Most NBA players get paid like you and I do — on the 1st and 15th of the month money is automatically put into their account via direct deposit. Their paychecks are just a tad bigger than ours.
Carmelo Anthony is getting more of his cash up front.
Half of his salary each season will be a cash payment up front, reports the Wall Street Journal. Anthony will make just shy of $22.5 million next season, he will get $11.25 million of that up front. Not a bad haul.
(There was an earlier report that he was going to get half of his entire five-year, $124 million contract up front, a whopping $62 million — that’s not happening. Under the CBA a player can negotiate to get half of a season’s salary up front, but not the entire contract.)
Anthony isn’t the only Knick to do this, J.R. Smith gets half his salary each season up. One of them is probably spending/saving that more wisely than the other, I’ll let you take a stab at guessing that one.
The NBA players union suggested that players getting new deals arrange it so their contracts are paid out on a twice-monthly deal but for 36 months — to prepare for the potential of a 2017 lockout. That’s a bit frightening, to think abut.