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.
Note: Dikembe Mutombo, between the Nets (buyout) and Rockets, makes around $18.8 million. -------------------------. Basic information on NBA salaries. JULY 8, 2015 -- The National Basketball Association today announced that the Salary Cap has increased by 11% to an all-time high of $70 million for the 2015-16 season.The tax level for the 2015-16 season increased by 10.3% to $84.740 million.he non-taxpayer mid-level for this season is $5.464 million, the taxpayer mid-level is $3.376 million and the mid-level for a team with room under the Salary Cap is $2.814 million. ---------------. Related NBA Salary Links: - 2014-2015 NBA salary cap info. - Details about player contract total values and length here.