NBA 2020-21 season to have an $898,310 minimum salary for unchanged $109m salary cap

Courtesy of the losses incurred due to the coronavirus pandemic, the NBA will start the 2020-21 season with limited cap space. While many teams will have less cap space, some like the Atlanta Hawks and New York Knicks are projected to benefit from this cap. This also includes NBA luxury tax, which will reportedly be reduced as per decreases in the Basketball Related Income (BRI). 

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NBA 2020-21: What is the NBA minimum salary for the new season?

Recently, Hoops Rumours calculated a probable minimum salary for players for the 2020-21 season.

Teams with cap space can opt for longer contracts, while teams exceeding the cap can sign players with the minimum salary exception for up to two years. As veterans, undrafted players and second draft players end up with a minimum salary, teams can add multiple players to their roster. Per the NBA's rules, an athlete's years of experience in the league determines his salary. 

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As per reports, the league often reimburses teams who finalize a deal with any veteran player to a one-year minimum salary contract. Hoops Rumours add that the contract will count "against" the cap for the amount of the players' minimum salary ($1,620,564 for two years). 

This means that if a team signs a veteran for even $2,564,753, the NBA will make up the difference. The team will only have to pay $1,620,564. However, this is only valid for one-year contracts and not multi-year deals. If the season has already begun, the player will receive a "pro-rated portion" of the minimum salary they are eligible for. Players who already are a part of multi-year deals will be earning a different amount than the one already calculated. 

Also read | NBA to start free agency "as soon as possible" before December 1 training camp

(Image credits: AP)