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Kobe Bryant to receive more than $24 million from Lakers on Friday

Nov 1, 2013, 9:17 AM EDT

Los Angeles Clippers v Los Angeles Lakers Getty Images

The minutiae of NBA player contracts can give plenty of casual fans headaches, but they’re mostly fascinating to those of us covering the league, as well as to a certain portion of the more hardcore fans that exist.

We have a feeling that this particular detail of Kobe Bryant‘s contract will appeal to ancillary fans and NBA geeks alike.

Bryant is slated to make north of $30 million this season as the league’s highest paid player, a well-deserved honor for being in the final year of a max deal while playing in his 18th NBA season. But players are able to negotiate when those payments are made to a certain extent, and Bryant and the Lakers agreed to a scenario where he’ll receive a very large payment in a lump sum on November 1.

From Eric Pincus and Mike Bresnahan of the Los Angeles Times:

Negotiated as part of his contract, Bryant receives a balloon payment Nov. 1. On Friday, the All-Star guard will receive $24,363,044 from the Lakers.

Bryant’s salary for the entire season is $30,453,805 — the remaining $6.1 million will be paid out over the course of the season.

While there’s a limit to how much a player can receive in advance, Bryant is right at that 80% maximum.

How and when Bryant gets paid is a semi-juicy detail of his deal with the Lakers, but far more interesting to fans of the team is when he’ll be healthy enough to return to the court after suffering the torn Achilles injury that prematurely ended his season back in April.

There’s still no timetable for Bryant’s return, though most estimates expect for him to be back sometime in December. If nothing else, he’ll have an additional $24 million to keep himself occupied until he’s physically ready to come back.

  1. grapenutz08 - Nov 1, 2013 at 10:15 AM

    LOLakers. Terrible contact. 30 mill for half a season (at most)

  2. asimonetti88 - Nov 1, 2013 at 10:30 AM

    Only $24 million? That’s nothing, said no one ever.

    • antistratfordian - Nov 1, 2013 at 1:55 PM

      “…*ahem*…”

      – Floyd Mayweather

  3. MyTeamsAllStink - Nov 1, 2013 at 10:59 AM

    the Lakers just got ARoded.

    • Anoesis - Nov 1, 2013 at 2:55 PM

      Rodriguez: Suspended, not being paid, may never get final $114 million left on contract. Generally despised by most fans, including Yankee fans.

      Bryant: Injured, being paid, recovering from injury that has ended many athletes careers. Generally loved by Lakers fans, respected by most others. Well, except for a few obsessed haters.

      Tell me how these are similar in any way.

      • asimonetti88 - Nov 1, 2013 at 5:47 PM

        Actually, A-Rod is being paid… as of now. But if his suspension is held up he won’t!

      • spthegr8 - Nov 1, 2013 at 6:33 PM

        @Anoesis
        GREAT comment Bruh!!!

      • sommerday - Nov 1, 2013 at 8:25 PM

        @Anoesis has interesting perspectives.

  4. jdub01984 - Nov 1, 2013 at 11:09 AM

    They should of amnestied him 2 years ago, and then maybe they would have been able to afford a team that could compete.

    • wkl21 - Nov 1, 2013 at 11:33 AM

      they should’ve amnestied him instead of MWP had him sit out the year and resigned him next season. he still would’ve got his money and the Lakers would’ve saved about $30+M.

      • philaw123 - Nov 1, 2013 at 1:45 PM

        I don’t think they can do that. They wanted to keep Metta too but league rules prohibit a team from signing a player they amnestied.

      • Anoesis - Nov 1, 2013 at 3:19 PM

        wkl21-

        Why would the Lakers want Bryant to sit out a whole year? They make much more when he’s playing than what they have to pay him.

        Even amnestied Bryant would still have been paid. The only thing affected by amnestying a player is the cap hit.

        Your scenario would mean that Howard would still be gone (he wasn’t staying no matter what the Lakers did to appease him), Bryant would be on the sidelines the whole year, and there still wouldn’t have been any free agents worth pursuing to put around what was left. Gasol’s salary still doesn’t come off the books until next year, Nash’s the year after.

      • dadawg77 - Nov 1, 2013 at 3:38 PM

        They could resign him next season as his contract only has this year left. Rules prohibit movement until the amnestied contact ends.

