17 season was realistic. What few saw coming: a $108 million salary cap with a luxury tax threshold of.