
Let's start with Amar'e Stoudemire. Amar'e is an amazing player, nearly as good as LeBron, and on some days, he's actually better. Stoudemire was going to earn $17.6 million in the final year of his contract with the Suns, but he has exercised an early termination option on his contract to search for something better.
Next, there's Carmello Anthony, the guy who spent a year at my very own Syracuse University. He's being pushed to sign a three-year, $65 million extension, but may decide to pass. Melo is another player who can give LeBron a run for his money.
Finally, there's Paul Pierce, who led the charge toward getting LeBron out of the playoffs this season. According to ESPN.com, Piece has told the Boston Celtics that he'll be opting out of the final year of his contract to become a free agent. He passes up $21.5 million next year, but may sign a four-year deal worth $90 million.
When I see all the craziness occurring in the NBA, I have a few thoughts:
First, it's odd to me that the NBA has leveraged so much of its brand on King James. The truth is that by making LeBron the natural heir to an NBA title, we are not only putting a tremendous amount of pressure on him, we are also offending every other incredibly talented, hard-working player in the league. That's why I figured that one of the other All-Stars would make sure LeBron didn't make it to the championship series.
Second, while it might seem that the players are making gobs of money (which they are, in an absolute sense), the truth is that relatively speaking, they are actually getting robbed. If salary caps and free market restrictions were not in place, NBA players would be earning as much as $50 million per year. The turning point occurred in 1996, when Kevin Garnett was offered $21 million per year, leading the NBA owners to lock out the players. After the lockout, limitations to player salaries were put in place, keeping them at what some argue to be a manageable level. Therefore, 14-years later, top players are making the same money that Kevin Garnett was offered in 1996.
The point here is not to say that we should feel sorry for NBA players. The point is that owners don't offer $21 million to a player because they are stupid. They offer the money because the player's presence is generating revenue on a scale that justifies their salary. This extra income doesn't go away just because owners are paying the players less money. When the players aren't getting fair market salaries, team owners are able to pocket the difference, making themselves wealthier in the process.
Long story short: players get paid well, and owners get disgustingly rich. But with many NBA players not getting educated by their universities, they probably don't even notice.
Dr. Boyce Watkins is the founder of the Your Black World Coalition and a Scholarship in Action Resident of the Institute for Black Public Policy. To have Dr. Boyce commentary delivered to your email, please click here. 
Comments: (17)
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By: john smith on 7/03/2010 1:04PM
i disagree that if they paid more money such as 50 million there would be no nba..they would be out ofbusiness. lebron and dwayne will make there in endorsements..the nba needs a hard saolary cap to survive.that you dont learn in college all basketball playrs know that
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By: OOOZZZZZ on 7/03/2010 1:20PM
NBA Free Agents Earning Less Than You Think.....but they make more than enough and you have to remember...this is a business first (not athletes first) and the owners are only in it to make money from their overall investments in the team (concessions, tickets, tax breaks, advertising/marketing etc) while ensuring at the same time that the asset to liability ratio is not compromised.
And as far as the players?
These dummys should go back to school, crack open a book (a brand new concept for many) and be concerned about UNDERSTANING THE FINANCIAL ASPECTS OF THE PRO BASKETBALL BUSINESS THAT THEY ARE IN...... instead of signing contracts (with little or no formal education or business acumen), getting screwed by college educated business people and stop wasting millions: buying homes they can't afford, multiple cars, bling, financing their entire family tree, making bad investment deals without no business knowledge, staying in trouble, having numerous babies and baby mamma drama/risky marriages/divorce all over America instead of worring about "I'm not paid enough"...since they (the majority) are going to end up either in jail, broke, in deep debt and in bankruptcy court in five years after retirement anyway...with no workable/marketable skills except having limited skills playing the game of basketball....now in their middle ages.
Maybe Dr. W, you should mare NBA ballers who browse this website on the regular hip to that harsh reality.
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By: stallion on 7/03/2010 2:07PM
are you kidding me,Kobe bryant is the best player in the NBA by far and he unlike Lebron has the rings 2 prove it. and i hate the lakers,i played ball in europe for 9 years and watch every game i can and other than MR.JORDAN no one recently even comes close when it comes 2 willing their team 2 a championship.
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By: simone Richardson on 7/03/2010 4:32PM
I WOULD LIKE TO THANK YOU DR BOYCE FOR ENLIGHTNING US ON THE WORLD OF NBA. THEY STILL MAKE MONEY FROM COMMERCIALS AND OTHER OFFERS.
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By: Sheila B on 7/03/2010 9:35PM
17 million...21 million...wow my heart really bleed for these guys. How can they survive on that chump change.
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By: Paul on 7/03/2010 9:42PM
I say pay them what the market can bear, like others have said if the team don't make money from having certain players on thier roster they wouldnt offer to pay them those ridiculus amounts of money. I say to the players get yours cause the owners gonna get his.
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By: larryhorse713 on 7/03/2010 11:37PM
Amare Stoudemire is a very good player, but not, I repeat, NOT, an amazing player. LeBron James is a better scorer by far, and averages around 8 assists per game in addition to 8 rebounds and 30 points. Plus he's a better defensive player? How is Stoudemire in any way close to James?
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