A rookie with a minimum salary contract stands to make $525,093 in 2015-16.
The effective minimum wage in the United States is $7.25. In order to earn $525,093, a person making the minimum wage would have to work 72,426 hours straight. That’s eight years and 71 days at it non-stop.
So yes, it’s a nice time to be a good at basketball.
Now here are all the numbers you were looking for:
Years in NBA | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
0 | $525,093 | $543,471 | $562,493 | $582,180 | $602,557 | $623,646 |
1 | $845,059 | $874,636 | $905,249 | $936,932 | $969,725 | $1,003,665 |
2 | $947,276 | $980,431 | $1,014,746 | $1,050,262 | $1,087,021 | $1,125,067 |
3 | $981,348 | $1,015,696 | $1,051,245 | $1,088,038 | $1,126,120 | $1,165,534 |
4 | $1,015,421 | $1,050,961 | $1,087,745 | $1,125,816 | $1,165,220 | $1,206,002 |
5 | $1,100,602 | $1,139,123 | $1,178,992 | $1,220,257 | $1,262,966 | $1,307,170 |
6 | $1,185,784 | $1,227,286 | $1,270,241 | $1,314,700 | $1,360,714 | $1,408,339 |
7 | $1,270,964 | $1,315,448 | $1,361,489 | $1,409,141 | $1,458,461 | $1,509,507 |
8 | $1,356,146 | $1,403,611 | $1,452,738 | $1,503,583 | $1,556,209 | $1,610,676 |
9 | $1,362,897 | $1,410,598 | $1,459,969 | $1,511,068 | $1,563,956 | $1,618,694 |
10+ | $1,499,187 | $1,551,659 | $1,605,967 | $1,662,176 | $1,720,352 | $1,780,564 |