Study Finds the Typical NBA Player Spends $42,500 per Month (2024)

FAQs

How much does the average NBA player spend? ›

It's no secret that some professional athletes choose to live extravagant lifestyles, featuring fancy mansions, luxurious cars and more.

The average career length of an NBA player is 4.5 years. Only 5% of NBA players last more than 14 seasons in the league. Nearly 60% of NBA players have careers that span two seasons or less. Players on guaranteed contracts average a length of 4.8 years.

In fact, NBA has several restrictions regarding the players salaries. The minimum salary that a player can afford is around $800K per year (this value has to do with the number of the years that the player plays in the league). Nowadays, the average salary of a player is around $7M per year.

The cost of playing in the NBA varies depending on the player's contract. The average NBA player salary is $7.4 million per year, but the highest-paid players can earn over $40 million per year. The minimum NBA salary is $1 million per year.

Mouhamed Gyueye is currently the lowest-paid NBA player in the NBA this term. The Senegalese player was the 39th pick in the 2023 draft.

The oldest player ever to play in the NBA was Nat Hickey who played one game in the 1947–48 season when he was 45 years and 363 days old. Hickey, who was coaching the Providence Steamrollers at the time, decided to activate himself and played in a game for the Steamrollers.

Vince Carter holds the record for the longest NBA career, having played 22 seasons in the league. His career spanned from 1998 to 2020, making him the only player in NBA history to have achieved this milestone.

Vince Carter, the most seasons of them all

The person who has had the longest career in the NBA is Vince Carter, who played for 22 seasons.

Currently the NBA's highest-paid active player, LeBron James reached billionaire status in 2022, according to Forbes. And he's certainly not waiting for retirement to expand his empire.

Who is highest-paid NBA player? ›

Stephen Curry became the first player to eclipse $40 million per year when he signed a record 5-year contract worth $201 million in 2017, starting with $34,682,550 in the 2017-18 season and ending with the largest earnings in the 2021-22 season with a record payout of $45,780,966, If his contract continues Curry is ...

Howard then re-signed with the Bullets on August 5. He became the first player in NBA history to sign a contract worth more than $100 million; his seven-year contract was worth $105 million (equivalent to $204,000,000 in 2023).

In 2021, Steph Curry signed a four-year contract extension with the Warriors worth a whopping $215.4 million. He reportedly made $48 million of that during the 2022-23 season, which will steadily increase yearly and culminate in a $59.6 million salary for the 2025-26 season.

1. Steph Curry - Golden State Warriors.

Curry has a net worth of $160 million, according to Celebrity Net Worth. 4 But he makes millions off the court, too—the NBA champion is a savvy investor and entrepreneur with many lucrative businesses and partnerships to his name.

The average Fan Cost Index of the National Basketball Association saw a significant increase from the 2010/11 season to the 2021/22 season. In the latest NBA season, the average price for a family of four to enjoy an NBA game stood at over 444 U.S. dollars.

The 30 teams salary spending totaled US$ 3.9 billion in 2022, up from US$ 3.2 billion in 2021, +21%.

The NBA doles out checks on the first and 15th of each month, just like many other businesses.