The National Basketball League famously called the NBA, is one of the biggest sporting leagues in the world. A total of 30 teams compete against each other for months, with equal distributions of matches among them. Out of the 30 teams, 16 qualify for the playoffs and fight for the NBA championship.
Every team consists of a minimum of 13 players, which includes young players, the best of the game, and veteran players. All of them are signed under a contract, and young players are signed under a rookie contract. So let’s know the NBA rookie contract explained in simple detail.
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NBA rookie contract explained
Rookie players are those who haven’t played a single game in the NBA. Such players who haven’t played a single game in the NBA are given a rookie contract regardless of their age. Yes, there is no age limit for a player to sign a rookie contract.
Players are selected through the NBA draft, and the first-round players are offered a four-year rookie contract. The amount of the rookie contract is fixed and under the $12 million mark. The first two players selected in the draft are paid the highest amount of money, and as the players are selected, the amount keeps getting lower but not below the $3 million mark.
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Later, once their rookie contract is about to expire, the team and players mutually sit down and decide about an extension contract. The team can also add one extra year to their four-year contract with a value based on their fourth-year contract value. Most of the time, teams offer extension contracts to their rookie players worth millions rather than adding an extra year.
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