The NBA league salary minimum for the 2011-2012 season was $490,180 for a new player with less than a year of service. The NBA salary minimums vary from year to year based on revenue and the amount of time a player has been in the league.
For a player with 10 years of service or more, the NBA league salary minimum for the 2011-2012 season was $1,399,507. There are also salary caps in place for a whole team. The salary cap for the 2014-2015 season is $63.065 million for an NBA team. The maximum salary for an individual player with 10 or more years of service for the 2013-2014 season is $14 million, or 35 percent of the cap.