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.
Oct 2, 2014, 8:30 AM EDT
After 10 years in the league, how much change do we really expect?
Oct 2, 2014, 8:00 AM EDT
Gasol chose the polar vortex over the beach.
Oct 2, 2014, 12:25 AM EDT
Stephen Curry, Klay Thompson, Andre Iguodala, David Lee and Andrew Bogut dominated last season and return for more
Oct 1, 2014, 11:15 PM EDT
Kobe takes championship-or-bust mentality
Oct 1, 2014, 10:20 PM EDT
George wants to re-join the Pacers for the playoffs
Oct 1, 2014, 9:25 PM EDT
Thunder forward says he doesn’t (unless he’s joking like Kevin Martin)
Oct 1, 2014, 8:30 PM EDT
Get fouled on a missed 2-pointer – one free throw worth two points
Get fouled on a missed 3-pointer – one free throw worth three points
Oct 1, 2014, 7:35 PM EDT
OK, what did I get wrong?
Oct 1, 2014, 6:40 PM EDT
Two young players trying to prove to new coaches they deserved minutes. This is a real setback for both.
Oct 1, 2014, 5:50 PM EDT
The show is on Disney XD. I suppose there are worse things your child could watch.
Man sues Madison Square Garden saying he was ejected from Knicks game for saying “Carmelo, you stink”
Oct 1, 2014, 5:01 PM EDT
A Madison Square Garden spokesman called the lawsuit “frivolous.”
Oct 1, 2014, 4:20 PM EDT
Dirk loves him some Hoff.
Oct 1, 2014, 3:40 PM EDT
Thing is, Rodman fit the triangle and what Jackson wants to do with a team. Smith…. not so much.
Oct 1, 2014, 3:01 PM EDT
Monroe had a busy offseason in terms of appearances in the NBA’s news cycle.
Oct 1, 2014, 2:21 PM EDT
LeBron is taking on a leadership role early in his second stint in Cleveland.
Oct 1, 2014, 1:41 PM EDT
Broken hand is supposed to sideline Rondo for 6-8 weeks.
Oct 1, 2014, 1:00 PM EDT
I list my personal picks for top five backcourts.
Oct 1, 2014, 12:21 PM EDT
Second round pick foregoing additional guaranteed dollars in order to bet on himself.
Oct 1, 2014, 11:39 AM EDT
Reminder not to believe everything you read, especially if it’s attributed to ‘a source.’
Oct 1, 2014, 11:00 AM EDT
Cousins was tied for the league lead with 16 last season.
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