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.
Thanks to a new National TV deal set to start in 2016-17, the projected NBA Salary Cap and maximum player salaries are set to skyrocket over the next few seasons.016-17 29.3m. 2017-18 35.6m. With such huge jumps in the projected maximum salary, it should be no wonder that elite players have been demanding player options lately so they can lock in at the new higher numbers as they become available and good players with upside have been receiving generous offers.