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.
Team: Cleveland Cavaliers. Salary: $816,482 Such as most of the NBA players with minimum salary, Felix started playing in the D-League for the Canton Charge. It is a part of the assignment many NBA teams give their players in order to improve and show what they deserve to be in the team.