      • asimonetti88 - Nov 1, 2013 at 5:49 PM

        Yes, because Kobe would totally want to resign with the Lakers if they cut him.

    • Anoesis - Nov 1, 2013 at 3:13 PM

      One reason Howard left is because the Lakers wouldn’t give in to his demand to amnesty Bryant. The Lakers would have been way over the cap if they had signed Howard, but they’ve done that before in pursuit of titles.

      Bryant was a favorite of Dr. Buss and it would appear his son is continuing that preference. Remember, O’Neal was traded in order to keep Bryant from leaving. Why Howard, who hadn’t done jack in his short stint on the team, thought he would get what O’Neal didn’t is pretty odd.

      My take is that Howard had no intention of staying with the Lakers and simply made sure he laid the groundwork for his departure by making demands he knew management wouldn’t be able to deliver. Jackson as coach was one, amnestying Bryant another.

      The bottom line is that Bryant has made the Buss family a ton of money and they’ve rewarded that production with a fat salary and preferential treatment. It isn’t as though Bryant hasn’t earned both.

  5. livingsacrifice86 - Nov 1, 2013 at 11:23 AM

    Could you imagine getting a check for $24 mil….wow

  6. romoscollarbone - Nov 1, 2013 at 11:42 AM

    It’s probably just a bank transfer, which may be cooler than a check. at 8:59 you have 200 million and than at 9:00 you hit refresh on your PC and bam, 24 more million.

    Let’s be serious though, Kobe did not wake up today and say, ahhh 24 mill. He rolled over way too intensely, looked at Vanessa grumbled some crap under his breath about her looking fat and went to work out.

    • adamsjohn714 - Nov 1, 2013 at 12:34 PM

      Idk man. I never even cashed my first check for $24 million. I framed it and it’s hanging on my wall to this day. Probably should have cashed it, though. Oh well, hindsight’s 20/20. Either way, the point is checks can be pretty cool.

  7. bizmarks12 - Nov 1, 2013 at 12:40 PM

    Wish Kobe would give me the extra $44 so that I can pay my cable bill this month. The bastards shorted my paycheck.

  8. harshedmellow - Nov 1, 2013 at 1:07 PM

    24m here, 24m there….. pretty soon you are getting into some real money.

  9. chiadam - Nov 1, 2013 at 1:24 PM

    I’m going to find somewhere quiet to cry.

  10. hawkslakers85 - Nov 1, 2013 at 1:30 PM

    The best sick pay EVER!!!

  11. heat256 - Nov 1, 2013 at 1:34 PM

    Are they saying we should take up a collection for Kobe?

  12. antistratfordian - Nov 1, 2013 at 1:51 PM

    $10 million of that is going to Uncle Sam.

    • Anoesis - Nov 1, 2013 at 3:01 PM

      Bryant will actually receive about $10.9 million of that $24 million due to state, federal, and Medicare taxes. I know what hard work it must be to always find the negative in every story about the Lakers, so thanks for insuring your string remains unbroken.

      • antistratfordian - Nov 1, 2013 at 3:04 PM

        There’s nothing “negative” about what I said. I think the amount of money that’s going to be taken from him is startling, and thought others might too.

        Why do you take it so personally? You don’t want people to think that Kobe pays taxes?

      • Anoesis - Nov 1, 2013 at 3:31 PM

        “You don’t want people to think that Kobe pays taxes?”
        I just listed the taxes Bryant will be paying, so that makes no sense.

        I disagree that a 39.6% tax rate on a multimillionaire is “startling.” In the 1963 the rate was 91%. In 1988 it was 28%. The ’63 rate was “startling,” the ’88 rate was borderline criminal.

        Every comment here is about Bryant’s salary. How much, how he’s getting it, and one guy even joked about getting the chump change to pay his cable bill. Except yours, which focuses on listing what is taken away. That’s a negative, just like everything you post about Bryant.

        Personally? Why would I take it personally? I don’t even know you. I’m simply pointing out that you find a way to deny, denigrate, and/or dump on anything written about Bryant or the Lakers. It seems to me that it is you who takes the Lakers and their players way too personally, to the point of making sure everyone knows you despise them. That ain’t healthy pal, no matter how much pleasure you seem to derive from it. Plus it just makes you look like a jerk.

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