What is the minimum salary for an NBA veteran?

For the 2013-14 season, the minimum salary for an NBA veteran ranges from $788,872 to $1,399,507. The league minimum is contingent on the exact years of experience the player has in the league.

For 2013-14, a player with just one year of service is guaranteed an annual salary of $788,872, while a player of 10 or more years experience takes home the league minimum of $1,399,507. The salary increases gradually between these two numbers by the number of seasons played. This is a product of the collective bargaining agreement between the league and the NBA Players Association. The minimum figures above are set to increase each season under the current pact, which runs through the 2020-21 season.