Lebron James Wants to Get Rid of Max Salary Rule, Recalls Michael Jordan's Salary
Dino Lirios | | Oct 09, 2014 07:20 AM EDT |
(Photo : allhiphop.com)
Lebron James could lead a push to get rid of the National Basketball Association's (NBA) max salary rule, earning as much as Michael Jordan.
Currently, the maximum salary of any NBA player is only 35 percent of the salary cap. James can only make around US $20.6 million for the upcoming 2014-2015 season.
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However, due to the upcoming TV deals of the NBA, that could all change.
In 2016, the NBA will be renegotiating its TV contracts with TV juggernauts ESPN and Turner Broadcasting. Reports indicate that the stations are looking to lock the NBA, fixing the broadcasting of NBA games.
The deal is reported to net the NBA US $2.66 billion.
Apart from the increased income the league will be facing due to the deals, the salary cap will also be increasing.
Currently, the salary cap is at US $63.1 million, with the luxury tax set at US $76.8 million. Next year, it is projected to jump to US $66.3 million, and the year after that to an astounding US $80 million. This is a jump of about US $16 million.
James wants a piece of this added revenue to go to the players. He looks back to the great Michael Jordan.
In the 1997-1998 season, Michael Jordan made US $33.1 million out of a one year contract. It is considered the highest NBA salary to date.
Back then, the salary cap was US $26.9 million, with the average payroll of an NBA team coming to US $32.7 million. Moreover, there was no maximum salary rule.
Jordan's salary was bigger than 19 out of the 29 teams in the NBA. It was because of his salary that year that led the NBA to create the maximum salary rule the following year.
If there were no max salary rule, how much would James make? He could be making three times the amount he is making for his current salary.
Brian Windhorst of ESPN said on Twitter, that with James pushing for it and Chris Paul as head of the union, "players could also move for increase or even removal of max contract in 2017 CBA."
TagsLebron James, Michael Jordan, Salary Cap, Turner Broadcasting
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