Minimum Salary Of An NBA Rookie In 2023
An NBA rookie minimum salary for 2023 is estimated at $953,000. A rookie draft can negotiate the contract based on the least payable price.
Spotrac estimated the minimum limit for 2023 based on the change in the draft amount for the past few years. An athlete is entitled to receive the least amount set by the NBA after being chosen by a team.
The amount received by the rookie players varies based on the following factors;
- Draft pick position and round
- Number of contract years
- Player's experience and reputation in college
- Factors such as popularity and global reach
Previously, in the NBA draft 2022, the lowest salary cap was set at $925,258, while the 57th draft pick Jabari Walker signed a three years contract worth $4.75 million with the Blazers. His rookie year salary was $1,017,781 which is higher than the lowest limit.
Similarly, the highest salary in the last draft was received by Paolo Banchero as the first pick in the first round of the draft. The Orlando Magic signed a 4-year $50.1 million contract with Banchero. His rookie year salary was $11,055,120, the highest possible amount after the negotiations.
While NBA is yet to reveal the salary limit for rookies of the NBA draft 2023, the amount from previous years provides a tentative estimate. Sources such as Spotrac and Realgm has updated a table of possible salary range for the first-round players in the draft.