The average salary of an NBA GM in 2021 is $ 15,00,000 (1.5 million) Per Year. The highest amount given to NBA General Manager is $ 11,000,000 ( 11 million USD). The minimum amount given to them is $ 80,000 Per Year.
NBA GM Salary 2021:
|Less than 2 years||$ 80,000|
|More than 2 years||$ 15,00,000|
|More than 5 years||$ 11,000,000|
Learn More: NBA Rookie Salary
A general manager for any NBA team is considered the brain of the organization. They are responsible for all the games and play a major role in developing an organization’s identity. A team’s future depends upon how well a GM plans and takes decisions on behalf of the team, they develop strategies so their team wins.
Top Paid NBA GMs 2021:
|NBA GMs||Annual Salary|
|Pat Riley||$ 11 million USD|
|R.C. Bufford||$ 9 million USD|
|Bob Myers||$ 8 million USD|
|Neil Olshey||$ 6.5 million USD|
|David Griffin||$ 5.8 million USD|
Read More: NBA Commissioner Salary
Education and Skills of an NBA GM Manager
Before learning about an NBA gm job description, it is essential to know what skills and education a general manager possesses. Firstly, anyone who is willing to apply for this position should have knowledge about basketball and know about the game beyond the rules. As NBA is one of the widely watched sports the pressure on the players and team to perform well is high too. So, NBA GM managers should be comfortable working in high-pressure situations and have the mindset to build a championship-winning team.
In the U.S you’ll find many universities offering degrees in the field of sports management. Some also offer post-graduate degrees such as Ph. D. in Human Performance. If somebody is willing to join the NBA as an assistant GM manager then these degrees will be a good start for them.
Responsibilities of An NBA General Manager
The NBA General Manager job description comprises having knowledge about both the on-court-team and the lesser-known parts of an NBA organization. The primary job is to negotiate the terms and contracts with the players and the staff and the top personnel keeping in mind the NBA salary cap. A team’s front office works best if a general manager makes appropriate decisions regarding a team build-up. Budgeting, fan and staff satisfaction and overall sustainability are the few responsibilities on an NBA GM’s shoulder.
On the other hand, the job of an assistant GM at the NBA is not a flimsy one, some people think after hearing the term ‘assistant’ in a job title that it’s an insubstantial role. However, an assistant GM job is to provide perspectives during a decision-making process of a front office and prevent any decisions that are one-sided or biased. The assistant GM also has the responsibility to reinforce the front office’s choices to the rest of the organization’s side. With all these tasks and responsibilities you may be wondering what is an NBA gm salary and how much do their assistants make?
How Much Do General Managers Make in the NBA?
On average NBA general managers earn $1 Million to $3 Million annually. An NBA gm salary can be higher depending upon the skills and value a GM may bring to an organization. A NBA assistant GM’s salary is comparatively less than the GM but they still manage to earn $150,000 to $1 million a year. According to different sources, the NBA executives’ salary on average is $155,777 a year. Adam Silver as the CEO of the NBA receives an annual salary of $10 million, that’s a whopping amount for an NBA president salary!
Highest Paid GMs in The NBA
Below is the NBA GMs list along with the salary they earn in a year. Have a look!
1. Pat Riley
Pat Riley is the Miami Heat Team GM and President. He is known as the most successful and celebrated coach of all time. Riley has a net worth of over $80 million. And earns over $11 million yearly.
2. R.C Bufford
R.C. Bufford is the General Manager for the San Antonio Spurs. As Spurs have an estimated net worth of $1.2 billion, RC Bufford as a GM is expected to earn $10 million this year.
3. Bob Myers
Robert Michael AKA ‘’Bob’’ Myers is the current General Manager for the NBA’s Golden State Warriors. His contract extension has been made till the 2017-2018 season end. Along with the bonuses, his NBA gm salary is around $8 million a year.
4. Neil Olshey
Neil Olshey is the General Manager of the Portland Trailblazers. Along with the bonuses and commission, his NBA gm salary lies in the region of $450,000 last year with a net worth well over $50 million. For this year, his salary should be around $6.5 million.
5. David Griffin
David Griffin is the General Manager for the Cleveland Cavaliers. He started playing for the Phoenix Suns for 17 seasons. In 2010, he was appointed the Vice President of Basketball Operations for the Cleveland Cavaliers and has been a part of the team since. After Chris Grant, he was named as the General manager with an estimated annual salary of over $5.8 million.
The NBA general manager’s job is a high-profile one and is always on the target of being questioned especially when they make decisions that aren’t according to the opinions of fans, team members and sports analysts. Even though their job revolves around financial decisions, they have to bring in accurate talent including players and coaches, and also navigate trade and this is why a NBA gm salary is worth every penny