Last Updated on July 22, 2011 5:37 pm by admin
NEW YORK (AP) – Basketball-related income and total player compensation each increased by 4.8 percent in the NBA this past season.
The league said Friday that, with the union, it had completed the 2010-11 season audit. Players are currently locked out after the two sides failed to agree on a new collective bargaining agreement. One of the issues is what percentage of basketball-related income players should be guaranteed.
Basketball-related income increased from $3.643 billion in 2009-10 to $3.817 billion. Total player compensation increased from $2.076 billion to $2.176 billion.
The average player salary this past season was $5.15 million. Over the six years of the expired CBA, the average salary increased by 16 percent.