Nov 1, 2013, 9:17 AM EDT
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.
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.
Aug 27, 2014, 12:25 AM EDT
The point guards made this blowout more fun to watch.
Aug 26, 2014, 11:30 PM EDT
I don’t see what could possibly go wrong here.
Aug 26, 2014, 10:30 PM EDT
Milwaukee’s trade with Clippers cleared a roster spot
Aug 26, 2014, 9:30 PM EDT
Aug 26, 2014, 8:35 PM EDT
Former Cavaliers center, 39, has been retired three years
Aug 26, 2014, 7:40 PM EDT
Glen Taylor also questions whether Cleveland should offer Love five-year contract
Aug 26, 2014, 6:45 PM EDT
Murry receives $250,000 guarantee
Aug 26, 2014, 5:55 PM EDT
Derrick Rose struggles off the bench against Slovenia
Aug 26, 2014, 5:23 PM EDT
Oklahoma City will create trade exception, and Philadelphia will waive Thabeet
Aug 26, 2014, 4:55 PM EDT
Kevin Love: ‘My decision’ swayed by LeBron James calling just after choosing Cavaliers in free agency
Aug 26, 2014, 4:20 PM EDT
Number of camera positions behind baseline to be halved
Aug 26, 2014, 3:27 PM EDT
Clippers limit their present and future, and the Bucks gain an easy asset
Aug 26, 2014, 2:28 PM EDT
Cleveland not offering assets as of yet, so Denver’s not biting.
Aug 26, 2014, 1:51 PM EDT
Career three-pointers made is the only category where this statement begins to make any sense.
Aug 26, 2014, 1:09 PM EDT
Spurs, Bulls, Thunder next on the list.
Aug 26, 2014, 12:27 PM EDT
Brother of the Bucks’ Giannis turned down a more lucrative offer to play overseas.
Aug 26, 2014, 11:45 AM EDT
Well, she looks better shooting free throws than he does anyway.
Aug 26, 2014, 11:14 AM EDT
Turner wants to keep its NBA rights, and with negotiations looming, the company has planned layoffs in order to have the necessary cash on hand.
Aug 26, 2014, 10:31 AM EDT
Utah also adds Dee Bost, Jack Cooley and Brock Motum
Aug 26, 2014, 9:50 AM EDT
The octopus wanted to opt out of Minnesota, too, but has fewer free agent options.
- Timberwolves owner: Kevin Love might regret trade because he’ll be third banana with Cavaliers 31
- Anthony Davis and Kenneth Faried lead Team USA in final World Cup tune-up 14
- Thunder trade Hasheem Thabeet to 76ers 27
- From late-arriving to a LeBron James favorite, Kevin Love comes full circle 14
- Clippers trade Jared Dudley and first rounder to Bucks for Carlos Delfino and Miroslav Raduljica 15
- Report: Cavaliers trying to trade for Nuggets’ Timofey Mozgov 23
- Cavaliers, with LeBron James and Kevin Love, favored by oddsmakers to win 2015 NBA title 29
- Scout says Carmelo Anthony can be good triangle fit — if he moves the ball 20