First Missed Paycheck Cost Miami Heat Players a Total of $8 Million


We all know that NBA players are obscenely rich people, but it’s always a mind-bending trip to see their pay spelled out. Various media outlets looked at how the first missed paycheck due to the lockout affected different teams and the players’ wallets, but the Miami Heat take the cake with this one. From the Herald: “Players missed their first paychecks on Tuesday. Here’s a breakdown of how much each player lost, based on the commonly used contractual formula that each player is paid 1/110th of their total contract each game. These figures include the eight preseason games that were never played and the regular season’s first six games. (Players are paid per game. And, obviously, we can debate the merits of these numbers all day based on a new CBA, prorated salaries and everything else. But, you get the point: It’s a lot of money.): LEBRON JAMES (Total 2011-12 contract: $16,022,500, Per game: $145,659.09, First paycheck: $2,039,227.27) – CHRIS BOSH (Total 2011-12 contract: $16,022,500, Per game: $145,659.09 ,First paycheck: $2,039,227.27) – DWYANE WADE (Total 2011-12 contract: $15,512,000, Per game: $141,018.18, First paycheck: $1,974,254.54) MIKE MILLER (Total 2011-12 contract: $5,400,000, Per game: $49,090.90, First paycheck: $687,272.72) – UDONIS HASLEM (Total 2011-12 contract: $3,780,000, Per game: $34,363.63, First paycheck: $481,090.90) – JOEL ANTHONY (Total 2011-12 contract: $3,600,000, Per game: $32,727.27, First paycheck: $458,181.81), EDDIE HOUSE (Total 2011-12 contract: $1,399,507, Per game: $12,722.79, First paycheck: $178,119.07) – MARIO CHALMERS (Restricted free agent/team option) (Total 2011-12 contract: $1,091,100, Per game: $9,919.09, First paycheck: $138,867.27) – DEXTER PITTMAN (Total 2011-12 contract: $788,872, Per game: $7,171.56, First paycheck: $100,401.89) Total amount in lost wages: $8,096,642.74”