Details On NBA Cup Prize Money For 2024

The prize money for the players whose teams advance to the knockout round of the NBA Cup (in-season tournament) has increased in the second year of the event. According to Jeff Zillgitt of USA Today (Twitter link), the prize money for 2024 is as follows:

  • Players on the team that wins the NBA Cup: $514,970 apiece
  • Players on the team that loses the NBA Cup final: $205,988 apiece
  • Players on the two teams that lose in the NBA Cup semifinals: $102,994 apiece
  • Players on the four teams that lose in the NBA Cup quarterfinals: $51,497 apiece

When the Lakers won the inaugural in-season tournament in 2023, those figures were $500K, $200K, $100K, and $50K, respectively. The NBA’s Collective Bargaining Agreement calls for the prize money to increase annually at the same rate that the league’s basketball-related income (BRI) grows. Based on the new amounts reported by Zillgitt, that growth was just under 3%.

A player on a standard contract whose team makes the knockout round of the event will earn a full bonus share, while a player on a two-way deal receives a half share. That means the two-way players on this year’s NBA Cup champion will claim bonuses of $257,485 each.

While these bonuses are a drop in the bucket for the league’s highest-paid players, they represent a significant raise for players earning the minimum or close to it. Last season, there were seven Lakers players (including two-ways) for whom the NBA Cup bonus money increased their total earnings for the year by more than 20%.

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