The NBA also has a salary floor, a minimum amount a team needs to spend. Houston was $50 million under the salary floor, so they overpaid Fred to cover most of the floor.
The salary floor? It’s to ensure the players make 50% of the NBA revenue. Without the floor it’s hard to guarantee enough money is going to the players overall.
The NBA also has a salary floor, a minimum amount a team needs to spend. Houston was $50 million under the salary floor, so they overpaid Fred to cover most of the floor.
That’s is just bonkers.
The salary floor? It’s to ensure the players make 50% of the NBA revenue. Without the floor it’s hard to guarantee enough money is going to the players overall.