After Taxes And Sh*t, NBA Player Salaries Aren't As High As You Think (But They're Still Making Bank)

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Being an NBA player like LeBron James of the Cleveland Cavaliers or Stephen Curry of the Golden State Warriors would obviously be awesome — they're two of the best ballers on the planet and get paid a hell of a lot of money to play a damn sport for a living. Unfortunately, the reported figures on LeBron and Steph's contracts, among other top earners in the league, aren't quite what the guys actually take home, though. And, thanks to an in-depth piece from ESPN, fans now have an idea just how much Uncle Sam and player agents are taking from them.

 

For instance, James inked a deal to stay with his hometown Cavs back in 2016 for a reported three years and $100 million, making the public think he'd be netting a cool $33.3 million of that timeframe since, you know, basic math.

Well, in the words of Lee Corso, "Not so fast, my friend," because this is what James really took home, per ESPN.

As you can see from the infographic above, while LeBron James is still making millions of dollars, but after taxes and a bunch of other fees associated, his reported $33,285,709 annual salary drops more than 50 percent to $16,737,751. Talk about some serious bullsh-t, right?!?

Don't feel too bad for James, though, who has always been smart about his money, which includes business ventures that have seen him make millions from deals with Nike and Coca-Cola, as well as Blaze Pizza and Beats By Dre headphones.

As for the Warriors' two-time league MVP, Stephen Curry, he experiences a similar hit in gross versus net pay. After signing an enormous extension with the Dubs this summer — a reported, record-setting $201 million over five years — Curry falls victim to a similar fate as the aformentioned James, losing so much in taxes and fees.

While, on paper, ESPN details in its report that Curry's annual salary of $34.8 million this year tops the previous NBA mark of $33.1 million — set by Michael Jordan during the 1998 season — when adjusted for inflation, Jordan's you salary would be an outrageous $50 million in today’s dollars.

To see the full list and details from the report, head on over to ESPN.

As for what this means for the rest of us "normal people" who scratch and claw to make a good living by putting up with a crappy 9-5, well, just feel good knowing that millions of your dollars aren't just wiped away because of crazy taxes. Does that make you feel any better about your life? Probably not.

ESPN

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Lead image via Getty.

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