I really don't want to win the MVP

Chapter 127 About Wages
Sitting on Erwan's bumpy broken car, Jiang Mu still asked Zhou Guolong about NBA salary.

As an agent, Zhou Guolong is now very professional, at least he has a good grasp of the knowledge about NBA agents.

"According to the relevant regulations of the NBA, the dates for the league to pay salaries are the 1st and 15th of each month, starting from November 11th each year. Players who sign a contract under the latest labor agreement, by default, receive 15 copies a year. Salary, if the player’s salary exceeds the minimum salary of the league, he can negotiate with the team to receive the entire year’s salary in 24 installments in 6 months, or in 12 installments in 18 months.”

"In the previous labor agreement, the default payment time was 6 times in 12 months to receive the whole year's salary, because the players need to receive all the salary before the end of the season. After all, there is no income during the offseason."

"In the summer of 2014, the players union headed by Chris Paul made a suggestion to the players to ask everyone to negotiate with the team as much as possible to receive salary in 2016 months in the 2017-18 season, because in the summer of 2017, both parties have the right to jump out. There is a renegotiation of the collective bargaining agreement. Once the negotiation fails and the league is forced to suspend, the players who still receive their salaries every month will be in a favorable position, at least they will not easily succumb to the oppression of the management, but this has not been passed!"

"However, not everyone can get the full 24/2500th of the annual salary every time, because there is a fine for absent training ($110 for the first time, accumulating successively), and a fine for technical (malicious) fouls. If you are expelled from the game, you will be fined, if you are sent down to refuse to go to the Development League, you will be fined, and even more seriously, you will be banned. For every game (including preseason, regular season and playoffs), any player will be deducted 1 points from the total annual salary of the year. [-]. The "income" from these fines and suspensions will be used for charitable activities through the league and the players union."

"In addition to regular season salary collection methods, there are many ways for NBA players to receive salary. For example, on November 2013, 11, Kobe Bryant, who did not play a game, took $1 from the Lakers account. 1 percent of the salary of $2436 in the last year of a contract is the maximum percentage that players can receive their salary in advance according to NBA regulations."

"Kobe is not a special case of receiving salary in advance. Anthony and JR-Smith also received it as Anthony said just now. According to NBA regulations, advance salary will not affect the team's total salary space, and the remaining salary of players It will be distributed in installments through regular channels."

Hearing this, Jiang Mu couldn't help being amazed. If the CBA has such a complete salary system, I don't know how many relationships and structures will be involved.

But what Zhou Guolong said next was even more surprising.

"You can even borrow money from the team. The difference between borrowing and receiving in advance is that the player can get the guaranteed part of the remaining salary of the current season. The money will be deducted from the salary of the remaining season in the contract. Market standards calculate interest. Even if the team borrows money from players with low or no interest, the league will consider the difference in interest to be included in the team's total salary. There are only two types of players who are not allowed to borrow from the team: basic salary players and first-round rookies Player. Speaking of which, you have taken advantage of being undrafted, hahahaha!"

In Jiang Mu's eyes, Zhou Guolong explained some secret operations.

The concept of signing fees is very common in football, but there are not many in the NBA, but it doesn't mean that there are none.Because in professional sports, the signing fee is a separate fee, which is equivalent to a tip for players. As a bait to attract top players to sign, professional teams can also use it to avoid salary caps and luxury taxes.

But in the NBA, the signing fee not only has to be included in the team's salary cap, but also directly affects the player's own income.For example, if a player and a team sign a three-year contract with an annual salary of 1000 million, he can choose up to 15% of his annual salary as a signing bonus, so that he can get the full three-year signing fee of 450 million in the first year US dollars + 1000 million annual salary, but the annual salary of players can be increased in the next two seasons, but the signing fee will not increase, so the total annual salary will decline accordingly.

The most famous one is that in the summer of 2004, the rookie contract of Kenyon Martin, who had just been selected into the All-Star team, expired. offer.

The Nuggets immediately promised Martin: Come to Denver, we will give you a 15% signing fee and a year's annual salary in advance.

In other words, after Martin signs the contract with the Nuggets, he can immediately get 9100% of the total annual salary of 15 million US dollars and 1063 million US dollars in the first year, a total of 2428 million US dollars.

Relying on this trick, the Nuggets directly killed the Nets in seconds and took Martin into the bag.However, the behavior of the Nuggets was also investigated by the league due to suspicion of unfair competition. Although the league only expressed condemnation and did not make specific punishments in the end, the method of signing fees was classified as a detrimental trick in the league. Except for Matthews signing with the Trail Blazers, few teams are willing to use similar methods to grab people.

In addition, player salaries can also be deferred.25% of a player's annual salary can be deferred until after May 5 of the following year, but when calculating the team's total salary, it is still included in the previous year's total as usual.

Although these various salary payment methods are different, one foundation must never be changed: any player must have 20% of his basic salary paid in a conventional way. An example is that Artest once suffered from this loss .

At that time, some people interceded with Artest, saying that he was still a rookie and didn't know these things yet, but this didn't help at all, because since 1986, the league and the players union have formulated a system called "rookie team". Transition Planning" training course.

This is like the vocational training that a freshly graduated college student must receive before going to work.In this transition plan, league officials, current and retired players, and experts in various related industries went into battle to explain league rules, computer training, illegal drugs, and alcoholism to these young people who were just in their early 20s (some of them were not yet 20 years old). , Sexual crimes, dealing with the media, and even how to dress and dress and other aspects that need attention.

The most important thing is how to deal with the banknotes in your hands that can't be counted for days and nights when you suddenly turn from a poor boy with nothing to a millionaire, or even tens of millions or billionaires in the future.

Of course, Jiang Mu has also attended such a training class, and he has a deep memory!

Regarding how rookie players manage their income, the league has put forward the following core recommendations in recent years:

First, make sure you have individuals or teams who are financially adept.

Second, don't give anyone the right to spend your property as they please.

Third, before making a repayment plan, it is best not to borrow money from others and reasonably control your credit limit.

Fourth, it is best not to jointly buy real estate with others.

Fifth, before filling out the personal tax return form, it is best to communicate with a tax consultant in advance.

Jiang Mu, who was attending the class at the time, was still wondering: How the hell is this like a domestic law firm?

(End of this chapter)