NBA Players- how much do they take home after taxes?

[charknicks]

I know that this is discussed all the time as to seeing how much does LeBron or Curry bring home from these big contracts that we see reported. After all the taxes/ fees, they are still pretty rich, but not as rich as most people may think. Great article from ESPN breaks down the Top 10 players.

For the previous four seasons, Stephen Curry was paid a total of $44 million. Thanks to a five-year, $202 million extension, Curry will now average $40.2 million per season. Curry's salary of $34.8 million this season tops the previous high of $33.1 million by Michael Jordan in 1998. If you adjust for inflation, however, that top MJ salary is $50 million in today's dollars.

LeBron James grosses $33.2 million this season. He can re-sign with the Cavaliers for about $207 million for the next five years next summer. Or he can max out with another team in a four-year deal that will pay him about $54 million less. James signed a lifetime deal with Nike that will add another $1 billion to his fortune. He has been strategic in his business investments, cashing out recently in Beats By Dre when the deal with Apple went down ($30 million), and his equity in Blaze Pizza is at $35 million from a less than $1 million investment.

The rest of the Top 10 are in the article

When $35M is really $15M: How much NBA stars actually earn

 

[MikelArteta]

I'd fire my agent
3 percent when I know I'm a max player anyways

 

[MikelArteta]

Imagine being a rookie nfler making min wage

 

[Rekkapryde]

Yup. Dem nikkaz take home less than half. And Cali nikkaz get hit the hardest with those state/local taxes.

nikkaz in TX, FL, Tennessee and other states with no state tax helps.

 

[Rekkapryde]

I'd fire my agent
3 percent when I know I'm a max player anyways

don't fire them, just have them get a lesser amount of my nba contract since it's a no brainer.

They are there for the other money to secure (endorsements).

 

[Standing on business]

I didn't know Lebrons equity in blaze was 35 million

 

[4-Rin]

The taxes they pay in one year is greater than our lifetime gross earnings

 

[concise]

Are they going to do a list like this for the highest paid starting QBs in the NFL soon?

 

[nomoreneveragain]

NBA players 401k must be crazy by the time they hit 60

 

[4-Rin]

NBA players 401k must be crazy by the time they hit 60

The max they can contribute is the same as the rest of us so it will look exactly how yours or mine would look if we maxed it out every year.

 

[Goat poster]

And this is all before you add in living expenses and family members that feel entitled to be taken care of.

This is why athletes go broke so easy even when we see these big contract numbers.

 

[Barbados Slim]

Yup. Dem nikkaz take home less than half. And Cali nikkaz get hit the hardest with those state/local taxes.

nikkaz in TX, FL, Tennessee and other states with no state tax helps.

Why you think the Beard re-upped. He ain't leaving H-Town ever....!

 

[Doobie Doo]

Then Mark Cuban's beech ass is still like "Take a cut for the team, nikka."

 

[jay211]

Be wary about those numbers. There are LOTS and I mean LOTS of tax loopholes for guys making the money NBA players are. I guarantee most lose less then half if they have A-1 accountants.

 

[Shorty K]

Are they going to do a list like this for the highest paid starting QBs in the NFL soon?

If Cam Newton gets another MVP we definitely gonna know everything about what's really in their pockets