136021000 Salary Cap History Largest Guarantee
League-Wide Salary Cap History
The NBA salary cap is the maximum amount of money that a team can spend on player salaries in a given season. The cap is determined by a complex formula that takes into account several factors, including league revenue and the average player salary. The salary cap has been in place since the 1984-85 season, and it has steadily increased over the years. In the 2022-23 season, the salary cap is set at $123.6 million.
Largest Guaranteed Contracts in NBA History
The largest guaranteed contract in NBA history belongs to Karl-Anthony Towns, who signed a five-year, $190 million contract with the Minnesota Timberwolves in 2018. Other players with large guaranteed contracts include Giannis Antetokounmpo (five years, $228 million), Stephen Curry (five years, $201 million), and LeBron James (four years, $153 million).
Guaranteed contracts give players peace of mind knowing that they will be paid even if they get injured or are unable to play. However, guaranteed contracts can also be a burden on teams, especially if the player does not live up to expectations.
Comments