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.
Average Salary for NBA players in 2017 â $5 million. As of the 2016-2017 NBA season, the average salary for NBA players across all levels is $5,012,892. There are under 600 players in the NBA team ecosystem at one time, including the NBA active rosters, inactive and injured lists, and the NBA Development League.