Trade & FA 2024-25:

[BigDirk41]

Right, and the veteran minimum is what, 3.3 million?

Because the NBA doesn’t want teams to avoid signing veteran players in favor of cheaper, younger players, the league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum-salary contracts. Those deals will only count against the cap – and against a team’s bank balance – for $2,087,519, the minimum salary for a player with two years of experience.

For instance, Eric Gordon, who has 16 seasons of NBA experience, will reportedly sign a one-year, minimum-salary contract with the Sixers, who will only be charged $2,087,519 for Gordon’s contract. He’ll earn $3,303,771, but the NBA will make up the difference. This only applies to one-year contracts, not to multiyear deals.