Kobe Bryant Set to Receive More Than $24 Million Payout on Friday Due to Clause in Contract

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Nov 1, 2013

Kobe BryantIf you feel like you’re being undercompensated for the work you do at your current job, this story probably isn’t for you.

Kobe Bryant — already one of the richest athletes in American sports — will make upward of $24 million in one day this Friday.

The 15-time All-Star’s contract pays him $30,453,805 per season, but NBA rules allow players to receive up to 80 percent of their annual salary in a “balloon payment” if they so choose. Bryant has elected to go that route, resulting in a one-day payout of $24,363,044 on Nov. 1.

The Lakers will pay the remaining $6.1 million of Bryant’s contract in installments throughout the season.

Though he got his payday, Bryant still hasn’t been able to return to the court as he continues to rehab from a torn Achilles tendon suffered late last season. The Lakers have split their first two games of the 2013-14 campaign with him on the bench.

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