Is Lebron James a billionaire?
James has earned more than $1 billion during his 18-year career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but that doesn’t make him a billionaire. After accounting for taxes, spending and investment returns, Forbes estimates James’ net worth to be about $850 million.
Who has a supermax contract?
With 2019 awards trickling out, we already know of three players who are now eligible for the so-called supermax: Giannis Antetokounmpo, Damian Lillard and Kemba Walker. All three made All-NBA teams this season. Lillard and Walker have both been around long enough to sign this summer.
How much is NBA Supermax?
The largest salaried contract in the NBA is the ‘supermax’ deal, officially known as the “Designated Veteran Player Exception”, which allows teams that drafted a player (or traded for his rookie deal) to re-sign him for a whopping 35% of the team’s salary cap, with an 8% escalation in each subsequent year.