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

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.

Yardbarker

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