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.
NBA Cap Salary is Projected to hit 108 Million Dollars. Projections that were sent to the NBA teams, suggested that the leagueâs salary cap is expected with an expansion to 108 million dollars for the season 2017-18.The following rise is a hike of 22 million dollars from 67.1 Million dollars to 89 Million dollars between 2015-16 and 2016-17 salary caps.rojections that were sent to the NBA teams, suggested that the leagueâs salary cap is expected with an expansion to 108 million dollars for the season 2017-18.