League Minimum Salary

The League Minimum Salary is the lowest amount of money that a professional sports league, such as the NFL or NBA, guarantees to pay a player for their participation. It ensures that even new or less experienced players earn a standard baseline salary, which varies by league and experience level. This minimum acts as a safety net, providing fair compensation and preventing teams from paying very low wages to rookies or lesser players. The specific amount is adjusted periodically, reflecting inflation and league policies, and helps maintain basic economic fairness within the sport.