I've always wondered how this worked. If a player is getting paid $5,000,000 a year, how does he get that salary? Does he receive it at the beginning of the season as a lump sum? Or does he receive payments weekly, bi-weekly, or monthly?
According to this cbafaq.com page, NBA payroll rules can vary by the player's contract, within limits stipulated by the CBA:
In contrast, NFL paycheck distribution is simpler. According to USA Today, player paychecks are distributed weekly during the season:
@Mansfield's answer agrees what with I know about NHL paychecks - 13 paychecks, paid biweekly during the season. According to this Yahoo Answers post:
According to this post on baseball-fever.com, MLB players are paid:
There is a caveat - these paycheck rules can change periodically due to the CBA rules negotiated by the leagues and their player associations.
I can only speak for the NHL, but I believe they receive a percentage of their paycheck in standard two week intervals from the beginning of the regular season till the end of the season(13 paychecks total). Some contracts include signing bonuses (which are generally paid when the contract is signed, as implied) or performance bonuses (paid either when the performance goal is achieved or at the end of the season, I'm not sure which).
Since the NHL has a salary cap based on projected revenue, a certain percentage of the player's salary goes into escrow. If the league hits the target revenue for the year this money will be returned to the player, otherwise a portion of it may be kept by the league.
I don't have an official source on this, it's just based on what I've heard unofficially in articles discussing the CBA negotiations.
protected by ᴍᴀsᴛᴇʀᴍɪɴᴅ_ᴇᴅ♦ Feb 6 '14 at 16:42
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