The BIG3, a 3-on-3 basketball league founded by the legendary rapper Ice Cube, is gaining traction in the world of professional sports. With a roster of retired NBA players, the league has become a hotbed for entertainment and basketball action. But what about the players? How much do BIG3 players get paid?
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Overview of BIG3 League
The BIG3 is a 3-on-3 basketball league, founded by rapper and actor Ice Cube, that features retired NBA players. The league was created in 2017 and is currently in its fourth season. The BIG3 consists of eight teams, each consisting of five players and a head coach. The teams play a regular season followed by a single-elimination playoff and the championship is held on the final week of the season.
The BIG3 has become a popular destination for retired NBA players, as the league offers them a chance to continue playing the game they love. The league also provides an opportunity for fans to see their favorite players from the past compete against each other.
Salary Structure
The BIG3 is a salary-capped league, meaning that the amount of money teams can spend on player salaries is limited. For the 2021 season, the salary cap for each team is $2.5 million.
The salary structure for BIG3 players is divided into two categories: the “core” players and the “non-core” players. Core players are the team’s top performers and are eligible for higher salaries. Non-core players are the team’s role players and are eligible for lower salaries.
Core players are paid a minimum of $75,000 per year and can earn up to $175,000. Non-core players are paid a minimum of $30,000 per year and can earn up to $80,000. In addition to their salaries, players can also earn bonuses based on their performance.
Benefits
The BIG3 also provides players with a number of benefits, including health insurance, 401(k) plans, housing allowance, and travel expenses. Players also have the chance to earn additional money through endorsement deals and other sponsorships.
Conclusion
The BIG3 is an exciting new league that offers retired NBA players a chance to continue playing the game they love. The league has a salary cap and offers players a range of salaries, from $30,000 to $175,000, depending on their performance. In addition, players can also earn bonuses and receive benefits such as health insurance, 401(k) plans, housing allowance, and travel expenses. With its growing popularity, the BIG3 is sure to be a success in the future.