Jun 27, 2012, 11:55 AM EST
There is a rookie salary scale in the NBA that makes first round-picks very affordable for owners for the first couple years at least, and really four or five for most players. It makes the truly elite players like a Derrick Rose or Blake Griffin a real steal for the first several years they are in the league.
And traditionally each year, the No. 1 overall pick made a little bit more than the guy before him.
Until this year.
Thanks again, new NBA salary structure. From Darren Heitner at Forbes:
The new collective bargaining agreement also stipulates that Davis will not get an increase in salary compared to last year’s number one overall pick, Kyrie Irving or the prior year’s first pick, John Wall.
Typically, first round picks receive a more favorable rookie contract than the players who were picked in the same slot as them the prior year. However, Irving’s (selected by the Cleveland Cavaliers with the team’s first overall pick in 2011) slot value in his first year of his rookie deal was $4,286,900, as was the first overall slot for the year before, where John Wall, who was taken by the Washington Wizards…
Anthony Davis will not only fail to receive an increase in his rookie year salary from what Irving and Wall garnered in their respective rookie years, he will also receive less money in years two and three of his rookie contract than Wall, who was selected in the same slot two years ago. While Wall’s third year slot is $4,929,900, Anthony Davis’ will be $257,200 lower (at $4,672,700).
We should note that players have a “slotted” salary and can sign a contract up to 120 percent of that slot — and you can bet Davis (and the other top picks) will get that extra 20 percent.
And yes, Davis is still going to make good money. More than a lot of NBA players, more than you and me. But in terms of the revenue he will generate for the Hornets (not alone production on the court) he will be a great value for the Hornets for the first few years.
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