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.
Minimum player salary in Major League Baseball from 2003 to 2016 (in 1,000 U.S. dollars) About This Statistic. This statistic depicts the minimum player salary in Major League Baseball from 2003 to 2019. The 2017 MLB minimum player salary is set at 535 thousand U.S. dollars.