The Most Expensive NBA Contracts of All Time!
It pays to be a sportsman!
Before 2011, the NBA functioned on the Collective Bargaining Agreement, which meant that the team owners and the NBA Players Association would bargain together to determine things like contracts, trades, and salary caps. However, when this bargaining agreement expired in 2011, the owners and players association were unable to come to a new agreement in time for the 2011-2012 season. For the first time, the NBA experienced a total lockout!
Without games going on, the NBA was losing a lot of revenue. The two parties scrambled to work something out and, after no less than 161 days, the games started again on December 25, 2011. There were some changes with the new agreement, though. No longer would the players receive in the insanely massive contracts they were used to getting. Players now only get about 49-50% of total NBA revenue, as opposed to the 57% they earned before.
Though many NBA players no longer have contracts this big, that’s not to say that they aren’t making any money! Many basketball players still enjoy insanely lucrative contracts. Take a look at the top ten most expensive NBA contracts in history!
1. $109,837,500: Chris Bosh (Miami Heat)
From 2010 to 2016, Chris Bosh made more than 100 million dollars! It paid off though, as Bosh won two consecutive championships for Miami! His average was 24 points per game and 10.8 rebounds. That’s talent!
2. $109,837,500: Lebron James (Miami Heat)
Lebron James’ contract was also from 2010 to 2016 with Miami’s star basketball team. When he signed, Lebron told the world, “I am taking my talents to South Beach,” and that he did! He is considered to be one of the best players of all-time, averaging 26 points, 6.5 assists, and 6.9 rebounds per game.
3. $111 million: Gilbert Arenas (Washington Wizards)
Gilbert’s contract, from 2008 to 2013, was stellar as he was a basketball newbie at the time he signed, having played only 13 games before. Unfortunately, the risk didn’t pay off. Arenas got injured and was unable to play, never leading Washington to the victories they wanted. Arenas is currently shooting hoops in China!
4. $120 million: Shaquille O’Neal (LA Lakers)
At the time, Shaq’s contract, from 1996-2003, was the most expensive ever, but not anymore! Considered to be one of the best players ever, Shaq’s time with L.A. led to three consecutive championships! Throughout Shaq’s time with the Lakers, his per-game average never went below 21 points and 10 rebounds.
5. $122,007,704: Tim Duncan (San Antonio Spurs)
Duncan almost didn’t sign this contract, as he was seriously considering playing for Orlando at the time (he would have been on a team with Grant Hill and Tracy McGrady)! So, the Spurs upped his contract and Duncan simply couldn’t refuse! He did well, leading the team to championships in 2005 and 2007.
6. $122,718,750: Chris Webber (Sacramento Kings)
Webber has never won a championship game, but he’s still undoubtedly one of the best players out there. He got his contract by giving a dazzling performance against the Dream Team in front of NBA scouts. Unfortunately, he got injured and was unable to finish his 6 years with the Kings.
7. $126 million: Rashard Lewis (Orlando Magics)
Unfortunately, after signing with Orlando in 2007, Lewis’ gameplay steadily decreased, leading to an expulsion of his contract in 2012.
8. $126 million: Kevin Garnett (Minnesota Timberwolves)
Garnett played well during his time with Minnesota, even winning MVP in 2004, but didn’t win a championship until he switched teams to Boston. Unfortunately, his team couldn’t level with him, leading to several missed opportunities. Once switching to Boston, though, this wasn’t an issue!
9. $126,558,000: Jermaine O’Neal (Indiana Pacers)
When Jermaine played, he did an exquisite job. Jermaine had his highest per-game averages during his time with the Pacers! Unfortunately, he was also prone to many injuries and is now often out of the NBA line-up.
10. $136,400,000: Kobe Bryant (LA Lakers)
One of the most popular players around, Bryant has had an extremely successful career, and won two championships for his team in 2009 and 2010. He even won MVP in 2008! Bryant has won 5 championships as of today, and has his eye on a 6th. All that money was definitely worth it!
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