NBA PLAYERS' SALARIES AND THE DRAFT
In chapter 9 we determined salaries for baseball players based on how many wins a player generated over and above the number of wins that would be achieved with a team of “replacement players.” Using the WINVAL point ratings we can use the same approach to come up with an estimate of a fair salary for an NBA player.
During the 2006–7 season the average team payroll was $66 million. The minimum player salary was around $400,000. We will define the point value of a “replacement player” as –6. This is the usual point value for a player in the bottom 10% of the league point values. A team made up of replacement players would lose by 5 × (6) = 30 points per game to an average NBA team. After noting that an ...