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.
Estimates for 2015-16 Season. The NBAâs current estimate for the 2015-16 salary cap is roughly $67.4 million, up from the current $63.1 million. Based on Kyrie Irvingâs extension, the maximum salary for a player with zero to six years of experience starts at $15.9 million.he Bi-Annual Exception is $2.2 million, up to $4.5 million on a two-year deal. The Room Exception will be $2.9 million for one year or up to $5.9 million for two seasons. The salary for the top overall pick for the 2016-17 season is $4.9 million, but theyâll inevitably sign for $5.9 million his rookie year.