“Wait, how much money is that basketball jamoke getting?” is probably a question you’ve asked yourself over the past 24 hours, as all sorts of NBA players sign contracts for absurd amounts of money. DeMar DeRozan for $145 million. Dick-punching Nic Batum for $120 million. “Not good enough to get off the bench during the playoffs” MOZGOV for $64 million. How did we get to this crazy place?
Two years ago the NBA signed a new national TV deal that increased their annual haul from $930 million to $2.66 billion. That deal kicks in this season, and since the salary cap is set at a certain percentage of league revenue, it is shooting up drastically. At the time, it was predicted that the salary cap would grow to $88 million, but because of a few years of strong revenue in addition to the TV deal, next year’s salary cap will be $94 million. It was $70 million last season.