The league adopted the name National Basketball Association in 1949 after combining with the rival National Basketball League.
The sport was founded by a man in New York City with the name James Naismith. The average salary pay today is $5.5 million dollars in the average pay from the 1980’s is $375,000 dollars at the most. It’s no surprise that salaries in professional sports keep rising. But seeing how much players made just 25 years ago shows how much salaries have increased today. …show more content…
For comparison, the 15 highest-paid players in the NBA this season will make an average salary of $20.3 million.
When NBA started in June 6, 1946 and the highest salary ranged from $12,000-15,600 per season played.
The average player salary increased from $35,000 in 1970 to $180,000 in just ten later and franchise values went up more than 600% in the same period. The major cause of the skyrocketing salaries was the competition between the NBA and the ABA for star players.
Who is the highest paid player in the NBA? The small markets haven't slowed LeBron James and Kevin Durant from becoming global superstars and the top-earning players in the NBA.James, 30, leads the way with total earnings of $64.6 million from salary and endorsements this season. The person who makes the most amount of money in the NBA is Kobe Bryant with $25 million dollars his retirement date was November 29,