The 2020/21 NBA season has been affected by the COVID-19 pandemic. Many teams faced a huge loss in income from sponsorships and merchandise. But many teams spent lots of money in bringing new players to the team as they give them the best chance of competing for a championship.
According to statista.com, For the 2019/20 season, all NBA teams generated combined revenues of almost 7.92 billion U.S. dollars, which includes regular season ticketing, which accounted for just under 20 percent of the total. The average franchise value in the NBA registered a significant growth between 2014 and 2020, rising from 634 million U.S. dollars to over 2.2 billion U.S. dollars in the period.
The Brooklyn Nets, LA Lakers, and Golden State Warriors are some of the teams, with two players each on the top ten 2021-22 highest-paid player salaries list. LA Lakers have brought several players this season. Still, they are nowhere close to being the most expensive NBA team based on active contracts as of August 2021.
The Golden State Warriors are currently the most expensive NBA team
According to the reports, based on active contracts, the Golden State Warriors are the most expensive NBA team right now, with an active roster limit of $ 177,282,659. Warriors didn’t have been in great form for the past few seasons but they’ve managed to increase their bill by offering Stephen Curry a contract extension. His association with Kevin Durant and Klay Thompson created the most dominant team in the NBA from 2015-2019.
Stephen Curry – The highest-paid NBA player in 2021
One of the greatest shooters in NBA history, Stephen Curry tops the list for the highest-paid NBA player in 2021. Curry will draw a salary of $43,006,362 for the 2020-21 NBA season. While his previous contract will earn him $ 45.7 million during the 2021-22 season, with his $ 215 million 4-year contract extension, he will receive an average of $ 53.8 million over the next four years.
In 2017, Curry signed a $200 million contract with the Warriors. And since then he has earned the most salary in the league. Stephen Curry, who is in the final year of his five-year contract with the Golden States Warriors currently earns ($43,006,362) almost 15 times what he was earning at entry-level a decade ago.
Although, this is not the exact amount he will finally receive. NBA players have to pay federal and state taxes, jock tax, agent fees, and 401k investments. So after paying all these, the average NBA player takes home roughly 56% of their starting salary.
Curry is a seven-time NBA All-Star and has been named the NBA’s Most Valuable Player (MVP) twice. He led the Warriors to their first championship since 1975 in the 2014-15 season. He also won his first MVP award in the same season. Curry has won three NBA championships with the Warriors (2014, 2017, 2018).
Other contributors for Golden State Warriors
According to reports, Thompson is the Warriors’ second-highest paid player. The Golden State Warriors signed a five-year, $ 189.9 million contract with the guard. He will earn $ 37.9 million for the 2021-22 NBA season. Andrew Wiggins’ $31.5 million and Draymond Green’s $24 million for the 2021-22 season are also the major contributors in making the Warriors the most expensive team in the NBA right now.